UK finance minister says GDP may fall by up to 30% amid virus crisis: paper

(Reuters) – Britain’s gross domestic product (GDP) could fall by up to 30% between April and…

Coronavirus pandemic to test China’s unemployment safety net

By Gabriel Crossley and Cheng Leng BEIJING (Reuters) – The coronavirus pandemic is expected to cause…

Oil agreement could support stocks, providing a floor

By SinĂ©ad Carew (Reuters) – An agreement by oil-producing nations on Sunday to cut output by…

Virgin Galactic to run as a critical infrastructure business during pandemic

(Reuters) – Billionaire Richard Branson’s space tourism company Virgin Galactic Holdings Inc <SPCE.N> will keep running…

Fed’s Kashkari says U.S. economy faces ‘long, hard road’ to recover from coronavirus

(Reuters) – The U.S. economic recovery from the disruptions caused by the novel coronavirus outbreak will…

EU’s Vestager says EU nations should buy stakes to block Chinese takeovers: FT

(Reuters) – The European Union’s competition chief told the Financial Times that member countries should buy…

OPEC+ agrees largest ever oil output cut of 9.7 million bpd: sources

LONDON (Reuters) – OPEC, Russia and other oil producing nations agreed on Sunday to cut output…

Pakistani prime minister appeals for debt relief to combat coronavirus fallout

ISLAMABAD (Reuters) – Pakistan has appealed to international stakeholders for urgent debt relief for developing countries…

OPEC, allies to confer on Sunday to try to end standoff over cuts plan: sources

DUBAI (Reuters) – OPEC and its allies will hold a virtual meeting on Sunday evening in…

U.S. senators press Saudi officials to put oil cut in motion

(This April 11 story has been refiled to replace “boost” with “cut” in paragraph six.) By…

Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one

By Ann Saphir and Lindsay Dunsmuir SAN FRANCISCO/WASHINGTON (Reuters) – As the U.S. Federal Reserve rolls…

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

By Jessica DiNapoli and Mike Spector NEW YORK (Reuters) – Macy’s Inc <M.N> has hired investment…