US Business

World Bank, IMF urge debt relief for poorer countries hit by coronavirus

28/03 The heads of the World Bank and International Monetary Fund on Friday underscored the need to provide debt relief to poorer countries hit by the coronavirus pandemic, and said official bilateral creditors would have to play a major role.  Full story

India likely to soon ease some drug export curbs after U.S. pressure -sources

11h21 India will likely relax some export restrictions on pharmaceutical products soon due to intense pressure from the United States which is worried about drug shortages as the number of coronavirus cases surge, two Indian government. . .  Full story

Chinese buyers snap up U.S. oil purchases at widest discounts ever

11h10 China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.. . .  Full story

Tariff pain turns to gain: U.S. computer, toy stockpiles help meet virus rush

09h00 As the coronavirus outbreak forced classes online, Boston Public Schools ordered 20,000 laptops and had them in hand in four days - an unusually fast turnaround made possible by a build-up of inventory prompted by. . .  Full story

BlackRock, Neuberger Berman apply for China fund business as Beijing steps up deregulation

08h41 BlackRock and Neuberger Berman on Wednesday became the first global asset managers to submit applications to set up mutual fund units in China as Beijing pushes ahead with financial sector deregulation despite the coronavirus. . .  Full story

China's Pinduoduo raises $1.1 bln in share placement amid volatile markets

07h53 Chinese e-commerce firm Pinduoduo Inc said on Tuesday that it had raised $1.1 billion in a private share placement, bolstering its ability to finance growth, despite recent market volatility.. . .  Full story

Peru CPI accelerates to 0.65% in March; 12-month inflation cools

07h00 Peru's inflation rate was 0.65% in March, a sharp increase from the prior month, the country's official statistics agency said on Wednesday, while the rolling 12-month rate eased slightly.. . .  Full story

China Re says to carefully weigh U.S. business entity plan

06h37 China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set up a business entity in the United States, based on its global strategy and the implementation of Sino-U.S. phase. . .  Full story

Corn falls on USDA estimate, export prospects cap losses

05h42 U.S. corn futures edged lower on Wednesday as a higher-than-expected forecast for North American production pushed prices towards a two-week low.. . .  Full story

US aims to lease space in emergency oil stockpile, after buying plan canceled -sources

03h43 The Trump administration plans to lease out space for energy companies to store oil in the nation's Strategic Petroleum Reserve, after a previous effort to buy millions of barrels for the emergency stockpile was canceled. . .  Full story

U.S., Russia energy officials had 'productive' talks about oil market plunge

03h05 U.S. Energy Secretary Dan Brouillette spoke with his Russian counterpart Alexander Novak about the slump in global oil markets on Tuesday, and they agreed to hold future discussions involving other major world oil producers and. . .  Full story

Mexico's Pemex vows to maintain oil output as coronavirus erodes demand, prices

02h54 Mexico's state oil company Petroleos Mexicanos said on Tuesday that it will maintain crude production levels even as the coronavirus pandemic erodes demand around the world and crude prices continue dropping to historic lows.. . .  Full story

Delphi tapping credit line puts sale to BorgWarner at risk

02h07 U.S. auto parts company BorgWarner Inc threatened to walk away from a $951 million deal to buy Delphi Technologies on Tuesday, after the automotive equipment supplier drew down on a credit line without its acquirer's. . .  Full story

Bond investor Jeffrey Gundlach bets stocks March lows to be surpassed in April

02h01 Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows stocks hit in March will be surpassed in April. . .  Full story

Some banking systems may need help in worst-case scenario -IMF

01h14 Some countries' banking systems might have to be recapitalized or even restructured, if their economies are severely handicapped by prolonged disruption from the coronavirus outbreak, officials at the International Monetary Fund said on Tuesday.. . .  Full story

Trump says he may join Saudi, Russia in talks on oil prices

01h01 U.S. President Donald Trump said on Tuesday he would join Saudi Arabia and Russia, if need be, for talks about the sharp fall in oil prices resulting from a price war between the two. . .  Full story

