[ad_1] FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo LONDON (Reuters) – Oil fell 5% to
Oil falls 5% to $28 on oversupply concerns
Gold slips as investors lock in profits, recession fears cap losses
[ad_1] (Reuters) – Gold prices fell on Wednesday as investors locked in profits after the metal rallied to a more than seven-year high in the previous session, but fears of a deep global economic recession
India permits resumption of some industries in rural areas from April 20
[ad_1] FILE PHOTO: Labourers spread ash over newly constructed road tarmac to dry it and fill in the gaps, on the outskirts of Ahmedabad, India December 5, 2018. REUTERS/Amit Dave NEW DELHI (Reuters) – India
Oil producers pin hopes for massive cuts on unprecedented stockpile purchases
[ad_1] LONDON (Reuters) – An unprecedented deal by oil producers to curb supply to match demand hollowed out by the coronavirus pandemic is set to depend partly on purchases by consumer countries for their strategic
Global creditors agree debt relief for poor countries hit by pandemic
[ad_1] WASHINGTON/PARIS (Reuters) – Major international creditors will suspend debt payments this year for the world’s poorest countries, who will be hit hardest by the rapidly spreading coronavirus pandemic that has sparked the steepest downturn
UK economy could shrink by the most in 300 years in 2020
[ad_1] LONDON (Reuters) – Britain’s economy could shrink by 13% this year due to the government’s coronavirus shutdown, its deepest recession in three centuries, and public borrowing is set to surge to a post-World War
U.S. import prices post biggest decline in over five years; more to come
[ad_1] WASHINGTON (Reuters) – U.S. import prices dropped by the most in more than five years in March amid declines in the costs of petroleum products and a range of other goods, pointing to import
Wall Street jumps as hopes for easing lockdown offset earnings worry
[ad_1] NEW YORK (Reuters) – U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus outbreak overshadowed worrying earnings reports from JPMorgan and Wells Fargo. White
Oil slumps on worries that supply cuts are playing catch-up to falling demand
[ad_1] NEW YORK (Reuters) – Oil prices dropped sharply on Tuesday, with U.S. prices sliding back toward $20 a barrel, as investors bet that fuel demand destruction caused by the coronavirus pandemic would be too
Amazon ordered to limit French trade to essential goods
[ad_1] PARIS (Reuters) – Amazon (AMZN.O) has been ordered to limit French deliveries to essential goods only within 24 hours to allow for a deeper assessment of coronavirus risks at its sites in the country,