April 2, 2020

Volkswagen extends Mexico production halt as coronavirus bites

German automaker Volkswagen said on Wednesday it would extend until April 30 a suspension of activities at two production plants in central Mexico after the government […]
April 1, 2020

Volkswagen to extend U.S. production halt until April 12

Volkswagen AG said on Wednesday it is extending a production halt at its Chattanooga, Tennessee, assembly plant until April 12 because of the coronavirus pandemic. Powered […]
April 1, 2020

Trump invites oil chiefs to discuss help for ailing industry

U.S. President Donald Trump has invited oil executives to the White House to discuss potential ways to help the industry hammered by slumping energy demand during […]
April 1, 2020

Oil ends lower after U.S. crude stockpiles jump, gasoline demand sinks

Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever […]
April 1, 2020

Oil market shock to spill over into global supply chains: IEA

The global crisis caused by the coronavirus pandemic will be felt throughout oil’s global supply chains and ripple into other parts of the energy sector, the […]
April 1, 2020

U.S. shale company Whiting becomes first major bankruptcy of oil-price crash

Whiting Petroleum Corp filed for Chapter 11 bankruptcy, the U.S. shale producer said on Wednesday, the first publicly traded casualty of crashing crude oil prices that […]
April 1, 2020

U.S. dollar gains as global recession looms

The dollar advanced on Wednesday, with markets bracing for what is shaping up to be one of the worst economic contractions in decades as the world […]
April 1, 2020

Democrats urge U.S. Treasury not to delay $25 billion in grants to airlines

U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to […]
April 1, 2020

Dow falls 600 points to start second quarter as virus anxiety grows

The Dow Jones fell 600 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and […]
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