Crude oil falls below $30 as coronavirus spreads
Brent and U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame...
Exclusive: India plans to top up strategic tanks with cheap Saudi, UAE oil – sources
India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves...
Carmakers curb European production as coronavirus hits
Carmakers including Fiat Chrysler , Peugeot , Volkswagen and its premium unit Audi throttled back production at their European plants on Monday as they grapple...
Exclusive: UK supermarkets may cut services to stay open as coronavirus spreads – sources
Britain’s major supermarkets are working on plans to streamline their operations by cutting cafes, counters and other services to enable a depleted workforce to maintain...
Lockheed Martin’s Marillyn Hewson to step down as CEO
Lockheed Martin Corp said on Monday company veteran Marillyn Hewson will step down as chief executive officer, and tapped board member and American Tower Corp...
Italian government to take control of Alitalia: draft decree
The Italian government plans to take control of Alitalia, a draft decree seen by Reuters showed on Monday, as the loss-making carrier risks going belly...
LSE gets U.S. nod for Refinitiv deal
The London Stock Exchange Group said on Monday it had gained approval from the U.S. Committee on Foreign Investment for its $27 billion takeover of...
Feed the hamster: German retailer asks students to restock shelves
A German supermarket chain called on Monday for students whose universities have shut due to the coronavirus crisis to help it refill its shelves after...
Brent falls 10%, WTI below $30 as coronavirus spreads
Brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Federal Reserve and its global counterparts...
Zero rates, zero impact: Fed & co fail to calm markets
Stock markets and oil prices continued to nose-dive on Monday after the second emergency cut in U.S. interest rates in as many weeks — effectively...