Virgin Australia falls to virus crisis, appoints administrator to find investor
Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia’s second-biggest airline the Asia-Pacific region’s biggest...
U.S. crude futures turn positive after historic slide, Brent dips
U.S. oil prices recovered on Tuesday to trade in positive territory after sinking below $0 for the first time ever, but international benchmark Brent dipped...
Starbucks brings Beyond Meat to China with new plant-based lunch menu
Starbucks Corp said on Monday it would roll out a new plant-based lunch menu in China this week, launching Beyond Meat Inc’s products in a...
Crude claws back into positive territory but historic crash spooks investors
U.S. crude oil bounced back into positive territory on Tuesday, after a historic plunge below zero that shocked investors and pushed down stock prices and...
Virgin Australia enters voluntary administration with aim to recapitalize
Virgin Australia Holdings Ltd said on Tuesday it has entered voluntary administration to recapitalize the business and emerge in a stronger financial position after being...
Nissan to shut down global headquarters, other Japan facilities through mid-May due to virus
Nissan Motor Co on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May...
Senate moves toward possible Tuesday coronavirus vote, Pelosi sees deal ‘on principles’
The U.S. Congress on Monday inched toward a $450 billion deal to help small businesses and hospitals hurt by the coronavirus pandemic, with House Speaker...
U.S. Treasury releases $2.9 billion in airline support, finalizes payroll agreements
The U.S. Treasury Department said on Monday it had disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carrier and two major passenger...
Explainer: What is a negative crude future and does it mean anything for consumers?
The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign...
Oil prices bounce back, U.S. crude futures trade above zero
Oil prices rebounded on Tuesday, with U.S. crude turning positive after trading below $0 for the first time ever, but gains were capped amid unresolved...