World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.
Thailand's central bank plans to provide financial aid worth $27.48B to small and medium-sized businesses amid the coronavirus outbreak, the Governor Veerathai Santiprabhob says.
The US retail sales decreased 8.7% in March, as mandatory business suspensions to control the spread of the virus outbreak depressed demand goods.
Toyota Motor is set to cut production of finished cars 40% in Japan in May, as demand falls globally due to the coronavirus pandemic.
Canada's GDP slumped 9% in March, as the virus outbreak forced the economic activity drop during the month.
Citigroup reported on Wednesday its quarterly profit tumbled 46% as the lender pledged about $5.0B to prepare for a potential flood of loan defaults amid a virtual suspension in economic activity triggered by the coronavirus crisis.
The Brazilian airline Azul has hired Galeazzi & Associados to restructure its financial and suppliers debt, according to the local O Estado de S. Paulo newspaper.
On Wednesday, Bank of America reported a 48.5% drop in its quarterly profit, after it pledged $3.6B to cover potential losses related to the coronavirus crisis.
On Wednesday, the US largest health insurer UnitedHealth Group had topped Q1 profit expectations, driven by strength across the company's businesses, sending its shares up 2.6% to $277.50 before the bell.
On Wednesday, the Prime Minister of Japan Shinzo Abe stated that the emergency one trillion US Dollar stimulus could boost Japan's GDP by 3.8%.
The US electric car maker Tesla's China vehicle registrations surged as much as 450% to 12,709 units in March from 2,314 in the prior month, according to the auto consultancy LMC Automotive's data.
Global airlines are set to lose $314B in revenue amid the coronavirus outbreak hit this year, according to an outlook given by IATA, which lifted its forecast from the $252B figure reported on March 24.
The number of foreign travellers to Japan plunged 93% last month from the previous year as the coronavirus crisis hit the tourism industry in the country and all over the world, the Japanese government reported on Wednesday.
US import prices plunged 2.3% in March, following the downwardly revised 0.7% fall in February, marking import deflation which could deepen due to the coronavirus pandemic.
According to the Chinese Ministry of Ecology and Environment, the government would continue construction of nuclear plants despite the coronavirus outbreak.
The US President Donald Trump decided on Tuesday to stop funding the World Health Organization (WHO) amid its behaviour during the coronavirus outbreak.
According to the Bloomberg News report published on Tuesday, J.C. Penney Co has approached AlixPartners LLP, as the US brick-and-mortar retailers look for ways to manage its debt.
On Tuesday, Rolex, Chanel and Patek Philippe announced that they would not exhibit at the MCH Group Baselworld trade fair in 2021.
German retailer Adidas received an approval for a syndicated €3B loan baked by the government to mitigate the financial impact on the business from the COVID-19 spread
France's court ruled that Amazon will have to limit deliveries in France to medical supplies and food, while evaluating the risk of the virus spread at warehouses.
Global airlines are set to lose $314B in revenue amid the coronavirus outbreak hit this year, according to an outlook given by IATA, which lifted its forecast from the $252B figure reported on March 24.
On Tuesday, shares in Norwegian Air dropped by 60%, after the company proposed for a financial rescue package, namely the debt-for-equity swap, on April 8.
US import prices plunged 2.3% in March, following the downwardly revised 0.7% fall in February, marking import deflation which could deepen due to the coronavirus pandemic.
Wells Fargo & Co reported its Q1 profit tumbled to $42M from $5.51B a year earlier after the US lender pledged money to cover the potential loan-losses from the COVID-19 pandemic.