Wall Street rebounds sharply after Fed’s emergency rate cut
U.S. stocks indexes surged on Tuesday after the Federal Reserve cut interest rates by a half percentage point in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.
Hudson’s Bay Chairman Richard Baker to take over as CEO: source
Hudson’s Bay Co Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday, after his bid to take the owner of Saks Fifth Avenue private was approved by shareholders.
OPEC gathers in Vienna to discuss further cuts in oil output
OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the coronavirus hits demand for crude worldwide.
World stocks lead rally as G7 pledges virus support
A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the coronavirus outbreak.
Exxon Mobil calls for tighter methane regulations
Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.
Wall Street set for lower open as G7 statement underwhelms
The Dow Jones Industrials index looked set to drop more than 100 points at the open on Tuesday after G7 heads stopped short of outlining measures to cushion the economic blow of the coronavirus epidemic, while assuring policy support.
Chevron shows off war chest by pledging up to $80 billion in returns
Chevron Corp on Tuesday said it would keep its spending in check and return up to $80 billion to shareholders over the next five years, with Chief Executive Mike Wirth making the case that his company is the oil major best able to produce oil and gene…
Exclusive: ECB working on lending scheme for coronavirus-hit companies: sources
The European Central Bank is preparing possible measures to provide liquidity to businesses hit by the economic fallout of the coronavirus outbreak, three sources familiar with the discussion told Reuters.
OPEC gathers in Vienna to discuss further cuts in oil output
OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the coronavirus hits demand for crude worldwide.
Explainer: Why automakers are on a drive to sell electric cars in Europe
Carmakers are under pressure in Europe to sell more electric cars or face huge fines for breaching new emissions rules aimed at tackling global warming.
