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Updated: 4 years 30 weeks ago
Cash is king as U.S. quarterly reporting season gains steam
As the U.S. quarterly earnings season picks up steam this week, investors are getting a glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
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EU says air travel will require social distancing, U.S. airlines taking their own steps
The European Commission will next month present a set of rules for the safe reopening of air travel when coronavirus lockdowns end, including social distancing in airports and planes, while some U.S. airlines are taking their own protective measures.
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Pricing the benefits of cheap oil in a world of economic lockdowns
The oil price collapse that took U.S. crude prices sub-zero for the first time in history may turn out to be a silver lining for the world economy, possibly offering a springboard for recovery when coronavirus lockdowns finally end.
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Netflix to raise $1 billion to fund original content
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt to beef up original content, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on movies and shows.
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Kraft-Heinz extends factory worker bonuses in pandemic
Kraft Heinz will extend for two weeks a $100 per week stipend for factory workers producing its packaged foods during the COVID-19 pandemic, the company said on Wednesday.
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Air France-KLM nears bailout with improved guarantees: sources
Air France-KLM is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources said, after France agreed to higher guarantees on loans designed to tide the airline group through the coronavirus crisis.
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Brent crude rebounds from 1999 lows, U.S. oil up more than 25% in wild trade
Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative discussions of additional supply cuts from OPEC producers and U.S. inventory builds that were less dire than some anticipated.
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Oil exec and Trump ally Hamm seeks U.S. probe of oil price crash
The founder of Continental Resources Inc , an ally of U.S. President Donald Trump, is pressing the U.S. commodity markets regulator and the exchange to probe whether market manipulation or system failure was behind this week's unprecedented plunge in U.S. crude futures.
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Google says state-backed hackers increasing coronavirus phishing attacks
Security experts at Alphabet Inc's Google have identified more than a dozen government-backed hacking groups using the COVID-19 pandemic as cover for phishing and malware attempts.
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Fox's Rupert, Lachlan Murdoch to forgo salary due to hit from coronavirus
Fox Corp Chairman Rupert Murdoch and Chief Executive Officer Lachlan Murdoch will forgo their salaries in response to the coronavirus crisis, according to an internal memo sent to employees on Wednesday.
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Whether OPEC+ formally agrees, deeper oil cuts now look inevitable
Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more.
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Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers
Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small businesses by capitalising upon WhatsApp's extensive reach within the country.
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Ships, trains, caves: Oil traders chase storage space in world awash with fuel
Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply and plummeting demand due to the coronavirus crisis.
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Wall Street rises as Congress prepares more stimulus, oil prices bounce
Wall Street's main indexes surged on Wednesday as oil prices recovered some ground and Congress looked on course to seal nearly $500 billion more in aid to help small businesses ride out the coronavirus crisis.
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Iran's oil minister says more output cuts may be needed
Oil producer countries may have to cut output more than the record amount already agreed to tackle an "unprecedented" slump in prices, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Wednesday by the ministry's website SHANA.
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Iran says it will fare better than others after oil crash amid battered economy
Iran will not suffer as much as other countries from the oil price plunge as it is less reliant on crude exports, its president said on Wednesday, with the state budget depending far less than before on oil revenue due to U.S. sanctions.
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Nasdaq cautious as volume spike drives first-quarter profit beat
Nasdaq Inc reported higher-than-expected first-quarter profits on Wednesday, benefiting from market volatility fueled by the coronavirus crisis, but the transatlantic exchange operator also warned of uncertainty ahead.
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Euro zone economy set for deepest recession on record: Reuters poll
The euro zone economy is already in its deepest recession on record, according to a Reuters poll of economists, who have stuck to a bleak outlook and worry the downturn might be even worse as coronavirus lockdowns across the bloc take their toll.
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Brent crude rebounds from 1999 lows, U.S. oil up 25% in wild trade
Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative discussions of additional supply cuts from OPEC producers and U.S. inventory builds that were less dire than some anticipated.
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AT&T pulls 2020 financial forecast as coronavirus clouds business
AT&T Inc pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future.
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