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Reuters Company News
Apr 03, 2020

UPDATE 2-Swiss double size of coronavirus company loan scheme to $41 bln
* Govt assumes right to order firms to make protective gear (Adds comments from government news conference)

Reuters Company News
Apr 03, 2020

UPDATE 2-Russia's central bank sees room for rate cut in coronavirus crisis
* Finance ministry mulls more borrowing - source (Adds details, quotes, background)

Reuters Company News
Apr 03, 2020

New York reports deadliest day from virus, makes plea for help
New York suffered its deadliest single day from the novel coronavirus, with 562 additional deaths across the state for a total of 2,935 fatalities, Governor Andrew Cuomo said on Friday.

Reuters Company News
Apr 03, 2020

GRAPHIC-Take Five: Life in the time of corona
1/LOOKING TO CHINA The world's biggest economy won't be open for business by Easter, as U.S. President Donald Trump had hoped, but the second biggest economy may come close. How China fares offers a guide to other countries when their coronavirus lockdowns lift.

Reuters Company News
Apr 03, 2020

UPDATE 1-Bank of America received 10,000 applications within first hour of small-business loan program
Bank of America Corp has already received about 10,000 applications for federally backed small-business loans within the first hour of starting to accept them, Chief Executive Brian Moynihan said in a CNBC interview on Friday.

Reuters Company News
Apr 03, 2020

Growing New York gold stockpile eases fear of shortages
The amount of gold stored in vaults in New York registered by CME Group's Comex exchange has risen by nearly 2 million ounces, CME data showed, proving ample to settle monthly contract obligations and easing concerns of shortages that sent prices skyrocketing.

Reuters Company News
Apr 03, 2020

Two U.S. state AGs seek info on Zoom's privacy practices
At least two U.S. state attorneys have sought information from Zoom Video Communications Inc following multiple reports that questioned the privacy and security of the videoconferencing app.

Reuters Company News
Apr 03, 2020

UPDATE 2-3M to make more face masks, ramp up imports to U.S. after Trump order
3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked a law to help ease a shortage of essential items needed to fight the coronavirus pandemic.

Reuters Company News
Apr 03, 2020

US STOCKS-Wall Street dips as record job growth ends
* Indexes down: Dow 1.49%, S&P 1.23%, Nasdaq 1.16% (Updates to open)

Reuters Company News
Apr 03, 2020

Lockheed Martin adds jobs, increases supplier payments to counter coronavirus impact
Defense contractor Lockheed Martin Corp said on Friday it hired about 1,000 employees in the last two weeks and increased payments to suppliers to counter the impact from the coronavirus pandemic.

Reuters Company News
Apr 03, 2020

Italy looks to safeguard biomedical valley leading fight against COVID-19
Italy plans to tighten health checks to ensure that work is not disrupted in a small northern town specialising in the production of medical supplies to tackle its coronavirus crisis.

Reuters Company News
Apr 03, 2020

U.S. airlines face deadline to apply for U.S. payroll grants
U.S. airlines and contractors faced a deadline of 5 p.m. on Friday to tap the federal government for up to $32 billion in payroll grants to help them ride out a dramatic drop in air travel demand due to the new coronavirus outbreak.

Reuters Company News
Apr 03, 2020

UPDATE 1-Canada's big banks field half a million mortgage deferral requests
Canada's biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, according to the Canadian Bankers' Association.

Reuters Company News
Apr 03, 2020

EMERGING MARKETS-Latam FX weaken as recession fears keep dollar well-bid
Most Latin American currencies weakened on Friday, putting an index of regional currencies on course to mark its seventh straight weekly loss as recession fears kept the safe-haven dollar well-bid despite a dismal U.S. jobs report. Brazil's real slipped 0.8% to a record low, while Mexico's peso dropped 1.7%, taking MSCI's index of regional currencies down 1%. The index is set to end the week about 3.5% lower. Colombia's currency, meanwhile, fir

Reuters Company News
Apr 03, 2020

U.S. oilfield provider Liberty cuts 7% of staff, expands executive pay cuts
U.S. oilfield services firm Liberty Oilfield Services is cutting 7% of its workforce, according to a state filing, and executives have agreed to reduce their salaries by 30% as shale oil producers grind to a halt amid an energy price collapse.

