Gutted factories, rusting pickaxes and crumbling homes that will soon be abandoned dot the scarred hills in Mentougou -- home to Beijing's last coal mine slated to close this year as the city battles chocking smog.
Walt Disney Co , JPMorgan Chase & Co and United Parcel Service Inc were among seven major U.S. companies that accepted a big rise in their borrowing costs to issue bonds on Thursday, as the coronavirus outbreak roiled credit markets.
Asian shares sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done.
Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.
Dunkin' Brands Group Inc on Thursday said it will ease royalty and advertising fee payments for franchisees in the United States and Canada, while McDonald's Corp is in talks to reduce some payments for franchisees.
The board of French carmaker Renault will meet on Friday to discuss the coronavirus outbreak and its effect on operations, three sources close to the company said.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon's recovery from recent heart surgery is going well and the face of the U.S. banking industry could be back to work as soon as mid-April, a source said on Thursday.
French luxury goods maker LVMH , which last year agreed to buy Tiffany & Co for US$16.2 billion, is considering buying shares of the U.S. jeweler for less on the open market, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-03-19/lvmh-is-said-to-consider-buying-tiffany-shares ...
WELLINGTON: The government in Wellington on Friday (Mar 20) announced an NZ$900 million (US$515 million) loan deal with Air New Zealand to help the flag carrier survive the coronavirus crisis. "Without this intervention, New Zealand was at risk of not having a national airline," Finance Minister ...
NEW YORK: Wall Street stocks finished higher on Thursday (Mar 19) following a volatile session as investors weighed massive government stimulus measures being proposed against some of the first data showing the sharp US economic slowdown underway. The Dow Jones Industrial Average gained 0.95 per ...
