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U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week.

Wall Street rose in choppy trading on Wednesday, building on the previous session's gains, as the U.S. Senate neared a vote to clear a $2 trillion package to support businesses and households affected by the coronavirus pandemic.

A handful of large British companies had emerged on Wednesday as likely candidates for the government's emergency lending scheme aimed at helping them tide over the coronavirus shutdowns afflicting many of the world's biggest economies.

European Central Bank President Christine Lagarde has a concrete reason for putting pressure on euro zone governments to finance the fight against coronavirus with joint debt -- avoiding trouble with the courts.

Italian oil and gas group Eni said on Wednesday it would reduce its capital expenditure this year by around 2 billion euros ($2.17 billion) to mitigate the impact from falling commodity prices following the coronavirus emergency.

The unfolding market shock and economic crisis wrought by the coronavirus disruption is shaping up to be a nightmare for the Federal Reserve – literally.

Volkswagen expects to resume car production in Germany in the summer after the auto maker was forced to suspend output due to the coronavirus pandemic, an executive told a newspaper on Wednesday.

New orders for key U.S.-made capital goods fell sharply in February as demand for machinery and other products slumped, suggesting a deepening contraction in business investment that analysts said signaled the economy was already in recession.

A compromise $2 trillion economic rescue package set to be voted on by the U.S. Senate on Wednesday will include $25 billion for airlines in cash grants, a badly needed lifeline for an industry facing the worst travel downturn in history.

Britain is continuing talks with the aviation industry about how best to support the sector, Prime Minister Boris Johnson and a pilots' union said on Wednesday, reviving the prospect of a sector-specific support package that had seemed to be on hold.

Red tape is holding up medical and other emergency supplies needed to help tackle the coronavirus crisis, airlines warn.

Venezuela has opened talks with China over possible financial support to cope with a sharp drop in oil prices and the arrival of the novel coronavirus, four sources familiar with the negotiations said.

EssilorLuxottica said on Wednesday Essilor had been subject of a cyberattack on March 21 which disrupted access to some of its group servers and computers.

Wall Street on Wednesday was unable to sustain strong gains from the previous session as fears about the economic toll of the coronavirus pandemic overshadowed optimism from sweeping fiscal and monetary stimulus to aid businesses and households.

EU antitrust regulators have opened a full investigation into Johnson & Johnson's acquisition of Takeda Pharmaceutical's surgical patch product TachoSil, concerned that the deal could lead to reduced choice and higher prices for customers.

Oil prices fell on Wednesday despite a massive pending U.S. economic stimulus package as the coronavirus pandemic sharply dented U.S. fuel demand in the latest week, with traders bracing for further declines.

French automaker Peugeot SA's joint venture in China with Dongfeng Motor Group said on Wednesday it had restarted car production at its plant in Wuhan city, the epicenter of China's coronavirus outbreak.

Alberto Mendoza figures he can make it a couple of weeks on unemployment benefits before starting to decide which bills won't get paid. The 26-year-old father of three lost his job training cooks when all the local restaurants started closing their doors and laying off staff.

Sales of Bristol-Myers Squibb Co's cancer drug Abraxane have been suspended in China based on findings at a third-party manufacturing plant in the United States.

A compromise $2 trillion economic rescue package that will be voted on by the U.S. Senate on Wednesday is set to give passenger airlines about $25 billion in grants, and up to another $8 billion for cargo carriers and airport contractors like caterers, three people briefed on the negotiations said.