News Wire

Coronavirus impact sees Glencore Zambian unit shut copper mines

18h40 Glencore's Zambian unit Mopani Copper Mines (MCM) will shutter its mines on Wednesday following disruption from the COVID-19 pandemic and low copper prices, it said in a statement, after the country's mines minister earlier criticised the closure.  Full story

Ireland likely to extend shutdown as coronavirus toll rises

19h51 Ireland's chief medical officer said on Tuesday he did not expect to be able to recommend a lifting of severe restrictions on economic activity and the movement of people by April 12 amid a. . .  Full story

TJX to furlough most of about 286,000 staff as stores stay shut amid pandemic

19h50 Off-price retailer TJX Companies Inc said on Tuesday it would furlough most of the employees at its stores and distribution centers, as outlets remain closed to curb the spread of the coronavirus.. . .  Full story

Oil dips on doubts over output cuts, crude glut woes

19h47 Oil edged lower on Tuesday on uncertainty over whether the world's biggest producers would agree to cut output in the face of a swelling crude oil glut as fuel demand has been hammered during. . .  Full story

EDF says French nuclear power output down 13.8% Y/Y in March

19h42 French utility EDF said on Tuesday that electricity generation from its nuclear reactors in France tumbled 13.8% to 30.6 terawatt hours (TWh) in March compared with the same month a year ago due to. . .  Full story

U.S. projected to cut oil output by 2 mln bpd, driven by free market -DOE

19h42 U.S. oil companies are expected to temporarily reduce oil output by about 2 million barrels per day as lower crude prices force companies to cut back operations, the U.S. Energy Department said on Tuesday.. . .  Full story

Kuwait's financial position is solid, must complete reform in public finance -minister

19h34 Kuwait's finance minister said on Tuesday that Kuwait's financial position is solid, but it must complete reform in public finance to ensure sustainability of institutions and the welfare of citizens, the finance ministry cited him. . .  Full story

Barclays, Sabadell bosses give up some pay to aid coronavirus relief efforts

19h32 Britain's Barclays and Spain's Banco Sabadell on Tuesday said senior executives would give up some of their pay, joining a list of European banks where bosses have made such a gesture as part of efforts. . .  Full story

Trump administration, U.S. Congress eye quick approval of more small business aid

19h31 The Trump administration on Tuesday was preparing to ask Congress for an additional round of emergency loans to help small businesses hobbled by the coronavirus pandemic, and Senate Majority Leader Mitch McConnell said he hoped. . .  Full story

U.S. pushes back on call by OPEC+ to join big oil output cuts

19h15 Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help. . .  Full story

Lufthansa to discontinue Germanwings in sweeping restructuring

19h15 Lufthansa will close its Germanwings low-cost airline as part of a broader overhaul including capacity cuts across the group, it said on Tuesday as it warned it could take years for the industry to recover. . .  Full story

OPEC+ needs to agree output numbers before meeting - Iran oil minister

19h15 There needs to be an agreement on oil production numbers before any future meeting between OPEC and non-OPEC members, Iran's Oil Minister Bijan Zanganeh tweeted on Tuesday.. . .  Full story

Chile posts trade balance of $1.24 billion in March, imports plunge - central bank

19h08 Chile posted a trade balance of $1.243 billion in March, the central bank said on Tuesday, as imports plunged nearly 20% versus the previous year amid the global coronavirus outbreak.. . .  Full story

Chinese refiners try out cheap, exotic oil from Europe -sources

19h04 Bargain-hunting Chinese buyers have snapped up very cheap and sometimes obscure crude oil grades, mostly from Europe, where the impact of lockdowns to halt the new coronavirus has devastated demand.. . .  Full story

U.S. oil output to drop, demand to plunge more than 1 mln bpd in 2020 -EIA

18h56 U.S. crude production is expected to slump by 470,000 barrels per day (bpd) and demand is set to plunge by about 1.3 million bpd in 2020, the U.S. Energy Information Administration (EIA) said on. . .  Full story

Video service Zoom taking security seriously -U.S. government memo

18h52 Video conferencing company Zoom has been responsive to concerns over its software, the U.S. Department of Homeland Security (DHS) said in a memo recently distributed to top government cybersecurity officials and seen by Reuters.. . .  Full story

-Fastjet has enough resources to meet needs until June-end

18h42 South African budget airline Fastjet Plc said on Tuesday it has enough resources to cover its operational needs until June-end, as it announced job cuts and a reduction in salaries in an effort to. . .  Full story

