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U.S. markets watchdog Clayton says SEC should not ban short-selling of shares

March 30, 2020 by  
Filed under News

The head of the U.S. Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures the agency might take to arrest a market rout that stems from fears the coronavirus will spark a global recession.


Source: Reuters Business News

AmEx to freeze hiring, not cut jobs as coronavirus crisis deepens: Bloomberg News

March 30, 2020 by  
Filed under News

Credit card issuer American Express Co will freeze hiring and avoid job cuts this year in response to the coronavirus pandemic, Bloomberg news reported on Monday, citing a video message to employees from Chief Executive Officer Steve Squeri.


Source: Reuters Business News

Bostic: Fed programs could be broadened if they have missed important parts of economy

March 30, 2020 by  
Filed under News

As U.S. officials role out trillions of dollars in new economic support, a Federal Reserve policymaker on Monday said focus will now shift to whether those programs prove adequate or need to be expanded even further.


Source: Reuters Business News

J&J, Moderna sign deals with U.S. to produce possible coronavirus vaccines

March 30, 2020 by  
Filed under News

The U.S. government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to expand manufacturing capacity within the United States for vaccines to prevent the new coronavirus even before safe and effective ones become available.


Source: Reuters Business News

Coronavirus drives U.S. March auto sales off a cliff

March 30, 2020 by  
Filed under News

U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further beating in April as social distancing guidelines remain in place.


Source: Reuters Business News

Governments, central banks must boost efforts to help economies cope with crisis: BIS chief

March 29, 2020 by  
Filed under News

Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday.


Source: Reuters Business News

Chanel turns its workshops to making face masks as coronavirus spreads

March 29, 2020 by  
Filed under News

Luxury fashion group Chanel said on Sunday it would launch production of face masks to help bolster supplies in France, as the coronavirus sweeps across the country.


Source: Reuters Business News

Worry, problems and strife: Investors fear markets not out of woods despite big rally

March 29, 2020 by  
Filed under News

After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict.


Source: Reuters Business News

Exclusive: Qatar Airways says it will need state support as cash runs out

March 29, 2020 by  
Filed under News

Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash needed to continue flying.


Source: Reuters Business News

Mexico's President says will comply with public vote to halt brewery project

March 28, 2020 by  
Filed under News

Mexico’s President Andres Manuel Lopez Obrador on Saturday said his government will comply with a public consultation to halt the construction of U.S. brewer Constellation Brands Inc’s more than $1 billion brewery project in the border city of Mexicali.


Source: Reuters Business News

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