TOKYO/LONDON (Reuters) – Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford U.S.
(Reuters) – The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as top officials scrambled through the day to broaden efforts to blunt the economic fallout from the health crisis. The Fed in the morning announced it would reopen the so-called Commercial Paper
LONDON (Reuters) – World share markets and oil prices struggled on Tuesday after coronavirus panic caused Wall Street’s worst one-day rout since the Black Monday crash of 1987. In Europe, early 1.5.% to 3% gains in London, Frankfurt and Paris were quickly wiped out as airline and travel stocks .SXTP suffered a 6.5% drubbing. The
(Reuters) – Several automakers on Monday said U.S. buyers of new vehicles will have the option to defer their payments and customers with existing car loans could ask for payment rescheduling if impacted by shutdowns due to the spread of coronavirus. FILE PHOTO: Automobiles are shown for sale at a car dealership in Carlsbad, California,
SYDNEY/CHICAGO (Reuters) – Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border restrictions due to the fast spreading coronavirus. FILE PHOTO: Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne, Australia, November 6, 2018.
NEW YORK/LOS ANGELES (Reuters) – With supermarkets stripped of food and many other essentials, consumer product companies halted factory runs of niche items such as scented bleach in order to speed up production of more basic merchandise that is in high demand. Pallets of toilet paper fill the sidewalk in front of grocer Fairway in
DUBAI (Reuters) – Saudi Aramco 2222.SE on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, as it posted a 21% decline in 2019 net profit due to a drop in oil prices and production, its first earnings announcement as a listed company. FILE PHOTO: A view shows branded
(Reuters) – With one of Wall Street’s wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell of the trading session in New York, U.S., March
Ambassador Debbie Birx, the White House Coronavirus Response Coordinator, displays the new testing protocols being deployed for coronavirus after U.S. President Donald Trump declared the coronavirus pandemic a national emergency during a news conference in the Rose Garden of the White House in Washington, U.S., March 13, 2020. REUTERS/Jonathan Ernst (Reuters) – Shares of Google
SINGAPORE/WASHINGTON (Reuters) – Canadian Prime Minister Justin Trudeau’s wife, Australia’s minister for home affairs and a Chelsea soccer player are among new cases of the coronavirus that has infected almost 135,000 people and killed more than 4,900 worldwide. FILE PHOTO: Sophie Gregoire Trudeau, the wife of Liberal leader and Canadian Prime Minister Justin Trudeau, campaigns
PARIS/LOS ANGELES (Reuters) – Airlines bore the brunt of a dramatic expansion of the coronavirus crisis on Thursday, as U.S. travel curbs on much of continental Europe deepened the sector’s misery and piled more pressure on governments to offer emergency support. The 30-day restrictions will badly disrupt transatlantic traffic key to the earnings of major
FILE PHOTO: Workers repair a sign at a Cineworld cinema in Bradford northern England, March 24, 2016. REUTERS/Phil Noble/File Photo LONDON (Reuters) – British cinema operator Cineworld (CINE.L) said on Thursday it could breach the terms of its existing debt arrangements under a worst case scenario for the impact of the coronavirus over the next
NEW YORK (Reuters) – Wall Street stocks plunged on Wednesday, with the Dow .DJI confirming a bear market for the first time since the financial crisis after the World Health Organization called the coronavirus outbreak a pandemic. All three major U.S. stock averages ended the session sharply lower, with the benchmark S&P 500 .SPX and
An Uber pick-up location is pictured in San Diego, California, California, September 30. 2019. REUTERS/Mike Blake (Reuters) – Uber Technologies Inc (UBER.N) notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or have been exposed to it, the ride-hailing company said on Wednesday. The
News of the coronavirus outbreak is broadcast as traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020. REUTERS/Andrew Kelly (Reuters) – Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain hunting and hopes
SINGAPORE (Reuters) – Oil prices jumped by 5% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although early gains were pared on demand concerns over the global spread of the coronavirus. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13,