U.S. cattle futures jump in end-of-month, quarter rebound

00h25 U.S. live cattle futures rallied by as much as the daily 3-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and. . .  Full story

Caterpillar withholds salary increases to deal with pandemic fallout

00h13 Caterpillar Inc said on Tuesday it would withhold annual salary increases for senior executives, managers and salaried employees to contain costs due to the impact of the coronavirus epidemic on its business.. . .  Full story

Fed's Mester says economic data could be "very bad" in first half due to coronavirus

00h12 Reports measuring U.S. economic activity are likely to be "very bad" in the first half and the unemployment rate could rise above 10% due to efforts to slow the spread of the coronavirus, Cleveland. . .  Full story

TC Energy Keystone XL pipeline moves forward after Alberta commits $1.1 bln, shares rise

31/03 TC Energy Corp on Tuesday said it would proceed with its $8 billion Keystone XL pipeline with financial backing from the oil-rich province of Alberta, pushing the long-delayed project forward amid a global oil market. . .  Full story

Trump finalizes rollback of Obama-era vehicle fuel efficiency standards

31/03 President Donald Trump's administration on Tuesday completed a rollback of U.S. vehicle emissions standards adopted under his predecessor Barack Obama and will require 1.5% annual increases in efficiency through 2026 - far weaker than the. . .  Full story

Caterpillar says it will not give annual salary increases this year

31/03 Caterpillar Inc on Tuesday said it will not hand out annual salary increases this year as part of cost cut plan to deal with the coronavirus economic fallout.. . .  Full story

Citi postpones 2020 investor day due to coronavirus outbreak

31/03 Citigroup Inc said on Tuesday it would postpone its 2020 investor day that was scheduled to take place on May 13 due to the coronavirus pandemic.. . .  Full story

JetBlue to cut flights in and out of hometown New York by as much as 80%

31/03 JetBlue Airways Corp plans to reduce daily flights in and out of the four New York City-area airports where it operates by as much as 80% in April as part of wider schedule cuts. . .  Full story

Trump signs off on deferring tariffs for most-favored nations for three months

31/03 President Donald Trump has signed off on a plan to defer U.S. tariffs on goods from countries with most-favored nation status for three months, to help ease the economic fallout of the coronavirus, a. . .  Full story

China to allow some Canadian canola seed exports to continue -Ottawa

31/03 China has said it will allow some Canadian canola seed exports to continue, despite a year long trade dispute, provided the amount of foreign material in those shipments is limited, Canada's farm minister said. . .  Full story

Honeywell borrows $6 bln to boost liquidity in coronavirus fight

31/03 Honeywell International Inc said on Tuesday it had entered into a $6 billion loan agreement to bolster liquidity as the fast-spreading coronavirus pandemic wreaks havoc on the global economy.. . .  Full story

Fed's Mester says economic data could take a dark turn until virus is contained

31/03 Reports measuring U.S. economic activity are likely to be "very bad" and the unemployment rate could rise above 10% because of efforts to slow the spread of the coronavirus, Cleveland Federal Reserve Bank President Loretta. . .  Full story

Fidelity shuts three money market funds to most new investors

31/03 Fidelity Investments, one of the world's largest asset managers, on Tuesday closed three money market funds to new investors to protect the return of existing shareholders after the Federal Reserve this month cut short-term interest. . .  Full story

After volatile quarter, yields steady on Fed buying, rebalancing

31/03 U.S. Treasury yields on Tuesday reached a steady finish to a volatile quarter that saw several instruments touch record lows in early March before recovering as government efforts to fight the coronavirus pandemic took hold.. . .  Full story

Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades

31/03 Wall Street's three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of. . .  Full story

U.S. Treasury staffing and budget: 2020 vs. 2008

31/03 The U.S. Treasury is facing a massive challenge: oversight of $2.2 trillion in fiscal stimulus that needs to flow rapidly to companies and individuals in the world's largest economy to prevent it from cratering because. . .  Full story

Billionaire investor Steve Cohen: 'After an earthquake there are tremors'

