U.S. President Donald Trump on Thursday said he would get involved in the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for U.S. consumers even as they were hurting the industry.
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U.S. oil prices rose 20% on Thursday, recouping some losses from a sell-off that drove prices to near 20-year lows, but analysts saw the rebound as a brief reprieve, anticipating more weakness as the coronavirus outbreak takes its toll on global demand.
The minister leading the Dutch government's fight against the coronavirus resigned on Thursday, a day after collapsing from exhaustion during a parliamentary debate on the epidemic.
President Donald Trump on Thursday opened the door to a radical shift in the U.S. government's relationship to private industry as the coronavirus outbreak upends the nation's economy, saying he would back the government taking stakes in certain companies.
During the coronavirus market turmoil, the S&P 500 has cratered 25%, while Walmart's stock is in the green, gaining 2%.
Middle East and African airlines are in crisis with hundreds of thousands of jobs at risk from the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday, calling for state intervention.
A recent surge in demand for safe-haven investments sent the yield on the benchmark 10-year Treasury note to an all-time low. Student loan borrowers will benefit in the year ahead.
Germany expects a record 2.15 million people to this year make use of a scheme that allows employees to work shorter hours but keep their jobs, as the impact of the coronavirus causes havoc in the labor market, a ministry document seen by Reuters showed on Thursday.
Colombia will block entry to everyone traveling from abroad from midnight on Monday in an effort to control the spread of coronavirus, President Ivan Duque said on Thursday.
Several employees at Goldman Sachs Group Inc's New York headquarters are believed to have contracted the novel coronavirus, according to two sources, making it the latest Wall Street bank whose staff have been affected by the pandemic.
The U.S. Department of Energy said on Thursday it will buy up to 30 million barrels of crude oil for the Strategic Petroleum Reserve by the end of June as a first step in fulfilling President Donald Trump's directive to fill the emergency stockpile to help domestic crude producers.
The Bank of England cut interest rates to 0.1% on Thursday, its second emergency rate cut in just over a week, and ramped up its bond-buying program in a fresh attempt to shield Britain's economy from the coronavirus outbreak.
Ford Motor Co on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic.
Shares of Uber Technologies Inc rose as much as 35% after CNBC reported that the company has plenty of cash on hand to get through the coronavirus crisis and is seeing growth in areas of businesses other than ride-hailing.