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Facebook sees signs of stability in ad spending, beats revenue estimates

Shares of the world's biggest social network, which owns WhatsApp and Instagram, jumped 9% in extended trading.

Wall Street rallies on promising coronavirus drug; Dow, S&P rise over 2%

Big tech companies provided the biggest lift to the S&P 500 and the Nasdaq,

Oyo to offload more loss-making hotels amid Covid-19 outbreak: Report

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt

Boeing to cut staff, boost liquidity with recovery not coming anytime soon

Chicago-based Boeing burned through $4.7 billion in cash in the first quarter but said it was confident of getting sufficient liquidity to fund its operations

Federal Reserve leaves rates near zero, sees coronavirus risks lingering

US stock markets pared some of the day's strong gains after the release of the statement

Covid-19: Gilead drug data lifts hopes, Fauci calls it 'highly significant'

President Donald Trump during a White House meeting greeted Gilead's reports as good news

Amazon's foreign websites named in US piracy and counterfeiting report

The Office of the U.S. Trade Representative on Wednesday cited allegations of counterfeit goods sold on the Seattle-based online retailer's websites in Canada, Germany, France, India and the UK

Nearly half of world's workforce risks losing livelihoods in pandemic: ILO

Prolonged lockdowns and closures expected to lead to an 'even' worse fall in total working hours, says UN agency.

Oil demand won't recover to 2019 levels until end of 2021: Morgan Stanley

The Wall Street bank expects benchmark US oil prices to stabilise at around $40 a barrel next year

Amazon turns to blacklisted Chinese firms to buy thermal cameras: Report

China's Zhejiang Dahua Technology Co Ltd shipped 1,500 cameras to Amazon this month in a deal valued close to $10 million

Packed city centre offices may be a thing of the past, says Barclays CEO

Social distancing rules will limit how many workers can return and impose restrictions, such as limiting elevators to two people at a time, Staley said

Samsung expects profit to drop in Q2 as Covid-19 hits phone, TV sales

The South Korean conglomerate joins other tech giants in warning of uncertainty over how long the coronavirus will continue to hurt the industry

Covid-19 impact: Investors flip over 2020 to bet on 2021 for buy signals

Wall Street's fear gauge, the Cboe Volatility Index as well as the Euro STOXX 50 volatility index have steadily dropped over the past month to the low 30s

Covid-19 impact: Ford slumps $2 bn in Q1, expects loss to double next qtr

The company has slashed costs during the Covid-19 outbreak to weather the shutdown, including cutting salaries of executives and white-collar employees

Reeling under pandemic, British Airways plans to cut as many as 12,000 jobs

Pre-tax profits were hit by an exceptional charge of 1.3 billion euros due to overhedging of its fuel and foreign currency needs for the rest of 2020

Novartis confirms 2020 outlook; sales, profit up amid Covid-19 outbreak

Core net income rises to $3.55 billion from $2.8 billion in 2019, against the average analyst forecast in a Refinitiv poll of $3.17 billion

HSBC first quarter profit falls 48% as coronavirus pandemic hits borrowers

Europe's biggest bank by assets said profit before tax came in at $3.21 billion for January-March, down from $6.21 billion a year ago

Piglets aborted, chickens gassed as Covid-19 pandemic slams meat sector

Millions of pigs, chickens and cattle will be euthanised because of slaughterhouse closures, limiting supplies at grocers

Oil prices fall as world's limited storage tanks fill up amid demand shock

Brent crude futures fell to a low of $18.97 and were last down 4.1 per cent , or 82 cents, at $19.17 a barrel

GM, Ford, Fiat Chrysler target to reopen factories from May 18: Report

Ford said in a statement it is yet to determine when it will resume production at its North American plants, while Fiat Chrysler said it will communicate new restart dates in due course