Saudi, Russia debate record oil cut as U.S. resists action
OPEC and Russia will debate record oil output cuts on Thursday to prop up prices wrought by the coronavirus pandemic but their talks are complicated...
Saudi, Russia to lead oil output talks as U.S. resists cut
OPEC and other oil producers led by Russia will discuss their largest ever output cut on Thursday in talks complicated by recent animosity and U.S....
Oil prices rise on optimism OPEC+ meeting will result in supply cut
Oil prices rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as...
UBS and Credit Suisse bow to regulator pressure on dividends
Swiss banks UBS and Credit Suisse will postpone paying out part of their 2019 dividends until later this year after mounting pressure from authorities over...
Cash-strapped Virgin Australia grounds almost all domestic flights amid virus crisis
Virgin Australia Holdings Ltd said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues...
Nissan seeks $4.6 billion credit line after coronavirus hit: sources
Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, two people...
Asian shares rise as investors pin hopes on pandemic peaking
Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures to support...
Nissan seeks $4.6 billion credit line after coronavirus hit: Nikkei
Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, the Nikkei...
Advertisers shun coronavirus coverage, hastening news media battle for survival
From Rupert Murdoch’s News UK to McClatchy’s chain of local newspapers across the United States, news publishers are attracting record numbers of readers as people...
California developer says virus an act of God, sues Exxon over stalled deal
A California retail developer claims the state’s coronavirus lockdown was an act of God that prevented it from completing a $4.2 million property acquisition, asking...