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   NEWS: REUTERS COMPANY NEWS
Reuters Company News
Mar 28, 2020

UPDATE 1-Canada to block people with COVID-19 symptoms from domestic flights, trains
Canada will not allow anyone displaying symptoms of the COVID-19 respiratory illness to board domestic flights or inter-city passenger trains, Prime Minister Justin Trudeau said on Saturday, the latest travel restriction aimed at curbing the coronavirus outbreak.

Reuters Company News
Mar 28, 2020

Russia's Rosneft says company defends its shareholders by leaving Venezuela
A decision by Russian oil major Rosneft to terminate its operations in Venezuela is aimed at defending its shareholders, Rosneft's spokesman Mikhail Leontiev told Reuters on Saturday.

Reuters Company News
Mar 28, 2020

UPDATE 1-Russia's Rosneft terminates Venezuela operations
Russia's largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there.

Reuters Company News
Mar 28, 2020

UPDATE 4-Turkey limits transport, opposition calls for 'stay at home' order over virus
Turkey halted inter-city trains and limited domestic flights on Saturday, as the main opposition called for a stay-at-home order after coronavirus cases surged to more than 7,000.

Reuters Company News
Mar 28, 2020

Russia's Rosneft terminates Venezuela operations
Russia's largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there.

Reuters Company News
Mar 28, 2020

UPDATE 2-U.S. coronavirus cases surge past 115,000; Trump mulls New York quarantine
The number of known coronavirus U.S. cases soared well past 115,000, with more than 1,900 dead, as President Donald Trump said on Saturday he was considering imposing a quarantine on the hard hit New York region.

Reuters Company News
Mar 28, 2020

Merck and Bayer's heart drug vericiguat meets primary efficacy endpoint in Phase 3 study
Merck & Co Inc said on Saturday that vericiguat, an investigational drug for patients with worsening chronic heart failure, met the primary efficacy endpoint in the VICTORIA trial.

Reuters Company News
Mar 28, 2020

UPDATE 1-U.S. coronavirus cases surge past 100,000 as doctors protest over medical shortages
The sum of known coronavirus U.S. cases soared well past 100,000, with more than 1,600 dead, as weary doctors and nurses protested at shortages of scarce medical supplies that some have to keep under lock and key or even buy on the black market.

Reuters Company News
Mar 28, 2020

UPDATE 3-Turkey limits transport, opposition calls for 'stay at home' order over virus
Turkey halted inter-city trains and limited domestic flights on Saturday, as the main opposition called for a stay-at-home order after coronavirus cases jumped by a third in a day.

Reuters Company News
Mar 28, 2020

UPDATE 2-Turkey limits transport, opposition calls for 'stay-at-home' order over virus
Turkey halted inter-city trains and limited domestic flights on Saturday, as the main opposition called for a stay-at-home order after coronavirus cases jumped by a third in a day.

Reuters Company News
Mar 28, 2020

RPT-U.S. coronavirus cases surpass 100,000 as doctors cope with medical shortages
The sum of known coronavirus U.S. cases soared well past 100,000, with more than 1,600 dead, as weary doctors and nurses coping with shortages resorted to extremes ranging from hiding scarce medical supplies to buying them on the black market.

Reuters Company News
Mar 28, 2020

UPDATE 1-Jakarta extends state of emergency after surge in coronavirus cases
Indonesia's capital Jakarta announced a two-week extension of its state of emergency following the nationwide surge in coronavirus cases, its governor said on Saturday.

Reuters Company News
Mar 28, 2020

UPDATE 2-Merkel thanks compliant Germans, shutdown to continue until at least April 20
Germans have been largely complying with rules to prevent the spread of coronavirus, Chancellor Angela Merkel said on Saturday, as confirmed cases in the country continued to rise and her chief of staff said the shutdown would not be eased before April 20.