31/03 Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows.. . .  Full story

U.S. farmers plan huge corn crop despite price drop, ethanol collapse

31/03 U.S. farmers plan to plant their biggest corn acreage in eight years this spring, saying the grain is the best option in a tough farm economy despite weak demand from the biofuel industry as. . .  Full story

Corn drops after USDA pegs U.S. plantings above expectations

31/03 U.S. corn futures settled lower on Tuesday after the U.S. Department of Agriculture (USDA) forecast 2020 plantings at the largest in eight years, well above trade expectations, while soybeans firmed on a lower-than-anticipated acreage outlook.. . .  Full story

FACTBOX-What's in the $2.2 trillion U.S. coronavirus rescue package

31/03 The U.S. House of Representatives on Friday approved an unprecedented $2.2 trillion stimulus package to alleviate the economic devastation of the coronavirus pandemic and sent it to President Donald Trump to sign into law.. . .  Full story

Walmart starts temperature checks for staff in safety ramp-up against coronavirus

31/03 Walmart Inc said on Tuesday it would start taking the temperature of employees and provide them with masks as it addresses growing safety concerns among retail workers laboring through the coronavirus crisis.. . .  Full story

Fed will do 'whatever it takes' to help U.S. economy likely in recession, Daly says

31/03 The Federal Reserve is ready to do more to help a U.S. economy ground to a sudden halt as businesses shutter and people stay home to slow the coronavirus pandemic, San Francisco Fed President. . .  Full story

Saudi oil alliance idea born at White House, put on back burner for now

31/03 Top U.S. officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market, according to three sources with knowledge of the matter, an idea one. . .  Full story

U.S. Republicans wary of more coronavirus spending, but Trump urges infrastructure plan

31/03 U.S. Republican lawmakers signaled caution on Tuesday over Democratic plans to prepare yet another large spending bill to battle the coronavirus crisis, even as President Donald Trump called for $2 trillion in spending, this time. . .  Full story

Small Canadian banks chase deposits to secure funding for troubled times

31/03 Canada's small financial institutions are waging a war for deposits, offering customers higher interest rates to shore up funding and meet demand for deferrals and loans, despite a drop in official interest rates to a. . .  Full story

J.C. Penney furloughs staff, extends store closures amid pandemic

31/03 J. C. Penney Co Inc said on Tuesday it would furlough a majority of its hourly staff and salaried associates next month, the latest U.S. retailer looking to weather the financial strain from store. . .  Full story

U.S. consumer confidence approaches three-year low

31/03 U.S. consumer confidence dropped to a near three-year low in March as households worried about the economy's near-term outlook amid the coronavirus pandemic, which has upended life for Americans.. . .  Full story

U.S. crude oil output falls for second month in a row in January

31/03 U.S. crude oil output fell to 12.7 million barrels per day (bpd) in January from 12.8 million bpd in December, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday.. . .  Full story

Bank of Montreal CEO says fossil fuel divestment not a 'productive solution'

31/03 Divesting from the fossil fuel industry is not a productive solution to climate concerns and collapsing energy prices, according to Bank of Montreal , which is working with oil and gas clients on a case-by-case. . .  Full story

U.S. debt to surge by $1.4 trln next quarter - Wells Fargo

31/03 The U.S. government is likely to increase its debt by $1.4 trillion in the second quarter, as it raises cash to finance stimulus that is meant to blunt the economic impact of the coronavirus. . .  Full story

OPEC rift widens as group fails to set date for emergency talks

31/03 A rift in the Organization of the Petroleum Exporting Countries (OPEC) has widened after members failed to agree unanimously on an emergency low-level meeting to discuss a market collapse that has seen global oil prices. . .  Full story

Delphi shares tank as BorgWarner threatens to abandon takeover deal

31/03 U.S. auto parts company BorgWarner Inc on Tuesday threatened to walk away from its $1.5 billion deal to buy Delphi Technologies after it drew down credit without seeking approval, sending shares of the UK-based company. . .  Full story

