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Some states could lift coronvirus restrictions sooner than others: ASX poised to open lower

Some states could lift coronvirus restrictions sooner than others: ASX poised to open lower

08 Apr 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. Britain and New York state have reported their worst daily death tolls since the coronavirus pandemic began. Back home, Prime Minister Scott Morrison...
Finance News Network
Stocks erase stellar gain to close lower

Stocks erase stellar gain to close lower

The Dow gave up a more than 900-point rally to close the day lower in volatile trade. Conway G. Gittens has the numbers.
Reuters Business
A ski town key to COVID-19 antibody testing?

A ski town key to COVID-19 antibody testing?

Tucked away in Colorado is a community of 8,000 that one U.S. biotech company is using as a prototype for coronavirus antibody testing, that could be crucial as the U.S. fights the spread of the contagion. Gavino Garay has more.
Reuters Business
Too early to call a bottom: analyst

Too early to call a bottom: analyst

Stocks historically spend some time churning before they mark a bottom, notes DataTrek Research co-founder Nick Colas. The cavalry came early when policymakers approved stimulus measures, but the battle isn't over yet, he adds.
Reuters Business
Travel slump could cost 25 million jobs - IATA

Travel slump could cost 25 million jobs - IATA

The global travel slump could cost 25 million jobs worldwide according to air travel industry body IATA.
Reuters Business
Walgreens to launch 15 mobile coronavirus testing sites

Walgreens to launch 15 mobile coronavirus testing sites

Walgreens Boots Alliance is launching 15 'drive thru' coronavirus testing sites in the U.S. The tests are able to produce results in a matter of minutes. Conway G. Gittens has the details.
Reuters Business
Exxon cuts capital spending by 30%

Exxon cuts capital spending by 30%

Exxon Mobil Corp throttled back a multi-year investment in shale, natural gas and deep water oil production Tuesday. As Fred Katayama reports, the largest U.S. oil producer said it will cut planned capital spending by 30% this year as the coronavirus
Reuters Business
Britain's supermarkets fear they'll struggle to meet demand

Britain's supermarkets fear they'll struggle to meet demand

Britain's big supermarkets fear they won't be able to supply the country's 60 million people without longer opening hours or a relaxation of social distancing rules introduced to curb the spread of the coronavirus. Ciara Lee reports
Reuters Business
Dairy Farmers Impacted by COVID-19

Dairy Farmers Impacted by COVID-19

Dairy Farmers in Arizona are faced with an unexpected surplus of milk after grocery stores limited purchase quantities and other dairy selling vendors closed.
Stringr
U.S. Oil Services Industry Will Be 'Crushed' Without Cuts, Parsley CEO Says

U.S. Oil Services Industry Will Be 'Crushed' Without Cuts, Parsley CEO Says

Parsley Energy Inc. is willing to cut production 20% if others in the oil services industry cut output too, Chief Executive Officer Matt Gallagher says in an interview with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
5mins
Bloomberg
Nigeria seeks billions from lenders for coronavirus fight

Nigeria seeks billions from lenders for coronavirus fight

Nigeria has requested nearly $7 billion for multilateral lenders as Africa's biggest economy, already hit by tumbling oil prices, tries to tackle the impact of the coronavirus epidemic.
Reuters Business
Fed Can and Should Take More Risk Than It Did During '08 Crisis, Tarullo Says

Fed Can and Should Take More Risk Than It Did During '08 Crisis, Tarullo Says

Former Federal Reserve Governor Daniel Tarullo says the Fed should take on more risk amid the coronavirus pandemic than it did during the financial crisis of 2008.
1min
Bloomberg
Schwarzman on $15M Donation to New York, Economic Fallout From Virus

Schwarzman on $15M Donation to New York, Economic Fallout From Virus

Blackstone Group Inc. Chairman and Chief Executive Officer Stephen Schwarzman discusses the firm's $15 million donation to New York first responders and the economic fallout from the coronavirus pandemic.
11mins
Bloomberg
Bargain Hunters Eye Distressed Real Estate Assets

Bargain Hunters Eye Distressed Real Estate Assets

Americans hurt by the coronavirus pandemic are skipping home-loan payments, and the trusts that own the mortgages are feeling the pain. Opportunistic funds have noticed.
2mins
Bloomberg
Schwarzman Sees Virus Pandemic Causing $5 Trillion Hit to U.S. Economy

Schwarzman Sees Virus Pandemic Causing $5 Trillion Hit to U.S. Economy

Blackstone Group Inc. Chairman and Chief Executive Officer Stephen Schwarzman says the coronavirus pandemic will cause a huge disruption to the U.S. economy but it will be temporary because of the federal government's recent stimulus efforts.
3mins
Bloomberg
U.K. PM Boris Johnson Taken to ICU

U.K. PM Boris Johnson Taken to ICU

Tina Fordham, Partner and Head of Global Political Strategy at Avonhurst, discusses the future of the U.K. as Boris Johnson's coronavirus symptoms worsen
9mins
Bloomberg
Johns Hopkins Rebucci on Unprecedented Decline in Emerging Markets

