April 23, 2020

Oil rallies on Gulf tensions and output cuts

Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing nations to tackle oversupply and the promise of more government […]
April 23, 2020

Domino’s Pizza forecasts rise in comparable sales; pulls long-term outlook

Domino’s Pizza Inc on Thursday forecast a 7.1% rise in U.S. comparable store sales in the first four weeks of the current quarter, benefiting from home-delivery […]
April 23, 2020

Gap says current cash and credit lines may not be sufficient to fund operations

Gap Inc said on Thursday its existing cash levels and credit facilities may not be sufficient to run its business and it would have to take […]
April 23, 2020

Stocks pause before key EU meeting on coronavirus aid

Caution gripped markets on Thursday, with stocks falling before a key Eurogroup meeting to discuss joint stimulus measures, offsetting optimism from a fresh round of U.S. […]
April 23, 2020

Volkswagen making masks in China for its staff at European plants

Volkswagen AG is making masks in China for distribution to Volkswagen plant employees in Europe, the German automaker said on Thursday as it prepares to restart […]
April 23, 2020

Renault seeks state-backed loan to build cash buffer

Renault is in talks with the French government to secure a state-backed loan worth several billion euros to shore up its liquidity during the coronavirus pandemic, […]
April 23, 2020

Credit Suisse warns over coronavirus uncertainties after first-quarter earnings beat

Credit Suisse has bulked up on provisions for expected credit losses and cautioned over uncertainty during the coronavirus outbreak, even as it posted a 75% rise […]
April 23, 2020

Dollar slips against commodity currencies as Brent surges

The dollar slipped against the currencies of oil-producing states on Thursday, giving up earlier gains as a bounce in crude prices gave succour to markets shaken […]
April 23, 2020

Oil surges as producers trim output to respond to demand loss

Oil surged on Thursday amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while the […]
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