Oil moves higher, hovers below $40 as doubts emerge over next step on OPEC cuts
Oil ended slightly higher on Wednesday but remained below the session’s early highs above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to…
U.S. HR executives see working from home as part of new normal: survey
More than three out of four U.S. human resource executives think more employees will continue to work from home even after the threat of the novel coronavirus subsides, according to a survey by a large business association released on Wednesday.
Delta will extend social distancing through Sept. 30
Delta Air Lines Inc said on Wednesday it will extend social distancing measures on its flights through Sept. 30 and will block the selection of middle seats and cap seating in every cabin.
Shares, euro climb on robust risk appetite as lockdowns ease
Global equity markets rallied and the euro rose against the dollar on Wednesday, both for a seventh straight session, indicating strong risk appetite as easing lockdowns and hopes for more monetary stimulus boosted investor confidence.
U.S. senators to announce sanctions bill on Russia’s Nord Stream 2 gas pipeline
U.S. senators will announce a bill this week expanding sanctions on Russia’s Nord Stream 2, a natural gas pipeline to Germany opposed by many in Washington who say it would tighten Moscow’s political and economic grip on Europe, Senate aides said on We…
U.S. indicts Pilgrim’s Pride Corp CEO for alleged chicken price-fixing
The chief executive of Pilgrim’s Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
Exclusive: Ex-Enron CEO Skilling launching new digital marketplace for oil investors – sources
Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm’s collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four people famili…
Virus-hit U.S. state revenue could start slow recovery in third quarter: analysts
U.S. state tax revenue, which plunged due to the economic fallout from the coronavirus pandemic, could start to slowly recover this summer as long as the outbreak does not undergo a resurgence, analysts said.
Wall Street surges on signs of economic rebound
Wall Street jumped in a broad rally on Wednesday, closing ground on all-time highs as signs of recovery from mandated economic shutdowns helped investors look beyond ongoing social unrest and pandemic woes.
New U.S. restrictions on 33 Chinese firms and institutions take effect June 5
The U.S Commerce Department said on Wednesday that new restrictions on 33 Chinese firms and institutions it announced last month will take effect Friday.
