Oil rises 3% on hopes for output cut as coronavirus ravages demand
Oil prices gained on Tuesday as hopes rose that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes...
France’s Thales withdraws final dividend, suspends outlook
France’s Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus...
China’s Ucar, in which Luckin chairman is top shareholder, halts shares
China’s Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned...
Toshiba should sell stake in ex-chip unit at IPO, says HK activist fund in letter
A Hong Kong-based activist investor in Toshiba Corp has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory...
Cemex resumes Mexico operations after brief pause due to coronavirus
Mexican cement company Cemex said on Monday it would resume operations in the country, hours after announcing a pause, as fresh guidelines from the government...
UPS employee dies of COVID-19 infection in Kentucky
A United Parcel Service Inc worker employed in Kentucky died over the weekend from a COVID-19 infection, Gov. Andy Beshear said at a public health...
Samsung Electronics beats first-quarter estimates, braces for bigger blow from coronavirus
Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip...
Oil gains as hopes rise for production cut amid coronavirus outbreak
Oil rose on Tuesday amid hopes that the world’s biggest producers of crude will agree to curtail production as the coronavirus pandemic ravages the global...
Vigilance urged as outbreak shows signs of leveling off in New York, New Jersey
Governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau but warned...
Trump says OPEC has not asked him for a U.S. oil production cut
President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices,...