Posted at 16:31h
in
News
by KMFSLLP
Manulife Financial Corp's
chief executive on Thursday cautioned against reopening
economies shut by the COVID-19 pandemic despite challenges that
contributed to a 40% decline in first-quarter profit for
Canada's biggest life insurer.
...
Posted at 16:29h
in
News
by KMFSLLP
A quick recovery from the
coronavirus crisis is unlikely, Minneapolis Federal Reserve Bank
President Neel Kashkari said on Thursday, warning that some
businesses will be able to reopen sooner that others and that a
resurgence in infections could necessitate a return to lockdown.
Posted at 16:28h
in
News
by KMFSLLP
Wall Street gave a resounding vote of
confidence to ride-hailing stocks ahead of Uber's
results on Thursday, after Lyft indicated a slow recovery in
demand and lower costs as rising unemployment creates greater
supply of drivers.
Posted at 16:28h
in
News
by KMFSLLP
Portugal's largest utility EDP
posted on Thursday a 45% rise in first-quarter net profit to 146
million euros ($158 million) despite the wider impact of the
coronavirus on the economy.
...
Posted at 16:27h
in
News
by KMFSLLP
Wall Street gave a resounding vote of
confidence to ride-hailing stocks ahead of Uber's
results on Thursday, after Lyft indicated a recovery in demand
and lower costs as rising unemployment creates more supply of
drivers than jobs in the market.
Posted at 16:15h
in
News
by KMFSLLP
The Czech National Bank cut its
main interest rate by a bigger-than-expected 75 basis points on
Thursday, bringing borrowing costs ever closer to zero as it
seeks to soften the economic blow of the coronavirus outbreak.
Posted at 16:13h
in
News
by KMFSLLP
European shares closed higher on Thursday
as a surprise rise in China's exports suggested some resilience
in global demand, while a batch of mostly strong earnings also
provided cheer.
...
Posted at 15:18h
in
News
by KMFSLLP
Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact
...
Posted at 14:12h
in
News
by KMFSLLP
Rules concerning Brexit preparations prioritised over tougher environmental standards
...
Posted at 12:05h
in
News
by KMFSLLP
Supreme Court to hear airport’s case after £14bn plan ruled unlawful on environmental grounds
...