Saudi, Russia agree record oil cut under U.S. pressure as demand crashes
OPEC and its allies led by Russia agreed on Thursday to cut their oil output by more than a fifth and said they expected the...
Instant View: OPEC+ cuts will not be enough to halt oil collapse – analysts
OPEC and other major oil producers on Thursday said they would cut output by 10 million barrels per day for two months in the face...
Caterpillar seeks fresh $3 billion loan to boost liquidity: source
Caterpillar Inc is in talks with banks for a fresh $3 billion nine-month revolving credit facility, a person familiar with the matter said on Thursday....
Fed, BoE push deeper into uncharted territory in face of coronavirus slump
The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world’s escalating coronavirus recession on Thursday as they pushed...
Air France KLM says it needs government support to continue operations
Air France KLM said that despite cost-cutting measures to stave off the impact of the coronavirus crisis, it expects it will be short of cash...
BAT files patent suits against Philip Morris’ IQOS products
British American Tobacco said on Thursday that it sued Philip Morris International Inc in the United States and Germany, alleging that the tobacco heating technology...
Oil gives up gains even as OPEC+ hammers out supply-cut deal
Oil prices dipped on Thursday, giving back an earlier 10% surge as investors awaited details on a massive OPEC supply-cut agreement in response to the...
EasyJet to defer delivery of 24 Airbus planes, hold shareholder meeting
British airline easyJet on Thursday said it would defer the delivery of 24 Airbus jets and hold a shareholder meeting after the airline’s founder Stelios...
Saudi, Russia closing in on record oil cut deal
OPEC and it allies held talks on Thursday on record oil output curbs of 15 million to 20 million barrels per day (bpd), or 15%...
Factbox: Even big OPEC+ cuts won’t offset oil demand collapse – analysts
OPEC and other major oil producers were due to discuss on Thursday big output cuts in the face of a huge fall in demand due...