U.S. casino operator Wynn Resorts Ltd and automated teller machines maker NCR Corp jointly raised US$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.
Asian 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.
Levi 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.
Boeing 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.
Airbnb Inc is planning to terminate a US$1 billion credit facility following an investment of the same amount it secured from private equity firms Silver Lake and Sixth Street Partners, people familiar with the matter said on Tuesday.
Roughly US$70 billion of a US$350 billion pot of loans to cover the payrolls of ailing small businesses have been originated by U.S. lenders in recent days, President Donald Trump said on Tuesday, adding that that money was "essentially loaned."
REUTERS: Amazon.com Inc has put on hold a new delivery service that competes with UPS and FedEx, the Wall Street Journal reported on Tuesday (Apr 7), citing people familiar with the matter. Amazon is suspending the service because it needs people and capacity to handle a surge in its...
Amazon.com Inc has put on hold a new delivery service that competes with UPS and FedEx, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Analysts in advanced economies are reckoning with a phenomenon familiar to fragile or failed states – a total economic standstill and the devastation that follows, says Mohamed A El-Erian.
The evaporation of a rally on Wall Street in the closing minutes of Tuesday's session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.