Reuters Company News
Apr 03, 2020

UPDATE 1-Trump to host Big Oil execs at White House to discuss market slump
U.S. President Donald Trump will meet with oil company executives at the White House on Friday afternoon to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war.

Reuters Company News
Apr 03, 2020

UPDATE 2-Ford to keep Europe manufacturing ops offline at least until May 4
Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites at least until May 4.

Reuters Company News
Apr 03, 2020

UPDATE 1-FedEx slashes CEO's salary, draws $1.5 bln from credit line
FedEx Corp said on Friday it would slash its chief executive officer's pay and draw down $1.5 billion from a credit facility as parcel delivery services take a hit from coronavirus-led lockdowns across the globe.

Reuters Company News
Apr 03, 2020

Heineken says it will suspend production, distribution in Mexico due to coronavirus
Dutch brewer Heineken said on Friday that it will suspend production and distribution from its seven plants in Mexico, in response to the government's decision to halt non-essential economic activity to contain the new coronavirus.

Reuters Company News
Apr 03, 2020

UPDATE 2-Spain overtakes Italy in coronavirus cases, death rate slows
Spain overtook Italy for the first time on Friday for the number of confirmed coronavirus cases, but the overnight death toll fell from the previous day, providing a small glimmer of hope.

Reuters Company News
Apr 03, 2020

UPDATE 1-Russia's central bank sees room for rate cut in coronavirus crisis
* Finance ministry mulls more borrowing - source (Adds quotes, detail)

Reuters Company News
Apr 03, 2020

CANADA STOCKS-TSX turns negative as recession fears outweigh energy boost
Canada's main stock index gave up early gains to trade lower on Friday, as fears of a deep recession fueled by the coronavirus pandemic overshadowed gains in energy stocks boosted by higher oil prices.

Reuters Company News
Apr 03, 2020

Bank of America received 10,000 applications within first hour of small business loan program
Bank of America Corp Chief Executive Brian Moynihan said the bank has already received roughly 10,000 applications for federally backed small business loans within the first hour of starting to accept them.

Reuters Company News
Apr 03, 2020

METALS-Copper slips on fears about demand after dire U.S. jobs data
* LME tin inventories jump 24% in one day (Adds comments on aluminium, graphic, updates prices)

Reuters Company News
Apr 03, 2020

UPDATE 3-OPEC debates biggest-ever oil cut as virus destroys demand
* U.S. officials suggest output would decline by itself (Adds IEA)

Reuters Company News
Apr 03, 2020

UPDATE 1-Sterling drops as British firms suffer record slump
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv (Updates prices, adds new comment and news)

Reuters Company News
Apr 03, 2020

GLOBAL MARKETS-Global stocks edge lower on economic toll from virus; oil rallies
Global stock markets sank Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply.

Reuters Company News
Apr 03, 2020

CANADA STOCKS- TSX opens higher, boosted by energy shares
Canada's main stock index rose at the open on Friday, lifted by a bounce in energy shares as oil prices continued to rise, but sentiment was still fragile on fears of a deep recession fueled by the coronavirus pandemic.

Reuters Company News
Apr 03, 2020

FedEx slashes CEO's salary, draws $1.5 bln from credit line
FedEx Corp said on Friday it would slash its chief executive officer's pay and draw down $1.5 billion from a credit facility as delivery services take a hit from coronavirus-led lockdowns across the globe.

Reuters Company News
Apr 03, 2020

UPDATE 1-3M to make more face masks, ramp up imports to U.S. after Trump order
3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked a law to help ease a shortage in the items needed to protect health staff against the coronavirus.

Reuters Company News
Apr 03, 2020

UPDATE 2-Saudi king earmarks $2.4 billion to pay private-sector workers
Saudi Arabia's King Salman has ordered up to 9 billion riyals ($2.4 billion) to be disbursed to pay part of the wages of private-sector workers to deter companies from laying off staff, the state-run Saudi Press Agency reported on Friday.

