April 8, 2020

Asian shares turn mixed, oil rebounds in choppy trade

Asian stocks were mixed on Wednesday after two sessions of sharp gains as investors tempered their optimism about the coronavirus while death tolls were still mounting […]
April 8, 2020

Amazon to suspend delivery service competing with UPS, FedEx

Amazon.com Inc will suspend a delivery service that aims to compete with UPS and FedEx in the United States. Powered by WPeMatico
April 8, 2020

Pulp friction: Border jams delay supply of toilet paper’s only ingredient

As several European borders limit travel to stop the spread of COVID-19, two of the world’s biggest pulp makers say transportation logjams are delaying shipments of […]
April 8, 2020

Wobbly U.S. fiscal response could deepen coronavirus recession

The U.S. government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to people and businesses in […]
April 8, 2020

Tesla to furlough workers, cut employee salaries due to coronavirus

Tesla Inc told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because […]
April 8, 2020

U.S. oil state senators to talk crude markets with Saudi officials Saturday: source

Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold […]
April 8, 2020

Australia’s Treasury Wine, to cope with virus, weighs Penfolds demerger, U.S. cutback

Australia’s Treasury Wine Estates Ltd said it may spin off the prestigious Penfolds label and shrink its low-end “commercial” division in the United States as it […]
April 8, 2020

Oil prices jump on hopes for OPEC, Russia meeting on output cuts

Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will […]
April 8, 2020

Nissan’s China sales drop 44.9% in March due to virus

Japanese automaker Nissan said on Wednesday its sales in China fell 44.9% from a year earlier to 73,297 units in March, as the coronavirus epidemic continues […]
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