Page 1341 - Reuters

US oil falls 25% as investors flee on storage concerns; Brent below $20

Roughly 85 per cent of worldwide onshore storage full as of last week, according to Kpler data

Oil prices slump again on storage capacity, global demand concerns

Global economic output is expected to contract by 2% this year - worse than the financial crisis - while demand has collapsed by 30% because of the pandemic.

India battles supply snags, labour shortages to make affordable ventilators

Nocca is in talks with several large manufacturers to start production once its prototypes clear tests by early May

Global CEOs see U-shaped recession, fear death of some brands: Study

11 per cent of chief executives see coronavirus as a risk to the survival of their firm, while a further 40 per cent say the pandemic poses a severe threat.

ValueAct eyes stake of over $1.1 billion in Japanese gaming major Nintendo

ValueAct has picked up about 2.6 million shares, or about a 2% stake, in Nintendo. Shares of the Japanese company rose more than 2% as trading started in Tokyo

Netflix adds 15.8 mn customers during quarantine, warns boost is temporary

Total revenue rose to $5.77 billion from $4.52 billion. Analysts on average had expected $5.76 billion

Wall Street tumbles as oil crash stirs Covid-19 fears; Dow falls over 2%

All 11 S&P 500 sector indexes fell 1.6 per cent or more, with energy sliding for the seventh time in eight sessions

Brent oil futures plunge again as growing glut feeds market panic

Monday and Tuesday have been two of the most turbulent days in the history of oil trading, as investors confronted the reality that worldwide supply will overwhelm demand for months or years

Trump immigration order to last 30-90 days, apply to permanent immigrants

Other workers such as those on so-called H1-B visas would be covered in a separate action

ICICI Bank confirms exposure to Singapore-based oil trader Hin Leong

The Bank did not elaborate the extent of its exposure and the steps it is taking to protect its interest

Wall Street tumbles as US crude extends fall adding to pandemic woes

With the collapse spilling into June futures contracts, investors turned fearful about the extent of the economic damage from sweeping lockdown measures

US oil futures continue to tread in negative territory, Brent plunges

Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity

Covid-19: Oil crashes into negative territory for the first time in history

The May US WTI contract fell $55.9, or 306 per cent, to settle at a discount of $37.63 a barrel after touching an all-time low of -$40.32 a barrel

Wall Street drops on oil price crash, earnings anxiety; Dow falls over 2%

The S&P energy index tumbled 3.7 per cent after the front-month May US West Texas Intermediate (WTI) contract actually turned negative

Wall Street drops on oil price crash, earnings anxiety; Dow falls over 1%

Energy stocks shed 1.9% and were on track for their sixth slide in seven sessions as the front-month May US West Texas Intermediate (WTI) contract plunged more than 50%

India's tweaked FDI rules aimed at China to include Hong Kong: Report

A substantial part of Chinese investments is routed through the Asian financial centre given its market expertise and deep pool of liquidity

Covid-19 pandemic takes toll on global M&A as $1 billion deals disappear

Worldwide merger activity so far this year is down 33% from a year ago and at $762.6 billion is the lowest year-to-date amount for dealmaking since 2013, the data showed

UK's competition regulator clears Amazon stake in coronavirus-hit Deliveroo

Amazon.com Inc led a $575 million fundraising in Deliveroo last May, making what the two parties called "a minority investment" and pitching it against Uber Eats and Takeaway.com

Ford issues $8 bn debt securities after coronavirus causes $2 bn loss

The Dearborn, Michigan-based company, which lost its investment-grade status in March, raised new funds with a three-part debt offering, according to a regulatory filing.

US announces $19 bn coronavirus aid for farmers, food buys for poor

The US Agriculture Department is partnering with regional and local distributors to purchase $3 billion in such farm goods to be distributed to food banks, churches and aid groups