Saudi Arabia is the winner from oil's historic price plunge, analysts say
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, analysts told CNBC on Tuesday.
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, analysts told CNBC on Tuesday.
Benchmark Brent and U.S. oil futures for June delivery plunged to around two-decade lows on Tuesday, a day after U.S. May futures sank into negative territory for the first time in history as demand tumbled due to the coronavirus crisis.
U.S. stock index futures resumed their slide on Tuesday as gloomy quarterly earnings reports and a historic collapse in U.S. crude prices to below zero raised the spectre of a deep global recession in the coming months.
There are a number of things to take into account when deciding if you should roll over your 401(k) from a former employer.
Canadian exercise apparel brand Lululemon issued statements on Tuesday apologising for, and distancing itself from, a T-shirt design promoted by one of its art directors that triggered outrage and accusations of racism online.
It took Lucio and Meera Santoro 35 years to build up their London design company and just a week to watch it fall apart.
Global stocks fell on Tuesday, a day after U.S. crude oil prices turned negative for the first time ever, as dismal corporate earnings underlined worries about economic damage from the coronavirus pandemic.
Primark owner Associated British Foods will not pay an interim dividend to save cash during the coronavirus crisis and has booked a 284 million pound ($352 million) charge to reflect an expected lower value of stock when its stores reopen.
Primark owner Associated British Foods' decision not to pay an interim dividend to shareholders was "absolutely the right thing to do" given the coronavirus crisis, its boss said on Tuesday.
A verdict in a case involving U.S. e-commerce giant Amazon will be issued by the Court of Appeal in Versailles on April 24, a French judge said on Tuesday.
Lawmakers and former officials are making a last ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that Washington suspects of human rights abuses or threatening U.S. security, according to sources and documents seen by Reuters.
Senators from both major U.S. parties are pressing the Federal Reserve to say more about the role that climate considerations could play in its asset purchase programs, showing the new focus of investors on environmental considerations.
Investors are once again crowding into a narrow range of technology and internet stocks, heightening concerns that the market's dramatic bounce from last month's lows is becoming increasingly vulnerable to sharp reversals as the coronavirus outbreak continues to batter the economy.
SoftBank Group's planned $22.5 billion share buyback presents an attractive buying opportunity but it is not a clear longterm investment, said a London-based investor that has built up a small stake.
Coca-Cola Co said on Tuesday its expected current-quarter results to take a hit as restaurants, theaters and other venues that represent about half of the company's revenue remain closed because of the coronavirus pandemic.