Azul shares edged lower by 34%, and LATAM shares declined by 13% after the Azul SA and LATAM Airlines announced a 30% cut on international flights due to the coronavirus pandemic.
On Thursday, Charles Michel, the EU Council President, said that the European Union opposes the US decision to unilateral impose a travel ban on European nations to the United States.
On Thursday, the European Central Bank President Christine Lagarde said that the ECB had approved new stimulus plans to support the weak Eurozone economy cope with the impact of the coronavirus.
On Thursday, the President of the New York Stock Exchange Stacey Cunningham said that the NYSE is not planning to close the trading floor at this time.
According to three sources with knowledge of the matter, Sinclair Oil is weighing the initial incoming offers and would determine whether to sell the company.
The global markets plunged into bear market zone on Thursday, as indices declines below the 200-week moving average, which has not occurred since 2008.
China's car sales tumbled 79% in February, the largest ever monthly decline, as the demand was hit by the outbreak of coronavirus.
Brian Lesser, the CEO of AT&T's advertising unit Xandr, stepped down from his position, raising questions over the future of the advanced advertising strategy, Reuters reported.
The US producer prices dropped by its most in the previous five years last month, tumbled by declines in good costs such as services and gasoline.
Sales at WH Smith's stores in Britain's airports plunged by 35% due to the coronavirus outbreak, potentially reducing the company's profit by about $51M in 2020, the UK retailer said.
On Thursday, stock prices of Airlines plummeted even further than during the previous week, as United States announced travel restrictions from the EU.
TikTok, the social media app, launches a content moderation centre, seeking to boost its transparency, the Chinese firm stated on Wednesday, after it had faced scrutiny from the United States over user data sharing with China's government.
China's car sales tumbled 79% in February, the largest ever monthly decline, as the demand was hit by the outbreak of coronavirus.
Brian Lesser, the CEO of AT&T's advertising unit Xandr, stepped down from his position, raising questions over the future of the advanced advertising strategy, Reuters reported.
Airline group Lufthansa announced it would cancel 23K flights from 29th of March to 24th of April amid the coronavirus outbreak.
PepsiCo made the company's biggest bet in the market of energy drinks with a $3.85B deal to acquire Rockstar Energy Beverages.
On Wednesday, the World Trade Organization announced that trade in services has declined at the start of 2020.
Bloomberg revealed on Wednesday that Boeing intends to draw upon a $13.8 billion loan. The company is among those suffering from the outbreak of the coronavirus.
On Wednesday, Telefonica and TIM announced that the two companies would bid for the Brazilian carrier Oi. The announcement caused a surge of the two company's stock prices.
The United Arab Emirates revealed on Wednesday that the country would increase oil production to a record high.
On Wednesday, crude oil price benchmarks continued to fall, as the United States and Saudi Arabia announced production increases.
At the start of Wednesday's US trading, US stock indices declined, as the impact of the coronavirus continued to fuel a sell off.
Rishi Sunak, the UK Finance Minister, announced the updated growth outlook for the British economy that was on its way to expand by 1.1% in 2020 and 1.8% the next year, based on the first annual budget presented on Wednesday.
German automaker Volkswagen is considering temporary layoffs at its Spain's Navarra plant in case of the supply chain disruption triggered by the coronavirus outbreak, a VW spokesman stated.