May 4, 2020

Oil prices slide on demand concerns, U.S.-China trade tension

Oil prices fell on Monday, paring last week’s gains, on worries a global oil glut may persist amid slumping demand and U.S.-China trade tensions that could […]
May 4, 2020

Trump administration pushing to rip global supply chains from China: officials

The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling […]
May 4, 2020

Pandemic slams Asia’s factories, activity hits financial-crisis lows

Asia’s factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus […]
May 4, 2020

Citi names veteran Rizvi as APAC corporate banking head: memo

Citigroup Inc has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by Reuters […]
May 4, 2020

GM Korea to cut output of key SUV as virus hits U.S. exports: document

General Motors Co’s South Korean unit plans to sharply cut output this month at a factory producing its new Trailblazer sport-utility vehicle (SUV), as the coronavirus […]
May 4, 2020

Dollar edges up, Asian stocks slip as U.S.-China tensions flare

The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a U.S.-China spat over the origin of the coronavirus put the […]
May 4, 2020

Oil prices lower on U.S.-China trade tension

Oil prices fell in early trade on Monday, paring last week’s gains, on worries the global oil glut may persist as U.S.-China trade tension could hold […]
May 3, 2020

Oil prices open down on persistent oversupply worries

U.S. crude futures fell more than 5% in early trade on Monday, paring last week’s gains, on worries about oil oversupply and tempered hopes for an […]
May 3, 2020

U.S. airlines now requiring masks, promise more safety measures

With the largest U.S. airlines now set to mandate – and provide – facial coverings for all passengers over the next two weeks, many are turning […]
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