Month: March 2020
by China defies coronavirus to top global IPO table in first quarter
Shanghai and Shenzhen eclipse New York bourses with more than $11bn raised
AGCO CEO explains the impact of coronavirus on factories and farm equipment production
Factories are back open in China and “as soon as the window opens again I will buy AGCO shares,” CEO Martin Richenhagen told CNBC’s Jim …
Conagra CEO: ‘Times like these call for extraordinary resiliency’
“We’re running flat out to keep our food coming and I’m incredibly proud of our team as they navigate these challenging times,” Conagra Brands CEO …
Traders scramble to sell cheap crude cargoes as glut grows
Oil traders across the globe are offering cargoes far in advance as rapidly vanishing demand drives key physical crude prices
Iron ore arrivals at Chinese ports edged lower on week
SMM estimates that there were 69 vessels carrying 11 million mt of iron ore arrived at major Chinese ports during
India asks ports to waive demurrage and other charges
India has asked its ports to waive demurrage and other charges for any delays in arrival, berthing and other operations
EURONAV In Strong Financial Condition To Weather a Potenial Market Crisis Due to the COVID-19
Euronav NV yesterday reported its final financial results for the full year to 31 December 2019. Hugo De Stoop, CEO of Euronav said: “Tanker market …
Coronavirus inspections of ships in Argentine contribute to soy supply woes
Argentine shipments of soymeal, soybeans, corn and other agricultural exports were delayed as the government ramps up inspections of incoming
Oil to stay below $40 in 2020 on virus shock, OPEC+ deal collapse: Reuters poll
Oil prices will stay below $40 a barrel this year, as measures aimed at halting the rapid global spread of
Over US$50bn in capital expenditure cuts announced as oil and gas companies grapple with COVID-19 and oil price war, say
As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments …
Don’t charge EXIM shipments on container detention: Ministry of shipping
Ministry of Shipping has advised the shipping lines not to impose any container detention charges on import and export shipments
OPEC March oil output rises from 2009 low after supply pact collapse
OPEC oil output rose in March from the lowest in more than a decade last month as Saudi Arabia boosted
Petrobras increases liquefied petroleum gas imports – statement
Brazilian state-owned oil company Petrobras is increasing liquefied petroleum gas imports, it said on Monday, as consumer demand in some
Shell slows refining, takes up to $800 million hit after oil crash
Royal Dutch Shell slowed refining output and will write down up to $800 million (649.46 million pounds) in the first
Palo Alto CEO talks CloudGenix acquisition, coronavirus response plans
“I think we will come out of this strong both as an economy and as a company,” Palo Alto CEO Nikesh Arora said in a …
How coronavirus tore through global markets in the first quarter
Every major asset class has been disrupted
Dow futures fall more than 200 points after market posts worst first quarter on record
The Dow Jones Industrial Average and S&P 500 are coming off of their worst first quarter in history.
Stocks making the biggest moves after hours: Verint Systems, HP, Fiat Chrysler and more
Check out the companies making headlines after the bell.
Jeffrey Gundlach says the coronavirus sell-off will worsen again in April, taking out the March low
“Take out the low of March and then we’ll get a more enduring low,” the so-called bond king said.
Bond manager seeks waiver to avoid fire sale of junk bonds
Western Asset asks for more time to offload corporate debt as virus rating downgrades bite
The Fed’s Loretta Mester says to expect ‘some really bad economic numbers’ before things get better
The coronavirus crisis is going to push unemployment past 10%, but it may not be as bad as some forecasts, Cleveland Federal Reserve President Loretta …