May 21, 2020

Oil prices climb as U.S. stock drawdown eases supply glut fears

Oil prices advanced on Thursday as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, though […]
May 21, 2020

Exclusive: Schlumberger names new top executives to oversee corporate overhaul

Schlumberger, the world’s largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year’s historic decline in the oil […]
May 21, 2020

Backlogs, second wave of layoffs keeping U.S. weekly jobless claims high

Millions more Americans likely filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave […]
May 21, 2020

Asia shares temper rally, await China policy meeting

Asian shares stepped back slightly and U.S. stock futures fell on Thursday as lingering caution about the long-term impact of the coronavirus outbreak offset some of […]
May 21, 2020

Canada Goose lays off 125 workers

Retailer Canada Goose Holdings Inc said on Wednesday it has laid off 125 workers, about 2.5% of its global workforce, as part of steps to cope […]
May 20, 2020

Asia shares set for early gains as focus swings to recovery

Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government […]
May 20, 2020

U.S. regulators open door to possible tightening of Huawei chip curb

U.S. regulators are open to making changes to close what some see as a loophole in a new rule aimed at curbing global chip sales to […]
May 20, 2020

Fed debates longer-term crisis-fighting plan, minutes show

Federal Reserve policymakers, still working to fully roll out a multi-trillion-dollar effort to shore up financial markets and an economy cratered by the coronavirus pandemic, last […]
May 20, 2020

Zalando proposes Rent The Runway CEO to join board

German online fashion retailer Zalando proposed on Wednesday that Jennifer Hyman, the chief executive of U.S. clothing rental firm Rent the Runway, joins its supervisory board, […]
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