Oil rises, but ends wild week lower as coronavirus slashes fuel demand
Oil prices rose on Friday, bringing an end to another week of losses that featured the U.S. contract plunging to minus $40 a barrel, as global production cuts could not keep pace with the collapse in demand caused by the coronavirus pandemic.
Explainer: Oil ETPs – the perils of trading crude like a stock
A historic plunge in oil prices in the wake of the COVID-19 pandemic has highlighted the risks of oil-focused exchange-traded products (ETPs).
Number of workers who contracted COVID-19 at JBS plant in Brazil is 12: source
Some 12 workers at a Brazilian chicken plant operated by JBS SA have contracted COVID-19, a source close to the company told Reuters on Friday on condition of anonymity.
Brazil JBS workers catch COVID-19 in latest meat plant outbreak
A JBS SA poultry plant in southern Brazil was hit by an outbreak of COVID-19, according to labor prosecutors, marking the first large-scale infection at a Brazilian meat plant.
Tech titans Apple and Microsoft propel Wall Street rally
Wall Street rallied on Friday, led higher by Apple and Microsoft as investors finished a turbulent week of trading and some states prepared to relax coronavirus-related lockdowns.
Air France-KLM wins aid deal, flags likely share issue
Air France-KLM secured 7 billion euros ($7.6 billion) in French government aid on Friday, as the airline industry struggles to survive the coronavirus crisis that has all but halted passenger traffic across much of the world.
CBO sees $3.7 trillion U.S. deficit from coronavirus pandemic
A nationwide business shutdown and a surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year, as a gyrating American economy reacts to the coronavirus pandemic, congressional forecasters sa…
U.S. CDC reports 865,585 coronavirus cases, 48,816 deaths
The U.S. Centers for Disease Control and Prevention (CDC) on Friday reported 865,585 cases of the novel coronavirus, an increase of 37,144 from its previous count, and said the number of deaths had risen by 2,437 to 48,816.
Virus-hit Madame Tussauds owner raises 500 million euros in bond sale
The firm behind Madame Tussauds and Legoland parks raised 500 million euros ($540 million) via a five-year bond on Friday, paying a high yield of 7% to secure the funds it needs to tide it over while most of its venues are closed in the coronavirus pan…
Trump threatens to block aid for U.S. post office if it does not raise prices for Amazon
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on package…
