Netflix to raise $1 billion in debt to fund new shows
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt, a day after the streaming pioneer doubled its own projections for...
Brent crude oil rises after hitting lowest this century on coronavirus crisis
Brent crude oil rose on Wednesday after slumping below $16 a barrel to its lowest since 1999, supported by voluntary as well as the prospect...
Delta to reduce 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...
Iran says it will fare better than others after oil crash amid battered economy
Iran will not suffer as much as other countries from the oil price plunge as it is less reliant on crude exports, its president said...
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....