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Munich Re: risk asset

Insurer is well placed to manage pandemic-related losses




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Liberty Global and Telefónica dial up changes in ‘deal of decade’

O2 and Virgin Media’s £31bn merger is one of the biggest examples of virtual dealmaking during pandemic




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Carsten Spohr seeks softer landing for Lufthansa

If Berlin agrees a €9bn bailout for the airline, it is likely to want a 25 per cent stake and board seats




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Wirecard under investigation over statements to investors

German regulator looks at group’s statements ahead of KPMG special audit report




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Deconstructed Watch: Zenith Chronomaster Revival Shadow

Discovery in Zenith factory attic helps watchmaker claim the first all-black wristwatch title




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Interview: Frédéric Arnault takes a bite out of Apple’s smartwatch market

Tag Heuer’s digital chief sees connected watches as a point of entry to the mechanical models




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German court calls on ECB to justify bond-buying programme

Bundesbank told to halt participation unless central bank shows policy is ‘proportionate’




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Norwegian Cruise Line raises $2.2bn in fight to stay afloat

Company pledges two ships and two islands as collateral in upsized refinancing plan




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Hedge fund bear takes aim at central banker ‘fruit loops’

Horseman Capital’s Russell Clark has sold his holdings in government bonds




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Empty US hotels increase pressure on debt investors

JPMorgan data show about one in four loans was behind on payments last month




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Companies are dangerously drunk on debt

Sobering up after the crisis will require changes to tax laws, bonuses and pensions




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US Treasury plumps for longer-term debt to fund $3tn stimulus

Details of historic borrowing plans send government bond yields higher




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Investors fear Italy is heading for ‘junk’ borrower status

Coveted top-quality rating hanging by a thread as Moody’s decision looms




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Treasury market sends bearish signals as stocks rise

Two- and five-year yields hit record lows as futures investors anticipate negative rates




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Too much cash is chasing too few desirable assets

With no productive use of liquidity, money is going into market speculation driving recovery in asset prices




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Carnival and Southwest lead surge in US convertible bond issuance

Companies are seeking to tap whatever sources of affordable funding are available




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Biggest US energy groups lay out oil crash strategy

ExxonMobil and Chevron deploy plans for cutbacks but preserve dividends




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Pandemic crisis offers glimpse into oil industry’s future

Price wars and coronavirus have disrupted the sector, possibly moving peak demand even closer 




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Investors blast EU’s omission of oil from ESG disclosures

Latest proposal accused of being misleading over environmental risk




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Dysfunctional oil market needs a new model

Regional trading blocs would better align mutual interests and provide stability




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Oil price crash threatens Texas university endowments

Turmoil in commodity market slashes state colleges’ revenues




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Energy trader Mercuria sees turn in oil market

Price crash provokes supply cuts but ‘all bets are off’ if second wave of pandemic hits




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North America set for first plant supplying cobalt for electric cars

Glencore-backed First Cobalt to open Canada refinery this year in attempt to cut reliance on China




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Texas regulator drops effort to force oil production cuts

Railroad commissioner had called for using decades-old state rules to reduce output




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Oil’s cruellest month has forced a rethink on production

Dive into negative prices triggered pullback that helps set scene for rebound




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Thermal coal prices collapse after virus lockdowns sap demand

IEA expects global consumption will decline 8% this year in largest drop since second world war




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Total keeps dividend and sets climate goal despite profit plunge

French energy group makes emissions pledge as first-quarter profits drop 35%




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Mexico’s Pemex: from cash cow to resource drain

President’s pet project holds line on output growth despite oil crisis and mammoth losses




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Newmont earnings surge more than ninefold

World’s biggest gold miner reaps rewards of pandemic price effect and Goldcorp acquisition




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Biggest US oil refiner posts $9.2bn loss as fuel demand dives

Marathon cuts capital spending by $1.4bn in anticipation of 30% drop in output




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Hidden threat: Japan has only 2-week stockpile of LNG

Coronavirus exposes nation’s post-Fukushima vulnerability




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Renewables sector shrugs off devastating effects of coronavirus

Developers of clean energy projects defy wider turmoil in the global energy markets




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Investors make big bets on silver closing giant gap with gold

For some analysts the industrial metal looks cheap, even given the Covid-19 slowdown




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Can we tackle both climate change and Covid-19 recovery?

Two experts debate whether shift to low carbon can push forward amid economic stress




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StanChart and HSBC face losses on loans to rice trader

Phoenix Commodities seeks debt restructuring after racking up $450m of currency hedge losses




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Bakken pain reflects long road back for US shale

North Dakota’s oil sector has ‘never been through a downturn like this’




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Game on — tap into the growing world of online gaming

Fortnite is typical of the new business model, renting access to a platform




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Are Woodford woes an opportunity for patient tech investors?

The Adventurous Investor senses there could be future value in spinout specialists




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Cannabis remains an investment market worth watching

Promises of huge growth are yet to materialise — but there’s huge potential




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Private equity funds can help your portfolio scale heights

An esoteric choice they may be for private investors, but if you’re selective they can add value




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Could investing in military tech make your portfolio more defensive?

Whether we like it or not, spending on arms and security will rise in the next few years 




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US stocks look set to continue their outperformance

It is the deepest, broadest, most liquid market for larger global businesses




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Gold: a hedge against future policy misfires

A new exchange traded commodity holds several advantages




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New Sipp dealing account has no annual management fee

New Sipp dealing account has no annual management fee




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Deal of the week: Scottish Power Online Fixed Saver

Scottish Power has launched a new energy plan that allows customers to fix their bills




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Deal of the week: Chelsea’s five-year fix at 3.39%

Lowest five-year fix in UK history




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Deal of the week: Halifax’s Head Start Home Saver

First-time buyers receive £600 cashback if they save for 10 out of 12 months before taking out a Halifax mortgage




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Deal of the week: Premium share dealing from The Share Centre




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TD Waterhouse looks at direct UK market access

Service would allow retail investors to place own orders on market




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National Grid looks to UK retail investors