U.S. auto industry starts to return to life after lockdown
The U.S. auto industry slowly returned to life on Monday, with some vehicle assembly plants reopening after the coronavirus lockdown while suppliers geared up to...
Tech firms sweeten deals for U.S. banks cutting costs in crisis
Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as...
Brent at one-month high, U.S. oil tops $31 as restrictions ease
Oil prices climbed by $2 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by optimism about...
Trump admin slaps solar, wind operators with retroactive rent bills
The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills at a...
Oil and European shares rise as lockdowns ease; gold jumps
European stock markets rose on Monday and oil prices climbed to their highest in as much as two months as a loosening of coronavirus shutdowns...
Thyssenkrupp steel workers open to consolidation talks – labor boss
Thyssenkrupp’s powerful labor representatives are open to consolidation talks in the steel sector, a leading union official told Reuters on Monday....
Brent at one-month high, U.S. oil tops $30 as restrictions ease
Oil prices climbed by more than $1 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by...
SoftBank’s Vision Fund tumbles to $18 billion loss in ‘valley of coronavirus’
Japan’s SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting...
Total calls off plan to buy Occidental Petroleum’s Ghana asset
Total has called off a plan to acquire Occidental Petroleum’s assets in Ghana, which was conditional on the completion of the acquisition of Occidental’s other...
SoftBank Vision Fund records $18 billion operating loss, portfolio slides underwater
Japan’s SoftBank Group Corp on Monday reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets...