Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand.
Britain’s BT on Monday committed to no job losses related to the coronavirus crisis for the foreseeable future.
(Bloomberg) — When Samsung Electronics Co. brass addressed analysts during its last earnings call, much of the talk revolved around finally turning the corner after years in the doldrums. That was in January, before Covid-19 threw the global economy into a tailspin.Now, executives are struggling to assess the damage. In the short term, Samsung’s most profitable business is riding a surge in online activity from the millions confined to home, driving demand for the memory chips that help power datacenters and cloud services. But should the pandemic persist into the second half — a worst-case scenario — the tech giant …read more […]
Russia’s major oil companies, Rosneft, Lukoil and Gazprom, are set to resume Urals crude supplies to Belarus refineries in April after a three month suspension after Moscow and Minsk agreed supply terms, four industry sources familiar with supply plans told Reuters on Monday. Russia’s oil supplies to Belarus are set at roughly 0.6 million tonnes for April so far, according to the sources. Companies may decide to send more oil to Belarus in April if they find the supplies profitable, they added. …read more […]
HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank’s decision to scrap dividend payments.
As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus without state help.
As many Americans are feeling financial strain amid the pandemic, you might feel inclined to help anyone out who you know is struggling. Here are five of the easiest ways to send money amid coronavirus. …read more […]
Not even a pandemic will dissuade scammers from their dishonest ways. In fact, many see the coronavirus outbreak as an opportunity to take advantage of people’s fears. Don’t fall for these common scams in the wake of COVID-19. …read more […]
BMW said on Monday that group sales dropped by 20.6% to 477,111 vehicles in the first quarter as the outbreak of coronavirus took its toll and many retail outlets temporarily closed.
Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.
Troubled hospital group NMC Health said on Monday it is in talks with Abu Dhabi Commercial Bank , seeking to convince it to withdraw an application that the lender had filed proposing that NMC be placed under administration.
British aero-engine maker Rolls-Royce said it was scrapping its targets and its final dividend, taking steps to shore up its finances as airlines around the world ground planes due to the coronavirus pandemic.
Norwegian Air’s passenger volume fell by 60% year-on-year in March as the company gradually grounded its fleet amid global efforts to halt the spread of the novel coronavirus.
Oil prices slipped on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand.
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