Johns Hopkins Rebucci on Unprecedented Decline in Emerging Markets

Alessandro Rebucci, Johns Hopkins University Carey Business School Associate Professor of Finance & Economics, discusses the coronavirus will create an unprecedented economic decline in emerging markets.
3mins
Bloomberg
EM Facing 'Extreme Strain' as Virus Intensifies: Johns Hopkins' Rebucci

EM Facing 'Extreme Strain' as Virus Intensifies: Johns Hopkins' Rebucci

Johns Hopkins Carey Business School Associate Professor of Economics and Finance Alessandro Rebucci examines the impact of the coronavirus pandemic on emerging markets, the global mortgage market, and Italian debt. He speaks on "Bloomberg Surveill...
3mins
Bloomberg
Pelosi Targets $1 Trillion or More for Next Round of Stimulus

Pelosi Targets $1 Trillion or More for Next Round of Stimulus

House Speaker Nancy Pelosi told Democrats on a private conference call on Monday that the next round of stimulus from Congress aimed at the coronavirus pandemic will be at least another $1 trillion.
1min
Bloomberg
Stocks climb again on hopes virus crisis is easing

Stocks climb again on hopes virus crisis is easing

European and Asian stocks climbed again Tuesday on hopes that the virus crisis may have peaked in many key markets.
Reuters Business
Second Quarter Data to Be 'Not So Dissimilar' to Great Depression: King

Second Quarter Data to Be 'Not So Dissimilar' to Great Depression: King

"Economic forecasting is incredibly hazardous at this stage," says Stephen King, senior economic adviser at HSBC, as he assesses the economic damage of the coronavirus pandemic.
3mins
Bloomberg
Dollar May Suffer as Risk Sentiment Improves: Credit Agricole's Marinov

Dollar May Suffer as Risk Sentiment Improves: Credit Agricole's Marinov

"The safe haven appeal of the dollar is fading," says Valentine Marinov, head of G10 FX research and strategy at Credit Agricole.
3mins
Bloomberg
Samsung Q1 beats estimates; chips likely to prop up virus-hit Q2

Samsung Q1 beats estimates; chips likely to prop up virus-hit Q2

Samsung Electronics said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic to smartphones and TVs. Ciara Lee reports
Reuters Business
Duisport's CEO: Optimistic Cargo Shipments Will Be Good This Month

Duisport's CEO: Optimistic Cargo Shipments Will Be Good This Month

Erich Staake, chief executive officer at Duisport Group, discusses the impact of coronavirus on trade, shipping routes and supply chains and automation in the industry.
4mins
Bloomberg
Streaming service Quibi launches to housebound audiences

Streaming service Quibi launches to housebound audiences

A new streaming service called Quibi launched to housebound audiences on Monday, delivering movies, reality shows and news to mobile devices in chunks of ten minutes or less. Gloria Tso has more.
Reuters Business
Food security fears stoked as exporters curb sales

Food security fears stoked as exporters curb sales

Global food security concerns are mounting as some governments contemplate restricting the flow of staple foods with around a fifth of the world’s population under lockdown to fight the widening coronavirus pandemic.
Reuters Business
IMF to Double Emergency Funding to Help Poorer Countries

IMF to Double Emergency Funding to Help Poorer Countries

International Monetary Fund Kristalina Georgieva discusses plans to double emergency funding to help poorer nations combat the coronavirus pandemic. She spoke during a World Health Organization briefing on March 3.
3mins
Bloomberg
Accor Plans to Rehire All Staff, Reopen Hotels After Virus

Accor Plans to Rehire All Staff, Reopen Hotels After Virus

Accor SA Chief Executive Officer Sebastien Bazin says he's fighting to make sure the hotel group's operations are in shape when the rebound happens following the coronavirus pandemic. Accor has laid off 220,000 employees around the world due to th...
8mins
Bloomberg
Potential trigger points with Michael Fagan

Potential trigger points with Michael Fagan

Chairman of Levitas Capital, Mike Fagan, speaks today with CEO of Boardroom.Media William Canty about potential trigger points for the next phase of the Covid-19 pandemic.
Boardroom Media
Leadership and managing performance through culture with Michael Fagan

Leadership and managing performance through culture with Michael Fagan

Chairman of Levitas Capital, Michael Fagan, speaks today with CEO of Boardroom.Media William Canty about leadership and managing performance through culture.
Boardroom Media
Volatility and Repo Markets with Michael Fagan

Volatility and Repo Markets with Michael Fagan

Chairman of Levitas Capital, Mike Fagan, speaks today with CEO of Boardroom.Media William Canty about repo markets and current market volatility.
12mins
Boardroom Media
Responding to crisis and workplace culture with Michael Fagan

Responding to crisis and workplace culture with Michael Fagan

Chairman of Levitas Capital, Michael Fagan, speaks today with CEO of Boardroom.Media William Canty about responding to crisis and workplace culture.
Boardroom Media
Levitas Capital and Economic Survival

