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Markets

LSE gets US nod for Refinitiv deal

The London Stock Exchange Group said on Monday it had gained approval from the U.S. Committee on Foreign Investment for its US$27 billion takeover of analytics firm Refinitiv, judging there were no national security concerns with the deal.

Markets

Lockheed Martin’s Hewson to step down as CEO

Lockheed Martin Corp said on Monday Marillyn Hewson will step down as chief executive officer, effective June 15.

Markets

Feed the hamster: German retailer asks students to restock shelves

A German supermarket chain called on Monday for students whose universities have shut due to the coronavirus crisis to help it refill its shelves after shoppers stockpiled many essential goods, known as "hamstering" in German.

Markets

Starbucks temporarily moves to ‘to go’ model amid virus outbreak

Starbucks Corp has moved to a "to go" model in all its company-owned stores in the United States and Canada for at least two weeks to facilitate social distancing among customers amid the spread of coronavirus, the coffee chain said on Sunday.

Markets

Exclusive: Flying blind – Marubeni’s Gavilon ignored Brazilian red flags

When Japanese conglomerate Marubeni booked a loss of 3.9 billion yen (US$35 million) at its U.S. grain trader Gavilon in November, it blamed adjustments for "inappropriate transactions" with Italy and Spain.

Markets

Fiat Chrysler halts production in Europe as coronavirus hits demand

Fiat Chrysler Automobiles (FCA) is halting production for two weeks at most of its European plants to help protect staff against the coronavirus pandemic and adjust to a slump in demand, the Italian-American carmaker said on Monday.

Markets

Airlines seek emergency aid as coronavirus brings industry to near-halt

Airlines made unprecedented cuts to flights, costs and staffing on Monday, and stepped up calls for emergency government aid, as coronavirus lockdowns and new travel restrictions hit more major routes.

Markets

Ryanair grounds most of its fleet across Europe for the next week

Ryanair said on Monday it would ground most of its aircraft in Europe over the next seven to 10 days, expects to cut seat capacity by 80per cent for the next two months, and could even ground its entire fleet, given travel restrictions due to the coronavirus pandemic.

Markets

Quarantined bankers, video roadshows: coronavirus hits Argentine debt talks

Argentina's ambitious target to strike a deal with bondholders to revamp almost US$70 billion in debts by the end of March was never going to be easy. Now a coronavirus outbreak and crashing bond markets threaten to complicate things further.

Markets

Stocks dive as Fed & co fail to calm panicky markets

Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed U.S. interest rates in an emergency move and its major peers offered cheap U.S. dollars in a bid to prevent global lending markets seizing up.

Markets

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