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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

Covid -19 impact: UK economy may shrink by 13% in 2020, the most in 300 yrs

In the April-June period alone, economic output could plunge by 35%, with the unemployment rate more than doubling to 10%, the Office for Budget Responsibility (OBR) said

Covid-19 crisis a major threat to stability of global financial system: IMF

Policymakers have already taken "decisive" fiscal and monetary policy steps to soften the impact of the pandemic, the IMF said

Indian banks issue gag orders to employees over overcrowding: Reports

Some branch staff have complained on social media of the difficulty in imposing social distancing in such conditions, earning a rebuke from employers and even from the police

Coronavirus lockdown sends prices of grey-market alcohol soaring

Higher availability of disposable income and a burgeoning urban population has led to an increase in alcohol consumption in India over recent years

Gold climbs to seven-year high on growth fears, stimulus measures

Holdings in the SPDR Gold Trust, the world's largest gold-backed ETF, rose to 1,009.70 tonnes on Monday, the highest since June 2013

UK Covid-19 death toll could be 15% higher than projected earlier: Data

Unlike the daily data published by the government that show only deaths in hospitals, Tuesday's figures include deaths in the community, such as at nursing homes

China's GDP growth to sink to 44-year low as virus cripples economy: Report

That is a sharp easing from a 6.1% gain in 2019, and is below the 5.4% growth forecast in the March poll

India plans to fill strategic oil storage by the third week of May: Report

India's fuel demand in March declined by 17.8%, the lowest in over two decades

Covid-19 crisis: US airlines likely to accept $25 billion payroll aid plan

Airline industry officials expect all major airlines to accept the grants in coming days

India's 2019-20 fuel demand growth worst in over 2 decades as virus strikes

Due to restrictions on movement and travel advisories, India's consumption of diesel, petrol and aviation turbine declined massively during March

Truck movement, ops at 3 Adani-run ports in Gujarat disrupted: Report

There was no truck movement at three Adani ports in the state of Gujarat on the west coast, Mundra, Dahej and Tuna, the report said

Gold falls on profit-booking, but economic downturn fears limit losses

Spot gold slipped 0.4 per cent to $1,681.49 per ounce by 0239 GMT US gold futures fell 1.4 per cent to $1,728.40.