Signs of slowing coronavirus cases lift UK shares, Cineworld soars

18h38 Britain's stock markets surged on Tuesday as signs of coronavirus infections easing in the worst-hit regions of Europe boosted energy, banking and battered travel stocks.. . .  Full story

All for one and one for all? Euro zone will for joint bonds tested

18h36 Step-by-step, the coronavirus crisis is forcing the euro zone into greater integration. But like the euro zone debt crisis before, it may not deliver what bond markets really crave.. . .  Full story

U.S. job openings fall; coronavirus shutdowns seen causing further declines

18h30 U.S. job openings fell in February, suggesting the labor market was losing momentum even before stringent measures to control the novel coronavirus outbreak shuttered businesses, throwing millions out of work.. . .  Full story

ECB makes it easier for banks to tap credit amid coronavirus crisis

18h29 The European Central Bank will make it easier for banks to borrow cash at rock bottom rates during the coronavirus crisis, it said on Tuesday, as it eased collateral requirements even at the cost. . .  Full story

EU weighs new requirements for firms against biodiversity, pandemic risks

18h28 The European Commission is considering whether to impose new reporting requirements on firms to shield them from growing risks of biodiversity loss and pandemics, a draft document shows, as the EU grapples with the COVID-19. . .  Full story

UK's Supreme Court confirms PrivatBank claim to be heard in London

18h26 The United Kingdom Supreme Court has decided that a $3 billion claim by Ukraine's largest lender PrivatBank against its former owners can be heard in a court in London.. . .  Full story

US STOCKS-Wall Street gains on hopes of coronavirus slowdown

18h25 Wall Street rose on Tuesday on early signs of the coronavirus outbreak plateauing in some of the biggest U.S. hot spots, with the New York state's governor saying social distancing measures to curtail the. . .  Full story

EXCLUSIVE-U.S. grants GE license to sell engines for China's new airplane

18h25 The Trump administration on Tuesday granted a license to General Electric Co to supply engines for China's new COMAC C919 passenger jet, a spokeswoman for the company said.. . .  Full story

European shares at 1 month high on hopes coronavirus crisis may be easing

18h19 European shares rallied for a second straight day on Tuesday with investors focusing on early signs that the coronavirus pandemic may be easing.. . .  Full story

Iceland's Ossur gets U.S. antitrust okay for College Park purchase, with divesture

18h17 Iceland's Ossur Hf has won U.S. antitrust approval to buy College Park Industries on condition it sells the U.S. company's prosthetic elbow business, the Federal Trade Commission said on Tuesday.. . .  Full story

Corn rallies on firmer oil markets, wheat slumps on U.S. growing conditions

18h16 Chicago corn futures prices gained traction on Tuesday as energy prices firmed, a bit of relief from seven days of consecutive losses that saw prices plunge to 3-1/2 year lows.. . .  Full story

Bets on potential mining defaults surge on worsening sector outlook

18h15 The cost of insuring against potential debt default by mining companies has risen to the highest in five years on mounting fears of recession, demand destruction and shutdowns to contain the spread of the coronavirus.. . .  Full story

Spain's coronavirus deaths tick up again to near 14,000

18h12 Spain's pace of coronavirus deaths ticked up for the first time in five days on Tuesday, with 743 people succumbing overnight, but there was still hope the national lockdown might be eased soon.. . .  Full story

Copper rallies to near 3-week high on hopes of slowing pandemic

18h09 Copper prices surged to their highest in nearly three weeks on Tuesday on some signs that the coronavirus pandemic may be slowing and on hopes that heavy bouts of stimulus will repair economic damage.. . .  Full story

Norway to ease curbs 'little by little' after coronavirus lockdown -PM

18h04 Norway, one of the first European countries to curb activities to rein in the spread of the coronavirus, will relax restrictions "little by little", the prime minister said on Tuesday.. . .  Full story

Britain to reveal trial criteria for coronavirus antibody tests

18h03 British regulators will this week reveal approval criteria for firms offering new coronavirus antibody tests, touted by governments in Britain and elsewhere as critical to easing nationwide lockdowns without helping the virus to spread.. . .  Full story

China must step up on Africa debt relief - Ghana finance minister

17h56 China must do more to help ease the debt burden of African countries facing economic calamity due to the coronavirus pandemic, Ghana's finance minister said.. . .  Full story

