Hapag-Lloyd seeks savings to offset coronavirus lossesThe world's fifth largest shipping operator seeks to cut cost by a "mid three-digit million euro sum" this year.. The telecom-equipment maker issued an offer to buy back for cash its 1% notes due March 15, 2021 for up to 500 million euros.. In Europe, Germany's DAX was almost flat, Britain's FTSE 100 rose 0.
6%, and the Euro Stoxx 50 fell 0.2%. In Asia, China's Shanghai Composite rose 0.6% and Hong Kong's Hang Seng rose 1.1%. In the US, futures underlying the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all rose roughly 0.7%.. ADP Nonfarm Employment Change, MBA Mortgage Applications, and the Energy Information Administration's Crude Oil Stocks Change are due.
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