[ad_1] FILE PHOTO: An oil tanker is being loaded at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah MELBOURNE (Reuters) – U.S. crude oil futures climbed
Historic Fed boost fails to stop Wall Street’s virus-driven sell-off
[ad_1] (Reuters) – Wall Street’s slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, overshadowing unprecedented moves by the U.S. Federal Reserve to shore up credit across the economy.
G20 says developing action plan to deal with global pandemic
[ad_1] WASHINGTON/RIYADH (Reuters) – Finance ministers and central bankers from the world’s 20 largest economies agreed on Monday to develop an “action plan” to respond to a coronavirus pandemic that the IMF now expects to
Uber appoints former Mattel CEO Robert Eckert to board
[ad_1] A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid (Reuters) –
GM accelerates ‘Project V’ to build ventilators in Indiana
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) and medical equipment maker Ventec are speeding up efforts under a partnership code-named “Project V” to build ventilators at a GM plant in Kokomo, Indiana, to help
G20 says working on action plan to deal with global pandemic
[ad_1] WASHINGTON/RIYADH (Reuters) – Finance ministers and central bankers from the world’s 20 largest economies agreed on Monday to develop an “action plan” to respond to a coronavirus pandemic that the IMF now expects to
India’s sugar exports seen a fifth lower than earlier estimate – trade body
[ad_1] NEW DELHI (Reuters) – India is likely to export 4.5 million tonnes of sugar in 2019/20, down almost a fifth from an earlier estimate, as a drop in global prices due to the coronavirus
Market panic lingers despite unprecedented Fed support
[ad_1] NEW YORK (Reuters) – Unprecedented support from the U.S. Federal Reserve failed to lift global stock markets on Monday as investors continued to fret over the economic and human toll of the coronavirus pandemic.
A ‘bailout’ for Main Street? Fed says it is on the way
[ad_1] WASHINGTON (Reuters) – U.S. Federal Reserve and Trump administration officials over the last week have greased corporate and bank financial markets, freed up half a trillion dollars for central banks in other countries, and
GE’s aviation unit to cut 10% of U.S. workforce – CEO
[ad_1] (Reuters) – General Electric Co’s (GE.N) aviation unit will cut its U.S. workforce by about 10%, Chief Executive Officer Larry Culp said in a letter to staff on Monday, as a shattered airline industry