Oil tops $40 for 1st time since March on OPEC cuts, demand recovery
Oil rose on Wednesday, topping $40 a barrel for the first time since March, supported by lower U.S. inventories, expectations OPEC+ will keep oil output...
Global shares hit 3-month highs on economic recovery hopes
World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus...
Geely’s Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease
Volvo Cars, owned by China’s Geely Holding, said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the...
Nomura considers having fewer staff at headquarters permanently
Nomura Holdings Inc is considering having fewer staff work at its Tokyo headquarters permanently now that the coronavirus pandemic has spurred a huge shift to...
China drives global oil demand recovery out of coronavirus collapse
China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound...
Shell weighs sale of $2 billion-plus stake in Queensland LNG facilities
Royal Dutch Shell is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG...
Column: Spend or hoard? Fate of forced savings could define pandemic recovery – Mike Dolan
(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own)...
Renault finalises 5 billion euro state-backed loan
Renault finalised on Wednesday a 5 billion euro ($5.60 billion) loan from with the French government, strengthening the carmaker’s finances in the wake of the...
Lufthansa vows company revamp as losses balloon
Lufthansa vowed to step up up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state...
Virgin Australia bidders get 10-day extension for final offers, source says
Virgin Australia Holdings Ltd’s administrator has given final bidders Bain Capital and Cyrus Capital Partners until June 22 to lodge binding offers, an extension of...