U.S. Treasury Secretary Steven Mnuchin said on Tuesday that over 3,000 lenders were participating in a new $349 billion small-business coronavirus loan program, and that the Federal Reserve and Treasury were working to set up facilities to support "Main Street" and municipal borrowers.
Global airlines cannot afford to refund cancelled flights because of the coronavirus crisis, said the head of the industry's representative body IATA, and carriers are issuing vouchers instead as they conserve cash to survive.
Commodities trader Glencore Agriculture has bid $325 million for the minority stake in Argentine soy crushing plant Renova held by bankrupt family-owned company Vicentin, two sources close to the negotiations told Reuters.
Global airlines said 25 million jobs across the world could be at risk from the coronavirus travel downturn, as the industry's representative body launched a plea for urgent government support amid warnings that carriers are running out of cash.
Britain's second-biggest holiday company Jet2 said it had cancelled all flights and holidays until mid-June as restrictions in place due to the coronavirus pandemic show no sign of easing in the coming months.
Department store chain operator Macy's Inc said on Tuesday Chief Financial Officer Paula Price would step down from the role next month after nearly two years on the job.
Dubai-based private equity firm Gateway Partners has acquired a 40% stake in the Gulf franchise of coffee and breakfast chain Tim Hortons, two sources familiar with the matter told Reuters.
Canada's main stock index futures rose on Tuesday, as oil prices jumped on hopes for a global production cut and a slowdown in infections in Europe and the United States aided sentiment.
Glencore Plc has bid $325 million for the minority stake in Argentine soy crushing plant Renova held by bankrupt family-owned company Vicentin, two sources close to the negotiations told Reuters.
Consumer inflation in Russia is likely to accelerate slightly to 2.6-2.7% in year-on-year terms in April if the rouble stabilises, the economy ministry said on Tuesday.
Pilot Jonathan Lau knows the importance of maintaining safe distance in the skies. Now he is dishing out that advice on the ground, making sure people stay apart to help curb coronavirus infections in Singapore.
Germany's Lufthansa is working on a package to raise money from the debt and equity markets to help see it through the coronavirus pandemic that has caused the collapse of passenger flights, two sources familiar with the matter said.
France's Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis.
Brazil's Environment Minister Ricardo Salles has dismissed a government analyst who opposed relaxing environmental review of wood exports, an official notice said on Monday, after thousands of shipments from the Amazon bypassed required approvals over the past year.
Brazil's Environment Minister Ricardo Salles has dismissed a senior analyst who opposed rescinding environmental authorizations for wood exports, according to a notice published in the official government gazette on Monday.
In trading on Monday, shares of Gold Fields Ltd. (Symbol: GFI) crossed above their 200 day moving average of $5.72, changing hands as high as $6.04 per share. Gold Fields Ltd. shares are currently trading up about 15.3% on the day. The chart below shows the one year performa
Airbus said on Monday it had decided additional production pauses, in Germany and in the United States, in response to an industry-wide slowdown triggered by the coronavirus crisis.
RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy on Sunday and grounded all of its 72 planes, saying it was clear that government aid would not arrive before it ran out of cash in the midst of an "astonishing" decline in bookings and revenue due to the coronavirus.
Reuters
Checked
29 minutes 24 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities