[ad_1] SYDNEY (Reuters) – Australia’s unemployment rate ticked up only modestly in March though economists warned the worst was yet to strike as the monthly data was collected before widespread restrictions and shutdowns kicked in
Malaysia to delay nationwide rollout of B20 biodiesel mandate due to coronavirus curbs
[ad_1] KUALA LUMPUR (Reuters) – Malaysia aims to delay the nationwide implementation of plans to increase the use of palm oil in biodiesel, according to the Malaysian Biodiesel Association, as the country imposes restrictions on
United cuts May flights by 90%, tells employees to brace for job cuts
[ad_1] (Reuters) – United Airlines Holdings Inc said on Wednesday that it has cut its flight schedule by 90% in May and expects similar cuts for June as a result of the coronavirus pandemic, and
Japanese firms say government’s $1 trillion coronavirus stimulus too little, too late: Reuters poll
[ad_1] TOKYO (Reuters) – Most Japanese corporations were disappointed by the government’s $1 trillion stimulus plan to mitigate the economic fallout from the coronavirus outbreak, saying it is insufficient, and many complained it was too
Cellphone tracking reveals coronavirus hit to U.S. economy
[ad_1] WASHINGTON (Reuters) – The millions of bits of cellphone data tracked by analytics firm Unacast show the economic impact of the coronavirus spreading across the United States like a deep freeze – long-distance travel
Berkshire Hathaway to take Occidental shares instead of cash dividends
[ad_1] HOUSTON (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) agreed to take Occidental Petroleum Corp (OXY.N) common shares in lieu of a first-quarter cash dividend, helping relieve the strain on the oil giant’s balance
Saudi Aramco says has not extended oil payment offers to refiners
[ad_1] LONDON (Reuters) – Saudi Aramco (2222.SE) said on Wednesday it has not made any offers of extended payment terms to crude oil sales to refiners, contrary to an earlier report by Reuters. “Contrary to
Wall Street slides on gloomy economic data, bank earnings
[ad_1] (Reuters) – The S&P 500 recoiled from a four-week high on Wednesday, as dire forecasts for the worst economic downturn since the Great Depression were strengthened by a crash in business activity and dismal
Coronavirus unmasks Amazon’s stumbles at Whole Foods
[ad_1] (Reuters) – Amazon’s moves to reduce strain on its grocery businesses by putting new online shoppers on wait lists and switching more Whole Foods resources to filling orders, is unmasking limitations at the company
Goldman’s corporate loans, balance sheet investments eat away at profits
[ad_1] (Reuters) – Goldman Sachs Group Inc’s (GS.N) quarterly profit nearly halved, as it set aside more money to cover for corporate loans expected to go bust in the coming months and booked heavy losses