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Markets

Explainer: How China’s retail investor army got burned by the shock oil collapse

China's retail investors take punts on everything from mainstream stocks to niche commodities and derivatives, and many were badly burned this week by exposure to U.S. oil contracts which collapsed below zero for the first time, wiping out several small accounts.

Markets

Global oil supply to fall 6per cent by 2030 due to delayed projects: data

Global oil supplies may be 6per cent less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed.

Markets

Eight Thai airlines seek US$770 million government assistance

Thailand’s budget and full-service carriers are seeking soft-loans worth 25 billion baht (US$770.65 million) from the government to support their businesses amid the coronavirus outbreak, an airline executive said on Friday.

Markets

Big Oil investors to look past earnings pain and focus on dividends

Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to save cash and whether they will cut dividends following the collapse in oil prices.

Markets

Futures rise at the end of stormy week

U.S. stock index futures gained on Friday with bargain hunters returning at the end of a tumultuous week marked by a record collapse in oil prices and growing evidence of the economic damage from the coronavirus pandemic.

Markets

Here’s why you can’t find frozen fries, while US farmers are sitting on tons of potatoes

Shopper Lexie Mayewski is having a hard time finding frozen french fries in Washington, D.C.-area supermarkets in the wake of coronavirus-fueled stockpiling.

Markets

COVID-19 boosts sales for French pharma giant Sanofi

French pharmaceutical giant Sanofi said Friday that its first quarter sales surged in part due to stockpiling of the painkiller Doliprane, as other companies around the world struggle during the coronavirus pandemic.

Markets

Tesla’s China-made Model 3 prices rise after EV subsidies cut

U.S. electric vehicle maker Tesla Inc raised prices for two China-made model 3 variants after authorities cut subsidies in the world's biggest auto market.

Markets

French court to rule on Amazon union spat as vendors struggle

A French court will on Friday decide whether to back Amazon's appeal against an order to restrict the goods it can deliver, which led it to close its warehouses in France and left many small firms struggling to ship products.

Markets

China: cyber attacks on anti-pandemic institutions should be condemned

China said on Friday that cyber attacks against institutions fighting the coronavirus pandemic should be condemned around the world.

Markets

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