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Petrobras Warns Economy Has Changed Forever as It Books Massive Impairment

2020-05-15 14:53:46| OGI

The company wrote off the entire value of its shallow-water assets and said it did not expect to resume production at six high-cost production assets currently for sale.

Tags: books changed economy forever

 

Fed warns of slow recovery without more virus relief

2020-05-14 01:31:45| BBC News | Business | UK Edition

The comments by the head of America's central bank come as the US debates additional relief.

Tags: slow recovery virus relief

 
 

US Regulator Warns of Return to Negative Oil Prices

2020-05-14 00:00:00| OGI

Commodity Futures Trading Commission urges market infrastructure providers to brace for future sub-zero drops in the U.S. benchmark WTI oil contract.

Tags: return prices negative oil

 

Tui warns of 8,000 job losses as it cuts costs

2020-05-13 09:35:00| BBC News | Business | UK Edition

The travel firm says earnings will be significantly lower because of the coronavirus pandemic.

Tags: job costs losses cuts

 

US economic recovery will be slow, warns retail economist

2020-05-11 13:35:00| Daily apparel & textile news and comment - from just-style.com

With some retailers starting to open stores in the US, economic recovery from the coronavirus pandemic is likely to be gradual and will vary by location, an economist has warned.

Tags: economic retail slow recovery

 

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