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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.

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.

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.

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.

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.

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.

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.

Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.

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.

U.S. House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer welcomed a bipartisan deal reached on small business loan support, along with money for hospitals and testing, and said the U.S. Congress would aim to pass it this week.

A nearly $500 billion spending deal reached by U.S. Senate leaders on Tuesday does not expand payroll assistance to struggling local newspapers and broadcast stations, whose advertising revenues have plummeted during the coronavirus pandemic.

U.S. President Donald Trump on Tuesday said discussions on additional coronavirus-related aid for state and local governments would start after Congress passes a bill funding more small business loans, hospitals and testing.

Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak.

The Trump administration is considering the possibility of providing liability protection to small businesses that reopen and put their employees back to work as the nation tries to repair the economic damage wrought by the coronavirus, a top White House adviser said on Tuesday.

Ten of the world's largest banks, including JPMorgan Chase and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.

A California regulator has asked PG&E Corp for governance and oversight changes to its reorganization plan, while proposing about $2 billion in penalties for the San-Francisco based utility's role in causing the devastating 2017 and 2018 wildfires in California.

The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed.

JPMorgan Chase & Co, the largest U.S. lender, said on Tuesday it was working on a plan to bring thousands of employees who have been working from home for more than five weeks back onsite in stages, according to an internal memo seen by Reuters.

Investors are in for more bad news on the energy front in the coming weeks as a host of the sector's biggest companies report quarterly results following the historic collapse in oil prices.

Online travel services company Expedia Group Inc is in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management Inc for about $1 billion, the Wall Street Journal reported on Tuesday.