General Electric Co offered on Monday to buy back at least $9 billion in debt as part of a plan to cut its financial risk and manage liquidity in response to the downturn in business caused by the coronavirus pandemic.
Ford Motor Co said on Monday it is producing face masks at a Michigan plant to protect its workers from the coronavirus pandemic and is seeking to have those masks certified for medical use.
The economic fallout from the coronavirus could be coming for your retirement plans. Depending on your work prospects, that could mean retiring much earlier or later than you had originally planned.
Oil prices gained 2% on Monday following a record deal among oil producers to cut the rapid rise in supply, a muted impact on the market as the coronavirus pandemic hammers demand.
The global oil production deal clinched at the weekend will help establish a price floor and save millions of jobs in the United States, senior Russian officials said on Monday.
Stocks on Wall Street slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut.
Oil prices were mixed on Monday, as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about the demand destruction brought on by the coronavirus pandemic.
U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity and collateral, people briefed on the matter said.
The Toronto Centre | Apr 13, 2020 This session is designed for financial sector regulators and supervisors, central bankers, officials from ministries of finance, the IMF and the World Bank, international development agencies, non-governmental organizations, and the private sector. Technological innovation is transforming the provision of financial services and products. Payment services have seen significant
U.S. stocks fell in subdued trading on Monday after a strong rally last week, as U.S. companies prepared to kick off a widely expected painful quarterly earnings season due to the coronavirus pandemic.
The U.S. Treasury Department is holding firm on the terms of a $25 billion offer for government aid to airlines to help them meet payroll during the coronavirus downturn, officials said on Monday, and the plan could give the government more than 3% of American Airlines Group Inc .
The IRS pushed a pile of tax filing and payment deadlines to July 15. But if you've already scheduled a payment to Uncle Sam for April 15, you have only hours to change the date.
With much of the world living in lockdown, the spread of the new coronavirus, SARS-CoV-2, that was first detected in China late last year is beginning to slow in some places. As of April 12, 1.8 million had been infected and 115,000 killed by COVID-19, the disease caused by the virus.
The Dow and S&P 500 fell on Monday after last week's strong gains, as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.
The Guardian | Miles Brignall | Apr 12, 2020 The government has admitted that just 1.4% of businesses that enquired about its coronavirus business interruption loan scheme (CBILS) have so far been successful. Almost three weeks after the chancellor, Rishi Sunak, first launched the scheme to help small and medium-sized businesses with loans and other