April 14, 2020

Oil slides as producer cuts fail to banish demand fears

Oil prices plunged again on Tuesday as investors were unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic. Powered by WPeMatico
April 14, 2020

Explainer: Trump has little power to restart U.S. economy

President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, which has been largely shut down to slow the spread […]
April 14, 2020

Wall Street set for gains as JPMorgan, J&J kick off earnings

Wall Street’s main indexes were set to open higher on Tuesday as the quarterly earnings season began in earnest with JPMorgan Chase and Johnson & Johnson […]
April 14, 2020

Amazon ordered to limit France trade to essential goods within 24 hours

A French court on Tuesday ordered Amazon to limit its business to essential goods within 24 hours to allow for an assessment of epidemic risks, trade […]
April 14, 2020

Hyundai to provide COVID 19 tests, ‘drive through’ testing support in U.S.

Hyundai Motor Co’s North American unit will expand its support for “drive through” testing for the coronavirus and donate 65,000 tests to hospitals in the United […]
April 14, 2020

Delta absorbs order for 10 Airbus A350 jets cancelled by Latam: sources

Delta Air Lines has taken over an order worth roughly $3 billion at list prices for 10 Airbus A350 jetliners from Latam Airlines Group ), two […]
April 14, 2020

Spain says IMF outlook confirms view of strong, short-lived crisis

The Spanish government said on Tuesday the International Monetary Fund’s forecast of an 8% economic slump this year due to the coronavirus pandemic, to be followed […]
April 14, 2020

Coronavirus ‘Great Lockdown’ to shrink global economy by 3% in 2020: IMF

The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the […]
April 14, 2020

Wells Fargo first-quarter profit decimated as coronavirus boosts provisions

Wells Fargo & Co on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside billions of dollars to cover potential loan-losses from […]
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