Reuters Company News
Mar 28, 2020

S.African billionaire Motsepe donates $57 mln to fight coronavirus
South African billionaire businessman Patrice Motsepe said on Saturday his group of companies would donate 1 billion rand ($57 million) to help fight the coronavirus outbreak that has forced the country into total lockdown as infections climb.

Reuters Company News
Mar 28, 2020

U.S. coronavirus cases surpass 100,000 as doctors cope with medical shortages
The sum of known coronavirus U.S. cases soared well past 100,000, with more than 1,600 dead, as weary doctors and nurses coping with shortages resorted to extremes ranging from hiding scarce medical supplies to buying them on the black market.

Reuters Company News
Mar 28, 2020

UPDATE 1-Turkey halts intercity trains, limits domestic flights over virus outbreak
Turkey halted all intercity trains and limited domestic flights on Saturday as part of measures to contain a fast-growing coronavirus outbreak, as the number of cases jumped by a third in a day to 5,698, with 92 dead.

Reuters Company News
Mar 27, 2020

UPDATE 1-SoftBank-backed OneWeb files for Chapter 11 bankruptcy plan, cuts jobs
OneWeb, the satellite operator backed by Japan's SoftBank Group Corp, said it has filed for Chapter 11 bankruptcy to pursue a sale of its business and and has cut its workforce amid the coronavirus outbreak.

Reuters Company News
Mar 27, 2020

UPDATE 5-'Help us': After deaths on coronavirus-hit ship, guests clamor to leave
Four passengers have died on a cruise ship off the Pacific coast of Panama and more than 130 others aboard are suffering from influenza-like symptoms, at least two of whom have the coronavirus, the vessel's operator said on Friday.

Reuters Company News
Mar 27, 2020

UPDATE 7-As U.S. virus cases exceed 100,000, doctors decry scarcity of drugs and equipment
* Trump invokes Defense Production Act (Updates with latest U.S. case and death tallies)

Reuters Company News
Mar 27, 2020

UPDATE 1-Canada's top lenders cut prime rates after central bank's surprise move
Canada's top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key interest rate to help the county weather the economic fallout of the coronavirus pandemic.

Reuters Company News
Mar 27, 2020

Satellite operator OneWeb files for Chapter 11 bankruptcy plan
OneWeb, the satellite operator backed by SoftBank Group Corp has filed for a voluntary Chapter 11 bankruptcy plan to pursue a sale of its business, the company said late on Friday.

Reuters Company News
Mar 27, 2020

CORRECTED-Apple's factories are running, but suppliers wary about iPhone demand
As China reopens its economy after months of lockdown, Apple Inc's iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for the company is how many buyers there will be both for current models and the new slate of phones expected in the fall.

Reuters Company News
Mar 27, 2020

Brazil judge allows Batista brothers to attend board meetings at family company
A Brazilian court on Friday allowed billionaire brothers Wesley and Joesley Batista to attend board meetings at their family company, J&F Investimentos, despite a ban on them taking leadership posts due to a landmark corruption case.

Reuters Company News
Mar 27, 2020

REFILE-U.S. ventilator makers pull out all stops to fight coronavirus
As U.S. demand for ventilators skyrockets during the coronavirus pandemic, smaller medical device makers are simplifying their designs and pushing other work aside to make more of the devices.

Reuters Company News
Mar 27, 2020

Abbott wins U.S. approval for test that can detect coronavirus in minutes
Abbott Laboratories said on Friday it won U.S. marketing approval for a diagnostic test for the coronavirus that can deliver results to patients within minutes and be used in physicians offices and urgent care clinics, as well as hospitals.

Reuters Company News
Mar 27, 2020

UPDATE 1-GM reaches settlement over lost vehicle value from defective ignition switches
General Motors Co has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths.

Reuters Company News
Mar 27, 2020

UPDATE 5-Trump tells GM: Stop 'wasting time', build ventilators to address coronavirus
U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of "wasting time" during negotiations.

