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Oil prices jumped on Thursday, lifted by signs that the U.S. crude glut is not growing as quickly as expected and of a rise in fuel demand, which has been crushed by the coronavirus.

Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support while also taking steps to defend its cash position to sustain business during the coronavirus crisis, it said on Thursday.

British supermarket group Sainsbury's warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said it would defer any dividend payment decisions until later this year.

Fiat Chrysler said on Thursday its Italian network of approved dealers and mechanic workshops would reopen on May 4, when the country is set to start lifting a national lockdown put in place to limit the spread of the coronavirus.

Most companies are not giving earnings guidance, leaving investors and analysts in the dark, yet the market is still rewarding better-than-expected results.

Shareholder support for Credit Suisse Chairman Urs Rohner dropped to its lowest level ever on Thursday, as Rohner told the Swiss bank's annual meeting that its search for his successor was well under way.

Lufthansa and unions representing much of its staff told the German government that their joint top priorities were to maintain the airline's competitiveness after the coronavirus crisis and preserve as many jobs as possible.

Dan Digre, head of MISCO Speakers, was on edge before the coronavirus outbreak hit the global economy. Payment of hundreds of thousands of dollars in Chinese tariffs had wiped out the profit and dwindled the cash balance of the Minnesota-based loudspeaker maker.

Thyssenkrupp has secured state aid of around 1 billion euros ($1.09 billion) to get through a bottleneck until money from the sale of its elevator division comes in, a source close to the matter said on Thursday.

Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting - one that sees business activity stop and start for months to come, until an effective treatment or vaccine for the novel coronavirus can be found.

American Airlines on Thursday posted its first quarterly loss since emerging from bankruptcy in 2013, and said it expects second-quarter cash burn rate to be about $70 million per day, as the COVID-19 pandemic brought travel to a near standstill.

McDonald's Corp missed Wall Street estimates for quarterly profit on Thursday as most of its restaurants limited their services to delivery, drive-thru and take-away to curb the spread of the coronavirus pandemic.

U.S. oil and gas company ConocoPhillips swung to a first quarter loss on Thursday as it took big hits from impairments and the falling value of its stake in Canadian producer Cenovus Energy.

Thyssenkrupp has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap government funding.

World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus later in the day helped ease the pain of February and March.