Saudi Arabia gets physical with Russia in underground oil bout
Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.
Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.
The five-member Federal Communications Commission has unanimously voted to approve an order to allow Ligado Networks[MOSAV.UL] to deploy a low-power nationwide 5G network despite objections from the U.S. Defense Department, other federal agencies and major U.S. airlines.
The U.S. Supreme Court on Monday threw out a lower court ruling that had allowed litigation by Montana landowners to proceed against BP Plc unit Atlantic Richfield Co seeking a more extensive cleanup of a hazardous waste site than the federal government had ordered.
A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak.
HSBC has reshuffled the leadership of its investment banking division, according to a memo seen by Reuters on Monday, as Chief Executive Noel Quinn presses ahead with changes at the top despite having last month paused a wider job cut programme.
United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, after the coronavirus pandemic smothered its growth aspirations in Latin America and led the company to seek another $4.5 billion in government aid.
Las Vegas Sands CEO Sheldon Adelson has repeatedly praised dividends, but the coronavirus has caused his company to suspend them.
Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
For investors skittish about the stock market hoping to earn better than bond-like returns, convertible bonds are an option. They are not risk-free, so investors should proceed with caution.
A new study finds most Americans ages 16 to 35 are eager to get back to restaurants once coronavirus lockdowns are lifted but are wary of large gatherings and longer trips. Online shopping, however, is booming and that looks set to continue.
Amazon will keep its six warehouses in France closed until at least April 22 after a stand-off with unions over sanitary conditions amid the coronavirus outbreak, it said on Sunday.
The U.S. stock market has rebounded swiftly despite a raft of terrible economic news, driven by a massive boost from the Federal Reserve, hopes of a successful reopening of the economy and possible coronavirus treatments, as well as investors' fear-of-missing-out. But not everyone is buying the bounce.
Wynn Resorts Chief Executive Officer Matt Maddox on Sunday called on the Nevada governor to begin to reopen the Las Vegas Strip in mid- to late May with extensive safety measures in place, assuming the state is in line with certain benchmarks around the spread of the coronavirus.
Facebook Inc is planning to launch a gaming mobile app on Monday focused mainly on live game streaming in a bid to take on Amazon.com Inc's Twitch, Google's YouTube and Microsoft Corp's Mixer services, the New York Times reported on Sunday.
Crude oil futures fell on Sunday evening in CME Group trading, continuing last week's weakness on the back of sliding demand due to the COVID-19 disease that has killed more than 159,000 worldwide.