U.S crude oil prices edged higher on Friday, extending gains after a 24% jump the previous day, buoyed by hints from U.S. President Donald Trump he may intervene in the price war between Saudi Arabia and Russia at an "appropriate time."
Asian shares staged a rare rally on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though the panicked rush into U.S. dollars suggested the crisis was far from done.
Bentley will stop car production at its British factory from the end of Friday for four weeks over the coronavirus outbreak, one of the final automakers in Britain to announce such plans.
From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world's biggest central banks may be in the offing.
Amazon.com Inc said on Thursday it has halted its Prime Pantry delivery service in the United States to restock groceries, following a surge in online orders by shoppers worried about the coronavirus pandemic.
History will measure your presidency by how many deaths were prevented, not on what the Dow Jones average was in March of 2020, writes former Sen. Heidi Heitkamp.
Brazil's tourist hotspot Rio de Janeiro reported its first two coronavirus deaths on Thursday, bringing the country's toll to six, as Latin America's largest nation closed more borders to visitors and the foreign minister waded into a diplomatic spat with China.
By Sarah Young, Costas Pitas, Giulio Piovaccari and Elvira Pollina
U.S. crude oil prices spiked by 25% on Thursday, the largest single-day gain on record, recouping some losses from three days of selling that drove the benchmark to near 20-year lows.
The crisis for airlines deepened on Thursday as Lufthansa , which has grounded most of its fleet, warned the industry may not survive coronavirus pandemic without government aid to offset nosediving demand.
Siemens managing board member Michael Sen will no longer take charge of the new energy business which the German engineering group wants to spin off later this year, it said on Thursday, after he agreed to leave the company.
The Bank of England promised 200 billion pounds of bond purchases and cut its key interest rate to 0.1% in a second emergency move in just over a week to try to mitigate the hit to Britain's economy from the coronavirus outbreak.
Tesla Inc has told employees it reduced the number of workers at its California vehicle factory to curb the spread of coronavirus as Chief Executive Elon Musk said the company may start producing ventilators to ease a U.S. shortage.
Microsoft Corp's Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home during the coronavirus outbreak, the company said on Thursday.
U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.