Plant-based meat company Impossible Foods said on Monday it had raised about $500 million in its latest series F funding round, which was led by new investor South Korea's Mirae Asset Global Investments.
(RTTNews) - Electrolux (0MDT.L) anticipates a considerable risk of a material financial impact during the first half of 2020 due to coronavirus outbreak. The company said its previously provided outlook is no longer valid.
China stocks fell on Monday as grim data highlighted the extent of the coronavirus' impact on the world's second-largest economy, and another emergency rate cut by the U.S. Federal Reserve failed to ease fears about the pandemic's fallout.
(RTTNews) - Shaw Communications (SJR) plans to temporarily close its 116 corporate Freedom Mobile and Shaw's 43 retail stores through March 27 due to COVID-19 virus outbreak.
Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year's annual general meeting (AGM) on March 18, urging shareholders to use it to help curb the spread of coronavirus.
The coronavirus panic is jolting stock markets, with steep drops in major indexes grabbing the public’s attention. But behind the scenes, there is less understood and potentially more worrying evidence that stress is building to dangerous levels in crucial arteries of the financial system.
For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and crews hard to drive drilling costs down by about $20 a barrel.
Peru's economy grew 2.98% year-on-year in January, above market expectations, supported by an increase in public investment, the government said on Monday.
Mizuho Financial Group will face a shareholder motion urging it to outline a plan and set targets so that its business practices are more in line with the Paris Agreement, the global pact to fight climate change.
Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Monday it will cut all steel product prices in April by about 6-11% to reflect weak market conditions amid deepening fears over the coronavirus pandemic.
The yuan strengthened against the dollar on Monday, as China's central bank kept borrowing cost on its medium term loans steady after the U.S. Federal Reserve surprisingly cut rates to cushion the econiomic impact from the coronavirus outbreak.
Shares in the credit-card arm of India's largest lender slid 7.5% in their market debut on Monday, as coronavirus worries dampened enthusiasm for one of the country's largest public listings in recent times.
Turkey's lira firmed 0.33% on Monday after the U.S. Federal Reserve cut its rates to near zero in an emergency effort to cushion the economic impact of the global spread of the coronavirus. [nL1N2B80FD]
Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to ease a ruinous logjam in global lending markets.
(RTTNews) - United Airlines (UAL) said it will cut capacity by about 50% for April and May, as it expects a drop in demand due to the novel coronavirus outbreak. It also expects these deep cuts to extend into the summer travel period.
Gold prices jumped in early trade on Monday after another emergency rate cut by the U.S. Federal Reserve, before paring gains as some investors sold the metal for cash amid a sell-off in equities.
(RTTNews) - Indian shares look set to open sharply lower on Monday after India reported 110 cases of coronavirus and crisis-hit Yes Bank reported a record loss of Rs. 18,564 crore in the December quarter on the back of a sharp jump in bad loans and higher provisioning.
Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus while a price war rages on between top producers.
Airlines around the world announced they would make more drastic reductions to their flying schedules, cut jobs and seek government aid after countries further tightened border restrictions due to the coronavirus.
Reuters
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