U.S. weekly jobless claims seen hovering near record highs
The number of Americans seeking unemployment benefits in the last three weeks likely totaled a staggering 15 million as tough measures to control the novel...
UBS and Credit Suisse to partially postpone dividend payout
Switzerland’s two big banks, UBS and Credit Suisse , said they decided to pay out part of their dividend for 2019 later this year after...
Swiss financial watchdog welcomes UBS’ and Credit Suisse’s dividend decisions
Swiss financial watchdog Finma said on Thursday it welcomed a decision by UBS and Credit Suisse to pay out half of their dividends for 2019...
Commodity currencies hold firm on hopes of pandemic peak, oil output cut
Commodity currencies drew support on Thursday from hopeful signs the coronavirus pandemic may be peaking and that major oil producers may agree to cut output...
Exxon used economic uncertainty to push for Paulsboro, N.J., contract: sources
Exxon Mobil Corp used economic uncertainty tied to the coronavirus pandemic to urge workers at its lubricants and packaging plant in Paulsboro, New Jersey, to...
Crude futures climb ahead of OPEC+ meeting
Crude futures rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as...
Risk currencies buoyed by cautious hopes pandemic is peaking
Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European Union’s failure to...
Mexico auto sector to resume operations once U.S. industry gears up
Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume operations shortly after the U.S. industry gears up from a...
Russia, Saudi to debate oil output cuts as U.S. resists joining
OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices wrought...
U.S. senators question Amazon CEO about firing of warehouse protest leader
Five Democratic lawmakers on Wednesday wrote Amazon.com Inc to raise concern about its firing of a worker who protested warehouse operations during the coronavirus pandemic,...