Factbox: Oil analysts sceptical about Saudi-Russian ‘deal’
U.S. President Donald Trump is stoking the possibility of Saudi Arabia and Russia negotiating oil output cuts as the coronavirus outbreak hammers demand....
Brent oil rises above $32 on hopes of output deal
Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global...
UK facing Depression-style hit as firms slump in March
Britain’s economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey...
Ford says Europe manufacturing ops to remain suspended at least until May 4
Ford Motor Co said on Friday the temporary suspension of vehicle and engine production at most of its European manufacturing sites is expected to run...
China probes alleged fraud at Luckin Coffee, banks review IPO work
China’s securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in...
Dollar resumes climb as investors bid for safety
The dollar resumed its climb against major currencies on Friday as investors took refuge in safety bids amid worsening economic fallout from the coronavirus pandemic....
U.S. dairy farmers dump milk as pandemic upends food markets
Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening....
Why sweetened layoff benefits may be at odds with U.S. loan program
The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be...
Exclusive: Air France-KLM in talks on multibillion euro state-backed loan package
Air France-KLM is in talks with banks to receive billions of euros in loans guaranteed by the French and Dutch governments, as the airline group...
Airbus weighs sharp cut in A320-family jet production: sources
Airbus is studying a sharp cut in narrow-body production rates to accommodate industrial and delivery problems triggered by the coronavirus crisis, three people familiar with...