U.S. approves $168 billion of small business loans under coronavirus plan: Kudlow
The United States has approved 661,000 loans to small businesses totaling $168 billion under a program to address the fallout from the novel coronavirus epidemic, White House economic adviser Larry Kudlow said on Friday.
Saudi-Mexican clash halts record oil cut deal despite Trump pressure
Top oil nations struggled to finalise record output cuts at G20 talks on Friday to boost prices slammed by the coronavirus crisis, as Saudi Arabia clashed with Mexico despite U.S. President Donald Trump’s mediation offer.
Saudi crown prince, Russia’s Putin discuss efforts to stabilize oil markets: SPA
Saudi Arabia’s Crown Prince and Russian President Vladimir Putin reviewed in a telephone conversation on Friday the efforts to achieve stability of energy markets to support the growth of the global economy, Saudi state news agency (SPA) reported.
Saudi, others resist Mexican plan to make small oil output cuts – sources
Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday.
Honeywell borrows further $1.5 billion
Honeywell International Inc said on Friday it had entered into a $1.5 billion loan agreement to be used for general corporate purposes.
Boeing hires Lazard, Evercore to assess government aid or private loans: source
Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter confirmed on Friday.
U.S. six-month deficit rises to $744 billion ahead of virus budget storm in April
The United States racked up a $744 billion budget deficit in the first half of fiscal 2020, up 8% from a year earlier, the Treasury said on Friday, ahead of an expected April spending explosion and withering of revenues amid the coronavirus pandemic.
Trump agrees to help Mexico meet global oil cut target
U.S. President Donald Trump said on Friday he would help Mexico contribute to global oil output reductions, in a surprise move that could break an impasse among the world’s major oil producers over cutbacks aimed at stabilizing crude prices.
Fed policymakers working to limit damage as pandemic puts U.S. economy on pause
The U.S. economy was on a strong footing before the coronavirus pandemic and Federal Reserve officials are working to help the economy rebound quickly once businesses that were shuttered because of the virus begin to reopen, two policymakers said Frida…
Boeing hires Lazard, Evercore to assess government aid, private sector loans: source
Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter confirmed on Friday.
