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Volkswagen Mexico says employee died in potential case of COVID-19

Volkswagen Mexico issued a statement saying one of its employees in the country had died in a potential case of coronavirus.

Markets

Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts

Oil climbed on Wednesday, reversing most of the prior session's losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up prices that have tumbled amid the coronavirus pandemic.

Markets

US oil state senators to talk crude markets with Saudi officials Saturday: source

Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials on Saturday, a source familiar with the planning said on Tuesday.

Markets

Wynn, NCR deals a sign of yet more risk returning to bond market

U.S. casino operator Wynn Resorts Ltd and automated teller machines maker NCR Corp jointly raised US$1 billion on Tuesday, in the first unsecured junk-rated bond offerings since the market was roiled by the coronavirus outbreak at the start of March.

Markets

Asian shares poised to follow Wall Street’s rocky lead

Asian stock futures were under pressure on Wednesday after a late, sharp sell-off on Wall Street and as oil prices slumped under pressure from swelling global supplies.

Markets

Levi’s coming back to life in China as stores reopen, online sales rise

Levi Strauss & Co said on Tuesday a majority of its stores in China, where the coronavirus outbreak first emerged in December, were open with sales recovering on a weekly basis and digital sales rising last month.

Markets

Boeing making new 737 MAX software updates to address computer issue

Boeing Co said late on Tuesday it will make two new software updates to the 737 MAX's flight control computer as it works to win regulatory approval to resume flights after the jet was grounded following two fatal crashes in five months.

Markets

Airbnb to terminate US$1 billion credit facility after private equity deal: sources

Airbnb Inc is planning to terminate a US$1 billion credit facility following an investment of the same amount it secured from private equity firms Silver Lake and Sixth Street Partners, people familiar with the matter said on Tuesday.

Markets

Trump says US$70 billion in coronavirus rescue loans authorized. But where’s the cash?

Roughly US$70 billion of a US$350 billion pot of loans to cover the payrolls of ailing small businesses have been originated by U.S. lenders in recent days, President Donald Trump said on Tuesday, adding that that money was "essentially loaned."

Markets

Amazon to suspend delivery service competing with UPS, FedEx

REUTERS: Amazon.com Inc has put on hold a new delivery service that competes with UPS and FedEx, the Wall Street Journal reported on Tuesday (Apr 7), citing people familiar with the matter. Amazon is suspending the service because it needs people and capacity to handle a surge in its...

Markets

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