Reuters Company News
Apr 03, 2020

Chile's Cochilco sees copper price down 45 cents to $2.4 per pound in 2020
Chile's Cochilco copper commission on Friday revised its prediction for the 2020 copper price down 45 cents to $2.4 per pound.

Reuters Company News
Apr 03, 2020

UPDATE 1-Ford CEO Hackett's salary fell to $17.4 million in 2019
Ford Motor Co said on Friday Chief Executive Officer Jim Hackett's total compensation fell to $17.4 million in 2019 from $17.8 million in 2018.

Reuters Company News
Apr 03, 2020

Deals of the day-Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

Reuters Company News
Apr 03, 2020

UPDATE 1-Swiss gov't expands powers to force firms to make supplies to fight COVID-19
The Swiss government on Friday boosted its powers to order companies to raise production of critical medical supplies like drugs and protective gear should more be needed in the fight against coronavirus-caused COVID-19.

Reuters Company News
Apr 03, 2020

UPDATE 1-Swiss govt doubles size of coronavirus loan scheme to $41 bln
The Swiss government is doubling the size of its coronavirus emergency loan scheme to 40 billion Swiss francs ($40.94 billion) after being flooded by requests for help by businesses, it said on Friday.

Reuters Company News
Apr 03, 2020

METALS-Copper slips on uncertainty but remains on track for weekly gain
* LME tin inventories jump 24% in one day (Updates with official prices)

Reuters Company News
Apr 03, 2020

Europe's north-south lockdown divide revealed by Google data
* Link for Google data: https://www.google.com/covid19/mobility/

Reuters Company News
Apr 03, 2020

Leasing company Avolon cancels order for 75 Boeing MAX jets, 4 Airbus A330s
Aircraft lessor Avolon has cancelled an order for 75 Boeing 737 MAX planes that were due to be delivered by 2023 as it adjusts its order book to the industry disruption caused by the coronavirus pandemic, the Dublin-based firm said on Friday.

Reuters Company News
Apr 03, 2020

Cummins slashes CEO pay, cuts employee salaries on coronavirus hit
U.S. engine maker Cummins Inc said on Friday it would cut salaries of all employees in the United States as well as its chief executive to reduce costs as the impact of the coronavirus pandemic weighs on the industry.

Reuters Company News
Apr 03, 2020

UPDATE 3-Google data shines light on whether coronavirus lockdowns worldwide are working
* Link for Google data: https://www.google.com/covid19/mobility/

Reuters Company News
Apr 03, 2020

GCP Applied Technologies adds two new independent directors in fight with Starboard
GCP Applied Technologies said on Friday that its slate of board nominees will include two new independent directors and that it will expand the size of the board by one to 10 members.

Reuters Company News
Apr 03, 2020

US STOCKS-Futures dip ahead of payrolls, business activity data
* ISM services index seen dropping to 44 in March from 57.3 in Feb

Reuters Company News
Apr 03, 2020

Willis Towers Watson pauses sale plans for insurance broker Miller
Willis Towers Watson has put a brake on its plans for a possible sale of insurance broker Miller, it said on Friday.

Reuters Company News
Apr 03, 2020

INSIGHT-Crisis haunts British banks in coronavirus relief effort
With the future of many coronavirus hit firms in their hands, British banks, still scarred by the financial crisis, are worried that they are being asked by a desperate government to make loans that will never be repaid.

Reuters Company News
Apr 03, 2020

GLOBAL MARKETS-Stocks fall as business signals hit from pandemic, oil grinds higher
Global stock markets sank on Friday, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day's gains on hopes of a cut to global supply.

Reuters Company News
Apr 03, 2020

UPDATE 3-China probes alleged fraud at Luckin Coffee, banks review IPO work
China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing.

Reuters Company News
Apr 03, 2020

CANADA STOCKS-TSX futures fall as coronavirus fears deepen
Canada's main stock index futures fell on Friday on fears over the economic impact of the coronavirus pandemic, but losses were limited by a jump in oil prices.

Reuters Company News
Apr 03, 2020

Canada's big banks field half a million mortgage deferral requests
Canada's biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, according to the Canadian Bankers' Association.

