FILE PHOTO: Logos of ExxonMobil are seen in its booth

Downgrade doom looms for coronavirus-hit firms and markets

By Marc Jones and Matt Scuffham LONDON/NEW YORK (Reuters) – A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets. The coronavirus’ suckerpunch to the global economy has prompted Moody’s rating agency to review its corporate ratings, the agency told Reuters […]

China’s coronavirus disrupts global container shipping trade

By Jonathan Saul and Lisa Baertlein LONDON/LOS ANGELES (Reuters) – China’s fast-spreading coronavirus is throwing the global container shipping trade out of sync, with lines re-routing cargoes and reducing calls to Chinese ports, setting the scene for months of delivery delays ahead, industry sources said. The spread of the deadly virus has shut down cities […]

How U.S. aluminum recyclers reap dividends from tariffs

By Pratima Desai LONDON (Reuters) – North American aluminum recyclers and producers are using import tariffs to boost revenue at the expense of local beer and beverage firms, even though most of the metal used in their cans is not subject to the levy, industry data seen by Reuters show. Recyclers such as Novelis, a […]