Business

Oil prices rose on Wednesday after an industry report showed U.S. crude inventories last week fell more than analysts had expected, bolstering hopes that fuel demand in the world's biggest economy can weather the coronavirus pandemic.

The coronavirus pandemic continues to disrupt the U.S. economy as businesses both big and small cut back, close and declare bankruptcy. Consequently, a reported 16.3 million Americans were unemployed in July compared to just over 6 million the previous ye...

OPEC on Wednesday said world oil demand will fall more steeply in 2020 due to the coronavirus pandemic and said next year's recovery faces large uncertainties, pointing to growing headwinds for the group and its allies in supporting the market.

Oil prices rose on Wednesday after an industry report showed U.S. crude inventories last week fell more than analysts had expected, bolstering hopes that fuel demand in the world's biggest economy can weather the coronavirus pandemic.

Hong Kong's Cathay Pacific Airways Ltd warned it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic, after reporting a record HK$9.87 billion ($1.27 billion) firsthalf loss.

Boeing Co customers scrubbed more than 400 orders for the U.S. planemaker's grounded 737 MAX jets this year, while the company's overall aircraft deliveries slumped to only four in July, monthly numbers showed on Tuesday.

The S&P 500 ended lower on Tuesday, reversing course late in the session after comments about a stalemate in talks over a fiscal stimulus deal.

A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when foreign shippers are reluctant to carry its oil, court documents show.

The Finance Commission provides a mechanism for the Centre to compensate for any revenue loss incurred by states, which is referred to as post devolution revenue deficit grant.

Canadian Finance Minister Bill Morneau could lose his job amid disagreements with Prime Minister Justin Trudeau over how to steer the economy through the coronavirus outbreak, the Globe and Mail said on Tuesday.

Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen.

The S&P 500 and Dow rose on Monday, as investors rotated into value stocks from heavyweight techrelated names while they awaited news on progress in a fiscal support bill for the country's battered economy.

McDonald's Corp said on Monday it sued former Chief Executive Steve Easterbrook to recoup tens of millions of dollars in severance and benefits, claiming he covered up and lied about sexual relationships with at least three employees.

The S&P 500 and the Nasdaq fell on Monday as investors rotated out of heavyweight technology stocks and moved into lagging growthlinked sectors while awaiting word on progress in the fiscal support bill to support the country's battered economy.

The seismic vessel Oruc Reis' arrival on Monday in a disputed area of the eastern Mediterranean, following Turkey's announcement it was resuming energy exploration work, reignites tensions between two NATO allies with a long history of discord.

Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirusrelated economic stimulus.