April 1, 2020

U.S. factory activity in March was weakest since 2009: IHS Markit

The U.S. manufacturing sector contracted in March, with activity hitting its lowest level since 2009, as the coronavirus pandemic caused widespread shortages, a survey confirmed on […]
April 1, 2020

Oil falls to $25 as oversupply fears mount with U.S. inventory rise

Oil slid to $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories […]
April 1, 2020

Glencore’s chrome joint venture in South Africa with Merafe declares force majeure

Glencore’s chrome joint venture in South Africa with Merafe Resources has declared force majeure on qualifying contracts after a nationwide lockdown forced operations to shut, a […]
April 1, 2020

Tariff pain turns to gain: U.S. computer, toy stockpiles help meet virus rush

As the coronavirus outbreak forced classes online, Boston Public Schools ordered 20,000 laptops and had them in hand in four days – an unusually fast turnaround […]
April 1, 2020

Oilfield spending to fall 21% as producers slash outlays: report

Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report […]
April 1, 2020

Futures tumble as coronavirus crisis intensifies

U.S. stock index futures sank on Wednesday following stark predictions of a rising U.S. death toll and economic damage from the coronavirus outbreak, a day after […]
April 1, 2020

Factory activity plunges as coronavirus shock deepens

Factories fell quiet across most of Europe and Asia in March as the coronavirus pandemic paralyzed economic activity, with evidence mounting that the world is sliding […]
April 1, 2020

Oil majors slash 2020 spending by 20% after prices slump

The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of […]
April 1, 2020

Dollar rallies as investors brace for global downturn

The dollar rallied against riskier currencies on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions for decades as […]
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