U.S. six-month deficit rises to $744 billion ahead of virus budget storm in April
WASHINGTON (Reuters) – The United States racked up a $744 billion budget deficit in the first half of fiscal 2020, up 8% from a year earlier, the Treasury said on…
Trump agrees to help Mexico meet global oil cut target
WASHINGTON/MEXICO CITY (Reuters) – U.S. President Donald Trump said on Friday he would help Mexico contribute to global oil output reductions, in a surprise move that could break an impasse…
Saudi, others resist Mexican plan to make small oil output cuts – sources
DUBAI (Reuters) – Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global…
Saudi crown prince, Russia’s Putin discuss efforts to stabilize oil markets: SPA
CAIRO (Reuters) – Saudi Arabia’s Crown Prince and Russian President Vladimir Putin reviewed in a telephone conversation on Friday the efforts to achieve stability of energy markets to support the…
Saudi-Mexican clash halts record oil cut deal despite Trump pressure
MOSCOW/LONDON/DUBAI (Reuters) – Top oil nations struggled to finalise record output cuts at G20 talks on Friday to boost prices slammed by the coronavirus crisis, as Saudi Arabia clashed with…
U.S. approves $168 billion of small business loans under coronavirus plan: Kudlow
FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a “small business relief update” video conference call event with banking executives to discuss the U.S. government’s rescue…
Boeing hires Lazard, Evercore to assess government aid or private loans: source
WASHINGTON (Reuters) – Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter confirmed…
Honeywell renews $1.5 billion revolving credit agreement
FILE PHOTO – A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse (Reuters)…
Boeing supplier furloughs 2,300 employees on closure of Boeing facilities amid COVID-19
(Reuters) – U.S. aero parts maker Triumph Group Inc (TGI.N) said it was furloughing about 2,300 employees across its U.S. and European plants for two to four weeks to cut…
Apple, Google plan software to slow virus, joining global debate on tracking
(Reuters) – Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of…