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US senators press Saudi officials to put oil cut in motion

Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.

Markets

Mexican president’s nationalist oil vision fuels standoff with Saudis

The biggest supply cut ever contemplated by the world's top oil producers is hanging in the balance as a refusal by Mexico's leftist leader to imperil his plans to rebuild state oil company Pemex has angered the Saudi prince who helped craft the deal.

Markets

Airlines want US Treasury to scrap proposal to make some grant money repayable

Major U.S. airlines were urging Treasury officials and the federal government's outside advisers on Saturday to scrap or revise a proposal that would make part of the US$25 billion earmarked by Congress to help keep workers on the payroll repayable in the form of low-cost loans.

Markets

JPMorgan Chase to raise mortgage borrowing standards as economic outlook darkens

JPMorgan Chase & Co , the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption.

Markets

Macy’s taps Lazard to bolster finances as coronavirus saps sales: Sources

Macy's Inc has hired investment bank Lazard Ltd to explore options for bolstering its finances after the department store operator lost most of its revenue as it shut down all its stores as a result of the coronavirus outbreak, people familiar with the matter said.

Markets

Exclusive: JPMorgan Chase to raise mortgage borrowing standards as economic outlook darkens

JPMorgan Chase & Co , the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption.

Markets

Commentary: Farmers hold key to feeding Asia amid COVID-19 restrictions

As food security comes into sharper focus this pandemic, paying attention to the challenges of smallholders may be the best way to identify and tackle fresh challenges, say two observers

Markets

Congressional Republicans reject Democratic call for broader coronavirus relief

The two top Republicans in the US Congress vowed on Saturday to oppose Democrats' demands to boost a proposed US$250 billion bill to aid small businesses during the coronavirus pandemic by adding money for hospitals and state and local governments.

Markets

Exclusive: Macy’s taps Lazard to bolster finances as coronavirus saps sales – sources

Macy's Inc has hired investment bank Lazard Ltd to explore options for bolstering its finances after the department store operator lost most of its revenue as it shut down all its stores as a result of the coronavirus outbreak, people familiar with the matter said.

Markets

Staff mailboxes at Italy’s Monte dei Paschi suffer hacker attack: document

Hackers have accessed the mailboxes of some employees at Italian state-owned bank Monte dei Paschi ‹BMPS.MI› and sent emails to clients, according to a notice to customers seen by Reuters.

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