YOUR MONEY: How to apply past financial lessons to today’s coronavirus crisis

31/03 When the world feels like it is ending, it can be comforting to look to history and see that such global convulsions have happened before and the earth kept on turning.. . .  Full story

Chevron's Venezuela oil joint ventures cut fieldwork -sources

31/03 Chevron Corp's joint ventures with Venezuelan state oil company Petroleos de Venezuela have cancelled service contracts and procurement processes in recent weeks, three people with knowledge of the matter said.. . .  Full story

Latest on the spread of the coronavirus around the world

31/03 Countries affected by the novel coronavirus around the world extended restrictions and looked for new measures to aid the virus-hit economies as WHO warned the epidemic is "far from over" in the Asia-Pacific region.. . .  Full story

Turkey's Halkbank pleads not guilty to U.S. criminal charges

31/03 Turkey's state-owned Halkbank on Tuesday pleaded not guilty to criminal charges in a federal court in Manhattan that it helped Iran evade U.S. sanctions, in a case that has strained relations between the United States. . .  Full story

Saudi Aramco asks service firms to support oil output hike - source

31/03 Saudi Aramco has asked key energy service companies to support its plans to lift oil production to its maximum capacity of 12 million barrels per day from April 1 "for the foreseeable future", a. . .  Full story

U.S. consumer confidence falls to near three-year low

31/03 U.S. consumer confidence dropped to near a three-year low in March as households worried about the economy's near-term outlook amid the coronavirus pandemic, which has upended life for Americans.. . .  Full story

Beijing local financial regulator grants Oaktree outbound investment quota

31/03 U.S. distressed asset manager Oaktree has received an outbound investment quota in the Beijing municipality worth $500 million, the Chinese capital's local financial regulator said on Tuesday,. . .  Full story

Bank of Canada expected to buy C$200 billion of debt as it embraces QE

31/03 The Bank of Canada is likely to buy about C$200 billion of government debt after announcing its first quantitative easing program, which would nearly triple the amount of assets on the central bank's balance. . .  Full story

TSX rises as oil surge boosts energy stocks

31/03 Canada's main stock index rose 2% on Tuesday, as a jump in oil prices boosted energy stocks after the United States and Russia agreed to talks aimed at stabilizing the industry.. . .  Full story

Cash-starved Latam companies rush for credit as govt help lags

31/03 Latin American companies from oil behemoth Petrobras to cement maker Cemex, facing drastic coronavirus-linked revenue declines, are rushing to draw down credit lines amid a shutdown in local bond markets and a paucity of state. . .  Full story

IMF extends bilateral borrowing arrangements through 2023

31/03 The International Monetary Fund said on Tuesday its board approved a new three-year framework for bilateral borrowing agreements, ensuring that its full $1 trillion lending capacity will be maintained as member countries battle the coronavirus. . .  Full story

Tech giants such as Google, Facebook seek to defer Indian digital tax - sources

31/03 Big U.S. tech firms such as Google and Facebook plan to seek deferment of a new Indian digital tax, which has caught them off-guard as businesses battle the fallout from the coronavirus pandemic, three industry. . .  Full story

Amarin loses patent lawsuit on main drug, shares tumble

31/03 Shares of Amarin Corp plunged nearly 70% on Tuesday after the drugmaker lost a major U.S. patent battle for its heart drug Vascepa, opening the door for generic competition to its main revenue contributor.. . .  Full story

Norway does not plan oil output cut despite price fall

31/03 Norway's oil production remains profitable despite the recent plunge in prices and it does not plan to shut output, the country's Minister of Petroleum and Energy said on Tuesday.. . .  Full story

Huawei warns China will strike back against new U.S. restrictions

31/03 Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which dealt a blow to its overseas sales in 2019, and predicted the Chinese government would retaliate. . .  Full story

Diamondback Energy cuts 2020 production forecast

31/03 Oil and gas producer Diamondback Energy Inc cut its full-year 2020 production forecast by about 5% on Tuesday as it curtailed drilling activity and curbed spending to cope with a slump in oil prices.. . .  Full story

