Oil refiners face reckoning as demand plummets
The global oil refining industry is facing a reckoning from falling fuel demand that is the deepest and fastest ever....
Dollar holds gains as investors seek safety in liquidity
The dollar held gains on Thursday as investors rushed to the safety of the world’s most liquid currency given the massive disruption to global trade...
Cruise operator Carnival pays high price to get credit investors on board
Carnival Corp , the world’s largest cruise operator, said it has raised $6.25 billion by issuing new debt and equity on Wednesday, borrowing at a...
U.S. Treasury taps Wall Street firms for aid advice: sources
The U.S. Treasury Department has hired Wall Street bankers and lawyers to advise on providing tens of billions of dollars in aid to the airline,...
Almost all bets are off: casino capitals Macau, Las Vegas slammed by virus
The vast, glitzy gaming halls of Macau are open, but thousands of baccarat tables are empty. The world’s biggest gambling hub has barred entry to...
Asian stocks slip as Trump warns of horrors to come
Asian equities fell for a second session on Thursday, after a dire warning about the U.S. coronavirus death toll had investors looking to the safety...
Dollar supported as investors seek safety in liquidity
The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions...
U.S. sues to force Altria to unwind investment in JUUL
The U.S. Federal Trade Commission said on Wednesday it had filed a complaint aimed at forcing Marlboro maker Altria Group to sell its investment in...
Trump says expects Russia-Saudi oil deal soon, invites U.S. oil chiefs to White House
U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry “ravaged” by slumping...
Trump says he expects Saudi-Russia oil production deal in coming days
U.S. President Donald Trump said on Wednesday he expected Saudi Arabia and Russia to reach a deal in the next few days on oil production...