Oil futures open lower in electronic trading
U.S. oil futures dipped in electronic trading Sunday evening, extending losses from last week that marked the eighth week of losses out of the last...
U.S. will cap how much each bank can lend under emergency coronavirus program: memo
The U.S. government will cap how much each bank can lend under the emergency loan program designed to keep workers on payrolls amid the coronavirus...
After betting its future on Boeing, jetmaker Embraer scrambles for elusive plan B
Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing...
European carmakers restart production as coronavirus lockdowns ease
Volkswagen will restart production at its Wolfsburg factory in Germany on Monday, the latest of a fleet of European carmakers to take advantage of eased...
U.S. economy faces historic shock, with 16% joblessness possible: Trump adviser
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that likely will push the national unemployment rate...
German government divided over form of Lufthansa rescue deal
Germany’s ruling coalition is divided over whether the state should have a role in running airline Lufthansa in return for a rescue package the company...
White House aims to zero in on further stimulus to help battered economy
White House advisers hope to come up with several options to present to President Donald Trump for “big thoughtful policies” to help rebuild confidence in...
White House sees jobless rate hitting 16% or higher in April
The U.S. unemployment rate is likely to hit 16% or higher in April, and “really big thoughtful policies” will be needed to rebuild confidence, a...
Daimler says China business picks up again: report
Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper...
When oil became waste: a week of turmoil for crude, and more pain to come
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures ,...