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Updated: 4 years 27 weeks ago

Oil rises as OPEC backs deeper supply cuts

Thu, 03/05/2020 - 08:00
Oil rose on Thursday after major producers agreed on deeper output cuts to bolster prices as worries intensify over the fast-spreading coronavirus outbreak and its impact on the global economy and crude consumption.
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Exxon CEO sticks to spending targets despite oil downturn

Thu, 03/05/2020 - 07:41
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Tuesday it would stick to its spending plans even as its rivals trim costs.
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HP rejects Xerox's raised takeover offer

Thu, 03/05/2020 - 07:21
HP Inc on Thursday rejected Xerox Holdings Corp's raised takeover bid of about $35 billion, saying that the offer still undervalued the personal computer maker.
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Southwest Airline sees hit to first-quarter revenue from coronavirus outbreak

Thu, 03/05/2020 - 07:17
Southwest Airlines Co on Thursday warned its first-quarter operating revenue would take a hit of up to $300 million from the coronavirus outbreak, prompting it to cut its quarterly revenue outlook.
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OPEC agrees large oil output cut amid virus outbreak if Russia joins: sources

Thu, 03/05/2020 - 07:16
OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices amid an outbreak of coronavirus but made it conditional on Russia joining in, two OPEC sources said.
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Hugo Boss sees coronavirus hit to sales spreading from Asia

Thu, 03/05/2020 - 07:04
German fashion house Hugo Boss warned on Thursday that the coronavirus will have a significant impact on its first-quarter results, with sales falling particularly in Asia, but also in other key markets.
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Europe stocks, U.S. futures sink as coronavirus quashes rebound

Thu, 03/05/2020 - 07:03
European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the coronavirus surged in the U.S.
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UK ready to support regional airports after Flybe collapse: minister

Thu, 03/05/2020 - 06:46
Britain "stands ready" to support regional airports after the collapse of airline Flybe on Thursday, Kelly Tolhurst, a junior minister with responsibility for aviation, told parliament.
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ProSieben's $500 million dating bet a turn-off for investors

Thu, 03/05/2020 - 06:44
ProSiebenSat.1 Media has staked a $500 million bet on romance by buying U.S. dating app developer Meet Group Inc , but the deal was a turn-off for investors who sent the German broadcaster's shares down as much as 10% to a decade low.
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PetroChina suspends some gas contracts as coronavirus hits demand: sources

Thu, 03/05/2020 - 06:41
PetroChina has suspended some natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, as a seasonal plunge in demand adds to the impact on consumption from the coronavirus outbreak.
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Facebook closes Seattle office after contractor catches coronavirus

Thu, 03/05/2020 - 06:38
Facebook Inc said on Thursday a contractor at its Seattle office has been diagnosed with the coronavirus and that it would shut the location through March 9.
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Oil falls, OPEC seeks Russian backing for deeper supply cuts

Thu, 03/05/2020 - 05:55
Oil fell on Thursday as worries intensified over the fast-spreading coronavirus outbreak and OPEC ministers met in Vienna to seek Russian backing for deeper output cuts to bolster prices.
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OPEC seen backing big oil output cut, but awaits Russian support

Thu, 03/05/2020 - 05:42
OPEC ministers are expected to approve on Thursday the outlines of a deal for a significant cut in oil production to shore up prices hammered by the coronavirus outbreak but they are still waiting for Russia to indicate whether it will back such a move.
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South Korean e-commerce firm Coupang stretched by order surge as coronavirus cases jump

Thu, 03/05/2020 - 05:35
As South Korea's coronavirus cases leapt above 5,000 this week, mask-wearing workers at a logistics center run by e-commerce firm Coupang Corp raced to disinfect trucks and load thousands of boxes of microwavable rice, disposable diapers and kitchen towels.
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Coronavirus douses stocks rally; Europe, U.S. futures lower

Thu, 03/05/2020 - 04:51
European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the coronavirus surged in the U.S.
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ProSieben's $500 mln dating bet a turn-off for investors

Thu, 03/05/2020 - 04:37
ProSiebenSat.1 Media has staked a $500 million bet on romance by buying dating U.S. app developer Meet Group Inc , but the deal proved to be a turn-off for investors who sent the German broadcaster's shares down 10% to a decade low.
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Exclusive: China's top gas importer PetroChina declares force majeure on imports - sources

Thu, 03/05/2020 - 04:35
China's top gas importer PetroChina has declared force majeure on natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, following the coronavirus outbreak, four industry sources told Reuters.
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Finnair steps up efforts to be carbon neutral by 2045

Thu, 03/05/2020 - 04:28
Finnair said on Thursday it had stepped up its efforts to achieve carbon neutrality by 2045 through a range of measures and would begin by halving its net emissions by 2025 from their 2019 level.
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Record profit lifts Aviva shares, pays out on coronavirus claims

Thu, 03/05/2020 - 04:06
Aviva shares jumped on Thursday as the life and general insurer posted a record profit in its first year under chief executive Maurice Tulloch, although he said coronavirus added uncertainty to the outlook.
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India plans to airlift components from China to help local tech industry: sources

Thu, 03/05/2020 - 03:59
India is planning to backstop its growing electronics sector by arranging to airlift components from China, three government officials said, as it tries to contain the fallout from the coronavirus crisis in China.
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