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Oil prices were mixed with Brent down and U.S. crude higher after OPEC lowered its global oil demand forecast due to the "historic shock" delivered by the coronavirus outbreak.

The dollar hit a one-week high on Thursday as investors fled to safe-haven assets following the release of weekly U.S. jobless data showing a record 22 million Americans have sought unemployment benefits in the last month.

Abbott Laboratories Inc said on Thursday a recent ramp up in coronavirus tests production would help it ride out a tough current quarter as the outbreak chokes demand for its other diagnostic kits.

The U.S. Small Business Administration is telling lenders a $350 billion emergency loan program for small businesses designed to help them keep workers on their payrolls is expected to run out of funds imminently, a source familiar with the situation said.

The Federal Reserve's program to back emergency government loans to small businesses is "fully operational," the U.S. central bank said on Thursday, a boost to banks as they await a possible expansion to the total amount of funds they will be allowed to disburse to help companies through the coronavirus crisis.

Luxury carmaker Ferrari has begun making parts to convert snorkel masks into respirators for treating patients with coronavirus and protecting medical workers.

Turkey's latest squeeze of its $37 billion-a-day London lira market may succeed in boosting scarce hard currency reserves but analysts say it will not stem the lira's decline and that the country's reliance on foreign capital means it could backfire.

BlackRock Inc's assets under management dipped sharply in the first quarter amid turmoil in global markets caused by concerns about the economic fallout of the coronavirus outbreak.

Swiss supervisor FINMA has received cryptocurrency project Libra's application for a payment system licence, it said on Thursday, after the Geneva-based association announced a major revamp of its planned payments system and oversight by global watchdogs.

Peugeot-owner PSA and Renault are planning new safety measures in a push by France's major industrial groups for a breakthrough with workers to reopen some factories before the government lifts its lockdown from mid-May, unions said.

Delivery business DHL is struggling to cope with a flood of parcels from online purchases due to the coronavirus crisis, forcing it to cut back extra collections from retailers in Germany, parent company Deutsche Post said on Thursday.

British insurer Aviva said on Thursday its executive directors and leadership team would not be considered for any bonus for 2020 until dividends are restarted.

Barrick Gold said on Thursday it was on track to meet its full-year production targets even as it reported an 8.5% drop in first-quarter gold output due to the impact of coronavirus-driven lockdowns.

Neiman Marcus Group skipped a bond payment due this week to Marble Ridge Capital LP, according to a letter from the hedge fund to the luxury department store retailer sent Thursday, setting the heavily indebted chain on a path toward bankruptcy.

Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.

Activist investor Starboard is withdrawing its nominations to eBay Inc's board after the e-commerce company appointed Walmart executive Jamie Iannone as its chief executive officer, the firms said on Thursday.

U.S. homebuilding fell by the most in 36 years in March amid a broad decline in activity, offering further evidence that the economy was buckling under the weight of drastic measures to control the spread of the novel coronavirus.

Oil prices rose on Thursday after sharp losses in the previous session, with investors hoping that a build-up in U.S. inventories may mean producers have little option but to cut output as the coronavirus pandemic ravages demand.

European planemaker Airbus is examining multiple customer requests to defer deliveries after travel demand collapsed because of the coronavirus epidemic, it said on Thursday.

German carmakers including Volkswagen and Mercedes-Benz will restart production at some German factories next week after the country eased restrictions designed to contain the coronavirus outbreak.