World stocks lead rally as G7 pledges virus support
A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers...
Hudson’s Bay Chairman Baker to take over as CEO: source
Saks Fifth Avenue owner Hudson’s Bay Co Executive Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told...
Wall Street set for lower open as G7 statement underwhelms
The Dow Jones Industrials index looked set to drop more than 100 points at the open on Tuesday after G7 heads stopped short of outlining...
Chevron shows off war chest by pledging up to $80 billion in returns
Chevron Corp on Tuesday said it would keep its spending in check and return up to $80 billion to shareholders over the next five years,...
OPEC gathers in Vienna to discuss further cuts in oil output
OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the...
Oil extends gains on expectations for coordinated effort to offset coronavirus impact
Oil prices extended gains on Tuesday on expectations that central banks will provide financial stimulus to offset the impact of the coronavirus outbreak and on...
Futures mixed as traders assess G7 comments on monetary stimulus
U.S. stock index futures were mixed on Tuesday, as G7 heads indicated willingness to take steps to mitigate the economic impact of the coronavirus epidemic,...
BMW, Daimler aim to cut emissions 20% this year with new electric models
New electric models will help BMW and Daimler cut emissions from the cars they sell by an average of 20% this year, the German automakers...
Chevron says it has potential to return up to $80 billion in capital over five years
Chevron Corp said on Tuesday it could return as much as $80 billion to shareholders over five years even if oil prices remained low....
Global markets: Here come the cavalry?
A recovery in world stock markets and oil prices picked up pace on Tuesday, as global policymakers signalled a united front to address the economic...