Reuters Company News
Mar 27, 2020

Canada's top lenders cut prime rates after central bank's surprise move
Canada's top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key interest rate to help the county weather the economic fallout of the coronavirus pandemic.

Reuters Company News
Mar 27, 2020

Fed action pushes top-rated U.S. corporate bond issuance to record
U.S. companies raised a record $109.1 billion through investment-grade bond sales this week, as corporate America hoarded cash following measures unveiled on Monday by the Federal Reserve to backstop the market for high-quality debt.

Reuters Company News
Mar 27, 2020

UPDATE 1-Trump to meet next week on next steps for virus battle, says U.S. to make 100,000 ventilators
President Donald Trump said on Friday that he would meet advisers early next week to discuss the next steps in fighting the coronavirus and the possibility of opening the U.S. economy, and said the United States would produce 100,000 ventilators in 100 days.

Reuters Company News
Mar 27, 2020

Mexico's Orbia draws $1 billion from credit line due to economic uncertainty and coronavirus
Mexican plastic pipe and chemicals company Orbia Advance Corporation said on Friday it drew down $1 billion from its revolving credit line.

Reuters Company News
Mar 27, 2020

GM reaches $120 mln settlement over lost vehicle value from defective ignition switches
General Motors Co has reached a $120 million settlement with drivers who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths.

Reuters Company News
Mar 27, 2020

Mexico's oil export basket price drops to $13.01/bbl - Pemex
The price of Mexico's oil export basket fell to $13.01 per barrel on Friday, down 11.32% from $14.67 per barrel the previous day, state oil company Pemex said. (Reporting by Adriana Barrera; Writing by Daina Beth Solomon)

Reuters Company News
Mar 27, 2020

UPDATE 3-Treasury: U.S. will be 'compensated' for assistance to airlines
U.S. Treasury Secretary Steve Mnuchin said on Friday that taxpayers will "compensated" for providing up to $25 billion in direct grants to the airline industry.

Reuters Company News
Mar 27, 2020

Brazil beef exports to China rise in March -sources
Brazil's main buyer of beef, China, has resumed imports of Brazilian meat in high quantities, after a slowdown in the first two months of the year due to the coronavirus outbreak, industry sources told Reuters.

Reuters Company News
Mar 27, 2020

Oklahoma energy producer Chaparral seeks debt advice - sources
Chaparral Energy Inc is working with debt restructuring advisers as it looks to shore up its cash position at a time of financial distress for U.S. oil and gas producers, people familiar with the matter said on Friday.

Reuters Company News
Mar 27, 2020

Trump says U.S. will make 100,000 ventilators in 100 days
U.S. President Donald Trump said on Friday the United States would produce 100,000 ventilators in 100 days and said he had named White House aide Peter Navarro as the coordinator of the Defense Production Act.

Reuters Company News
Mar 27, 2020

UPDATE 3-U.S. airlines cheer government relief but warn it is no 'cure' for deep industry crisis
United Airlines Holdings Inc and Delta Air Lines welcomed on Friday a $50 billion relief package they said would protect jobs through September but warned that the continued challenges facing the industry will require more action.

Reuters Company News
Mar 27, 2020

UPDATE 4-As U.S. cases exceed 100,000, doctors decry scarcity of drugs and equipment
* Trump invokes Defense Procurement Act (Recasts with latest case and death figures; color from New Orleans; nurses hiding masks)

Reuters Company News
Mar 27, 2020

UPDATE 1-European airlines resist mounting coronavirus refund claims
* Consumer groups say many flouting rules (Adds details on easyJet, BA refund changes, comments)

Reuters Company News
Mar 27, 2020

REFILE-Canadian agency says Air Canada-Transat deal likely to reduce competition
The Canadian Competition Bureau said on Friday that the proposed sale of tour operator Transat A.T. Inc to Air Canada would likely result in a substantial lessening or prevention of competition in the sale of air travel or vacation packages to Canadians.