Reuters Company News
Apr 03, 2020

UPDATE 2-U.S. sounds alarm on coronavirus in Japan, Tokyo pushes for state of emergency
* Govt calls on regions to reserve hospital beds for severe cases

Reuters Company News
Apr 03, 2020

UPDATE 1-Ford says Europe manufacturing ops to remain suspended at least until May 4
Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites to May 4.

Reuters Company News
Apr 03, 2020

Trump to host Big Oil execs at White House to discuss market slump
U.S. President Donald Trump will meet with oil company executives at the White House on Friday to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war.

Reuters Company News
Apr 03, 2020

PRESS DIGEST- Canada- April 3
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Reuters Company News
Apr 03, 2020

UPDATE 1-AutoNation car sales crash, nearly 30% staff furloughed
AutoNation Inc said on Friday sales of new and used vehicles halved in the last two weeks of March due to global coronavirus-led lockdowns, forcing the company to place about 7,000 employees on unpaid leave.

Reuters Company News
Apr 03, 2020

South Africa, Turkey CDS surge to highest since financial crisis
The cost of insuring exposure to Turkey and South Africa's sovereign debt soared to their highest since the global financial crisis on Friday, as worries continued about their vulnerability to the coronavirus fallout.

Reuters Company News
Apr 03, 2020

Coronavirus causes 60% rise in online shopping in Finland
E-commerce orders soared 60% in the last two weeks in March as the coronavirus epidemic hit Finland, e-store platform maker Vilkas Group said on Friday, basing its estimate on the sales figures of more than 2,000 Finnish online shops.

Reuters Company News
Apr 03, 2020

UPDATE 1-Tullow Oil has $700 mln liquidity, cuts capex to $300 mln
Tullow Oil's lenders have approved the size of its reserves-based lending facility at $1.9 billion, giving the group $700 million of undrawn loans and cash at the start of the second quarter, it said on Friday.

Reuters Company News
Apr 03, 2020

Coronavirus threatens to knock S.Korea off 5G leadership perch
South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns.

Reuters Company News
Apr 03, 2020

UPDATE 1-Google releases location data to show if coronavirus lockdowns working in 131 countries
* Link for Google data: https://www.google.com/covid19/mobility/

Reuters Company News
Apr 03, 2020

UPDATE 4-Airline industry braces for lengthy recovery from coronavirus crisis
* International seat capacity at 23% of 2019 levels - ForwardKeys

Reuters Company News
Apr 03, 2020

Tullow Oil has $700 mln liquidity, cuts capex to $300 mln
Tullow Oil's lenders have approved the size of its reserves-based lending facility at $1.9 billion, giving the group $700 million of undrawn loans and cash at the start of the second quarter, it said on Friday.

Reuters Company News
Apr 03, 2020

GM delivered 461,716 units in Q1 in China, down 43.3% y/y
General Motors Co's vehicle sales in China fell 43.3% in the first three months this year compared with the same period last year, as the coronavirus pandemic hit the world's biggest auto market.

Reuters Company News
Apr 03, 2020

GLOBAL MARKETS-Oil, shares slip as investors doubtful over Saudi-Russia deal
* S&P500 futures fall 0.7% after energy driven overnight gain

Reuters Company News
Apr 03, 2020

RPT-Novartis, Incyte join repurposing wave to give Jakavi a trial run in COVID-19
Novartis and Incyte plan to test their drug Jakavi in patients with coronavirus-caused COVID-19, joining other firms including Roche and Sanofi hoping to repurpose older medicines to help critically ill patients.

Reuters Company News
Apr 03, 2020

Novartis, Incyte join repurposing wave to give Jakavi a trial run in COVID-19
Novartis and Incyte plan to test their drug Jakavi in patients with coronavirus-caused COVID-19, joining other firms including Roche and Sanofi hoping to repurpose older medicines to help critically ill patients.

Reuters Company News
Apr 03, 2020

Japan's Unizo hotel chain says taken over by U.S. fund Lone Star
Japanese hotel chain Unizo Holdings Co Ltd said on Friday U.S. buyout fund Lone Star had succeeded in buying out the company.

