Business

Trump says he will not let Boeing go out of business

President Donald Trump said on Tuesday that he would not let airplane maker Boeing Co (BA.N) go out of business as a result of the economic disruption caused by the coronavirus outbreak. “We’re not letting Boeing go out of business,” Trump said in a Fox News interview. “You have to help them temporarily. It’s not […]

Business

Boeing CFO says aerospace industry needs credit urgently, markets closed to new debt

Boeing Co’s (BA.N) chief financial officer said on Tuesday the U.S. aerospace industry urgently needs credit to cope with the coronavirus pandemic but “markets essentially are closed” to new debt. Greg Smith also stressed the strategic value of a $4.2 billion deal to acquire the commercial planemaking arm of Embraer (EMBR3.SA), driving up shares in […]

Business

Dollar pares losses as investors wait on stimulus bill

The dollar gave up most of its early losses on Tuesday as investors waited on a Senate stimulus bill meant to blunt the economic impact of the spreading coronavirus, and after U.S. President Donald Trump pressed his case for a re-opening of the U.S. economy by mid-April. Senior Democrats and Republicans said on Tuesday they […]

Business

Stocks, gold surge as Congress nears $2 trillion aid package

Stock markets soared on Tuesday, with a gauge of global equities posting its biggest gain since the coronavirus roiled financial markets a month ago, as the U.S. Congress zoned in on a $2 trillion stimulus package to curb the pandemic’s economic toll. Senate Majority Leader Mitch McConnell said a deal was “very close” for an […]

Business

Walmart’s Mexico unit says CFO to step down

Walmart de Mexico said on Tuesday that its chief financial officer Olga Gonzalez has resigned for personal reasons and will leave her post by April 30. Milton Brandt, currently chief financial officer for the retailer’s Central America operations, will become interim chief financial officer for Walmart de Mexico, known locally as Walmex.

Business

Dow soars over 11% in strongest one-day performance since 1933

The Dow soared on Tuesday to its biggest one-day percentage gain since 1933, after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis. All three main U.S. stock indexes rebounded strongly from Monday’s brutal […]

Business

Coronavirus redraws battle lines on airline emissions

European airlines crippled by the coronavirus have demanded lasting relief from environmental taxes – in a move that pits their immediate survival against longer-term emissions goals. The looming tax tussle underscores shifting environmental battle lines and a broader question for governments injecting billions into their afflicted economies: Should bailouts come before climate objectives or rather […]