Reuters Company News
Mar 27, 2020

US STOCKS-Wall Street tumbles as U.S. virus cases pass 100,000
* Indexes: Dow -4.06%, S&P 500 -3.37%, Nasdaq -3.79% (Updates number of U.S. infections, deaths)

Reuters Company News
Mar 27, 2020

Western Union withdraws 2020 outlook on coronavirus concerns
Western Union Co, the world's largest money transfer firm, said on Friday it is withdrawing its full-year financial outlook amid the coronavirus pandemic.

Reuters Company News
Mar 27, 2020

GLOBAL MARKETS-Stocks down on virus' economic toll; dollar falls further
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh (Updates to market close, adds stimulus signed into law)

Reuters Company News
Mar 27, 2020

UPDATE 2-Nigeria needs $330 million for coronavirus battle, turns to private sector
Nigeria has appealed to private companies to make voluntary contributions towards the 120 billion naira ($330 million) the government says it needs to fight the coronavirus epidemic.

Reuters Company News
Mar 27, 2020

UPDATE 4-Trump tells GM: Stop 'wasting time', build ventilators to address coronavirus
U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of "wasting time" during negotiations.

Reuters Company News
Mar 27, 2020

U.S. ventilator makers pull out all stops to fight coronavirus
As U.S. demand for ventilators skyrockets during the coronavirus pandemic, smaller medical device makers are simplifying their designs and pushing other work aside to make more of the devices.

Reuters Company News
Mar 27, 2020

MEDIA-Google's right-to-be-forgotten fine toppled by French court - Bloomberg News
-- Note: Reuters has not verified this story and does not vouch for its accuracy

Reuters Company News
Mar 27, 2020

US STOCKS-Wall Street tumbles as U.S. virus cases pass 85,000
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.

Reuters Company News
Mar 27, 2020

UPDATE 1-Microsoft to divest AnyVision stake, end face recognition investing
Microsoft Corp said on Friday it was divesting its stake in Israeli facial recognition startup AnyVision and that it was updating its policies so it no longer would make minority investments in companies that sell the controversial technology.

Reuters Company News
Mar 27, 2020

U.S. airlines expect clarity on terms of payroll grants in 5-10 days -UAL senior executives
U.S. airlines expect to learn the terms of federal aid meant to protect workers' payrolls in the midst of a sharp downturn from the coronavirus in the next five to 10 days, senior executives at United Airlines Holdings Inc said on Friday.

Reuters Company News
Mar 27, 2020

MEDIA-Debt-laden Party City taps restructuring firm after sales plunge - Bloomberg News
-- Note: Reuters has not verified this story and does not vouch for its accuracy

Reuters Company News
Mar 27, 2020

Trump says thousands of ventilators will be produced
U.S. President Donald Trump said on Friday that he expected thousands of urgently needed ventilators will be produced as part of the United States' response to the coronavirus pandemic.

Reuters Company News
Mar 27, 2020

Microsoft gives clean chit to Israeli facial recognition startup on its work
Microsoft Corp said on Friday a probe found that an Israeli facial recognition startup it funded is not enabling a mass surveillance program in the West Bank as reported by some media outlets.

Reuters Company News
Mar 27, 2020

MEDIA-Braemar offers luxury hotels as virus hits room demand - Bloomberg News
-- Note: Reuters has not verified this story and does not vouch for its accuracy

Reuters Company News
Mar 27, 2020

UPDATE 8-Oil plunges posting fifth straight weekly loss despite stimulus efforts
* Interactive graphics on oil market: https://reut.rs/39ieums (Updates with settlement prices)

Reuters Company News
Mar 27, 2020

Bank of America capital levels allow operational focus during crisis - CEO
Bank of America Corp is better positioned to focus on operations rather than financial risk during the coronavirus outbreak, thanks to regulatory safeguards put in place after the financial crisis in 2008, Chief Executive Brian Moynihan said on Friday.

