IMF may need ‘exceptional measures’ to facilitate pandemic response: Georgieva
The International Monetary Fund may need to step outside its comfort zone and consider “exceptional measures” to help countries deal with the coronavirus pandemic and mitigate its economic impact, Managing Director Kristalina Georgieva said on Monday.
Congress feuds as deal still elusive on small business coronavirus aid
U.S. Democrats and Republicans feuded on Monday over who was responsible for delay even as they worked on details of a possible $450 billion-plus deal to provide more aid to small businesses and hospitals hurt by the coronavirus pandemic.
NatWest presses ahead with more job cuts in face of coronavirus crisis
British state-backed lender NatWest is pressing ahead with further job cuts, axing more than 30 jobs in its digital ventures arm despite rivals halting redundancies during the coronavirus crisis.
Halliburton books $1.1 billion charge, slashes spending by 50%
U.S. oilfield services giant Halliburton on Monday reported a $1 billion first-quarter loss on charges and outlined the largest budget cut yet among top energy companies as U.S. crude futures plunged to two-decade lows.
Saudi Arabia gets physical with Russia in underground oil bout
Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.
FCC approves Ligado plan to deploy mobile broadband network
The five-member Federal Communications Commission voted unanimously to approve an order to allow Ligado Networks[MOSAV.UL] to deploy a low-power nationwide 5G network despite objections from the U.S. Defense Department, other federal agencies and major…
U.S. Supreme Court sides with BP unit to curtail Superfund site cleanup lawsuits
The U.S. Supreme Court handed BP Plc unit Atlantic Richfield Co a victory on Monday, making it harder for Montana landowners to seek a more extensive cleanup of a hazardous waste site than the federal government had ordered.
Wall Street retreats as crude slump batters energy stocks
A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak.
United Airlines sees $2.1 billion loss as coronavirus hits LatAm growth hopes, seeks more federal aid
United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion for the first quarter, after the coronavirus outbreak smothered its growth aspirations in Latin America and led the company to seek another $4.5 billion in governm…
Investors much less confident about market outlook, Trump re-election chance: survey
The markets are much less confident about Europe and the United States getting back to business ahead of the summer, a Deutsche Bank investor survey showed on Monday, even as some countries begin gradually re-opening their economies.
