May 18, 2020

Stimulus, vaccine hopes drive S&P 500 to 10-week high

U.S. stocks surged on Monday, with the S&P 500 hitting a 10-week high, as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with […]
May 18, 2020

Total calls off plan to buy Occidental Petroleum’s Ghana assets

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 assets […]
May 18, 2020

U.S. auto industry returns to life after lockdown

The Detroit Three automakers and their suppliers began restarting assembly lines on Monday after a two-month coronavirus lockdown in a slow revival of a sector that […]
May 18, 2020

IMF chief warns full global economic recovery unlikely in 2021

The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International […]
May 18, 2020

Delta to resume flying several major routes in June

Delta Air Lines said on Monday it would resume flying several major routes in June that were suspended due to the COVID-19 pandemic. Powered by WPeMatico
May 18, 2020

Wall Street surges on hopes for stimulus, coronavirus vaccine

Wall Street’s main indexes surged on Monday as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also counting on more stimulus […]
May 18, 2020

Brent at one-month high, U.S. oil tops $32 as lockdowns ease

Oil prices jumped on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30, supported by optimism about the reopening of economies and […]
May 18, 2020

U.S. homebuilder confidence rises in May

Confidence among U.S. single-family homebuilders rose in May, potentially signaling that the worst of the economic downturn was probably over as the country gradually reopens after […]
May 18, 2020

Exclusive: Nissan’s survival plan for Europe: SUVs and sharing with Renault

Nissan Motor Co is working on a plan to scale back its European business, focusing on sport utility and commercial vehicles as well as more effective […]
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