Reuters Company News
Apr 03, 2020

China regulator condemns Luckin Coffee financial misconduct, says will investigate
China's securities regulator said on Friday it strongly condemns financial misconduct by Luckin Coffee.

Reuters Company News
Apr 03, 2020

British supermarket Sainsbury's to remove most customer purchasing limits
British supermarket group Sainsbury's said on Friday it would start to remove the customer purchasing limits it imposed as a response to increased demand during the coronavirus emergency.

Reuters Company News
Apr 03, 2020

Google releases location data to show if coronavirus lockdowns working in 131 countries
Alphabet Inc's Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein the spread of the novel coronavirus.

Reuters Company News
Apr 03, 2020

Sanofi and Regeneron's Dupixent shows more encouraging results
Healthcare companies Sanofi and Regeneron announced on Friday more encouraging results for their Dupixent product used to treat severe atopic dermatitis, often commonly known as eczema.

Reuters Company News
Apr 03, 2020

UPDATE 2-Mexico stops brewing Corona beer, deemed non-essential in epidemic
Mexico's Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government order aimed at curbing the spread of the coronavirus.

Reuters Company News
Apr 03, 2020

Fed's dilemma: Picking winners for $4 trillion in credit
When the Federal Reserve polled Wall Street about financial stability risks last fall, "global pandemic" didn't make the list.

Reuters Company News
Apr 03, 2020

As oil sinks, some companies float idea of 'zero clause' in trades
After the worst quarter for oil prices in history, some oil producers have begun to include protection in their contracts to avoid being forced to pay buyers for the oil they pump if prices slide below $0 a barrel.

Reuters Company News
Apr 03, 2020

Investors look to China for a glimpse of life after coronavirus
* Investors see social changes helping online businesses thrive

Reuters Company News
Apr 03, 2020

PRESS DIGEST- New York Times business news - April 3
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

Reuters Company News
Apr 03, 2020

French and Benelux stocks-Factors to watch
Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.

Reuters Company News
Apr 03, 2020

UPDATE 3-Airline industry braces for lengthy recovery from coronavirus crisis
* International seat capacity at 23% of 2019 levels - ForwardKeys

Reuters Company News
Apr 03, 2020

PRESS DIGEST- Wall Street Journal - April 3
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

Reuters Company News
Apr 03, 2020

Nissan Vietnam to close plant due to coronavirus containment measures
Nissan Vietnam will shut down its plant for two weeks amid a nationwide social distancing campaign to curb the spread of the coronavirus, the company said on Friday.

Reuters Company News
Apr 03, 2020

UPDATE 1-Mexico stops brewing Corona beer, deemed non-essential in epidemic
Mexico's Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government order aimed at curbing the spread of the coronavirus.

Reuters Company News
Apr 03, 2020

METALS-London copper eases but on track for first weekly gain in six
London copper fell Friday on dampened investor sentiment as the coronavirus pandemic spread to infect over a million people, but the metal contract was still on track for its first weekly gain in six weeks.

Reuters Company News
Apr 02, 2020

GLOBAL MARKETS-Oil, shares slip on doubts over Saudi-Russia deal
* S&P500 futures fall 0.7% after energy driven overnight gain

Reuters Company News
Apr 02, 2020

As coronavirus cases rise, Japan urges hospital beds be saved for the severely ill
* Interactive graphic tracking global spread of coronavirus: open https://tmsnrt.rs/3aIRuz7 in an external browser.

Reuters Company News
Apr 02, 2020

Nearly 100 Uniqlo shops in Tokyo to close this weekend
Japanese fashion group Fast Retailing said on Friday that it was temporarily closing around 100 of its Uniqlo stores in the Tokyo area this weekend amid an increase in coronavirus cases in the city.

Reuters Company News
Apr 02, 2020

Morning News Call - India, April 3
(Morning News Call - India edition will not be published on Monday, April 6 as markets are closed for Mahavir Jayanti) To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04032020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 5:00 pm: RBI to release weekly foreign exchange

Reuters Company News
Apr 02, 2020

Vietnam's Dung Quat oil refinery cuts output on virus-hit demand
Vietnam's Dung Quat oil refinery plans to cut output because of weaker domestic fuel demand caused by the coronavirus oubreak, the facility's operator said on Friday.

