[ad_1] NEW YORK (Reuters) – U.S. crude oil futures turned negative on Monday for the first time in history, ending the day at a stunning minus $37.63 a barrel as traders sold heavily because of
UK firms furlough over a million workers due to coronavirus
[ad_1] LONDON (Reuters) – British employers have put more than a million staff on temporary leave due to the coronavirus, finance minister Rishi Sunak said, reporting a flood of applications since the government’s costliest programme
EU sees wine consumption, exports dry up as consumers stay home
[ad_1] FILE PHOTO: A man wearing a face mask works in the vineyards to prepare the 2020 harvest of Barolo wine as the spread of the coronavirus disease (COVID-19) continues, in the Langhe-Roero area, Cuneo,
Argentina creditors refuse to tango on debt restructuring proposal
[ad_1] LONDON (Reuters) – A group of major asset managers who are creditors to Argentina have rejected the government’s proposal aimed at overhauling $66.2 billion of its foreign-law debt, saying it inflicted an unjust amount
Wall Street retreats as crude slump batters energy stocks
[ad_1] (Reuters) – A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline
Oil falls on concerns over storage, weakening economies
[ad_1] LONDON (Reuters) – Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1998, as concerns that U.S. crude storage will soon be full and bleak economic data
Renewables agency charts path to zero-carbon energy system by 2050
[ad_1] (Reuters) – Governments could chart a path to a fully decarbonised energy system by the middle of the century and revive economies hit by the coronavirus if they tailor stimulus packages to boost clean
Bank of Spain predicts economy to shrink up to 12.4% in 2020
[ad_1] MADRID (Reuters) – Spain’s tourism-dependent economy could shrink as much as 12.4% this year if its coronavirus lockdown lasts 12 weeks, before staging a vigorous recovery of at least 5.5% in 2021, the Bank
Oil falls on concern over storage and earnings
[ad_1] LONDON (Reuters) – Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1999, depressed by concern that U.S. crude storage will soon be full while companies prepare
Gold drops to lowest in more than a week as dollar gains
[ad_1] (Reuters) – Gold touched its lowest in more than a week on Monday, as the dollar strengthened ahead of a raft of corporate earnings and macro data that will highlight the economic damage from