Iran’s Zanganeh says oil production cut should be taken seriously
Oil producer countries should respect crude production cuts aimed at stabilizing the oil market, Iranian Oil Minister Bijan Zanganeh told state TV on Wednesday....
Explainer: How the EU can finance economic recovery after the COVID-19 pandemic
The European Union is looking at ways to revive its economy after what is expected to be the 27-nation bloc’s deepest recession, caused by the...
Rogers pulls 2020 outlook, misses estimates as coronavirus crisis deepens
Canada’s Rogers Communications Inc on Wednesday pulled its 2020 forecast and reported lower-than-expected quarterly profit due to a drop in ad sales and weaker demand...
Tissue sales help Kimberly-Clark beat quarterly results
Kimberly-Clark Corp said on Wednesday sales of tissue and toilet paper rose 13% in the first quarter as consumers stocked up in preparation for the...
Elevator maker Kone beats forecasts, sees China recovery
Kone reported a smaller than expected 10% fall in first-quarter profit on Wednesday, with demand for its elevators and services strong in many countries despite...
American quandary: how to secure weapons-grade minerals without China
The United States wants to curb its reliance on China for specialized minerals used to make weapons and high-tech equipment, but it faces a Catch-22....
BlackRock says sustainability reports might slide during pandemic
Top asset manager BlackRock Inc, which has vowed to put more focus on climate issues, said that companies might give a lower priority to sustainability...
AT&T misses revenue estimates as coronavirus weighs on business
AT&T Inc’s first-quarter revenue fell short of Wall Street expectations and the company pulled its annual forecast on Wednesday, as the impact of the coronavirus...
Brexit’s back: double-whammy for sterling after virus shock
Shoved aside by the coronavirus pandemic, Brexit is set to work its way into the headlines again as a June deadline for extending Britain’s 11-month...
Futures bounce after two days of oil-led rout
U.S. stock index futures rebounded on Wednesday as upbeat quarterly earnings reports lifted investor sentiment following a two-day selloff due to a record crash in...