AT&T pulls 2020 financial forecast as coronavirus clouds business
AT&T Inc pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future....
Brent crude rises after coronavirus drags it to lowest since 1999
Brent crude oil sank below $16 a barrel to its lowest since 1999 on Wednesday, before recovering slightly on the prospect of extra pledges to...
Saudi Arabia may re-route tankers if U.S. imposes crude import ban: sources
Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block...
Virus outbreak raises spectre of cash injection for indebted EDF
Plummeting electricity demand and falling power prices during the coronavirus outbreak could leave EDF in need of a capital injection by the end of 2020...
Air France-KLM nears bailout with improved guarantees: sources
PARIS, Reuters – Air France-KLM AIRF.PA is moving towards a 10 billion-euro ($10.9 billion) government-backed rescue deal, sources said, after France agreed to higher guarantees...
Delta to halve cash burn as it braces for sluggish recovery from pandemic
Delta Air Lines Inc reported on Wednesday its first quarterly loss in eight years as the coronavirus crisis devastates air travel demand, but said its...
Wall Street opens higher after oil-led selloff
U.S. stock markets opened higher after a two-day selloff on Wednesday as upbeat quarterly earnings reports lifted sentiment following a record crash in oil prices,...
Air travel resumption will require social distancing, says EU
The European Commission will next month present a set of rules for the safe reopening of air travel when coronavirus pandemic lockdowns end, including social...
Zoom to launch upgraded meeting app with better encryption
Zoom Video Communications Inc said on Wednesday it was upgrading the encryption features on its video conferencing app to better protect meeting data and offer...
U.S. Treasury chief looks for most if not all of U.S. economy to be open later in summer
U.S. Treasury Secretary Steven Mnuchin said on Wednesday most, if not all, of the U.S. economy should be reopened by later in the summer after...