Russia's major oil companies, Rosneft, Lukoil and Gazprom, are set to resume Urals crude supplies to Belarus refineries in April after a three month suspension after Moscow and Minsk agreed supply terms, four industry sources familiar with supply plans told Reuters on Monday. Russia's oil supplies to Belarus are set at roughly 0.6 million tonnes for April so far, according to the sources. Companies may decide to send more oil to Belarus in April if they find the supplies profitable, they added....
(Bloomberg) -- U.S. stock index futures advanced after President Donald Trump and Vice President Mike Pence said they see signs the coronavirus outbreak in the country is beginning to level off or stabilize.Contracts on the S&P 500 rose 3.9% at 8:47 a.m. in London, while futures climbed 4.2% on the Nasdaq 100 Index and added 4% on the Dow Jones Industrial Average. The daily toll in some of the world’s outbreak epicenters was lower Sunday. New York State fatalities fell for the first time. Italy had the fewest deaths in more than two weeks. France reported the lowest number in five days. Spain’s tally fell for a third day in a row.In Europe, the Stoxx 600 Index gained 2.9%, with all the industry groups in the green, led by travel & leisure, autos and industrial goods shares.Investors are assessing the outlook for a reporting season that while still a week away...
As many Americans are feeling financial strain amid the pandemic, you might feel inclined to help anyone out who you know is struggling. Here are five of the easiest ways to send money amid coronavirus....
Boeing Co (BA) said it will extend the suspension of production at its Washington state factory until further notice amid an acceleration of the coronavirus pandemic in the area.“These actions are being taken in light of the current assessment of the spread of COVID-19 in Washington state, the reliability of the supply chain and additional recommendations from government health authorities,” the company said in a statement.The largest U.S. planemaker said March 23 that it would temporarily halt production at the site for a period of up to 14 days.Four-star analyst Seth Seifman at JP Morgan last month reiterated his Hold rating and $130 price target on Boeing, citing the company’s high debt burden and uncertainty about government bailouts.Last month, Boeing asked for at least $60 billion in U.S. government loans for itself and other American aerospace manufacturers to help the embattled industry cope with the the coronavirus-related financial drainage.Boeing shares have...
(Bloomberg) -- Warren Buffett’s conglomerate Berkshire Hathaway Inc. is joining a record bonanza of corporate debt sales, as companies around the world pay up to stockpile cash.The U.S. company is marketing yen-denominated bonds in multiple parts. The 10-year tranche is being offered with a spread of 100-110 basis points. That compares with the 50 basis points it paid to price a similar-maturity note in September.Borrowers have been undeterred by a spike in financing costs sparked by the coronavirus pandemic. Many are building cash buffers to tide them over as the pandemic makes global recession certain, and others are expanding reserves for acquisitions. Worldwide debt sales blasted past a record $200 billion last week, with Oracle Corp. pricing a $20 billion offering and T-Mobile US Inc. raising $19 billion to help finance the acquisition of Sprint Corp.While Asia has continued to lag the global bond boom--with many borrowers in the region making...
