Honda extends Mexican plant shutdown, furloughs more U.S. workers
Japanese automaker Honda Motor Co said Wednesday it will extend a shutdown of its Mexican plants through April 30 and plans to furlough most U.S....
G20 agrees debt freeze for world’s poorest countries
Finance officials from the Group of 20 major economies agreed on Wednesday to suspend debt service payments for the world’s poorest countries from May 1...
UK fashion retailer Oasis Warehouse group falls into administration
British fashion brands Oasis and Warehouse have fallen into administration, threatening over 2,000 jobs and joining a growing list of store groups pushed over the...
Oil prices fall after record U.S. crude storage build
Oil prices sank on Wednesday after the United States reported a 19 million-barrel increase in inventories, the biggest weekly build ever, while forecasts showed global...
UnitedHealth maintains 2020 outlook, but warns of potential COVID-19 impact
UnitedHealth Group Inc on Wednesday reaffirmed its financial targets for the year, but cautioned it was uncertain of the impact of elective procedures being postponed...
U.S. retail sales, factory output sink as economy reels from coronavirus
U.S. retail sales suffered a record drop in March and output at factories declined by the most since 1946, buttressing analysts’ views that the economy...
Oil prices fall after U.S. sees record crude storage build
Oil prices sank on Wednesday after the United States reported its biggest weekly build of crude oil inventories on record, while forecasts showed global demand...
Bank of America gives dour economic outlook, profit falls
Bank of America Corp reported a 48.5% drop in first-quarter net income on Wednesday, warning that it anticipated a recession because of the novel coronavirus...
U.S. crude stocks jump by a record 19 million barrels as refiners cut back: EIA
U.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase in history, the U.S. Energy Information Administration said, as refiners...
OPEC+ or minus? Oil supply cut numbers puzzle markets
Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their...