Bosses at commercial vehicle group CNH take pay cuts in show of solidarity
Top executives and board members at commercial vehicle maker CNH Industrial will take voluntary pay cuts in an act of solidarity with the group’s workforce...
Exclusive: Aramco offers struggling refiners sweeter terms for crude
Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as...
Oil falls amid persistent fears about oversupply and pandemic
Oil prices fell on Wednesday on persistent worries about oversupply amid global coronavirus-related lockdowns and as the International Monetary Fund (IMF) warned of a deep...
Proxy advisers split over endorsing Bayer management at AGM
Shareholder advisory groups are divided over whether to endorse the management and directors at German drugs and pesticides company Bayer , according to recommendations submitted...
Oil climbs on bargain-hunting, hopes for purchases for reserves
Oil prices climbed on Wednesday, bouncing back from the previous session’s large losses, as investors looked for bargains and supported by hopes that consuming countries...
Oil in the age of coronavirus: a U.S. shale bust like no other
Texas oilman Mike Shellman has kept his MCA Petroleum Corp going for four decades, drilling wells through booms and busts and always selling his crude...
Global creditors agree on debt relief for poor countries hit by pandemic
Major international creditors will relieve the world’s poorest countries of debt payments this year to help them deal with the coronavirus pandemic that has sparked...
Oil producers pin hopes for massive cuts on unprecedented stockpile purchases
An unprecedented deal by oil producers to curb supply to match demand hollowed out by the coronavirus pandemic is set to depend partly on purchases...
Coronavirus seen knocking U.S. retail sales in March
U.S. retail sales likely suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand...
Tesla’s China car registrations surge in March as Shanghai factory back up
U.S. electric vehicle maker Tesla Inc’s China car registrations jumped 450% in March, month on month, data from auto consultancy LMC Automotive showed....