April, 2020

• 16 April

  Emirates adds three flights to Manila

  Dubai / Emirates Business To help more Filipinos in the UAE get home, Emirates plans to operate three more flights from Dubai to Manila next week, on 20, 22 and 24 April. Flights can be booked on emirates.com or via travel agents. This follows the successful operation of two flights to Manila this week which have already brought many Filipino ...

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• 16 April

  Top LNG buyers seek cargo delays as virus cuts demand

  

  Bloomberg The world’s top buyers of liquefied natural gas (LNG) are seeking to defer shipments as the coronavirus pandemic cripples demand and forces more of the heating and power fuel into storage that is nearing capacity. The move signals that efforts to contain the spread of the virus may impact energy consumption far into this year and possibly 2021, worsening ...

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• 16 April

  Italy’s Enel seeks 50% financial partner for Africa renewable unit

  

  Bloomberg Enel SpA is looking for a financial partner to buy as much as 50% of its African renewable business as the Italian energy giant looks to extend wind and solar power projects across the continent. The search for a company to form a joint venture started before the coronavirus outbreak stalled the regional economy and will continue regardless, a ...

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• 16 April

  US crude glut turns Canadian pipeline problem on its head

  

  Bloomberg The worldwide coronavirus pandemic that’s caused oil demand to plummet has turned the Canadian oil patch’s biggest problem on its head. Rather than having too few oil pipelines, the province now has too many. The collapse in oil demand caused by people staying home has reduced US demand for Canadian crude, leaving pipelines struggling to stay full. After more ...

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• 16 April

  Air pollution’s insidious link to Covid-19 pandemic

  

  Bloomberg Even before the pandemic struck, outdoor air pollution was linked to the deaths of as many as nine million people each year. Now two new studies show that Covid-19 patients are more likely to die if they live in regions with high levels of air pollution. Air pollution affects human health in insidious ways. The burning of fossil fuels ...

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• 16 April

  Tycoon sees Oklahoma adopting oil-output limits

  Bloomberg Continental Resources Inc founder Harold Hamm told Texas oil regulators he expects neighbouring Oklahoma to adopt crude-production limits in a bid to bolster energy prices. Hamm’s comments came during a marathon hearing of the Texas Railroad Commission on whether to enact quotas amid the worst crude-market crash on record. Oklahoma, the fourth-largest US oil-producing state, plans to consider imposing ...

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• 16 April

  European stocks rise with US futures; dollar extends gain

  

  Bloomberg European stocks rose alongside US equity futures on Thursday, trimming some losses from a day earlier as investors seeking to gauge the extent of damage caused by the coronavirus await the next set of corporate earnings and economic data. The dollar extended gains. The Stoxx Europe 600 Index opened higher with all sectors and major national gauges in the ...

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• 16 April

  Indian stocks rise in volatile trading season

  

  Bloomberg Indian stocks rose in a volatile trading session, as investors mulled the outlook for company earnings after software services provider Wipro Ltd. declined to provide guidance for the first time since 2009. The S&P BSE Sensex advanced 0.8% to 30,618.57 as of 12:56 pm in Mumbai, after swinging between a loss of as much as 1.2% and a gain ...

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• 16 April

  Recession fears, stimulus fuel record gold ETF inflow

  Bloomberg Investors are pouring money into exchange-traded funds tracking gold amid expectations of a global recession and massive stimulus from central banks and governments. BlackRock’s iShares Gold Trust, ticker IAU, took in $486 million, its largest one-day inflow on record, according to data compiled by Bloomberg. At the same time, State Street’s SPDR Gold Shares, or GLD, has seen 10 ...

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• 16 April

  BofA joins rivals in setting aside billions for loan losses

  

  Bloomberg Bank of America Corp. (BofA) followed two big rivals in setting aside billions of dollars for loans likely to sour amid an almost total US economic shutdown. Profit plunged 45% as the company allocated $4.76 billion for loan losses, the most since 2010, as businesses and households reel from the coronavirus pandemic. The bank joins competitors JPMorgan Chase & ...

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