[ad_1] SYDNEY/BENGALURU (Reuters) – Private equity company Blackstone Group Inc bought a near 10% stake in Australian casino operator Crown Resorts Ltd from Macau’s Melco Resorts & Entertainment Ltd, sending Crown shares soaring amid hopes
Coronavirus brews trouble for tea, disrupts supply as demand spikes
[ad_1] MUMBAI/MOSCOW (Reuters) – The coronavirus outbreak is causing a rare stir in the usually staid global tea market, with labour lockdowns stifling supplies just as millions in lockdown drive up demand for the beverage
Asia shares cautious ahead of Fed, corporate earnings
[ad_1] SYDNEY/NEW YORK (Reuters) – Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve’s policy decision while oil prices jumped on hopes demand will pick up as many
Oil prices climb as storage fills less rapidly than feared
[ad_1] MELBOURNE (Reuters) – Oil prices climbed on Wednesday, trimming some of this week’s steep losses after U.S. stockpiles rose less than expected and hopes grew for demand to pick up as some European countries
Asia stocks inch higher after mixed U.S. corporate earnings
[ad_1] (Reuters) – Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus
Ford expects $5 billion loss in current quarter as coronavirus hits demand
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due to the impact of the
Brent settles higher on hopes of easing lockdowns, U.S. crude falls amid storage shortage
[ad_1] NEW YORK (Reuters) – U.S. crude prices settled about 3% lower on Tuesday after data showing domestic stockpiles didn’t rise as high as had been expected given tightening storage, despite pledges to cut production
Ford expects $5 billion loss in current quarter due to coronavirus impact
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) said on Tuesday its second-quarter loss will more than double to $5 billion from $2 billion in the first quarter due to the impact of the coronavirus
Ford posts $2 billion first-quarter loss due to coronavirus
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) on Tuesday posted a $2 billion first-quarter loss due to the impact of the coronavirus pandemic and said it expected its loss in the second quarter to
Oil majors, governments haggle over sharing pain of deepest cuts yet
[ad_1] LONDON/MOSCOW (Reuters) – From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep production cuts that add to their pain from low oil