U.S. oil firm Continental Resources halts shale output, seeks to cancel sales
The largest oil producer in North Dakota has halted most of its production in the U.S. state and notified some customers it would not supply...
Oil prices rise, capping week of historic turmoil over coronavirus
Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would move to cut output and the...
Asian stocks fall, Europe set to follow on doubts over coronavirus drug
Asian shares and U.S. stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence...
Burberry to maintain employee pay through coronavirus crisis
British luxury brand Burberry will continue to maintain base pay for all of its employees who are unable to fulfil their roles because of store...
Nestle first-quarter sales beat estimates as consumers hoard pet food, coffee
Nestle reported a 4.3% rise in organic sales growth for the first quarter, the food giant said on Friday, as consumers filled cupboards with Purina...
Virgin Australia owes $4.4 billion, to seek aircraft lease waivers -administrator
Virgin Australia Holdings Ltd owes A$6.9 billion ($4.39 billion) to more than 10,000 creditors based on an initial review and will seek a three-month payment...
Nestle posts better than expected first-quarter sales as customers stockpile food
Nestle reported a 4.3% rise in organic sales growth for the first quarter, the food giant said on Friday, as consumers filled cupboards with Purina...
Swatch CEO says China sales rise but global situation still grim
Swatch Group’s sales at its own stores in China are up by almost a quarter during April, the watchmaker’s Chief Executive Nick Hayek told Blick...
The growing worry for bondholders: Getting ‘primed’
Bondholders in particularly hard-hit sectors like energy, travel and leisure have another issue to watch for as companies struggle to survive the economic shutdown –...
Main Street’s mainstays: How some U.S. states tapped crisis loans
As the coronavirus crisis gripped the U.S. economy and Congress approved hundreds of billions of dollars in emergency small business loans, Utah builder Clark Ivory...