(Reuters) – U.S. stock indexes tumbled on Wednesday as investors worried over the absence of immediate measures from President Donald Trump’s administration to counter the economic fallout from the coronavirus outbreak. The Dow Jones Industrial
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U.S. senator says Trump administration mulling use of oil reserve to help crude producers
WASHINGTON (Reuters) – U.S. Senator John Thune said on Wednesday he believes the Trump administration is evaluating use of the Strategic Petroleum Reserve, and other measures, to help oil producers deal with the plunge in
Read moreBoeing to draw down billions in loan cash as pressure builds
(Reuters) – Boeing Co (BA.N) is planning to draw down the rest of a $13.8 billion loan it agreed last month, a source told Reuters on Wednesday, as the coronavirus outbreak adds to pressure on
Read moreBoeing plans full drawdown of $13.8 billion loan: Bloomberg News
(Reuters) – Boeing Co (BA.N) is planning a full drawdown of a $13.8 billion loan as early as Friday, as the U.S. based plane-maker struggles with worldwide travel disruptions from the coronavirus, Bloomberg reported on
Read moreUAE joins Saudi in opening oil taps as row with Russia slams crude prices
DUBAI (Reuters) – The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC producers raised the stakes in a standoff
Read moreTelefonica, TIM plan joint bid for Oi's mobile business in Brazil
BRASILIA (Reuters) – Shares in Telefonica Brasil SA (VIVT4.SA) and TIM Participações SA (TIMP3.SA) rose in the morning trading as both companies said they are planning a joint offer to buy the mobile unit of
Read moreStock rebound runs out of steam despite emergency BoE cut
LONDON (Reuters) – The rebound in stocks ran out of steam on Wednesday despite the Bank of England joining other central banks in cutting interest rates, as investors weighed up whether coordinated monetary and fiscal
Read moreExplainer: Coronavirus fears hit the market hard. How much did ordinary Americans lose?
NEW YORK (Reuters) – The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United
Read moreAdidas sees $1.1 billion coronavirus hit to China sales, Puma warns on profit
BERLIN (Reuters) – German sportswear makers Adidas (ADSGn.DE) and Puma (PUMG.DE) warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were early signs of improvement
Read moreOil falls $1 as price war escalates with Saudi plan for higher output capacity
LONDON (Reuters) – Oil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia’s plans to boost oil production capacity for the first time in more than a decade and weakened demand due
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