[ad_1] NEW YORK (Reuters) – U.S. oil production fell last week to 11.2 million barrels per day, the lowest since October 2018, the Energy Information Administration said on Wednesday. Meanwhile, distillate stockpiles climbed to the
Will Americans still travel abroad? Only with cast-iron coronavirus cover
[ad_1] (Reuters) – In the new reality of COVID-19, some Americans may still be willing to travel abroad – but they’re going to make sure they’re insured up to the hilt. FILE PHOTO: A passenger
India to let farmers sell produce directly to traders, retailers
[ad_1] A farmer carries saplings to plant in a rice field on the outskirts of Ahmedabad, India, July 5, 2019. REUTERS/Amit Dave/File Photo NEW DELHI (Reuters) – India is to allow farmers to sell produce
Lufthansa expects significantly larger loss in second quarter
[ad_1] FRANKFURT (Reuters) – Lufthansa expects a significantly larger loss in the second quarter of this year, the airline group’s finance chief said on Wednesday. The German carrier posted a first-quarter loss of 2.1 billion
Campbell Soup raises 2020 forecasts after beating estimates as people stockpile
[ad_1] The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid/Files (Reuters) –
Oil tops $40 on OPEC cuts and demand recovery
[ad_1] LONDON (Reuters) – Oil climbed above $40 a barrel for the first time since March on Wednesday, supported by signs of recovery in coronavirus-hit demand, lower U.S. inventories and expectations that OPEC+ will keep
Bank of England tells banks to step up no-deal Brexit plans – Sky
[ad_1] FILE PHOTO: A general view of The Bank of England and the Royal Exchange as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 19, 2020. REUTERS/Hannah McKay LONDON (Reuters) –
Singapore to assess COVID-19 impact on digital bank bidders – sources
[ad_1] SINGAPORE (Reuters) – Bidders for five Singapore digital bank licences on offer will have to factor in how the COVID-19 outbreak has impacted their funding and profitability plans, as the central bank kicks off
Gold falls further as stocks jump to near three-month high
[ad_1] (Reuters) – Gold fell for a second straight session on Wednesday as stocks jumped on hopes for further stimulus and optimism about an economic recovery, dampening demand for the safe-haven metal. An employee takes
As Asia’s tropical storm season arrives, grounded airplanes at risk of damage
[ad_1] SYDNEY/TAIPEI (Reuters) – Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic