Exclusive: KKR shelves sale of Singapore-based Goodpack amid market turmoil - sources

KKR & Co. has shelved a process to sell Singapore-based Goodpack, an intermediate bulk container maker, after the coronavirus outbreak impacted valuations for the proposed deal, multiple sources with knowledge of the matter said on Wednesday. from Reuters: Business News https://ift.tt/2UvGN...

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Apple doubles China donations for COVID-19 recovery efforts

Apple more than doubled its donation to China's efforts to fight COVID-19 to over 50 million yuan ($7 million), CEO Tim Cook posted on Weibo on Wednesday, weeks after the iPhone maker said it had opened all its 42 stores in one of its largest markets. from Reuters: Business News https://ift.tt/2Uy2u...

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Asia's factory activity plunges as coronavirus shock deepens

Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China. from Reuters: Business News https://ift.tt/2Ux0c...

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Dollar firms as investors brace for global downturn

The dollar was a touch firmer on Wednesday, buoyed by its safe-haven status with the world staring at what is likely to be one of the worst economic contractions for decades as it locks down to fight the coronavirus pandemic. from Reuters: Business News https://ift.tt/3aC91...

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Oil prices fall as U.S. inventory build-up heightens oversupply concerns

Global crude oil prices slid further on Wednesday, following their biggest-ever quarterly and monthly losses, as a bigger-than-expected rise in U.S. inventories and a widening rift within OPEC heightened oversupply fears. from Reuters: Business News https://ift.tt/33Z8Q...

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Asian shares hold on to gains but virus keeps markets on edge

Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles the underpinnings of the global economy. from Reuters: Business News https://ift.tt/2xATl...

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Coronavirus: Zoom under increased scrutiny as popularity soars

The New York attorney general has written to the videoconferencing company about its security measures. from BBC News - Business https://ift.tt/2JtoX...

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Coronavirus: A fifth of smaller UK firms 'will run out of cash'

Despite government help, almost 20% of UK firms are unlikely to get the money they need to survive. from BBC News - Business https://ift.tt/2Jw9H...

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Exclusive: U.S. aims to lease space in emergency oil stockpile, after buying plan canceled - sources

The Trump administration plans to lease out space for energy companies to store oil in the nation's Strategic Petroleum Reserve, after a previous effort to buy millions of barrels for the emergency stockpile was canceled over a lack of funding, according to two people briefed on the matter. from Reuters: Business News https://ift.tt/3aykN...

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Coronavirus impact on those without broadband is a struggle in a stuck-at-home nation

Coronavirus impact on those without broadband is a struggle in a stuck-at-home nation As schools, workplaces and public services shut down in the age of coronavirus, online connections are keeping Americans in touch with vital institutions and each other. But that’s not much of an option when fast internet service is hard to come by...

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Why the White House is holding back ventilators

Why the White House is holding back ventilators President Trump discusses the increased demand for ventilators and why he's holding back on giving them to certain areas...

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Risk currencies ease, yen firms as investors brace for global downturn

Risk currencies looked fragile and the yen firmed on Wednesday, the first day of a quarter that looks set to see the worst economic contractions for decades in many countries as they scramble to tackle the coronavirus epidemic. from Reuters: Business News https://ift.tt/2R1W5...

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Oil prices mixed, U.S. inventory build-up heightens oversupply concerns

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States. from Reuters: Business News https://ift.tt/2xzv0...

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Bond investor Jeffrey Gundlach bets stocks March lows to be surpassed in April

Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows stocks hit in March will be surpassed in April due to uncertainty over the outbreak. from Reuters: Business News https://ift.tt/340Ac...

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As oil tanks, Trump talks with Russia's Putin, Saudi Arabia's crown prince

As oil tanks, Trump talks with Russia's Putin, Saudi Arabia's crown prince A price war amid the coronavirus pandemic has plunged oil's value...

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Coronavirus sends frozen food sales soaring

Coronavirus sends frozen food sales soaring Canned, packaged and frozen foods are in high demand with extended social distancing guidelines...

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Stocks under pressure after biggest quarterly drop since 2008

Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002. from Reuters: Business News https://ift.tt/2UVFV...

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Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve

The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the Strategic Petroleum Reserve (SPR), as it tries to comply with President Trump's directive to fill the facility to capacity, two industry sources said. from Reuters: Business News https://ift.tt/2Uw5P...

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