April 16, 2020

Stocks slide and dollar rally runs as economic realities bite

Asia’s stock markets retreated from their highest levels for a month and the dollar extended gains on Thursday as the damage the coronavirus has wrought on […]
April 16, 2020

Lazard boosts restructuring team as coronavirus-hit firms run into trouble

Lazard Ltd has bolstered its senior restructuring team as it seeks to win business from companies struggling to stay afloat in the midst of the economic […]
April 16, 2020

Oil edges higher after hitting 18-year lows but demand outlook weighs

Oil edged higher on Thursday following sharp losses in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little […]
April 16, 2020

U.S. probe unable to rule out White House influence on JEDI contract awarded to Microsoft, not Amazon

The Pentagon’s inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp […]
April 16, 2020

United cuts May flights by 90%, tells employees to brace for job cuts

United Airlines Holdings Inc said on Wednesday that it has cut its flight schedule by 90% in May and expects similar cuts for June as a […]
April 16, 2020

Stocks slide as dire economic outlook weighs

World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in U.S. retail sales and factory […]
April 16, 2020

With confidence shattered, the road to a ‘normal’ U.S. economy looks long

U.S. air travel was shut down for three days after the Sept. 11, 2001, attacks. It took three years for the industry to recover despite toughened […]
April 16, 2020

Exclusive: New York taps McKinsey to develop ‘Trump-proof’ economic reopening plan

New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected […]
April 16, 2020

Oil bounces back as rising stockpiles seen pointing to lower output amid coronavirus

Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean […]
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