[ad_1] NEW YORK (Reuters) – Crude prices rose on Friday as energy producers continued to cut the number of rigs drilling for oil in the United States and Canada. FILE PHOTO: Crude oil storage tanks
U.S. FDA warns against malaria drugs Trump championed for COVID-19
[ad_1] (Reuters) – The U.S. Food and Drug Administration on Friday cautioned against the use of malaria drug hydroxychloroquine, touted by President Donald Trump, in COVID-19 patients outside of hospitals and clinical trials, citing risks
U.S. core capital goods orders eke out surprise gain
[ad_1] WASHINGTON (Reuters) – New orders for key U.S.-made capital goods unexpectedly rose in March, but the gains are unlikely to be sustainable amid the novel coronavirus outbreak, which has virtually shut down the country
AT&T announces John Stankey will become CEO on July 1
[ad_1] (Reuters) – Veteran John Stankey will take over as AT&T chief executive officer, the company announced on Friday, as the U.S. telecommunications and media giant grapples with the impact of the coronavirus outbreak and
EU’s amorphous recovery fund bails out Italian PM, for now
[ad_1] ROME (Reuters) – Prime Minister Giuseppe Conte, struggling to map a way out of Italy’s coronavirus crisis and facing political fire from all sides, has won much-needed breathing space from the European Union. FILE
French court upholds ruling limiting Amazon deliveries during COVID-19 crisis
[ad_1] An employee prepares an order for Amazon at Porona warehouse in Bruay-sur-l’Escaut near Valenciennes, France, April 22, 2020. REUTERS/Pascal Rossignol PARIS (Reuters) – A French court on Friday rejected U.S. online retailer Amazon’s appeal
Oil heads for steep weekly slide after coronavirus turmoil
[ad_1] LONDON (Reuters) – Oil prices rose on Friday but headed for their third weekly loss as production shutdowns failed to keep pace with sliding demand due to the coronavirus crisis. A pumpjack of Austrian
Facebook’s big India deal portends a bruising time for SoftBank-backed Paytm
[ad_1] NEW DELHI/MUMBAI (Reuters) – Facebook’s (FB.O) $5.7 billion investment in Reliance (RELI.NS) promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India’s digital payments market but which has been losing
Big Oil investors to look past earnings pain and focus on dividends
[ad_1] LONDON/HOUSTON (Reuters) – Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to save cash and whether they will cut dividends following
India’s funds body urges investor calm after Templeton shuts funds
[ad_1] FILE PHOTO: A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave/File Photo MUMBAI (Reuters) – The Association of Mutual Funds in India