Oil falls amid persistent fears about oversupply and pandemic
Oil prices fell on Wednesday on persistent worries about oversupply amid global coronavirus-related lockdowns and as the International Monetary Fund (IMF) warned of a deep recession.
Proxy advisers split over endorsing Bayer management at AGM
Shareholder advisory groups are divided over whether to endorse the management and directors at German drugs and pesticides company Bayer , according to recommendations submitted by proxy voting firms.
Oil climbs on bargain-hunting, hopes for purchases for reserves
Oil prices climbed on Wednesday, bouncing back from the previous session’s large losses, as investors looked for bargains and supported by hopes that consuming countries will look to fill their strategic reserves.
Asia shares take a breather, China cuts medium-term rates
Asian share markets took a breather on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business.
Oil in the age of coronavirus: a U.S. shale bust like no other
Texas oilman Mike Shellman has kept his MCA Petroleum Corp going for four decades, drilling wells through booms and busts and always selling his crude to U.S. oil refiners.
Global creditors agree on debt relief for poor countries hit by pandemic
Major international creditors will relieve the world’s poorest countries of debt payments this year to help them deal with the coronavirus pandemic that has sparked the steepest downturn in the global economy since the 1930s, France announced on Tuesda…
Tesla’s China car registrations surge in March as Shanghai factory back up
U.S. electric vehicle maker Tesla Inc’s China car registrations jumped 450% in March, month on month, data from auto consultancy LMC Automotive showed.
Coronavirus seen knocking U.S. retail sales in March
U.S. retail sales likely suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades.
Airbnb secures new $1 billion loan on top of $1 billion bond deal
Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion loan just days after closing a $1 billion debt deal, the company said on Tuesday.
Asia shares consolidate, China cuts another interest rate
Asian share markets took a breather on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business.
