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Updated: 3 years 47 weeks ago
Exxon Mobil starts building $10 billion China petrochemical complex: Xinhua
Exxon Mobil Corp kicked off construction on Wednesday of its $10 billion petrochemical complex in south Chinese city Huizhou, state news agency Xinhua reported.
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EU antitrust regulators resume probe into Boeing, Embraer deal
EU antitrust regulators have resumed their investigation into Boeing's bid to buy the jetmaking arm of Embraer , with a decision due by Aug. 7, a European Commission filing showed on Wednesday.
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Brent slumps to 1999 lows, stocks clamber higher
Stormy oil markets sent Brent prices crashing to their lowest since 1999 on Wednesday, though a stabilisation of some petrocurrencies and a bounce in European stocks gave investors something buoyant to cling to.
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Equinor head of exploration Dodson to step down
Equinor's head of exploration, Tim Dodson, will step down at the end of May in a planned leadership change, the Norwegian oil and gas company said on Wednesday.
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Ted Baker names easyJet executive John Barton as chairman
Troubled fashion retailer Ted Baker on Wednesday named easyJet Chairman John Barton as its non-executive chairman, less than a month after appointing Rachel Osborne to the permanent role of chief executive officer.
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Oil prices hit 1990s low as coronavirus outbreak sinks demand
Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak.
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Asia stocks on defensive as oil pain spreads
Asian share markets were on the defensive on Wednesday as the floor fell out from under crude prices, sparking worries about further turmoil in the energy sector, already reeling from the heavy blow from global shutdowns.
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Exclusive: Facebook agreed to censor posts after Vietnam slowed traffic - sources
Facebook's local servers in Vietnam were taken offline early this year, slowing local traffic to a crawl until it agreed to significantly increase the censorship of "anti-state" posts for local users, two sources at the company told Reuters on Tuesday.
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Apollo, Oaktree, BGH among those circling Virgin Australia: sources
Private equity and distressed situation specialists Apollo Global Management, Oaktree Capital Management and BGH Capital are among those that have expressed interest in restructuring Virgin Australia Holdings Ltd , five sources said.
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Oil prices tumble on demand collapse, Brent at 1999 lows
Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak.
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Facebook invests $5.7 billion in Reliance unit to reach small Indian grocers
Facebook will spend $5.7 billion for 10% of Reliance Industries's digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India.
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Global CEOs see U-shaped recession due to coronavirus: survey
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't survive the pandemic, a survey of thousands of chief executives showed on Wednesday.
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Netflix doubles expected signups but warns coronavirus boost may fade
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.
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Facebook to buy 10% stake in telco unit of India's Reliance Industries for $5.7 billion
Facebook will buy a 10% stake in the digital business of India's Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services.
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Virgin Australia administrator to hold first creditors' meeting on April 30
Virgin Australia Holdings Ltd's administrators said they will hold a first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on restructuring the airline.
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Asia stocks fall after U.S. crude collapses for second day
Asian share markets slipped to two-week lows on Wednesday as the floor fell out from under crude prices, exposing the deep economic damage wrought by the global coronavirus health crisis.
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$500 billion coronavirus aid package passes U.S. Senate, headed to House
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.
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United Airlines sells $1 billion of stock in fresh move to weather pandemic
United Airlines Holdings Inc on Tuesday announced a public offering to raise more than $1 billion, the first major airline to sell equity to help it survive a sharp travel downturn in the coronavirus pandemic.
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Lululemon apologizes after staffer offends with 'bat fried rice' T-shirt
Canadian exercise apparel brand Lululemon issued statements on Tuesday apologizing for, and distancing itself from, a T-shirt design promoted by one of its art directors that triggered outrage and accusations of racism online.
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Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal
Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month.
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