U.S. treasury secretary to seek additional $250 billion for small business
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that he would seek an additional $250 billion to support small businesses hurt by the widespread economic slowdown.
Exxon could delay third Guyana project as government review drags on
Exxon Mobil Corp said on Tuesday that production at the Payara project, its third development in Guyana, could be postponed due to delays in government approvals as the company scales back spending elsewhere due to the crude price crash.
Oil dips on doubts over output cuts, crude glut woes
Oil edged lower on Tuesday on uncertainty over whether the world’s biggest producers would agree to cut output in the face of a swelling crude oil glut as fuel demand has been hammered during the coronavirus pandemic.
TJX to furlough most of about 286,000 staff as stores stay shut amid pandemic
Off-price retailer TJX Companies Inc said on Tuesday it would furlough most of the employees at its stores and distribution centers, as outlets remain closed to curb the spread of the coronavirus.
Layoffs, closures to wipe out 6.7% of working hours worldwide in second quarter: ILO
Workplace disruptions caused by the COVID-19 pandemic are expected to wipe out labor equivalent to the effort of 195 million full-time workers, or 6.7% of hours clocked worldwide, in the second quarter of this year, the International Labour Organizatio…
Colombian businesses call for more aid after quarantine extension
Colombian businesses on Tuesday called on the government to expand measures to help companies weather coronavirus, after President Ivan Duque extended a nationwide lockdown by two weeks.
Facebook launches new chat app for couples
Facebook Inc on Tuesday launched a new messaging app for couples called “Tuned” that allows them to chat, share photos and music as well as have a timeline of shared memories.
OPEC+ needs to agree output numbers before meeting: Iran oil minister
There needs to be an agreement on oil production numbers before any future meeting between OPEC and non-OPEC members, Iran’s Oil Minister Bijan Zanganeh tweeted on Tuesday.
U.S. pushes back on call by OPEC+ to join big oil output cuts
Saudi Arabia, Russia and allied oil producers will agree to deep cuts to their crude output at talks this week only if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis.
Oil little changed as hopes for output cuts offset by crude glut
Oil was little changed on Tuesday as hopes that the world’s biggest producers would agree to cut output were tempered by a worsening crude oil glut and the threat of a deeper-than-expected global recession.
