Économie
US stocks slip the day after coronavirus-fueled dive
For the second time in just three days, the market plunged the most percentage-wise since October 19, 1987. "It's pretty clear that there is potentially more downside to come", said Henrik Johnsson, global co-head of capital markets at Deutsche Bank AG, told Bloomberg TV. [Full Article...]
GM, Ford and FCA agree to shut down all North America plants
GM CEO Mary Barra said, "We have been taking extraordinary precautions around the world to keep our plant environments safe and recent developments in North America make it clear this is the right thing to do now". It is not known how long the shutdowns will last. The company confirmed the closure in a statement issued Wednesday afternoon. Less than 24 hours later, FCA shutdown the Sterling ... [Full Article...]
Qantas to slash 90% of global capacity as new virus restrictions bite
In a statement, the airlines said the changes were due to a drop in travel demand due to coronavirus , and meant grounding about 150 aircraft. Tourism Minister Simon Birmingham said at the weekend that airlines had enough cash reserves to remain viable for now, but did not rule out a bailout to stop Qantas and other carriers going under. [Full Article...]
Uber suspends pooled rides in U.S., Canada to limit coronavirus spread
Uber Technologies Inc. and Lyft Inc. suspended their shared carpool services in the US and Canada in a bid to slow the coronavirus pandemic by encouraging social distancing. "Our goal is to help flatten the curve of community spread in the cities we serve", Senior Vice President of Uber Rides and Platform Andrew Macdonald said in a statement. [Full Article...]
RBNZ governor says not expecting negative interest rates at this point
He said the real challenge would be using other tools rather than just the interest rate tool. In turn, the New Zealand Dollar may face a more bearish fate as the RBNZ endorses a dovish forward guidance, and NZD/USD may continue to carve a series of lower highs and lows over the coming days as the Relative Strength Index (RSI) sits in oversold territory. [Full Article...]
Gold gets 'groove back' as central banks seek to bolster growth
Trump's basic frustration is that the central bank, whose mandate is to keep the U.S. economy in good health over the long term, has not been as aggressive in easing the monetary policy stance as he would like it to. Chairman Jerome Powell, in a conference call with reporters, said the Fed's purchases are meant to ensure that credit markets function properly. The coordinated response from the Fed ... [Full Article...]
JetBlue bans passenger who tested positive for coronavirus on flight
According to The Palm Beach Post , the flight in question was the JetBlue Flight 253 from JFK International Airport in NY to Palm Beach International Airport in Florida, which touched down on Wednesday night at 8:37 p.m was found to be positive with the COVID-19. [Full Article...]
‘Elderly hour’ in Aussie stores as panic-buying continues
To enter during 7am-8am, shoppers will need to present the relevant Government issued concession card. Woolworths Supermarkets managing director, Claire Peters , said many of its elderly customers have been missing out on essential items when they shop and it's aimed at helping them purchase essential items in a less crowded environment. [Full Article...]
Coronavirus: Chancellor Announces £330bn Loans for Businesses, Mortgage Holidays
Britain said it would offer 330 billion pounds ($399 billion) of loan guarantees, equal to 15% of its gross domestic product, and other measures to help struggling business as it ramped up its attempt to fight the economic hit from coronavirus . [Full Article...]
Coronavirus devastates China's economy and the 'nightmare' is not over
Private sector investment dived 26.4 percent from a year earlier. Average new home prices in China's 70 major cities were unchanged in February from a month earlier, compared with January's 0.2% rise, Reuters calculated from official data on Monday. [Full Article...]
Australian parents confused by Government's coronavirus 'safety guidelines'
Three horses from Japan, including $6.50 Doncaster Mile favourite Mozu Ascot , who is trained by Cox Plate winning trainer Yoshito Yahagi, are scheduled to arrive in Australia but it's highly doubtful they will be coming unless racing authorities can find a resolution to satisfy the travel restrictions which have been put in place. [Full Article...]
Dow Plunges 2200 Points, Trading Halted After Fed Slashes Rates
Futures trading on Sunday hinted that another bloodbath was coming on. This is the third time that so-called circuit breakers (trading curbs) have tripped in the last few days. The chamber said in a statement accompanying the letter that acting quickly could "mitigate the potentially devastating economic effects" of the virus' spread. [Full Article...]
TUI to apply for state aid, suspend most travel operations
Demand for flights was drying up "in ways that are completely unprecedented", the centre said. "Normality is not yet on the horizon", it said. It has urged governments to prepare for the broad economic consequences of travel restrictions they impose and to respond quickly to the financial frailty of airlines, while also following the recommendations of the World Health Organisation. [Full Article...]
'Life continues,' says Brazil's Bolsonaro after negative coronavirus test
While the Brazilian communications chief was photographed with the American president, Bolsonaro sat beside Trump during the meeting. Trump and Vice President Mike Pence "had nearly no interactions with the individual" during Bolsonaro's trip to a Trump golf club in Florida last weekend. [Full Article...]
YES Bank AT1 bonds worth Rs 8,415 crore written down to zero
The heavy reverses on corporate lending - almost a third of the overall loans have turned sour - have probably led the new management led by Kumar to earmark focus on retail and small business loans as a priority going forward, according to its investor presentation. [Full Article...]
Coronavirus: US slashes rates and launches huge stimulus programme
To support smooth functioning in the Treasury and mortgage backed securities market, the Fed said it would lift its holdings of Treasury securities by at least $500 billion and of MBS by at least US$200 billion. The cash will be added to money markets through a three-month market repurchase agreement, or repo, operation. It will now buy other bonds on top of the billions of dollars of short-term... [Full Article...]
Oil swings intensify on deepening price war between producers
Cooperation between Moscow and Riyadh dramatically collapsed last week after Russian Federation refused to support deeper oil output cuts desired by Saudi Arabia to fight falling oil demand as a result of the spread of the coronavirus outbreak . [Full Article...]
Eastern Airways moves in to reconnect Southampton from Belfast City
The airline stepped in to fulfil the busy route after announcing on Monday that it was creating a six-times weekly Belfast to Teeside International Airport flight. Belfast has always been one of our most in-demand destinations, and importantly this will once again enable vital regional connectivity with Northern Ireland. [Full Article...]
L'UE "désapprouve" la décision "unilatérale" de Trump d'interdire l'entrée aux Européens
La mesure vise à freiner la pandémie de coronavirus qui touche plus de 1 200 personnes dans le pays. Donald Trump , assure répondre à la menace " avec une grande rapidité et un grand professionnalisme ". Elle a perdu 10% en Bourse dans la matinée de ce jeudi. Tout ce qui vient d'Europe vers les États-Unis est ce dont nous discutons. Le baril de Brent, référence européenne, pour mai, abandon... [Full Article...]
Public schools to stay closed for limited-time after March Break
The government also warns that Canadian travellers can expect increased health screening when they arrive at global destinations. Gatherings that draw a large number of people, including sporting and cultural events, have been cancelled around the world to prevent the spread of the virus from close contact as "social distancing" becomes the norm and people make a conscious effort to reduce close... [Full Article...]