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Wall Street bounces back as stimulus hopes soothe recession fears
By Stephen Culp NEW YORK (Reuters) – Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors’ fears surrounding the coronavirus and growing signs of imminent recession. All three major indexes jumped nearly 5% the day after equities markets suffered […]
SkyWest adds 20 first-gen Embraer jets as order for new version remains on hold
By Marcelo Rochabrun (Reuters) – Brazilian planemaker Embraer SA <EMBR3.SA> said on Thursday that U.S. regional carrier SkyWest Inc <SKYW.O> has signed a firm order for 20 E175 planes from its E1 generation, worth close to $1 billion, as an order for newer E2 aircraft remains in limbo. SkyWest ordered 100 next-generation Embraer planes in […]
Bushfires likely singed Aussie profit, coronavirus uncertainty looms
By Byron Kaye SYDNEY (Reuters) – Damage from months-long bushfires will dominate Australian corporate earnings results this month as companies give their first profit updates since the start of the summer and as a coronavirus outbreak in China adds uncertainty to forecasts. Insurers such as Suncorp Group Ltd <SUN.AX> and Insurance Australia Group Ltd <IAG.AX> […]