U.S. House to pass $500 billion coronavirus bill as next fight looms
The U.S. House of Representatives returned to Washington on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing...
Oil rallies on acceleration of output cuts from OPEC nations
Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand...
GM ignition switch settlement with vehicle owners wins U.S. court approval
General Motors Co on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles...
Exclusive: Argentina plans higher local oil price to protect sector amid rout – sources
Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by crashing global...
Rome to take full control of Alitalia in June: minister
The Italian government will take full control of Alitalia [CAITLA.UL] in June, Industry Minister Stefano Patuanelli said on Thursday, adding the airline would have gone...
Honda extends North America auto production halt through May 8
Honda Motor Co said Thursday it will extend a shutdown of all of its North American auto plants through May 8 and extend unpaid leaves...
Eli Lilly lifts 2020 profit forecast; coronavirus fuels stockpiling of its medicines
Eli Lilly and Co raised the top-end of its 2020 profit forecast on Thursday and reported better-than-expected quarterly results, as customers stocking up medicines such...
U.S. Treasury says will be hard for public companies to qualify for coronavirus relief loans
A highly valued public company will have a hard time getting a coronavirus relief loan, the U.S. Treasury said on Thursday, just as Congress was...
South African Airways faces wind-down or liquidation as cash runs out
South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run...
Repair, abandon, burn: Russia explores options for historic oil cut
In just a week, Russia has to find ways to cut a fifth of its oil output under a deal to tackle the market glut...