Exxon could delay third Guyana project amid low prices, spending cuts

17h48 Exxon Mobil Corp said on Tuesday the start of production at its Payara project in Guyana, its third major development in the world's newest offshore oil hotspot, could be delayed as the company scales. . .  Full story

Rouble crash fuels 22.7% jump in Russian passenger car sales in March

17h45 Russia's passenger car sales jumped by 22.7% in March, compared with the previous year, as consumers rushed to buy new vehicles ahead of anticipated price rises following the rouble's sharp fall, analytical agency Autostat said. . .  Full story

Britain's TSB says CEO to forego 2020 bonus

17h43 British bank TSB said its Chief Executive Debbie Crosbie and the bank's executive committee would give up their bonus awards for 2020, so that the bank can better reward junior staff who are helping. . .  Full story

Czech lawmakers extend state of emergency until April 30

17h41 Czech lawmakers on Tuesday approved keeping the state of emergency in the country in place until April 30, a shorter extension than the government had sought to crack down on the coronavirus outbreak there.. . .  Full story

Shipping industry urges free movement of crews to keep trade moving

17h40 Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday.. . .  Full story

Germany ramps up Q2 bond issuance, plans first syndication since 2015

17h34 Germany on Tuesday ramped up bond issuance for the second quarter and said it will launch its first 15-year bond via a syndicate of banks, the first such deal since 2015 in a sign. . .  Full story

Import curbs premature, green reforms may be delayed - EU farm chief

17h31 The European Union's chief agriculture official said on Tuesday it was premature to restrict imports of products such as beef to support European farmers as they battle with the fallout of the new coronavirus pandemic.. . .  Full story

British bank TSB says CEO to give up 2020 bonus

17h30 Banco de Sabadell SA:. . .  Full story

Hopes of progress against virus lift stocks, weigh on dollar

17h28 World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk.. . .  Full story

wide coronavirus death toll increases by 786 to 6,159

17h26 The United Kingdom coronavirus death toll rose by 786 to 6,159 people as of 1600 GMT on April 6, the health ministry said on Tuesday.. . .  Full story

Global economic policy response to coronavirus crisis

17h22 Governments and central banks around the world have unleashed unprecedented fiscal and monetary stimulus and other support for economies floored by the coronavirus pandemic.. . .  Full story

Latest on the spread of the coronavirus around the world

17h22 The number of confirmed infections of the novel coronavirus exceeded 1.34 million globally and the death toll crossed 76,000, according to a Reuters tally as of 0200 GMT.. . .  Full story

U.S. SEC's Clayton says companies seeking bailouts must disclose plans, communicate with investors

17h20 The head of the U.S. Securities and Exchange Commission (SEC) said on Tuesday that companies in discussions about bailouts resulting from the economic impact of the coronavirus outbreak should disclose to investors where they stand.. . .  Full story

Side effects: Fuel demand crash shuts U.S. ethanol plants, meatpackers lack refrigerant

17h09 A slew of U.S. ethanol plants have shut down as fuel demand has collapsed during the coronavirus outbreak, and meatpackers have been hit by a worrying side-effect: less carbon dioxide is now available to chill. . .  Full story

Exxon lops 30% off 2020 spending, deeper and later than rivals

17h06 Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the coronavirus pandemic saps energy demand and oil prices tumble.. . .  Full story

Europcar nears rescue deal with lenders - sources

17h06 French car hire firm Europcar , hit by the coronavirus outbreak, is in talks with banks on a 223 million euro liquidity line guaranteed by the French government, a source familiar with the matter. . .  Full story

Norway to ease curbs 'little by little' after coronavirus lockdown - PM

17h01 Norway, one of the first European countries to curb activities to rein in the coronavirus, will relax restrictions "little by little", the prime minister said on Tuesday.. . .  Full story

Russia's oil export duty set to slide in May, hitting refining margins

16h57 Russia's oil export duty <CL-EXPDTY-RU>, a key source of tax revenue for the government, is likely to plummet in May to its lowest level in nearly two decades if oil prices stay low, Reuters. . .  Full story

EU mulls new buffers for firms against biodiversity risks, pandemics -draft

16h57 The European Commission is considering whether to impose new requirements on firms to shield them from growing risks of biodiversity loss, including future pandemics, a draft document shows, as EU nations grapple with the COVID-19. . .  Full story

Ireland raises 6 billion euros in largest bond sale in a decade

16h54 Ireland's debt agency raised 6 billion euros ($6.5 billion) on Tuesday in its largest bond sale for a decade, as the state moved to boost its finances in the face of what the deputy. . .  Full story

G20 energy ministers to meet to foster global cooperation - statement

16h52 Saudi Arabia said it would convene a virtual meeting of energy ministers from the Group of 20 major economies on Friday "to foster global dialogue and cooperation to ensure stable energy markets and enable. . .  Full story

Coming supply, stronger stocks push yields higher

16h49 U.S. Treasury yields climbed on Tuesday as the bond market mulled a looming supply deluge and Wall Street surged on hopes the coronovirus outbreak may slow down. The yield on. . .  Full story

Gold drops over 1% as virus slowdown hopes boost stock markets

16h46 Gold prices fell over 1% on Tuesday, retreating from a near one-month high hit earlier in the session, as signs of slowdown in coronavirus cases in major epicentres boosted equity markets, drawing away some. . .  Full story

Dutch government to offer 12 bln euros in credit guarantees -FD

16h46 The Dutch government is preparing a credit guarantee package worth 12 billion euros ($13 billion) to ensure companies can keep buying and selling goods without worrying their trading partner will default, newspaper FD reported on. . .  Full story

German bond yields head to 2-week highs before Eurogroup meeting, supply

16h41 German government bond yields headed towards a two-week high on Tuesday with euro zone finance ministers due to meet later in the day to discuss a joint response to help member countries deal with. . .  Full story

Impossible dilemma? World watches Italy as businesses plead to return to work

16h38 Many Italian companies and academics are pressing the government to reopen factories to prevent an economic catastrophe, as the world watches how the first Western country to impose a lockdown can extricate itself from the. . .  Full story

Raw sugar prices climb as oil recovers; cocoa gains

16h37 Raw sugar futures on ICE rose on Tuesday, extending the previous session's gain as oil prices firmed on hopes of supply cuts and signs that the spread of the coronavirus might be starting to. . .  Full story

Latam assets extend gains as slowing coronavirus cases brew optimism

16h35 Latin American assets extended their recovery into a second session on Tuesday, as risk assets were propped up by hopes that the coronavirus outbreak had peaked in several hotspots. Data. . .  Full story

U.S. job openings fall in February, hiring steady

16h28 U.S. job openings fell in February, suggesting the labor market was losing momentum even before stringent measures to control the coronavirus outbreak shuttered businesses, throwing millions out of work.. . .  Full story

Spain wants jobless, immigrants to cover farm shortfall

16h26 Spain moved on Tuesday to tackle a shortfall of farm workers due to the coronavirus crisis by authorizing the temporary hiring of tens of thousands of immigrants or jobless people.. . .  Full story

Millions of aviation jobs at risk, airlines can't afford refunds-IATA

16h24 Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry's representative body said airline finances were so fragile they could not afford to. . .  Full story

Dollar drops, Aussie, Sterling gain as risk appetite increases

16h20 The greenback dropped and riskier currencies, including the Australian dollar, outperformed on Tuesday as risk appetite improved on hopes that lockdowns may be slowing the spread of the coronavirus in some countries.. . .  Full story

Italy's virus-hit sovereign rating faces triple test in a month

16h20 Italy will soon come under scrutiny for a triple review of its sovereign rating - already not too far from non-investment grade - while still reeling from the impact of the coronavirus epidemic.. . .  Full story

Copper belt miners turn to Tanzania as South Africa lockdown hobbles ports

16h19 South Africa's strict coronavirus lockdown has caused miners to divert copper from the country's ports to others in Africa, with Dar es Salaam the clear winner, sources told Reuters.. . .  Full story

Minimal conditions for coronavirus bailout loans would be appropriate -EU lawyers

16h19 The euro zone bailout fund would be permitted to demand only minimal conditions from governments drawing on loans to help them the new coronavirus pandemic, European Council lawyers said in an opinion issued on Tuesday.. . .  Full story

After the dollar drought, a flood: Mike Dolan

16h15 A dollar drought that's defined the financial stress of coronavirus is being met with a dam burst of liquidity from the U.S. Federal Reserve. The resulting flood of dollars could sink the greenback over. . .  Full story

TSX rises for second day on coronavirus slowdown hopes

16h11 Canada's main stock index rose for a second straight session on Tuesday, as gains in oil prices boosted energy stocks, while signs of slowdown in coronavirus fatalities in major economies lifted sentiment.. . .  Full story

