S&P 500 clears 3,000 barrier on economic recovery and vaccine hopes
U.S. stocks jumped on Tuesday, propelling the S&P 500 past the key psychological level of 3,000 points as optimism about developing coronavirus vaccines and the...
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build in...
Oil prices rise as faith in supply cuts grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up...
U.S. consumer confidence stabilizes; new home sales surprise
U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was likely in the past as the country starts...
Exclusive: Coronavirus spreads in Brazil’s oilfields, as six offshore operators register cases
Norway’s Equinor ASA , Brazil’s Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among...
S&P 500 clears 3,000 barrier on hopes of recovery, vaccine
ṄU.S. stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity...
Austrian Airlines, government agree financing package: Kurier
Austria’s government and Lufthansa-owned carrier Austrian Airlines on Tuesday reached agreement on loans for the airline and to keep Vienna airport as a long-haul hub,...
Global airlines body raises alarm over bailout debts
Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry’s recovery from the coronavirus crisis, a trade body said on...
Oil prices gain as faith in supply cuts grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up...
Pandemic forces virtual safety checks for oil tankers
Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness...