Saudi announces plan to boost oil production capacity for first time in years
Saudi Arabia said on Wednesday it plans to boost oil production capacity for the first time in more than a decade, a day after it...
Uber may suspend accounts of riders, drivers who test positive for coronavirus
Uber Technologies Inc notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or have...
Saudi Aramco asked to boost oil output capacity to 13 million bpd: CEO
Saudi Aramco has been directed by the Ministry of Energy to raise its oil production capacity to 13 million barrels per day (bpd) from 12...
China’s building work stalls in February, as virus keeps workers indoors
China’s construction activities were stalled in February as the government extended Lunar New Year holidays and advised people to stay indoors as a precaution against...
Business travel sector to lose $820 billion in revenue on coronavirus hit: industry group
The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses,...
Oil extends gains as U.S. output cut hopes grow
Oil prices climbed for a second day on Wednesday as hopes U.S. producers would cut output lent support, but gains were capped by growing doubts...
Citigroup hires Loretta Ko to head financial institution group
Citigroup has hired Loretta Ko to return to the investment bank and head its financial institutions group (FIG) for Hong Kong, the bank said on...
Banks at risk of losing billions of dollars in fee-based revenues – study
Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new...
Stocks fall as U.S. virus response disappoints investors
Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out...
Factbox: U.S. coronavirus stimulus according to Trump, Republicans, and Democrats
President Donald Trump met with fellow Republicans in the U.S. Senate on Tuesday to discuss a fiscal stimulus plan to bolster the nation’s economy in...