Forint jumps as Hungary central bank increases firepower

16h10 The forint jumped to a one-week peak to lead central Europe higher on Tuesday as investor hopes that the corovavirus spread could start to level out boosted riskier assets and Hungary's central bank launched measures. . .  Full story

WeWork sues SoftBank after $3-bln tender offer falls through

16h02 WeWork's owner, The We Company, has sued SoftBank Group, challenging its largest shareholder's decision to terminate a $3 billion tender offer for shares in the office-space sharing firm.. . .  Full story

U.S. Treasury, Fed working on 'Main Street,' municipal loan facilities - Mnuchin

16h01 U.S. Treasury Secretary Steven Mnuchin said on Tuesday that over 3,000 lenders were participating in a new $349 billion small-business coronavirus loan program, and that the Federal Reserve and Treasury were working to set up. . .  Full story

Swiss urge public to stick to anti-virus measures over Easter

16h01 Switzerland's president called on the public to stick with emergency measures designed to halt the spread of the new coronavirus, saying on Tuesday the country remains "very far from normal" ahead of the long. . .  Full story

Honda, Nissan furlough U.S. workers as auto demand plummets

15h59 Honda Motor Co and Nissan Motor Co on Tuesday said they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic slashes demand for cars in the country.. . .  Full story

Poland announces extra $2.7 bln in support for virus-hit economy

15h58 Poland plans additional measures worth over 11 billion zlotys ($2.65 billion) to shield the economy from the effects of the coronavirus pandemic, ministers said on Tuesday.. . .  Full story

EU member states sign off on truck driver reforms

15h55 European Union countries adopted new rules for truck drivers' working conditions on Tuesday, despite several countries calling for the reforms to be halted to help support vulnerable transport firms amid the fallout of the coronavirus. . .  Full story

D.R. Horton pulls forecast as coronavirus crisis dents home demand

15h46 Top U.S. homebuilder D.R. Horton Inc abandoned its full-year financial targets on Tuesday, citing a jump in order cancellations as coronavirus-induced shutdowns left thousands of Americans out of work and worried about their financial future.. . .  Full story

Russia ponders gasoline import ban to protect home market - sources

15h38 Russia is considering a six-month ban on gasoline imports to protect its market from a possible flood of cheap fuel, two government sources said on Tuesday, as measures to contain the coronavirus outbreak have destroyed. . .  Full story

EU ministers hope to agree to half a trillion euro coronavirus rescue

15h36 Euro zone finance ministers hope to agree on Tuesday on half a trillion euros worth of economic aid to finance recovery from the coronavirus, a discussion that has sown divisions as the bloc struggles. . .  Full story

Comex gold stocks leap as price premium pushes higher

15h34 Gold stocks held in New York vaults registered with CME Group have jumped almost 50% since the end of last week after the exchange launched a new contract and a price premium since the. . .  Full story

Canadian dollar climbs to 11-day high amid coronavirus optimism

15h31 The Canadian dollar strengthened to an 11-day high against its U.S. counterpart on Tuesday as investors welcomed a potential slowdown in the spread of the coronavirus pandemic and hopes rose that the world's biggest oil. . .  Full story

FOCUS-Online meal delivery firms knocked off course by coronavirus crisis

15h25 The lockdown of millions of people at home across the globe due to the coronavirus should have been the perfect recipe for success for the burgeoning online meal delivery market.. . .  Full story

Italy's liquidity and anti-takeover scheme to soften coronavirus hit

15h20 Italy approved an emergency decree on Monday that offers guarantees on more than 400 billion euros ($435.44 billion) of possible bank loans to companies hit by the coronavirus crisis.. . .  Full story

Airlines get bailouts amid coronavirus shutdown

15h13 Governments have so far offered more than $100 billion in financial aid to airlines as the industry struggles under growing pressure from coronavirus spread, fleet groundings and revenue loss.. . .  Full story

Slovenia expects large deficit, higher debt after coronavirus

15h07 Slovenia will post a "high" budget deficit and public debt will increase this year due to the coronavirus pandemic, the Fiscal Council, a body that advises the government on public finances, said on Tuesday.. . .  Full story

Ideology may trump the market in Mexican president's energy revamp

15h00 Mexico's leftist president may offer some concessions to pro-market voices in his cabinet when he unveils a $13.5 billion energy plan this week, but likely not enough to attract major investment or to revive. . .  Full story

India's small businesses struggle to pay wages amid coronavirus lockdown

14h58 Hundreds of thousands of cash-starved Indian small businesses have either deferred or cut their workers' wages this month, say industrialists and union leaders, amid a 21-day nationwide lockdown to stem the spread of the coronavirus. . .  Full story

Glencore offers $325 mln for Vicentin's stake in Argentine soy crusher Renova -sources

14h55 Commodities trader Glencore Agriculture has bid $325 million for the minority stake in Argentine soy crushing plant Renova held by bankrupt family-owned company Vicentin, two sources close to the negotiations told Reuters.. . .  Full story

Cineworld suspends dividend, defers pay to cushion virus hit; shares soar

14h53 Cineworld's shares soared 36% on Tuesday after it suspended its dividend and said it was in talks with landlords, film studios and major suppliers to offset the impact of the closure of all its. . .  Full story

Coronavirus lockdowns: can we learn from the 1918 influenza pandemic? Kemp

14h45 Lockdowns have brought most of the world's advanced economies to a near standstill as policymakers fight the coronavirus pandemic by banning all but essential movement outside the home.. . .  Full story

Japan declares state of emergency, nearly $1 trln stimulus for coronavirus

14h44 Japanese Prime Minister Shinzo Abe on Tuesday declared a state of emergency to fight coronavirus infections in major population centres and rolled out a nearly $1 trillion stimulus package to soften the economic blow.. . .  Full story

Investors flock to buy UK debt, despite record supply

14h41 Britain attracted the strongest investor demand since 2005 for its government bonds on Tuesday, when it kicked off a record period of debt issuance to fund higher spending on measures to fight the coronavirus.. . .  Full story

Lebanon Speaker Berri to cbank: people's deposits are "sacred"

14h39 The Speaker of Lebanon's Parliament told Central Bank Governor Riad Salameh on Tuesday that people's bank deposits were "sacred" and must not be touched.. . .  Full story

Kazakhstan lifts ban on fuel exports by rail amid oversupply

14h35 Kazakhstan's Energy Ministry has lifted a ban on railroad exports of gasoline, diesel and jet fuel outside of the Eurasian Economic Union in order to ease domestic oversupply caused by the coronavirus emergency.. . .  Full story

Keep up the fight and stay home, Portugal urges as Easter approaches

14h34 With Easter just around the corner, Portugal's government urged people on Tuesday to keep up the fight against the coronavirus, which has already infected thousands across the country, and told them to stay home. . .  Full story

India to continue prompt fuel exports for at least two more weeks

14h28 Indian refiners are likely to continue prompt export of refined fuels for at least another two weeks to avoid a complete shutdown after the coronavirus lockdown hit local demand, company officials said.. . .  Full story

U.S. natgas futures rise for third day on cool forecasts

14h28 U.S. natural gas futures rose for a third day in a row on Tuesday on a confirmation of forecasts for cooler weather and higher heating demand next week. Traders. . .  Full story

Social groups urge mass debt relief for poor countries hit by virus crisis

14h10 Nearly 140 campaign groups and charities urged the International Monetary Fund and World Bank, G20 governments and private creditors on Tuesday to help the world's poorest countries through the coronavirus crisis by cancelling debt payments.. . .  Full story

China securities watchdog to permit filing delays by virus-hit companies

14h05 Chinese listed companies hard hit by the conoravirus epidemic will be allowed to delay filing annual reports, China's securities regulator said on Tuesday in what it described as a show of "regulatory warmth".. . .  Full story

Global oil companies cut capex by 25%, or nearly $55 bln, on crude price crash

14h02 Major oil producers with operations around the world have cut their 2020 capital spending by about 25%, or nearly $55 billion, data compiled by Reuters showed, following a slump in crude prices.. . .  Full story

Government debt sales hit record $2.1 trln in March in "dramatic" global debt bulge -IIF

14h00 Global sovereign debt issuance has soared to a record $2.1 trillion in March as governments rushed to raise funds to fend off the economic fallout from the COVID-19 pandemic, the Institute of International Finance. . .  Full story

Coronavirus crisis spells trouble for many Egyptian breadwinners

14h00 Squatting with other day labourers under a bridge in Cairo, 48-year-old Yasser Nagi says he has waited in vain for two weeks for work on a construction site so he can feed his family.. . .  Full story

Renewable energy wins over oil and gas in post-coronavirus world: Russell

14h00 Imagine waking up one morning with a deadly tiger snake in your bed. To make matters worse out of the window you notice an approaching bushfire.. . .  Full story