U.S. regional carriers ask govt to prioritize them when awarding payroll grants

31/03 U.S. regional carriers asked the U.S. Treasury Department on Monday to prioritize assistance for them when awarding $25 billion in cash grants to help the struggling industry stay afloat, according to a letter seen by. . .  Full story

HelloFresh shares at record high on coronavirus sales boost

31/03 Shares in meal-kit delivery firm HelloFresh jumped to a record high on Tuesday after it said it expected strong first-quarter sales and profit due to a surge in demand as coronavirus lockdowns prompt more people. . .  Full story

Finland increases stake in Nokian Tyres, shares rebound

31/03 Finland's state investment arm Solidium said on Tuesday it had increased its stake in Nokian Tyres , sending the Finnish tyre maker's share up more than 15%.. . .  Full story

Global M&A dwindles as coronavirus batters world’s economies

31/03 Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to. . .  Full story

U.S. airlines must suggest possible compensation for cash grants -Treasury

31/03 Airlines must suggest possible compensation in return for government cash assistance and agree to conditions that include not cutting pay or laying off employees through Sept. 30, the U.S. Treasury Department said in guidelines issued. . .  Full story

Coronavirus cases reported at 19 of Amazon's U.S. warehouses

31/03 Inc is at the front line of responding to outbreaks of the novel coronavirus in the United States, delivering essential goods while more than half the population faces government stay-at-home orders.. . .  Full story

Instacart, Amazon workers strike as labor unrest grows during coronavirus crisis

31/03 Warehouse, delivery and retail gig workers in the United States went on strike on Monday to call attention to safety and wage concerns for people laboring through the coronavirus crisis.. . .  Full story

Coronavirus could force GM to delay its redesigned 2021 SUVs

31/03 General Motors told suppliers on Monday it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and suggested it could delay the planned launch in. . .  Full story

U.S. senators urge coronavirus delay to June 1 USMCA trade deal start date

31/03 A bipartisan group of 19 U.S. senators urged the Trump administration to push back the planned June 1 start date for the new U.S.-Mexico-Canada trade pact, saying the short lead time would add to. . .  Full story

U.S., Russia agree to oil market talks as Trump calls price war 'crazy'

31/03 U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday to have their top energy officials discuss slumping global oil markets, the Kremlin said, as Trump called Russia's price. . .  Full story

World Bank urges G20 to refrain from export restrictions for pandemic supplies

31/03 The World Bank on Monday urged the Group of 20 major economies (G20) to refrain from imposing new export restrictions on critical medical supplies, food or other key products as the world battles the. . .  Full story

U.S. commercial paper rates fall as Fed's interventions take hold

31/03 Rates on U.S. short-term corporate loans fell on Friday, suggesting that investors had begun to respond to the Federal Reserve's interventions to return liquidity to the market, according to data released on Monday by the. . .  Full story

LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads

31/03 LendingClub Corp on Monday cut loan approval rates for some high-risk borrowers and increased income and employment verification requirements, in a sign that alternative lenders could pull back from lending as the coronavirus crisis deepens.. . .  Full story

U.S. hog futures tumble by expanded daily limit, cattle ease

31/03 U.S. lean hog futures on Monday sank by an expanded daily limit and cattle futures weakened on increased concerns that slaughterhouses will close due to the spread of the coronavirus.. . .  Full story

Two Texas shale producers ask state to curtail oil output

30/03 Texas shale producers Pioneer Natural Resources and Parsley Energy on Monday formally asked Texas regulators to curtail oil production for the first time in nearly 50 years.. . .  Full story

Ford, GE to produce 50,000 ventilators in 100 days

30/03 Ford Motor Co said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric's healthcare unit, and can then build 30,000 per. . .  Full story

Benchmark yield recovers in late trading

30/03 Longer-term U.S. Treasury yields recovered from lows in late trading on Monday as investors looked to some positive healthcare news and took signs from a stock market rally. The benchmark 10-year. . .  Full story

Fiat Chrysler executives, salaried employees to take pay cuts during coronavirus pandemic