Reuters Company News
Apr 02, 2020

CORRECTED-UPDATE 1-Cathay Pacific to make further cuts to flights -internal memo
* Cargo revenues tracking below last year due to passenger cuts

Reuters Company News
Apr 02, 2020

Dave & Buster's explores stake sale to buyout firms-sources
Dave & Buster's Entertainment Inc is in talks with private equity firms about a potential stake sale, after the coronavirus forced the U.S. restaurant and arcade chain to shut its venues, people familiar with the matter said on Thursday.

Reuters Company News
Apr 02, 2020

UPDATE 4-Two cruise ships dock in Florida after coronavirus ordeal
An ocean liner forced by a deadly onboard coronavirus outbreak to languish at sea since mid-March pulled into a South Florida port on Thursday, after authorities settled plans for the vessel and its sister ship to dock and most passengers to come ashore.

Reuters Company News
Apr 02, 2020

Health care, oil firms buoy Japan stocks ahead of U.S. payrolls
Japanese shares rose on Friday lifted by health care and energy firms, but investor refrained from aggressive bets ahead of U.S. unemployment data later in the day.

Reuters Company News
Apr 02, 2020

Fujifilm says new coronavirus test can produce results in two hours
Fujifilm Holdings Corp said it has developed a new test for the novel coronavirus that reduces the results time to about two hours.

Reuters Company News
Apr 02, 2020

GRAINS-Wheat rebounds from near 2-week low, but set for 4.5% weekly fall
U.S. wheat futures rebounded on Friday from a near two-week low, although the grain remained on course for weekly losses of more than 4% on weak demand for North American supplies and fears about a prolonged coronavirus pandemic.

Reuters Company News
Apr 02, 2020

UPDATE 1-Trump says 3M 'will have a big price to pay' over face masks
President Donald Trump slammed 3M Co in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

Reuters Company News
Apr 02, 2020

UPDATE 8-Americans urged to wear masks outside as coronavirus pandemic worsens
The Trump administration on Thursday looked set to join local officials in advising Americans to wear masks when venturing out during the still-exploding coronavirus pandemic, as the U.S. death toll rose by 1,000 in a single day for the first time.

Reuters Company News
Apr 02, 2020

Boeing to temporarily suspend Philadelphia area operations amid coronavirus outbreak
Boeing Co said on Thursday it will temporarily suspend production at facilities in Ridley Township, Pennsylvania, amid the ongoing coronavirus pandemic, adding that the suspension will last two weeks, with work to resume on April 20.

Reuters Company News
Apr 02, 2020

Cathay Pacific to make further cuts to flights -internal memo
Hong Kong's Cathay Pacific Airways Ltd will make further cuts to passenger capacity due to extremely low demand for flights, leaving it with just two flights a week each to four destinations in April, according to an internal memo.

Reuters Company News
Apr 02, 2020

Samsung Electronics shuts U.S. factory after two coronavirus cases
Samsung Electronics said on Friday that it has suspended its home appliance factory in the United States after two of its workers had tested positive for coronavirus.

Reuters Company News
Apr 02, 2020

UPDATE 1-Petrobras says talks among Russia, Saudi Arabia, U.S. 'irrelevant' for oil prices
Recent negotiations involving leaders from major oil-producing nations and the United States will prove irrelevant for oil prices, which are low because of depressed demand, the chief executive of Brazil's Petrobras said on Thursday evening.

Reuters Company News
Apr 02, 2020

UPDATE 7-Americans urged to wear masks outside as coronavirus pandemic worsens
The Trump administration appeared to join local officials on Thursday in advising Americans to wear masks when venturing out during the still-exploding coronavirus pandemic, as the U.S. death toll rose by 1,000 in a single day for the first time.

Reuters Company News
Apr 02, 2020

UPDATE 1-Airline industry braces for prolonged recovery from coronavirus crisis
* International seat capacity at 23% of 2019 levels - ForwardKeys

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