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Retail Chains Seek Relief From Rent

Retail Chains Seek Relief From Rent

As economic losses continue to deepen due to the COVID-19 pandemic and the three-week lockdown, several retail chains are seeking relief from paying rent. Just how will the government and the stakeholders deal with this mounting challenge? Here's ...
NDTV
Stocks tumble as employers slash jobs at rapid pace

Stocks tumble as employers slash jobs at rapid pace

Wall Street fell Friday after fallout from the coronavirus pandemic prompted employers to shed the most jobs in 11 years. Conway G. Gittens has the details.
Reuters Business
Don't own Zoom? Here's the next best bet: fund manager

Don't own Zoom? Here's the next best bet: fund manager

Buy stocks of software companies that boost business efficiency such as AudioCodes, whose technology helps power Zoom and Skype, says growth fund manager Gerry Frigon of Taylor Frigon Capital Management.
Reuters Business
3M, Trump spar over N95 face masks

3M, Trump spar over N95 face masks

3M said it would increase production and import more of the N95 face masks to the United States after President Trump invoked a law to help ease a shortage of the crucial equipment needed by medical staff. Conway G. Gittens has more.
Reuters Business
U.S. slashes 701,000 jobs in March

U.S. slashes 701,000 jobs in March

Employers in the U.S. cut 701,000 jobs in March. As Fred Katayama reports, that ends America's historic 113 straight months of employment growth as coronavirus-induced lockdowns shut down businesses and factories.
Reuters Business
Airbus may slash output of best-selling jet

Airbus may slash output of best-selling jet

Reuters sources say Airbus may have to slash output of its best-selling A320 jets to counter the airline industry downturn.
Reuters Business
Zara-owner Inditex stalls amid global lockdowns

Zara-owner Inditex stalls amid global lockdowns

Zara-owner Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, while Sweden's H&M reports plunge in March sales. Ciara Lee reports
Reuters Business
Business activity collapses in Europe

Business activity collapses in Europe

New data out on Friday showed business activity plunging to record lows in the euro zone and UK.
Reuters Business
Mexico stops brewing Corona beer, deemed non-essential in epidemic

Mexico stops brewing Corona beer, deemed non-essential in epidemic

Mexico's Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential. Ciara Lee reports
Reuters Business
Australian retail rises 0.5 per cent: Aus shares flat at 0.04% at noon

Australian retail rises 0.5 per cent: Aus shares flat at 0.04% at noon

03 Apr 2020 - The Australian share market opened higher this morning following strong leads from the Energy sector and is now trading flat at 0.04 per cent. Hansen Technologies (ASX:HSN) withdraws guidance.
Finance News Network
Simon Kidston on finalising energy storage agreements and facilitating a greener future for Australi

Simon Kidston on finalising energy storage agreements and facilitating a greener future for Australi

Executive Director of Genex Power, Simon Kidston, talks with CEO of Boardroom.Media William Canty about the next steps for Genex Power in energy storage and moving Australia towards a greener future.
Boardroom Media
NEXTDC (ASX:NXT) complete $627 million placement

NEXTDC (ASX:NXT) complete $627 million placement

03 Apr 2020 - NEXTDC (ASX:NXT) has successfully completed an institutional placement, raising approximately $672 million through the issue of 86.1 million new shares.
Finance News Network
Treasury Wine Estates (ASX:TWE) acknowledges class action

Treasury Wine Estates (ASX:TWE) acknowledges class action

03 Apr 2020 - Treasury Wine Estates (ASX:TWE) has been served with a group proceeding filed against them in the Supreme Court of Victoria.
Finance News Network
Wall St. gains as oil rally offsets jobless surge

Wall St. gains as oil rally offsets jobless surge

Stocks gained ground on Thursday as hopes for a truce between Saudi Arabia and Russia propelled oil prices, taking some attention off a staggering record jump in unemployment claims. Conway G. Gittens has the numbers.
Reuters Business
Over 10 million file for unemployment benefits in the US: ASX poised to open higher

Over 10 million file for unemployment benefits in the US: ASX poised to open higher

03 Apr 2020 - After a rally from US markets, the ASX looks set to open higher. It’s been a rollercoaster of a week as investors monitor the COVID-19 crisis. Over one million people across the world have been infected, with over 51,000 losing their...
Finance News Network
Dress to impress at home: Retailers recast spring looks

