Business

NEW YORK (Reuters) – Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic. General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020.

BEIJING (Reuters) – China’s ports and shipping firms are bracing for a second wave of supply chain disruptions that may be deeper and more prolonged than during the country’s coronavirus lockdown as the global spread of the virus chokes off international demand. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai,

NEW YORK (Reuters) – Global stock markets slid on Tuesday as investors continued to assess the economic damage from the coronavirus pandemic, leaving the MSCI benchmark of world equities on pace to finish its worst quarter since the financial crisis of 2008. Stocks have rallied since the start of last week but remain down more

LONDON/NEW YORK (Reuters) – Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers. FILE PHOTO: Test tube with fake blood labelled with the coronavirus disease

FILE PHOTO: A woman passes by a JPMorgan Chase bank in Times Square in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – JPMorgan Chase & Co’s (JPM.N) alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, a

BEIJING/SHANGHAI (Reuters) – China’s largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down asset quality as borrowers struggle to repay loans, though they are likely big enough to weather any fallout. FILE PHOTO: A sanitation worker wearing a face mask walks past a

LONDON (Reuters) – Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday. FILE PHOTO: Bank of Mexico Governor Agustin Carstens gestures during the delivery quarterly report from the Bank of Mexico in

NEW YORK (Reuters) – After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict. FILE PHOTO: The Wall St. Bull is seen standing on a nearly empty Broadway in the financial district,

A sign encouraging hand sanitizer use is pictured in the Amazon Obidos lobby in the South Lake Union neighborhood, normally a busy area for Amazon and the biotech industry, as companies have instructed employees to work from home if they can during the coronavirus disease (COVID-19) outbreak, in Seattle, Washington, U.S. March 18, 2020. REUTERS/Jason

CHICAGO (Reuters) – United Airlines Holdings Inc and Delta Air Lines welcomed on Friday a $50 billion relief package they said would protect jobs through September but warned that the continued challenges facing the industry will require more action. Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the

LONDON (Reuters) – European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact. FILE PHOTO: A general view shows the German share prize index DAX board during afternoon

(Reuters) – Amazon.com Inc (AMZN.O) is at the front line of responding to outbreaks of the novel coronavirus in the United States, delivering essential goods while about half the population faces government stay-at-home orders. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is for the first time considering asking its German staff to cut their hours and take government money instead as it tries to navigate the coronavirus crisis. The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson After years of

FILE PHOTO: An easyjet aeroplane at Luton Airport as the number of coronavirus cases grow around the world. Luton, Britain, March 17, 2020. REUTERS/Peter Cziborra LONDON (Reuters) – A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a coronavirus

FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski BENGALURU (Reuters) – Walmart Inc (WMT.N) on Wednesday named Sameer Aggarwal chief executive officer of Best Price, its Indian cash and carry business, and said it was in touch with supplier partners for adequate stocking