Airbnb Inc on Wednesday held a phone meeting with bankers to discuss extending an existing $1 billion debt facility as the home rental start-up grapples with a slowdown from the coronavirus outbreak, according to a source who participated in the meeting.
Financial markets rebounded on Tuesday, with stocks and oil jumping about 4% in Europe, while the safe-haven dollar recoiled as unprecedented global stimulus efforts gained traction.
UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.
Comcast Corp on Tuesday warned of a hit to its results from the coronavirus outbreak as it shut all its theme parks and delayed distribution of films in theaters worldwide.
Bombardier pulled its 2020 outlook on Tuesday and said it would halt all non-essential work at most of its Canada-based operations until April 26 to help slow the spread of the coronavirus pandemic.
Spirit Aerosystems , Boeing Co's largest supplier, is temporarily suspending production for the airplane maker at many of its facilities in the United States for two weeks, as the global coronavirus pandemic saps demand across the industry.
Investors on the call included Dan Loeb, Stephen Schwarzman, Intercontinental Exchange's Jeffrey Sprecher and Paul Tudor Jones.
Boeing Co Chief Executive Dave Calhoun said on Tuesday he does not want the U.S. Treasury to take an equity stake in the planemaker as a condition of government loans as credit markets freeze amid the coronavirus pandemic.
The coronavirus pandemic is straining the U.S. economy. Here's where Americans can look for fast cash in an emergency.
The U.S. Federal Reserve's efforts to shield the economy from the effects of the coronavirus have -- for now - slowed a scramble for dollars that threatened to clog funding markets.
Global airlines are in an emergency situation and government rescue packages are needed as quickly as possible to avoid multiple airline collapses, the head of the International Air Transport Association warned on Tuesday.
Consumer goods giant Unilever Plc said on Tuesday it would protect its workforce from the financial impact of the coronavirus by continuing to pay contractors and other part time staff for up to three months.
UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.
The U.S. International Trade Commission said on Tuesday it made a final determination that dumped and subsidized imports of wood cabinets and vanities from China were harming American producers, locking in steep U.S. tariffs for five years.
General Motors Co said on Tuesday it will draw about $16 billion from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak.