What a great morning to start the week. I found out that I was one of 30 Asia’s Top Financial Experts.
You can read more about it at here.
BBC News – Business- Coronavirus: Insurance companies pause dividend paymentsInsurers have followed regulatory advice to scrap dividends during the coronavirus crisis
- Coronavirus: More than 9 million expected to be furloughedNew analysis underlines a surge in demand for the government's Job Retention Scheme.
- Coronavirus: Tesco tells people to visit stores to get foodThe supermarket says there is "simply not enough capacity" to supply everyone with online shopping.
- Investors warned not to rush into travel and leisure stocksCinema chain Cineworld's share price has rocketed almost 50% while cruise ship firm Carnival has risen 22%.
- Coronavirus: Three perspectives on furloughingThree people react to the furloughing scheme put in place in response to the coronavirus outbreak.
- Coronavirus: 'The money isn’t coming in quickly enough' to pay wagesThe boss of DW Fitness First, Martin Long, says he's worried about paying his monthly wage bill
- Lufthansa makes 'permanent' cuts as travel plungesThe German airline will close its Germanwings service and de-commission more than 40 aircraft.
- Coronavirus: What’s life like when you're on furlough?With growing numbers of people being furloughed, how is this affecting them and their employers?
- Coronavirus: Twitter boss pledges $1bn for relief effortJack Dorsey said he would give 28% of his wealth towards efforts to "disarm" the pandemic.
- Investors seize on positive news but rally fadesUS shares shed gains after a global stock market rally.
- Coronavirus: Insurance companies pause dividend payments
- Reuters: Business News
- Oil prices jump as focus swivels to OPEC, Russia meeting on output cutsOil climbed on Wednesday, reversing most of the prior session's losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up prices that have tumbled amid the coronavirus pandemic.
- U.S. oil state senators to talk crude markets with Saudi officials Saturday: sourceRepublican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials on Saturday, a source familiar with the planning said on Tuesday.
- Asian shares poised to follow Wall Street's rocky leadAsian stock futures were under pressure on Wednesday after a late, sharp sell-off on Wall Street and as oil prices slumped under pressure from swelling global supplies.
- Airbnb's new $1 billion investment comes at lower valuation: sourcesAirbnb Inc's new $1 billion investment from private equity firms Silver Lake and Sixth Street Partners has terms that imply a reduced valuation of the home rental company, people familiar with the matter said on Tuesday.
- Wynn, NCR deals a sign of yet more risk returning to bond marketU.S. casino operator Wynn Resorts Ltd and automated teller machines maker NCR Corp jointly raised $1 billion on Tuesday, in the first unsecured junk-rated bond offerings since the market was roiled by the coronavirus outbreak at the start of March.
- Boeing making new 737 MAX software updates to address computer issueBoeing Co said late on Tuesday it will make two new software updates to the 737 MAX's flight control computer as it works to win regulatory approval to resume flights after the jet was grounded following two fatal crashes in five months.
- Levi's coming back to life in China as stores reopen, online sales riseLevi Strauss & Co said on Tuesday a majority of its stores in China, where the coronavirus outbreak first emerged in December, were open with sales recovering on a weekly basis and digital sales rising last month.
- U.S. Treasury talks continue on $25 billion in aviation grantsTalks between U.S. airlines and the Treasury Department over how to award $25 billion in cash grants earmarked for payroll assistance due to the coronavirus outbreak were set to continue into the evening Tuesday, people briefed on the matter said.
- Amazon to suspend delivery service competing with UPS, FedExAmazon.com Inc will suspend a delivery service that aims to compete with UPS and FedEx in the United States.
- KKR sets up $50 million international coronavirus relief fundKKR & Co Inc has established a $50 million global relief fund to help people affected by the new coronavirus, according to a letter the U.S. private equity firm sent to its investors on Tuesday.
- Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts