Boeing calls for $60 billion lifeline for U.S. aerospace industry
Boeing Co on Tuesday called for a $60 billion lifeline for the struggling U.S. aerospace manufacturing industry, which faces huge losses from the coronavirus pandemic....
H&M closes all stores in biggest markets Germany and the United States
H&M is temporarily closing all its 460 stores in Germany, its number one market for sales, and all 590 in its second largest market the...
FedEx suspends 2020 profit outlook; coronavirus and turnaround pressure weigh
U.S. package delivery company FedEx Corp suspended its 2020 profit outlook on Tuesday, citing the “significant impact” of the coronavirus, and said it would cut...
UK’s Sainsbury’s to limit customer purchases, close cafes to get through coronavirus
British supermarket group Sainsbury’s is to restrict customer purchases to combat panic buying, close its in-store cafes and counters and beef-up online services to get...
Credit Suisse sharply cuts Mexico’s 2020 GDP, now sees economy shrinking by 4%
Credit Suisse sharply lowered its forecast for Mexico’s economic performance this year and now expects a 4.0% contraction, citing “significant downside risks,” according to a...
Fed moves to backstop funding for U.S. companies as coronavirus fallout spreads
The U.S. Federal Reserve moved Tuesday to ensure the flow of credit to U.S. companies, banks and even local governments amid a nationwide scramble for...
Credit Suisse sees 2020 economic contraction in Mexico of 4%
Credit Suisse sharply lowered its forecast for Mexican economic growth this year and now expects a 4.0% contraction, citing “significant downside risks,” according to a...
Fed officials flag possible further steps in Fed crisis response
Federal Reserve officials are deliberating over next steps in their response to the fallout from the coronavirus epidemic, with some urging a broad debate about...
Wall Street jumps after Monday’s historic sell-off as Fed boosts liquidity to fight coronavirus effect
The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday’s steep losses, as the Federal Reserve and the White House took...
U.S. Treasury approves revival of Fed primary dealer backstop
U.S. Treasury Secretary Steven Mnuchin on Tuesday said he approved the creation of a new primary dealer credit facility to ease credit market disruptions caused...