April 16, 2020

Bleak jobs data keeps dollar at one-week high

The dollar hit a one-week high on Thursday as investors fled to safe-haven assets following the release of weekly U.S. jobless data which showed a record […]
April 16, 2020

L’Oreal eyes post-confinement rush to hair salons

L’Oreal is counting on consumers rushing back to hair salons to help its business recover quickly once European and U.S. coronavirus lockdowns are lifted, it said […]
April 16, 2020

U.S. business formation tanks as coronavirus shuts economy

Applications to start new U.S. businesses tumbled last week, the latest indication that stringent measures to control the spread of the novel coronavirus had brought the […]
April 16, 2020

S&P 500, Dow slip on grim earnings, coronavirus worries

The S&P 500 and Dow Jones slipped on Thursday, giving up early gains as concerns about rough first-quarter earnings and lasting economic damage from the coronavirus […]
April 16, 2020

Air traffic in Latin America falls 91% due to the coronavirus outbreak

Air traffic in Latin America in April has fallen 91% compared to a year earlier due to the coronavirus outbreak that fully grounded two of the […]
April 16, 2020

Exclusive: Italy sees 2020 budget deficit near 10% of GDP – source

Italy’s budget deficit will be near 10% of gross domestic product this year, a senior government official told Reuters, as Rome increases borrowing to try to […]
April 16, 2020

U.S. crude set to close at 18-year low after OPEC cuts demand forecast

Oil prices slid, with U.S. crude on track for its lowest close since 2002, after OPEC lowered its global oil demand forecast due to the plunge […]
April 16, 2020

Nissan extends U.S. production shutdown until mid-May

Japanese automaker Nissan Motor Co said Thursday it will extend a shutdown of U.S. manufacturing plants until mid-May, citing the ongoing impact of the COVID-19 pandemic. […]
April 16, 2020

U.S. opposes massive liquidity IMF boost: Mnuchin

The United States opposes creation of liquidity through issuance of the International Monetary Fund’s Special Drawing Rights (SDRs) as part of the response to the coronavirus […]
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