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 […]
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 […]
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 […]
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 […]
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.
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 […]
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 […]