Oil prices rise on supply cuts, improving demand
Oil prices rose on Tuesday, with Brent crude rising above $40 a barrel, as the IEA increased its oil demand forecast for 2020 and as...
Stimulus splurge restarts stocks rally
The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a...
Oil prices edge higher as supply cut hopes outweigh coronavirus resurgence fears
Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of...
SoftBank-backed ride-hailing firm Grab announces layoffs
Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus....
U.S. expected to report record rise in monthly retail sales
U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a...
FCC chair calls T-Mobile U.S. network outage ‘unacceptable’, vows probe
The Federal Communications Commission (FCC) will probe an extensive T-Mobile network outage that impacted customers across the United States, the head of the U.S. telecommunications...
Exclusive: Chesapeake Energy to file for bankruptcy as soon as this week – sources
Chesapeake Energy Corp is preparing to file for bankruptcy protection as soon as this week, becoming the largest oil and gas producer pushed to the...
Oil prices ease as coronavirus infections rise
Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts...
U.S., China to each allow four weekly flights for airlines; Delta to fly next week
The United States and China will each allow four weekly flights between the two countries, the U.S. Transportation Department said on Monday, easing a standoff...
Embraer secures $600 mln loan as commercial aviation chief departs
Embraer SA said on Monday it had secured a $600 million loan, partly backed by Brazil’s government, at the same time as a key executive...