Coronavirus rout spurs China investors to dividend plays

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HONG KONG (Reuters) – Wild swings in global equities markets are prompting brokers and fund managers to urge patience with a strategy still alien to many of China’s momentum-driven stock investors: switch into companies offering high and stable dividends.

FILE PHOTO: People are seen on a pedestrian overpass with an electronic board showing the Dow Jones and S&P 500 indexes, following an outbreak of the novel coronavirus in the country, at Lujiazui financial district in Shanghai, China March 13, 2020. REUTERS/Aly Song

As companies around the world conserve cash by cutting dividends to survive the coronavirus pandemic, Chinese firms with

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OECD says leading indicators flag biggest monthly drop on record

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FILE PHOTO: A Times Square Alliance street sweeper worker walks though a nearly empty Times Square in Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 7, 2020. REUTERS/Mike Segar

PARIS (Reuters) – Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday.

The OECD said its leading indicators, which are designed to flag turning points in economic activity, suggested all major economies

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EasyJet founder continues battle over $5.5 billion Airbus order

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FILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in business at Luton Airport, southern England, November 10, 2015. REUTERS/Eddie Keogh

LONDON (Reuters) – EasyJet (EZJ.L) founder Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus (AIR.PA) planes, making a new demand on Wednesday for a shareholder vote and threatening to sue its directors.

Haji-Ioannou, still easyJet’s biggest shareholder, says the new Airbus planes are useless given the impact of the coronavirus on air travel and says their 4.5 billion pound ($5.5

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Oil holds near $32 ahead of OPEC-led talks on output cuts

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LONDON (Reuters) – Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.

FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016. REUTERS/Richard Carson/File Photo

Thursday’s videoconference meeting between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia is expected to be more successful than their gathering

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