U.S. new home sales fall in February, January revised up sharply
Sales of new U.S. single-family homes fell in February after surging in the prior month, and could decline further because of the coronavirus pandemic which is boosting unemployment and severely disrupting economic activity.
France’s Air Liquide aims to boost production of ventilators
The healthcare unit of French industrial gases company Air Liquide said on Tuesday it was ramping up production of ventilators needed by hospitals to deal with the coronavirus outbreak.
Halliburton to ‘significantly’ cut 2020 capex below $1.2 billion budget
Oilfield services firm Halliburton is accelerating its cost-cutting and will significantly reduce spending this year below its original $1.2 billion budget, its finance chief said on Tuesday.
Oil rises over 3% on Fed steps to support economy, hopes of U.S. aid package
Oil rose over 3% on Tuesday after the U.S. Federal Reserve said it would take steps to bolster the economy and on growing hopes the United States will soon reach a deal on a $2 trillion coronavirus economic package.
Citigroup will temporarily close up to 15% of branches
Citigroup Inc will temporarily close up to 15% of its U.S. branches in light of reduced foot traffic amid the coronavirus outbreak, a spokesman told Reuters.
Investors eye cracks in $4.4 trillion U.S. ETF market as sell-off rages
Wild swings in asset prices have thrown a spotlight on liquidity in corners of the $4.4 trillion market for U.S. exchange-traded funds, which have played a key role for investors in Wall Street’s coronavirus-fueled sell-off.
Halliburton will reduce spending below earlier $1.2 billion budget
Oilfield services firm Halliburton is accelerating its cost-cutting and will reduce spending below its original $1.2 billion budget, its finance chief said on Tuesday.
Dollar falls after Fed QE, on fiscal stimulus hopes
The dollar fell broadly on Tuesday after the U.S. Federal Reserve on Monday committed to buy an unlimited amount of bonds and as investors were optimistic the American government would pass a stimulus package to offset the economic impact of the corona…
Coca-Cola to suspend production in India amid coronavirus lockdowns
Coca-Cola’s India unit said on Tuesday it has temporarily suspended production at its manufacturing facilities across the country following widespread lockdowns to halt the spread of coronavirus.
As customers hoard pot brownies, North American weed firms see lockdown boost
Cannabis sales are touching new highs as customers across the United States and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic.
