Oil steady on signs of output cuts but demand concerns weigh
Oil prices were steady on Tuesday amid signs that producers are cutting output as promised while traders awaited more clarity on the demand picture as...
Asda’s first-quarter sales boosted by coronavirus stocking-up
Asda, the British supermarket arm of the world’s biggest retailer Walmart , said on Tuesday its first-quarter comparable sales rose 3.5%, boosted by consumers stocking-up...
Past its peak? Battered oil demand faces threat from electric vehicles
Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis...
Few U.S. oil and gas firms return small-business COVID-19 loans
U.S. securities filings show that only three of 12 listed oil and gas companies that received emergency government aid made available for small businesses said...
Southwest says bookings outpace cancellations in May
Southwest Airlines Co said on Tuesday it recorded positive bookings on a net basis through May 18, as passenger reservations outpaced trip cancellations....
Mitsubishi Motors to cut costs after slump in annual profit
Mitsubishi Motors Corp will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual...
Home Depot reports over 6% rise in same-store sales
Home Depot Inc reported a 6.4% rise in quarterly same-store sales on Tuesday, as the COVID-19 pandemic caused a surge in demand for cleaning supplies...
Deutsche Boerse chief says plans to fulfil his term as CEO
Deutsche Boerse Chief Executive Theodor Weimer said on Tuesday that he planned to complete his term through the end of 2024 at the helm of...
JPMorgan hands out $30 billion in loans to small businesses: memo
JPMorgan Chase & Co has given out more than $30 billion in loans to over 250,000 businesses as part of the United States’ coronavirus aid...
Deutsche Boerse chief says plans to fulfill his term as CEO
Deutsche Boerse Chief Executive Theodor Weimer said on Tuesday that he planned to complete his term at the helm of the stock exchange operator....