Exclusive: Trump does not plan to ask U.S. oil producers for coordinated cuts – official
The United States does not know formal details of Saudi Arabian and Russian plans to reduce oil supply yet and will not ask U.S. domestic...
Fed’s Kashkari says keeping workers in jobs is key to quick rebound
Keeping workers in their jobs is key to getting the economy out of what is “almost certainly” already a recession as authorities mandate businesses shut...
U.S. borrowers struggle to get coronavirus relief from big banks
U.S. borrowers seeking a reprieve from mortgage, auto or credit card payments because of coronavirus hardships are not getting the help they expected from big...
Walmart puts partial sale of UK’s Asda on hold due to coronavirus crisis: source
Walmart , the world’s largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the...
Wall Street gains as oil surge eclipses massive jobless numbers
Wall Street bounced on Thursday as hopes of a truce between Saudi Arabia and Russia to cut oil output drove a record 22% surge in...
BA suspends more than 30,000 staff, owner scraps dividend
British Airways said on Thursday it has struck a deal with its unions to suspend more than 30,000 cabin crew and ground staff in one...
Wall Street gains as oil soars 30%
Wall Street bounced on Thursday as hints of a deal between Russia and Saudi Arabia drove a record 30% surge in oil prices, outweighing the...
Nivea-maker Beiersdorf scraps 2020 outlook due to coronavirus crisis
Nivea-maker Beiersdorf on Thursday scrapped its 2020 outlook due to the coronavirus pandemic, and also released preliminary first-quarter sales that showed a 3.6% fall from...
Stocks climb as investors digest grim U.S. jobs data
World equity markets climbed on Thursday on the back of a surge in risky assets like oil, offsetting concerns over an increasing death toll from...
Bank of America cuts Brazil 2020 GDP forecast to -3.5% from -0.5%: report
Bank of America on Thursday cut its 2020 forecast for Brazil’s gross domestic product (GDP) to a 3.5% contraction from a 0.5% fall, it said...