Exclusive: U.S. discussing non-renewal of Chevron’s Venezuela waiver, moves to cut oil trade – sources
The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew...
Oil takes biggest daily dive in over a decade as Russia, OPEC split
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC’s proposed steep production cuts to stabilize...
Standard U.S. economic weapons may be inadequate for coronavirus crisis
As the risks of the coronavirus outbreak continue to rise, U.S. officials are wrestling with what to do in the worst-case economic scenarios, if large...
Mastercard shuts Sao Paulo office, NY site after employee diagnosed with coronavirus
Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus....
BofA starts asking clients for contingency plans during underwriting assessment process
Bank of America Corp is asking clients about their coronavirus contingency plans as part of its evaluation process of which deals to underwrite, according to...
White House considers tax relief for airlines, travel firms amid coronavirus
The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has...
Bond yields slide to record lows, stocks succumb to virus fears
Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up...
Telecom Italia fined 116 million euros for broadband market abuse
Italy’s competition watchdog said on Friday it had fined former phone monopoly Telecom Italia (TIM) 116 million euros ($131 million) for abusing its dominant position...
Coronavirus infects more than 100,000 worldwide, wreaking financial havoc
The number of people infected with coronavirus surpassed 100,000 across the world on Friday as the outbreak reached more countries and intensified economic damage, with...
Morgan Stanley shifts London traders to Heathrow site to counter virus: sources
Morgan Stanley is shifting part of its London-based sales and trading staff to a secondary site near Heathrow airport to ensure its trading desks can...