Oil prices fall as demand woes eclipse U.S. stimulus
Oil prices fell on Wednesday as faltering fuel demand because of the coronavirus pandemic outweighed a massive pending U.S. economic stimulus package....
Stocks rebound grinds past 10% after $2 trillion U.S. stimulus boost
A breakneck rebound in world stocks made it past the 10% mark on Wednesday before more global coronavirus warnings and fresh turbulence in commodity markets...
Occidental to add three of Icahn’s associates to board
Occidental Petroleum Corp said on Wednesday it would add to its board three of activist investor Carl Icahn’s associates, ending a long and bitter fight...
U.S. SEC extends conditional relief for public companies hit by coronavirus
The U.S. Securities and Exchange Commission (SEC) said on Wednesday it would extend its prior conditional regulatory relief from disclosure requirements for public companies affected...
U.S. companies, labs rush to produce blood test for coronavirus immunity
As the United States works overtime to screen thousands for the novel coronavirus, a new blood test offers the chance to find out who may...
India’s huge outsourcing industry struggles with work-from-home scenario
As the coronavirus pandemic pushes India into a lockdown, the call centers and IT services firms that function as the world’s back office are struggling...
Target withdraws forecasts, curbs spending to meet virus-related demand
Target Corp on Wednesday withdrew its financial outlook and said it would scale back on planned investments to focus on meeting surging demand as Americans...
UK’s Sainsbury’s to assist smaller suppliers during coronavirus pandemic
British supermarket Sainsbury’s said on Wednesday it would help its smaller suppliers during the coronavirus emergency by paying them immediately and making finance available....
Exclusive: India likely to unveil $20 billion-plus stimulus package to tackle coronavirus downturn – sources
India is likely to agree an economic stimulus package of more than 1.5 trillion rupees ($19.6 billion) to fight a downturn in the country that...
Exclusive: ECB’s Lagarde asked euro zone ministers to consider one-off ‘coronabonds’ issue – officials
The head of the European Central Bank Christine Lagarde asked euro zone finance ministers at a videoconference on Tuesday evening to seriously consider a one-off...