Levitas Capital and Economic Survival

Chairman of Levitas Capital, Mike Fagan, speaks today with CEO of Boardroom.Media William Canty about Levitas Capital and economic survival in a time of crisis.
Boardroom Media
Raab Deputizes as U.K. Struggles to Get a Grip on Virus

Raab Deputizes as U.K. Struggles to Get a Grip on Virus

U.K. Foreign Secretary Dominic Raab is deputizing for Boris Johnson, who remains in intensive care while his government struggles to get a grip on the coronavirus pandemic. The 55-year-old prime minister was taken to hospital on Sunday for tests a...
5mins
Bloomberg
Extending Lockdown in Philippines Is Right Move: International Container Terminal Services

Extending Lockdown in Philippines Is Right Move: International Container Terminal Services

Enrique Razon, chairman at International Container Terminal Services, discusses how the lockdown in the Philippines from coronavirus stalled container ship movement and the new measures to decongest the ports.
7mins
Bloomberg
Trump: Had a Wonderful, Warm Conversation With Joe Biden

Trump: Had a Wonderful, Warm Conversation With Joe Biden

President Donald Trump discusses his call with former Vice President Joe Biden about the coronavirus pandemic. He spoke at a briefing at the White House.
1min
Bloomberg
Trump Disputes Report on Hospital Shortages

Trump Disputes Report on Hospital Shortages

President Donald Trump disputed a U.S. government watchdog's findings that hospitals are suffering widespread shortages of coronavirus test kits and protective gear. He speak at a briefing in the White House.
1min
Bloomberg
China Reports No New Deaths From Coronavirus

China Reports No New Deaths From Coronavirus

China has reported no new deaths from coronavirus for the first time since the pandemic began. That adds to signs that the crisis could be easing in certain areas with Italy, France, Spain and Germany reporting lower numbers of new cases while dea...
4mins
Bloomberg
Singapore Trying to Crash Down Transmission of Virus, Education Minister

Singapore Trying to Crash Down Transmission of Virus, Education Minister

Singapore Minister for Education Ong Ye Kung discusses Singapore's new measures to combat coronavirus and its impact on the economy.
9mins
Bloomberg
Strong start stunted by trade data: Aus shares 0.1% higher at noon

Strong start stunted by trade data: Aus shares 0.1% higher at noon

07 Apr 2020 - The Australian share market rose at the open following positive leads from Wall Street. The S&P/ASX 200 index tracking 0.1 per cent or 8 points higher at 5,294. The GPT Group (ASX:GPT) today announced that all properties in the GPT W...
Finance News Network
U.S. Mask Export Ban Faces Backlash

U.S. Mask Export Ban Faces Backlash

President Donald Trump's move to restrict exports of face masks and other protective equipment is drawing a backlash from across the world. White House Adviser Peter Navarro says that the administration is using powers under the Korean War-era def...
2mins
Bloomberg
BeiGene CEO on Coronavirus Impact, China Biopharma, Product Pipeline

BeiGene CEO on Coronavirus Impact, China Biopharma, Product Pipeline

John Oyler, chairman and chief executive officer at BeiGene Ltd., discusses how coronavirus has impacted the business and his outlook for China's Biopharma sector.
8mins
Bloomberg
PolyNovo (ASX:PNV) see a record sales month in the US

PolyNovo (ASX:PNV) see a record sales month in the US

07 Apr 2020 - PolyNovo (ASX:PNV) report sales for the March 2020 quarter were 166 per cent greater than the March 2019 quarter ($1.69 million v. $4.49 million).
Finance News Network
QBE Insurance Group (ASX:QBE) appoint new CEO, International

QBE Insurance Group (ASX:QBE) appoint new CEO, International

07 Apr 2020 - QBE Insurance Group (ASX:QBE) has appointed Jason Harris as Chief Executive Officer, International, succeeding Richard Pryce who intends to retire at the end of this year.
Finance News Network
Virus Is Trending Bad in Japan, Says Temple University's Kingston

Virus Is Trending Bad in Japan, Says Temple University's Kingston

Jeff Kingston, director of Asian studies at Temple University, discusses Japan's emergency declaration and Prime Minister Shinzo Abe's stimulus measures.
3mins
Bloomberg
Samsung First Quarter Profit Beats Estimates

Samsung First Quarter Profit Beats Estimates

Samsung reported better than expected profits in the first quarter as Covid-19 boosted chip orders from data centers helping connect millions of people stuck at home globally.
3mins
Bloomberg
Abe to Declare Japan Emergency

Abe to Declare Japan Emergency

Japanese Prime Minister Shinzo Abe says he's ready to declare a state of emergency in seven prefectures across the country. He also announced a massive stimulus package as the nation braces for a surge in coronavirus cases.
3mins
Bloomberg
ARB (ASX:ARB) reduces management and board renumeration

ARB (ASX:ARB) reduces management and board renumeration

07 Apr 2020 - Vehicle accessories company ARB (ASX:ARB) has made moves to reduce board and management renumeration.
Finance News Network