Reuters Company News
Mar 27, 2020

UPDATE 2-Trump blasts GM, Ford over ventilators; could order action
U.S. President Donald Trump blasted General Motors Co and Ford Motor Co on Friday, calling on the two U.S. automakers to quickly build badly needed ventilators for COVID-19 patients and suggesting he might invoke the Defense Production Act to force the companies to move faster.

Reuters Company News
Mar 27, 2020

UPDATE 2-Chile's Codelco copper output drops 5.3% in 2019, profits plunge
Chile's state-run Codelco said on Friday output had dropped 5.3% in 2019, driving profits down sharply as the world's top copper producer continues to battle with rising costs and falling ore grades at its aging deposits.

Reuters Company News
Mar 27, 2020

Brazil central bank calls for emergency bond-buying powers -document
Brazil's central bank is proposing a constitutional amendment allowing it to buy government bonds and "public or private financial assets" to help it manage the current economic crisis, according to a draft document seen by Reuters on Friday.

Reuters Company News
Mar 27, 2020

UPDATE 1-Falling Latam demand deprives U.S. refiners of top customers
Latin American demand for refined products is rapidly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their main export destination.

Reuters Company News
Mar 27, 2020

UPDATE 2-Swiss tap pharmaceutical reserves as coronavirus deaths rise
Switzerland has begun tapping its strategic stockpile of pharmaceuticals to cover rising demand caused by the coronavirus epidemic, the government said on Friday amid a "vigorous" rise in the country's death toll and number of infections.

Reuters Company News
Mar 27, 2020

Toyota to make face masks in U.S. to aid coronavirus battle
Toyota Motor Corp's North American unit said on Friday it would produce face shields, ventilators and respirators, as the death toll from the coronavirus exceeds 1,200 in the United States.

Reuters Company News
Mar 27, 2020

UPDATE 1-Equinor to quit U.S. lobby group over climate policy
Equinor will leave industry the Independent Petroleum Association of America (IPAA) lobby group over a disagreement on climate policy, the energy producer said on Friday.

Reuters Company News
Mar 27, 2020

UPDATE 7-Oil plunges more than 5% despite stimulus efforts
* Interactive graphics on oil market: https://reut.rs/39ieums (New throughout, updates prices, market activity and comments; new byline, changes dateline, previously LONDON)

Reuters Company News
Mar 27, 2020

Vedanta CEO S Venkatakrishnan resigns for personal reasons
Miner Vedanta Ltd said on Friday Chief Executive Officer S Venkatakrishnan has resigned, effective April 5, due to personal reasons.

Reuters Company News
Mar 27, 2020

Forex volatility to make providers hike prices-Walmart de Mexico
Walmart de Mexico said on Friday that foreign exchange fluctuations will make its providers increase some of their prices, pointing to the depreciation of the peso and other currencies during the coronavirus crisis.

Reuters Company News
Mar 27, 2020

IMF's Georgieva tells CNBC - No way to get to strong recovery without containment
The head of the International Monetary Fund on Friday underscored the importance of strong containment measures to get control of the coronavirus pandemic, and to lay the groundwork for a strong recovery in 2021.

Reuters Company News
Mar 27, 2020

UPDATE 1-Apple works with White House to release 'COVID-19' app, website
Apple Inc and the White House said on Friday that the iPhone maker worked with the Trump administration and federal agencies to release an app and website that will direct users to guidance from the Centers for Disease Control on the disease caused by the coronavirus.

Reuters Company News
Mar 27, 2020

Apple works with White House to release 'COVID-19' app
Apple Inc and the White House said on Friday that the iPhone maker worked with the Trump administration and federal agencies to release an app that will direct users to guidance from the Centers for Disease Control on the disease caused by the coronavirus.