Dress to impress at home: Retailers recast spring looks

Desperate to sell pricey spring looks during the coronavirus lockdown, retailers are turning to social media to show their latest styles in somber, stay-at-home settings. This report produced by Yahaira Jacquez.
Reuters Business
Stocks to buy in a recession: fund manager

Stocks to buy in a recession: fund manager

Buy stocks of companies with low debt and consistent profitability, says Washington Crossing Advisors' Kevin Caron who believes the U.S. is already in a sharp recession.
Reuters Business
Oil soars after Trump claims Saudi-Russia deal

Oil soars after Trump claims Saudi-Russia deal

Oil prices skyrocketed Thursday after President Trump said Saudi Arabia and Russia will announce a deal to cut global production that could reverse a crash in prices. Conway G. Gittens has more.
Reuters Business
Amazon to roll out mask, temperature checks next week

Amazon to roll out mask, temperature checks next week

In response to stiff criticism, Amazon.com plans to roll out temperature checks and face masks for staff at all its U.S. and European warehouses and Whole Foods locations next week, Reuters learned exclusively. Conway G. Gittens has the details.
Reuters Business
Boeing offers voluntary layoffs

Boeing offers voluntary layoffs

Boeing CEO Dave Calhoun outlined a plan of voluntary layoffs for employees Thursday. As Fred Katayama reports, he also warned that the coronavirus pandemic would have a lasting impact on the global aerospace industry.
Reuters Business
German carmakers had crisis call with Merkel - report

German carmakers had crisis call with Merkel - report

The bosses of Volkswagen, BMW and Daimler held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany's Handelsblatt newspaper reported Thursday. Ciara Lee reports
Reuters Business
WeWork troubles deepen as SoftBank pulls share offer

WeWork troubles deepen as SoftBank pulls share offer

SoftBank has pulled a $3 billion tender for more shares in WeWork, deepening troubles for the office-sharing firm.
Reuters Business
Jobless claims jump to another record

Jobless claims jump to another record

The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic. As Fred Katayama r
Reuters Business
World stocks drift as wary investors expect grim U.S. jobs data

World stocks drift as wary investors expect grim U.S. jobs data

World stocks were pinned down on Thursday by the rising death toll from the new coronavirus and deepening economic pain, with another record week of jobless claims expected in the United States. Ciara Lee reports
Reuters Business
BA may suspend 32,000 staff; Boeing eyes buyouts

BA may suspend 32,000 staff; Boeing eyes buyouts

British Airways may suspend around 32,000 staff according to Reuters sources, after most of its planes were grounded.
Reuters Business
Trump to meet U.S. oil execs dealing with price crisis

Trump to meet U.S. oil execs dealing with price crisis

U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.
Reuters Business
Rural Funds Management has been awarded damages over a Bonitas short sell report

Rural Funds Management has been awarded damages over a Bonitas short sell report

02 Apr 2020 - Rural Funds Management as responsible entity for the Rural Funds Group (ASX:RFF) has been awarded damages over a Bonitas short sell report.
Finance News Network
Webjet (ASX:WEB) bosts equity raising

Webjet (ASX:WEB) bosts equity raising

02 Apr 2020 - Webjet (ASX:WEB) has successfully completed its $115 million institutional placement and the institutional component of its 1 for 1 accelerated nonrenounceable pro-rata entitlement offer.
Finance News Network
Westpac (ASX:WBC) appoint a new CEO

Westpac (ASX:WBC) appoint a new CEO

02 Apr 2020 - Westpac (ASX:WBC) Chairman John McFarlane today announced the appointment of Peter King as Chief Executive Officer.
Finance News Network
Whitehaven Coal (ASX:WHC) hire a new Executive General Manager for Operations

Whitehaven Coal (ASX:WHC) hire a new Executive General Manager for Operations

02 Apr 2020 - Whitehaven Coal (ASX:WHC) is pleased to announce the appointment of Ian Humphris as Executive General Manager – Operations, effective from Monday, succeeding Quentin Granger, who has held the role on an interim basis since December 2...
Finance News Network
COVID-19 death toll climbs in the US: ASX poised to open lower

COVID-19 death toll climbs in the US: ASX poised to open lower

02 Apr 2020 - Following a slump on US markets, the ASX looks set to open lower. The US death toll rose to over 4,000. The Dow tumbled to near 1000 points. White House officials estimate that the COVID-19 outbreak will kill between 100,000 and 240,...
Finance News Network
Wall St. tumbles 4% gripped by virus fears

Wall St. tumbles 4% gripped by virus fears

U.S. stocks lost more than 4 percent on Wednesday after a dire warning on the U.S. death toll from the coronavirus pandemic spooked investors. Conway G. Gittens has the numbers
Reuters Business
When to get back into stocks: wealth manager

When to get back into stocks: wealth manager

Stocks will near a bottom when the U.S. is able to slow the spread of the coronavirus pandemic, providing an opportunity to buy into the market, says Ladenburg Thalmann's Jaime Desmond.
Reuters Business
T-Mobile and Sprint officially complete merger

T-Mobile and Sprint officially complete merger

In a marriage long in the making, T-Mobile and Sprint officially completed their $23 billion merger, creating a wireless combination that's better able to compete in the 5G race. Conway G. Gittens has more.
Reuters Business
Wall Street sinks as coronavirus fear grows

Wall Street sinks as coronavirus fear grows

The Dow Jones tumbled roughly 700 points Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017.
Reuters Business
Carrefour, Uber Eats team up to deliver essentials

Carrefour, Uber Eats team up to deliver essentials

Carrefour and Uber Eats are teaming up to deliver essentials to Parisians under lockdown.
Reuters Business
Wuhan residents shop across barriers as lockdown eases

Wuhan residents shop across barriers as lockdown eases

Residents in China's locked-down city of Wuhan have found a new way to shop while still social distancing. Calling for what they want over large barriers mean they keep well apart, but still get to purchase essentials.
Reuters Business
Market carnage worst since Great Depression

Market carnage worst since Great Depression

Stocks slid again at the start of a new quarter. The carnage of the previous three months was the worst since the Great Depression of the 1930s.
Reuters Business
The race to save America's harvest

The race to save America's harvest

North America's biggest farm suppliers are accelerating their spring schedule in an unprecedented race against the coronavirus that threatens to disrupt planting season.
Reuters Business
Market enters April on a high: ASX closes 3.6% higher

Market enters April on a high: ASX closes 3.6% higher

01 Apr 2020 - The ASX has closed at a two week high closing 3.6% higher. Shares in Mayne Pharma (ASX:MYX) soared and SkyCity Entertainment (ASX:AKC) shares rose as did AP Eagers (ASX:APE). Synlait Milk (ASX:SM1) completed the purchase of Dairywork...
Finance News Network
Building approvals soar in February: ASX tracking 3% higher at noon

Building approvals soar in February: ASX tracking 3% higher at noon

01 Apr 2020 - The ASX shot up at the open and is now tracking 3% higher at noon. Shares in Oil Search (ASX:OSH) and Worley Parsons (ASX:WOR) are doing well today. Yesterday Worley announced Chevron had extended one of their contracts by two years....
Finance News Network
Mining Mates Lunch - Levitas Capital

Mining Mates Lunch - Levitas Capital

Mike Fagan on Covid19 and its impact on Volatility, Bonds and Credit
Boardroom Media
Mining Mates Lunch - Harwind Partners

Mining Mates Lunch - Harwind Partners

Mike Harrowell on Covid19 and the Mining Sector
Boardroom Media
Mining Mates Lunch - Geoff Fowlstone

Mining Mates Lunch - Geoff Fowlstone

Geoff Fowlstone on Covid19 and the Mining Sector
Boardroom Media
Brickworks (ASX:BKW) to reopen brick plants in Pennslyvania

Brickworks (ASX:BKW) to reopen brick plants in Pennslyvania

01 04 2020 - Brickworks (ASX:BKW) has been advised that it may re-open their brick plants in Pennsylvania.
Finance News Network
Jumbo Interactive (ASX:JIN) exoects higher customer engagement

Jumbo Interactive (ASX:JIN) exoects higher customer engagement

01 Apr 2020 - Lottery game seller Jumbo Interactive (ASX:JIN) says improved customer engagement is expected to deliver higher TTV and Revenue during a period of lower jackpots.
Finance News Network
Vet Shop Group Australia: Co-founder and Director discusses the huge shift to working-from-home

Vet Shop Group Australia: Co-founder and Director discusses the huge shift to working-from-home

Chief Contrarian of Which-50, Andrew Birmingham, speaks with Vet Shop Group Australia's Co-founder and Director Steven Perissinotto about how business is coping with the huge shift to working-from-home.
Boardroom Media
Box: Regional Vice President discusses the huge shift to working-from-home

Box: Regional Vice President discusses the huge shift to working-from-home

Chief Contrarian of Which-50, Andrew Birmingham, speaks with Box's Regional Vice President Scott Leader about how business is coping with the huge shift to working-from-home.
Boardroom Media