|
Apr 03, 2020
* Govt assumes right to order firms to make protective gear
(Adds comments from government news conference)
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|
Apr 03, 2020
* Finance ministry mulls more borrowing - source
(Adds details, quotes, background)
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
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|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* Indexes down: Dow 1.49%, S&P 1.23%, Nasdaq 1.16%
(Updates to open)
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* Finance ministry mulls more borrowing - source
(Adds quotes, detail)
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* LME tin inventories jump 24% in one day
(Adds comments on aluminium, graphic, updates prices)
|
|
Apr 03, 2020
* U.S. officials suggest output would decline by itself
(Adds IEA)
|
|
Apr 03, 2020
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv
(Updates prices, adds new comment and news)
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
Chile's Cochilco copper
commission on Friday revised its prediction for the 2020 copper
price down 45 cents to $2.4 per pound.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* LME tin inventories jump 24% in one day
(Updates with official prices)
|
|
Apr 03, 2020
* Link for Google data: https://www.google.com/covid19/mobility/
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* Link for Google data: https://www.google.com/covid19/mobility/
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* ISM services index seen dropping to 44 in March from 57.3
in Feb
|
|
Apr 03, 2020
Willis Towers Watson has put a
brake on its plans for a possible sale of insurance broker
Miller, it said on Friday.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* Govt calls on regions to reserve hospital beds for severe
cases
|
|
Apr 03, 2020
Ford Motor Co on Friday extended
the temporary suspension of vehicle and engine production at
most of its European manufacturing sites to May 4.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* Link for Google data: https://www.google.com/covid19/mobility/
|
|
Apr 03, 2020
* International seat capacity at 23% of 2019 levels -
ForwardKeys
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* S&P500 futures fall 0.7% after energy driven overnight
gain
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
Japanese hotel chain Unizo
Holdings Co Ltd said on Friday U.S. buyout fund Lone
Star had succeeded in buying out the company.
|
|
Apr 03, 2020
China's securities regulator
said on Friday it strongly condemns financial misconduct by
Luckin Coffee.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
When the Federal Reserve
polled Wall Street about financial stability risks last fall,
"global pandemic" didn't make the list.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* Investors see social changes helping online businesses
thrive
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
* International seat capacity at 23% of 2019 levels -
ForwardKeys
|
|
Apr 03, 2020
The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 03, 2020
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.
|
|
Apr 02, 2020
* S&P500 futures fall 0.7% after energy driven overnight
gain
|
|
Apr 02, 2020
* Interactive graphic tracking global spread of coronavirus:
open
https://tmsnrt.rs/3aIRuz7 in an external browser.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
(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
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FACTORS TO WATCH
5:00 pm: RBI to release weekly foreign exchange
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
* Cargo revenues tracking below last year due to passenger
cuts
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
Fujifilm Holdings Corp
said it has developed a new test for the novel coronavirus that
reduces the results time to about two hours.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
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.
|
|
Apr 02, 2020
* International seat capacity at 23% of 2019 levels -
ForwardKeys
|
|
Private Label