Chicago Fed economic index takes recessionary plunge in March
A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March as the country responded to the coronavirus pandemic, a broad...
House Republican leader: still no deal on more coronavirus money for small U.S. businesses
U.S. House Republican leader Kevin McCarthy said on Monday there was still no deal on a funding measure that would provide more relief for small...
Halliburton books $1.1 billion charge in low price outlook
Leading fracking firm Halliburton reported a $1 billion first quarter loss and $1.1 billion in impairment charges on Monday as it gave a bleak outlook...
Exclusive: India foreign investment rules aimed at China to include Hong Kong – sources
New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong,...
KFC to sell plant-based fried chicken made by Cargill in China
Yum China’s KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said...
Halliburton sees bleak North America activity, joins rivals in spending cuts
Halliburton Co on Monday joined its bigger rival Schlumberger in taking impairment hits in the first quarter and issued a bleak outlook for North America...
Exclusive: India’s stiffer foreign investment rules aimed at China to include Hong Kong – sources
India’s new rules to more closely scrutinise foreign investments from companies based in neighbouring countries will also apply to Hong Kong, two senior government sources...
Four staffing units of Norwegian Air file for bankruptcy
Four Swedish and Danish subsidiaries of Norwegian Air have filed for bankruptcy due to the ongoing coronavirus crisis which has grounded most of the company’s...
Brazil set to start QE cautiously but may need to bring out ‘bazooka’
Brazil appears set to embark cautiously on unconventional monetary policy using small interventions to tackle dysfunction in bond markets, as it does with foreign exchange,...
Halliburton books $1.1 billion charge, cuts spending amid oil rout
Halliburton Co on Monday recorded $1.1 billion in impairment charges during the first quarter, lowered its spending forecast for the year, and gave a bleak...