April 20, 2020

Traders play ‘hot potato’ with U.S. oil contract as it crashes to $1 a barrel

Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract to a record of almost $1 […]
April 20, 2020

United Airlines sees $2.1 billion loss as coronavirus hits Latin America growth hopes, seeks more federal aid

United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, after the coronavirus outbreak smothered its […]
April 20, 2020

U.S. senators propose $500 billion rescue for state, local governments

A U.S. Senate Republican and a Democrat proposed a $500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that […]
April 20, 2020

Carrefour halves dividend due to coronavirus outbreak

Carrefour , Europe’s largest retailer, said on Monday it was halving its 2019 dividend to 0.23 euros per share and that CEO Alexandre Bompard would waive […]
April 20, 2020

HSBC cuts top investment bank jobs despite wider firing freeze

HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that Chief Executive Noel Quinn is […]
April 20, 2020

SunPower idles factories as coronavirus hits solar demand

U.S. solar panel maker SunPower Corp on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus outbreak […]
April 20, 2020

Coronavirus pushes Latin America’s budding startups into survival mode

The chief executive of Colombian food technology startup Muy had expected to spend the past few weeks gearing up to raise a dollop of fresh funds […]
April 20, 2020

U.S. crude futures plunge to lowest on record on scant storage, weak demand

Oil prices tumbled on Monday, with the U.S. crude futures contract plunging more than 50% to the lowest price on record, as investors worried about lack […]
April 20, 2020

Volkswagen in Brazil to keep factories closed through April

Volkswagen AG said on Monday it will keep its factories in Brazil, South America’s top auto producer, shut through the end of the month, but that […]
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