Brazil's antitrust watchdog again approves Boeing-Embraer deal
Brazil's antitrust watchdog on Wednesday dismissed allegations against a proposed takeover by Boeing Co of Embraer SA's commercial plane division, maintaining its approval of the deal.
Brazil's antitrust watchdog on Wednesday dismissed allegations against a proposed takeover by Boeing Co of Embraer SA's commercial plane division, maintaining its approval of the deal.
Britain faces a "massive shortage" of ventilators that will be needed to treat critically ill patients suffering from coronavirus, after it failed to invest enough in intensive care equipment, a leading ventilator manufacturer said on Wednesday.
Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the globe announced trillions of dollars of spending to support locked-down economies frozen by the coronavirus.
General Motors Co and Mercedes Benz will furlough all employees in Brazil later this month, the companies said on Wednesday, suggesting that production in South America's main auto center will be heavily impacted by the coronavirus outbreak.
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said.
The selloff in U.S. stocks deepened on Wednesday and the Dow was set to erase the last of its gains since U.S. President Donald Trump's 2017 inauguration, as the coronavirus pandemic threatened to bring U.S. economic activity to a halt.
Branch closures are the latest sign of the toll the coronavirus pandemic is having on the financial system.
Automakers are halting production at plants across Europe as they grapple with coronavirus and diving demand.
Wall Street's four-week slump deepened and the Dow Jones Industrials was set to surrender all its "Trump-bump" gains on Wednesday, as the coronavirus pandemic threatened to bring the U.S. economic activity to a grinding halt.
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said.
U.S. regulators are considering giving banks additional regulatory points for lending to mid- to low-income Americans hurt by the coronavirus, as they seek to mitigate the economic impacts of the pandemic, an official within a banking agency told Reuters.
Zara owner Inditex, whose polka dot dress was a high-street sensation in 2019, may soon be stitching hospital scrubs, helping its home country Spain fight the coronavirus epidemic, the company said on Wednesday.
Investor Bill Miller, chairman of Miller Value Partners, joined CNBC's "The Exchange" to discuses the current market climate.
U.S. regulators are considering issuing guidance that would encourage lenders to offer loans to low-income individuals and to provide leniency on some repayments amid the coronavirus pandemic, an official within a banking agency told Reuters.
Global equities tumbled anew on Wednesday, with bond and gold prices also falling in an unusual tandem, as markets grappled with the sheer scale of government programs and handouts aimed at softening the economic shockwave from the coronavirus.