March 11, 2020

Oil falls after Saudi Aramco asked to raise output capacity

Oil prices fell on Wednesday, giving up earlier gains, after Saudi Aramco said it had been directed by the energy ministry to raise its production capacity […]
March 11, 2020

Uber may suspend accounts of riders, drivers who test positive for coronavirus

Uber Technologies Inc notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or have been […]
March 11, 2020

European stock futures jump as BoE joins rate cut party

Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset […]
March 11, 2020

One person infected with coronavirus at Equinor’s offshore oil project

A worker at Equinor’s Martin Linge offshore oil and gas development has been diagnosed with the coronavirus and is being held in isolation, the Norwegian energy […]
March 11, 2020

Saudi Arabia has asked state agencies to implement big budget cuts: sources

Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with […]
March 11, 2020

Saudi Arabia has asked Aramco to boost oil capacity: CEO

Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO […]
March 11, 2020

Business travel sector to lose $820 billion in revenue on coronavirus hit: industry group

The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses, as […]
March 11, 2020

Oil extends gains as U.S. output cut hopes grow

Oil prices climbed for a second day on Wednesday as hopes U.S. producers would cut output lent support, but gains were capped by growing doubts about […]
March 11, 2020

Citigroup hires Loretta Ko to head financial institution group

Citigroup has hired Loretta Ko to return to the investment bank and head its financial institutions group (FIG) for Hong Kong, the bank said on Wednesday. […]
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