Argentina is braced for the first case of coronavirus to be confirmed among the thousands of port workers and grains handlers involved in the country's key agricultural export sector, local industry officials said.
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.
China's HNA group said
Wednesday its bondholders had agreed to defer payments of
principal and interest for a 7-year bond due April 15 for one
year.
(Reporting by Zhang Yan in Beijing, and Andrew Galbraith in
Shanghai; Editing by Alex Richardson)
((Zoey.Zhang@thomsonreuters.com;))
nB9N2BC02P
Tianqi Lithium, one of the world's top producers of the commodity used in batteries for electric vehicles, expects to post a net loss in the first quarter of 2020, exacerbating a grim financial situation that may force it to sell off assets.
A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.Wall Street closed higher last night, driven by hopes of some lockdown restrictions being lifted.
China shares closed lower on Wednesday, as investor worries over an expected sharp drop in the country's first-quarter economic growth offset a brief boost from a widely expected cut to medium-term lending rates.
South African retailer and wholesaler Massmart said on Wednesday sales for the 13-week period ended March 29 rose 1.3% to 22 billion rand ($1.20 billion), with comparable store sales up by 0.9%.
India will allow opening up of some industries in rural areas after April 20 to reduce the distress caused to millions of people because of a prolonged lockdown to halt the spread of coronavirus, the government said on Wednesday.
Chinese airlines reported a total loss of 33.62 billion yuan ($4.8 billion) in the first quarter as the coronavirus pandemic hit travel demand, the aviation regulator said on Wednesday.
A Chilean environmental court said on Tuesday it would investigate a complaint brought by the government against global miner BHP over allegations of damage to the northern Punta Negra salt flat.
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.
The U.S. Treasury Department and passenger airlines have reached an agreement in principle on a $25 billion payroll support package meant to help airlines weather the economic impact of the coronavirus on travel demand, sources with knowledge of the matter said on Tuesday.
Cargill Ltd [CARGIL.UL] has reduced production at one of Canada's biggest beef-packing plants, the company and the union representing workers there said on Tuesday, after several dozen workers became infected with the new coronavirus.
Delta Air Lines has taken over an order worth roughly $3 billion at list prices for 10 Airbus A350 jets from Latam Airlines Group, the Chilean carrier said.
The South African government told specialists appointed to try to save South African Airways (SAA) that it was not able to give additional funds for rescue efforts, the specialists said on Tuesday.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Brazilian mills in the major center-south region produced 198,000 tonnes of sugar in the second half of March, 42% more than in the same period a year earlier, as companies shift cane allocation to the sweetener amid a collapse of the ethanol market.
The U.S. Transportation Department on Tuesday awarded nearly $10 billion to U.S. airports struggling with a massive falloff in travel demand because of the coronavirus pandemic.
Boeing Co on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the coronavirus crisis worsened disruptions from the grounding of its best-selling jet.