Reuters Company News
Mar 27, 2020

US STOCKS-Wall St slumps after three-day rally as virus threat intensifies
* Indexes fall: Dow 2.64%, S&P 2.35%, Nasdaq 2.42% (Updates to late morning, adds comment)

Reuters Company News
Mar 27, 2020

GLOBAL MARKETS-Stocks fall as virus uncertainty lingers; dollar set for weekly loss
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh (Updates prices, changes comment, byline, dateline; previous LONDON)

Reuters Company News
Mar 27, 2020

Brazil central bank asks for authorization to buy debt directly
Brazil's central bank will ask Congress for a constitutional amendment allowing it to buy debt directly to help ease market stress during the coronavirus outbreak, bank chief Roberto Campos Neto said on Friday.

Reuters Company News
Mar 27, 2020

UPDATE 1-Global watchdog defers bank capital rules to 2023 due to epidemic
* Banks had wanted the rules to be watered down (Adds more detail)

Reuters Company News
Mar 27, 2020

Virgin Atlantic set to ask for state aid - FT
UK-based airline Virgin Atlantic will ask the British government for a package of commercial loans and guarantees worth hundreds of millions of pounds, the Financial Times reported https://www.ft.com/content/c2d817d9-8a73-4bb8-89e7-e5ca67ed41d7 on Friday, citing people familiar with the matter.

Reuters Company News
Mar 27, 2020

UPDATE 1-UK's Gatwick airport to shut one of its two terminals as virus hits demand
London's second-busiest airport, Gatwick, said on Friday it would shut one of its two terminals next week following a collapse in flight numbers and government restrictions on unnecessary trips.

Reuters Company News
Mar 27, 2020

Panel of EU healthcare regulator recommends approving Novartis' Zolgensma
A committee of the European health regulator on Friday recommended approving Swiss drugmaker Novartis AG's gene therapy Zolgensma for a muscle wasting disease in babies and young children.

Reuters Company News
Mar 27, 2020

UPDATE 2-Indian lockdown disrupts Amazon, Flipkart deliveries -sources
* Problems include curfew passes for delivery staff -sources (Adds Amazon statement)

Reuters Company News
Mar 27, 2020

UPDATE 6-Oil falls as demands fears outweigh stimulus efforts
* Interactive graphics on oil market: https://reut.rs/39ieums (Updates prices, adds Russian energy minister)

Reuters Company News
Mar 27, 2020

SLM Solutions to raise $66 mln in Elliott-backed convertible bond
German 3D printing specialist SLM Solutions, whose top shareholder is activist fund Elliott, plans to raise 60 million euros ($66 million) in financing via a three-tranched convertible bond, it said on Friday.

Reuters Company News
Mar 27, 2020

CANADA STOCKS-TSX opens lower for first time in 4 days as coronavirus crisis deepens
Canada's main stock index opened lower for the first time in four sessions on Friday, as concerns over the rapidly spreading coronavirus outweighed optimism around a stimulus package.

Reuters Company News
Mar 27, 2020

Lufthansa applies for short-time work for 31,000 employees
Lufthansa has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, a spokesman said on Friday, as Germany's flagship carrier has slashed flights due to the coronavirus outbreak.

Reuters Company News
Mar 27, 2020

US STOCKS SNAPSHOT-Wall Street tumbles after stellar rally as virus fears grow
U.S. stock indexes fell sharply at the open on Friday, following the S&P 500 and the Dow's best three-day run in nearly a century, as fears about the economic damage from the rapidly spreading coronavirus returned to the forefront.

Reuters Company News
Mar 27, 2020

UPDATE 1-Swiss death toll from coronavirus hits 197, cases top 12,000
The Swiss death toll from the coronavirus hit 197 people on Friday, the health ministry said, up from 161 on Thursday, as the country makes drugs including painkillers from strategic reserves available to cover growing demand.

Reuters Company News
Mar 27, 2020

UPDATE 1-U.S. not bailing out airlines, Boeing not using federal money -Treasury Secretary
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic.

