April falls! Virus woes strike again
World markets fell on Wednesday as the coronavirus threat ensured an ugly start to April and the second quarter for equities and commodities.
Explainer: Euro zone mulls package to support economy against coronavirus
With the euro zone economy in need of help during the coronavirus epidemic, officials have until April 9 to design a package that satisfies members with completely opposing views: those calling for joint debt issuance and those fiercely against it.
Argentina to continue talks with creditors after missing deadline: economy minister
Argentina will continue talks this week and next with creditors over restructuring its $83 billion in foreign debt, Economy Minister Martin Guzman said on Tuesday, after the South American country missed the March 31 deadline it had set previously.
U.S. small businesses wait impatiently for government aid that could be slow to come
As soon as New York officials began detailing their response to the coronavirus, Matt Preis knew his staff might be in trouble.
Worker crunch hits world’s top medical glove maker as demand spikes
The world’s biggest maker of medical gloves is grappling with a serious shortage of workers as it tries to meet a huge surge in demand as countries such as the United States run out of personal protective gear due to the coronavirus outbreak.
Oilfield spending to fall 21% as producers slash outlays: report
Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report to be released on Wednesday by consultancy Spears & Associates, as oil and gas producers slash spending.
Futures tumble as coronavirus crisis intensifies
U.S. stock index futures sank on Wednesday following stark predictions of a rising U.S. death toll and economic damage from the coronavirus outbreak, a day after the S&P 500 ended its worst quarter since the 2008 financial crisis.
Factory activity plunges as coronavirus shock deepens
Factories fell quiet across much of the world in March as the coronavirus pandemic paralyzed economic activity, with evidence mounting that the world is sliding into deep recession.
Oil majors slash 2020 spending by 20% after prices slump
The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia.
Chinese buyers snap up U.S. oil purchases at widest discounts ever
China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.
