BlackRock, Schroders suspend UK real estate funds
Investment managers BlackRock and Schroders said they have suspended trading in UK real estate funds aimed at institutional investors, citing difficulty in getting an accurate price for their assets.
Investment managers BlackRock and Schroders said they have suspended trading in UK real estate funds aimed at institutional investors, citing difficulty in getting an accurate price for their assets.
Boeing Co Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.
JPMorgan CEO Jamie Dimon is working remotely after the bank announced on March 5 that he had emergency surgery.
Throughout the U.S., small businesses and nonprofits are retooling to survive — and make a difference — by shifting operations to make products needed in the fight against the coronavirus pandemic.
Russian Energy Minister Alexander Novak said on Thursday that Moscow may return to oil negotiations with Saudi Arabia after talks collapsed last month, which, coupled with the spread of the new coronavirus, dragged oil prices to their 18-year lows.
Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to discuss the slump in prices triggered by the end of a deal to curb output and a collapse in demand.
Planemakers are looking at drastic cuts in wide-body production amid a slump in demand for the industry's largest jetliners, manufacturing and supplier sources said on Thursday.
New orders for U.S.-made goods were unexpectedly flat in February, and could remain weak as a global coronavirus outbreak strains supply chains and undercuts the manufacturing sector.
The coronavirus pandemic is throwing a spotlight on stocks in the U.S. healthcare sector, home to the companies that could develop treatments, vaccines and improved diagnostics needed to tackle the greatest public health crisis in a century.
Ford Motor Co's U.S. sales chief said on Thursday the automaker believes some level of government stimulus will be needed for consumers once the coronavirus pandemic recedes and that the crisis will spur a permanent shift toward more online vehicle sales in America.
The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback.
British Airways is in talks with its union about a plan to suspend around 32,000 staff, a person familiar with the situation said, marking one of the industry's most dramatic moves yet to survive the coronavirus pandemic.
Southwest Airlines Co said on Thursday it intends to apply for U.S. government aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic.
Honda Motor Co said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 because of the ongoing coronavirus outbreak.
Fiat Chrysler aims to restart operations at three Italian sites as soon as the government lifts coronavirus restrictions on manufacturing, a union representative said on Thursday, adding unions would monitor health precautions.