Brent crude oil rose 8.4% on Wednesday, as prospects for extra pledges from major producers to cut output prompted a sharp turn up off a session low that took the global benchmark below $16 a barrel to its lowest since 1999.
French luxury goods group Kering said on Tuesday comparable sales fell by 16.4% in the first quarter, with its Gucci brand hit harder than its other labels due to its strong exposure to China at the start of the coronavirus outbreak.
The U.S. Senate on Tuesday unanimously approved $484 billion in fresh relief for the U.S. economy and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage later this week.
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, legal experts said.
An Indian court on Tuesday quashed efforts by the federal government to impose a ban on auditors Deloitte Haskins & Sells LLP and a KPMG affiliate for their alleged abetment of a financial fraud at a domestic firm.
"Know what you own" is an old adage when investing, but it is especially important when owning investments that hold futures contracts.
Qatar Airways on Tuesday said mid-level employees and above will have their salaries halved for at least three months but that staff would be back paid when the airline could afford it.
The top Republican in the U.S. House of Representatives said on Tuesday that a deal had been reached to replenish funding for an emergency program that extends loans to small businesses hit by a drop in demand due to the coronavirus pandemic.
Netflix Inc more than doubled its own projections for new customers as quarantined audiences binged on series such as "Tiger King," but the company predicted a weaker second half of the year if stay-at-home orders to fight the coronavirus are lifted.
U.S. President Donald Trump on Tuesday welcomed the agreement reached between Republican and Democratic lawmakers to provide more coronavirus relief funding for small businesses and others.
Data firm IHS Markit sharply lowered its 2020 forecast for global light vehicle sales on Tuesday and warned that the United States will take the biggest hit from the coronavirus pandemic.
Blockchain firm Ripple sued Alphabet Inc's YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency "giveaway" scams that use fake social media profiles to dupe victims into sending money.
U.S. congressional leaders and the White House agreed on Tuesday on nearly $500 billion more in coronavirus relief for the U.S. economy, bringing to nearly $3 trillion the amount allocated to deal with the crisis.
White House economic adviser Kevin Hassett said on Tuesday the current dip in oil prices is due to a "very short-run thing" and markets will find a new normal.
A U.S. labor and activist coalition said employees of Amazon.com Inc would take off work starting Tuesday to draw attention to what it says are unsafe conditions at warehouses during the coronavirus pandemic.