Reuters Company News
Mar 27, 2020

UPDATE 1-Stericycle settles with Saddle Point for two board seats-sources
Medical waste company Stericycle and investment firm Saddle Point Management reached a settlement that hands the firm, founded by a former Pershing Square Capital Management partner, two board seats, said two sources familiar the matter.

Reuters Company News
Mar 27, 2020

China gives chilly response to request for US journalists to remain in country
China hit out at what it called "biased" reporting on Friday in a frosty response to a request by three major U.S. newspapers to reverse the expulsion of several of their China-based journalists.

Reuters Company News
Mar 27, 2020

US STOCKS-Wall St heads for lower open after three-day surge as virus fears grow
* U.S. House to begin debate on $2 trillion aid bill at 9 a.m. ET

Reuters Company News
Mar 27, 2020

Cognizant ups salaries by 25% for some India employees amid lockdown
Cognizant Technology Solutions Corp will pay an extra 25% of base pay to some employees in India and the Philippines as a majority of its offshore workforce work from home amid the coronavirus pandemic, taking on extra work, Chief Executive Officer Brian Humphries said.

Reuters Company News
Mar 27, 2020

UPDATE 1-Amazon, Flipkart operations in India disrupted by lockdown - sources
* Issues include getting curfew passes for delivery people-sources (Adds Flipkart comment)

Reuters Company News
Mar 27, 2020

GLOBAL MARKETS-European stocks sink as investors take stock of spreading virus
European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact.

Reuters Company News
Mar 27, 2020

U.S. not bailing out airlines, Boeing not using federal money -Treasury Secretary
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill set to soon pass the House of Representatives is not an airline bailout and that taxpayers will need to be compenstated for relief given to the companies badly hobbled by the global pandemic.

Reuters Company News
Mar 27, 2020

British PM Johnson still working with mild symptoms of coronavirus
Prime Minister Boris Johnson is still able to work in an office and study at No. 11 Downing Street, his spokesman said on Friday after the British leader announced he had contracted coronavirus and had mild symptoms.

Reuters Company News
Mar 27, 2020

IMF says Pakistan requests emergency coronavirus financing
Pakistan has requested an emergency loan disbursement from the International Monetary Fund to help fight the coronavirus under the fund's Rapid Financing Instrument program, IMF Managing Director Kristalina Georgieva said on Friday.

Reuters Company News
Mar 27, 2020

UPDATE 2-Britain's Next shuts online operation to protect workers
* Basic and comfortable clothing in demand (Writes through with M&S, Inditex)

Reuters Company News
Mar 27, 2020

UPDATE 5-Cherry blossoms must wait, Tokyo governor says, amid supply queues in coronavirus battle
* People hoard food over stay-home request, governor urges calm

Reuters Company News
Mar 27, 2020

UPDATE 2-European shares fall as EU postpones rescue plan, British PM tests positive
* Germany's ProSiebenSat.1 Media tops STOXX 600 (Adds details on EU coronavirus funding plan, updates prices)

Reuters Company News
Mar 27, 2020

UPDATE 5-Oil falls as demands fears outweigh stimulus efforts
* Interactive graphics on oil market: https://reut.rs/39ieums (Updates prices)

Reuters Company News
Mar 27, 2020

Russian central bank allocates $2 bln for small, medium firms to pay salaries
The Russian central bank said on Friday it would channel up to 150 billion roubles ($1.92 billion) to small- and medium-sized companies to ensure flawless payments of salaries, as part of the state measures amid the coronavirus outbreak.

Reuters Company News
Mar 27, 2020

Drugmaker Vertex to delay new clinical studies due to coronavirus
U.S. drugmaker Vertex Pharmaceuticals Inc said on Friday it would delay starting some clinical trials and temporarily pause enrolment in some studies, as it looks to free up hospitals to deal with the coronavirus outbreak.

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