Exclusive: Aramco offers struggling refiners sweeter terms for crude
Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, four refining industry sources said.
Exclusive: Ukraine ready to ban wheat exports if necessary – deputy minister
Ukraine, one of world’s top grain exporters, is ready to ban wheat exports if sales exceed limits agreed with traders, the deputy economy minister in charge of agriculture told Reuters on Wednesday.
ADCB files criminal complaint against individuals linked to NMC Health
Abu Dhabi Commercial Bank has filed a criminal complaint against individuals linked to hospital operator NMC Health , the lender said.
There are limits to boldly easing bank rules in coronavirus pandemic: BIS
Easing bank rules is among the “bold and extraordinary” steps needed to beat the coronavirus, but it must be temporary and limited to avoid undermining financial stability after the epidemic has passed, central bankers said on Wednesday.
Oil falls 4% towards $28 on oversupply concerns
Oil fell by more than 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to global coronavirus-related lockdowns and a lack of coordinated oil purchases for strategic storage.
Amazon plans to appeal French ruling limiting trade to essential goods
Amazon said on Wednesday it planned to appeal a French court ruling limiting deliveries to essential goods in order allow for a deeper assessment of coronavirus risks at its sites in the country.
Bosses at commercial vehicle group CNH take pay cuts in show of solidarity
Top executives and board members at commercial vehicle maker CNH Industrial will take voluntary pay cuts in an act of solidarity with the group’s workforce during the coronavirus crisis, the Italian-American company said on Wednesday.
Oil falls 5% to $28 on oversupply concerns
Oil fell 5% to around $28 a barrel on Wednesday, pressured by reports suggesting persistent oversupply and collapsing demand due to global coronavirus-related lockdowns.
Global shares dip as dire warnings for global economy weigh
Global share markets dipped into the red on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage done during the coronavirus panemdic even as some countries try to re-open for business.
Swiss court rejects Credit Suisse bid to block FINMA spying scandal appointment
Credit Suisse has lost a bid to block an auditor appointed by Switzerland’s financial supervisor as part of its probe into the bank’s spying scandal, court documents show, with judges ruling the Swiss bank’s objections were unfounded.
