Markets

The oil price collapse that took U.S. crude prices sub-zero for the first time in history may turn out to be a silver lining for the world economy, possibly offering a springboard for recovery when coronavirus lockdowns finally end.

Kraft Heinz will extend for two weeks a US$100 per week stipend for factory workers producing its packaged foods during the COVID-19 pandemic, the company said on Wednesday.

Auto retail sales in the United States are beginning to recover from a massive slump in March due to the outbreak of the coronavirus and nationwide stay-at-home orders, according to analysts at research firm J.D. Power on Wednesday.

The founder of Continental Resources Inc , an ally of U.S. President Donald Trump, is pressing the U.S. commodity markets regulator and the exchange to probe whether market manipulation or system failure was behind this week's unprecedented plunge in U.S. crude futures.

SAN FRANCISCO: Apple Inc is planning to fix a flaw that a security firm said may have left more than half a billion iPhones vulnerable to hackers. The bug, which also exists on iPads, was discovered by Zuk Avraham, chief executive of San Francisco-based mobile security forensics company ZecOps...

Investment firm Sycamore Partners is seeking to end its deal to buy a stake in L Brands Inc's lingerie brand Victoria's Secret, citing business decisions the retailer took during the coronavirus pandemic, a court filing on Wednesday showed, sending the company's shares down over 20per cent.

The U.S. housing regulator on Wednesday announced its second step in as many days to help ease the liquidity strain in the mortgage market.

STUTTGART: Mercedes-Benz is ramping up engine production at its plant in Bad Cannstatt, Stuttgart, this week after Germany eased lockdown measures in a sign Europe's largest economy is getting back to work after the coronavirus brought the country to a standstill. Daimler , parent company of ...

Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more.

The head of the U.S. securities regulator on Wednesday warned investors against putting money into Chinese companies as they rebalance their portfolios following market turmoil due to ongoing problems with those companies' disclosures.