30/03 Fiat Chrysler Automobiles NV's top executives and salaried workers around the globe will take pay cuts in an act of "shared sacrifice" brought on by the coronavirus pandemic that has shuttered the automaker's plants in. . .  Full story

Macy's, Kohl's, Gap turn to mass furloughs as virus crisis deepens

30/03 Major U.S. retailers Macy's Inc, Kohl's Corp and Gap Inc said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread. . .  Full story

Visa transaction volumes hurt as coronavirus crisis deepens

30/03 Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter.. . .  Full story

J&J, Moderna sign deals with U.S. to produce huge quantity of possible coronavirus vaccines

30/03 The U.S. government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to prepare them to produce massive quantities of coronavirus. . .  Full story

Oil pipeline, producer standoff prompts new call for Texas shale curbs

30/03 As a weekend standoff over oil shipments emerged between Texas pipeline operators and shale producers, a state energy regulator has renewed his controversial call for mandated 10% cuts to address a growing a crude glut.. . .  Full story

Air Canada to furlough employees as coronavirus slams industry

30/03 Air Canada said on Monday it will cut second quarter capacity by 85%-90%, place about 15,200 unionized employees off duty and furlough about 1,300 managers as the coronavirus pandemic takes a toll on global. . .  Full story

Workers go on strike at Amazon delivery site in Italy amid coronavirus

30/03 Around one-third of those working at an Amazon delivery station in central Italy went on strike on Monday, a union representative said, citing a request for enhanced safety measures for workers amid the coronavirus health. . .  Full story

U.S. to finalize fuel efficiency rewrite through 2026 -sources

30/03 The Trump administration plans to announce on Tuesday it is finalizing its effort to roll back Obama era vehicle emissions rules and will mandate average annual increases in fuel efficiency standards of 1.5% through 2026,. . .  Full story

Corn slumps as ethanol makers feel coronavirus constraints

30/03 U.S. corn futures fell more than 1% on Monday on slowing grain demand from ethanol makers, as tightening coronavirus pandemic travel restrictions limited demand for the biofuel.. . .  Full story

Wall Street rallies, led by healthcare jump

30/03 U.S. stocks rose on Monday, led in part by healthcare stocks as investors looked for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread. . .  Full story

Canadian pension scheme CDPQ to help coronavirus-hit firms with C$4 billion fund

30/03 Caisse de dépôt et placement du Québec (CDPQ), one of Canada's biggest state pension investors, said on Monday it would create a C$4 billion fund to support companies in Québec advers. . .  Full story

Russia sets up oil company as Rosneft leaves Venezuela

30/03 Russia has sets up an oil company called Roszarubezhneft just as energy giant Rosneft sold its business in Venezuela to an undisclosed company owned by the Russian government, the data for the state registry showed. . .  Full story

JPMorgan plans to raise up to $10 bln for alternative investments - source

30/03 JPMorgan Chase & Co's alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, a source familiar with the matter said. . .  Full story

AmEx to avoid job cuts as it rides out coronavirus storm

30/03 American Express Co will avoid job cuts in 2020 as the credit card issuer "rides out the storm" brought on by the coronavirus pandemic, Chief Executive Officer Steve Squeri said in a video . .  Full story

Highlights of Canada's stimulus measures to fight coronavirus outbreak

30/03 * Export Development Canada and Business Development Bank to get additional C$12.5 billion ($8.82 billion) to provide guaranteed loans to small- and medium-sized businesses.. . .  Full story

Bostic: Fed programs could be broadened if they have missed important parts of economy

30/03 As U.S. officials role out trillions of dollars in new economic support, a Federal Reserve policymaker on Monday said focus will now shift to whether those programs prove adequate or need to be expanded. . .  Full story

Exor stake values U.S.-based Via Transportation at $2.25 bln

30/03 Italy's Exor said on Monday it had agreed to pay $200 million for an 8.87% stake in U.S.-based shared mobility company Via Transportation, in what would be the first step by the Agnelli family's. . .  Full story

Coronavirus drives U.S. March auto sales off a cliff

30/03 U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further. . .  Full story