[ad_1] NEW YORK (Reuters) – A jump in the price of oil and the promise of more government stimulus to ease the economic pain inflicted by the coronavirus pandemic helped global equity markets surge on
Whether OPEC+ formally agrees, deeper oil cuts now look inevitable
[ad_1] LONDON (Reuters) – Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more.
300 billion pounds of new UK bonds on the way: primary dealers
[ad_1] LONDON (Reuters) – A record-breaking 300 billion-pound deluge of government bonds is on the way from Britain’s debt agency as finance minister Rishi Sunak seeks to fund a surge in public spending in the
Oil executive and Trump ally Hamm seeks U.S. probe of oil price crash
[ad_1] WASHINGTON (Reuters) – The founder of Continental Resources Inc (CLR.N), an ally of U.S. President Donald Trump, is pressing the U.S. commodity markets regulator and the exchange to probe whether market manipulation or system
Facebook bets on India with $5.7 billion Reliance deal
[ad_1] NEW DELHI/BENGALURU (Reuters) – Facebook (FB.O) is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries’ (RELI.NS) digital arm, as it looks to roll out services for India’s grocers and
Delta warns of choppy coronavirus recovery, working to halve cash burn
[ad_1] (Reuters) – Delta Air Lines Inc (DAL.N) said on Wednesday it does not expect air travel to recover for two or three years and is working to halve its cash burn after posting its
Brent crude rebounds from 1999 lows, U.S. oil up more than 25% in wild trade
[ad_1] NEW YORK (Reuters) – Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative discussions of additional supply cuts from OPEC producers and U.S. inventory builds
Air France-KLM nears bailout with improved guarantees – sources
[ad_1] PARIS/FRANKFURT (Reuters) – Air France-KLM (AIRF.PA) is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources said, after France agreed to higher guarantees on loans designed to tide the airline group
Global garment industry calls for support for manufacturers
[ad_1] FILE PHOTO: Garments workers take shelter under a banner as it starts to rain, as they block a road demanding their due wages during the lockdown amid concerns over the coronavirus disease (COVID-19) outbreak
EU ‘misunderstandings’ push back deal on coronavirus economic recovery
[ad_1] BRUSSELS (Reuters) – It may take European Union countries until the summer or even longer to agree on how exactly to finance aid to help economies recover from the coronavirus pandemic as major disagreements