Author Archives
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GM extends North American shutdown of plants without stating restarting date
In a statement, General Motors Co disclosed, it will extend the shutdown of its North American plants beyond March 30. It did not set a restart date. In an e-mail to suppliers, General Motors said, “given the unprecedented circumstances, exactly… Read More ›
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Britain increases capacity to test for COVID-19 with new deal with Roche
According to a Channel 4 news bulletin, Roche has struck a deal with Britain to increase the country’s testing capacity for the Wuhan coronavirus. The report, cites Britain’s health authority Public Health England as saying, the new COVID-19 testing machines… Read More ›
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Washington and Beijing to collaborate in G20 summit: South China Morning Post
In a report, the South China Morning Post said, the United States and China are expected to set aside their differences and focus on the challenges of controlling and stopping the pandemic when leaders of the G20 nations hold talks… Read More ›
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Japan sets up COVID-19 HQ, preparatory steps to declare state of emergency: Kyodo news agency
On Thursday, the Japanese government said, it is setting up a special headquarters for the Wuhan coronavirus, which could be activated as early as this afternoon, as it preps up efforts to fight the virus which has gone pandemic. Japan’s… Read More ›
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Investors looking at 2007-2009 financial crisis models for when to jump back into markets
2008 models which were used by investment banks during the then financial crisis is back in the works. Investment banks are dusting off those models to gauge the right time to jump back in the stock markets which has fallen… Read More ›
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Volkswagen Group stops Russian production due to supply shortage from Europe
On Tuesday, Volkswagen Group Rus stated, the carmaker will suspend car production in Russia following a supply shortage caused by the Wuhan coronavirus outbreak in Europe. Volkswagen Group Rus will stop production at its Russian plant from March 30 to… Read More ›
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Large U.S. banks expresses gratitude towards frontline workers with special pay packages
According to an internal memo from Wells Fargo & Co, the U.S. bank is set to join its peers in paying out a special compensation package to front-line employees. San Francisco-based Wells Fargo said, it would provide all of its… Read More ›
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U.S. SEC warns against opportunistic trading during Wuhan coronavirus market route
In an unusual statement that essentially underscores the chaos coursing through the financial markets, the U.S. securities regulator has warned corporate executives against insider trading. In a statement, the SEC said, company directors, consultants, officers, employees, and other outside professionals… Read More ›
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Virtual tipping jars spreads warmth in the midst of Wuhan coronavirus shutting down U.S. restaurants and bars
With restaurants and bars shutting down across the United States to stop the Wuhan coronavirus shutting from increasing its footprint in the country, America’s service culture is moving online. Consumers who frequent their favorite restaurants and bars can now tip… Read More ›
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Occidental Petroleum Corp to name Stephen Chazen as chairman: WSJ
A report from the Wall Street Journal citing sources familiar with the matter at hand states, Occidental Petroleum Corp plans on naming former Chief Executive Officer Stephen Chazen as its new chairman. Provided discussions don’t fall apart, Chazen’s appointment is… Read More ›
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