[ad_1] LONDON/MILAN/MADRID (Reuters) – Europe’s banks are expected to have to set aside billions for potential loan losses as well as take profit hits because of the coronavirus crisis when they start reporting results over
Brent oil drops to near two-decade lows on falling demand, storage woes
[ad_1] NEW YORK (Reuters) – Oil futures for June plunged to near two-decade lows on Tuesday, as the panic that sent U.S. May futures to below minus $40 per barrel on Monday bled further into
India eases fundraising rules for companies as coronavirus hurts deals
[ad_1] FILE PHOTO: The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai, India March 1, 2017. REUTERS/Shailesh Andrade MUMBAI (Reuters) – India’s market
Weary Algerians fear fresh economic turmoil as oil prices dive
[ad_1] ALGIERS (Reuters) – Algerians are watching the collapse of oil prices with alarm as the energy markets on which the North African nation relies for most of its export revenues have been plunged into
EU closer to post-coronavirus recovery plan, but no swift deal in sight
[ad_1] BRUSSELS (Reuters) – Squabbling EU states are moving closer to agreeing to use the bloc’s next long-term budget for a huge economic stimulus package that would kick in once the coronavirus pandemic ends, diplomats
Oil at two-decade lows, price of U.S. crude for delivery below zero
[ad_1] LONDON (Reuters) – Benchmark Brent and U.S. oil futures for June delivery plunged to around two-decade lows on Tuesday, a day after U.S. May futures sank into negative territory for the first time in
Gold eases on firm dollar, but oil-led dip in equities caps losses
[ad_1] (Reuters) – Gold prices fell on Tuesday due to a stronger dollar, but losses were capped by reduced appetite for risk after U.S. crude oil futures plunged below zero for the first time in
A hunt for any storage space turns urgent as oil glut grows
[ad_1] NEW YORK/HOUSTON (Reuters) – The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been left idle when shale producers
Oil crash hits stocks, dollar gains as investors shun risk
[ad_1] LONDON (Reuters) – Global stocks fell on Tuesday, a day after U.S. crude oil prices turned negative for the first time, as dismal company earnings reports underlined worries about economic damage from the coronavirus
EU may need $1.7 trillion post-coronavirus package: French EU commissioner
[ad_1] FILE PHOTO: European Commissioner Thierry Breton speaks during the presentation of the European Commission’s data/digital strategy in Brussels, Belgium February 19, 2020. REUTERS/Yves Herman/File Photo PARIS (Reuters) – An economic support package being readied