U.S. economy faces historic shock, with 16% joblessness possible, Trump adviser says
By Tim AhmannWASHINGTON (Reuters) - The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic…
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Japan’s MUFG bank plans more staff cuts, totalling 8,000 by 2023: Yomiuri
TOKYO (Reuters) - The banking arm of Mitsubishi UFJ Financial Group Inc (T:8306)is planning to reduce staffing levels by another 2,000…
Facebook’s big India deal portends a bruising time for SoftBank-backed Paytm
By Sankalp Phartiyal and Nupur AnandNEW DELHI/MUMBAI (Reuters) - Facebook's (O:FB) $5.7 billion investment in Reliance (NS:RELI)…
Coronavirus clouds Intel outlook, despite short-term bump from PC buying
By Stephen Nellis and Munsif Vengattil(Reuters) - Intel Corp (O:INTC) on Thursday forecast second-quarter earnings below Wall Street…
Oil rallies on Gulf tensions and output cuts
By Bozorgmehr SharafedinLONDON (Reuters) - Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing…
French lockdown still reducing economic activity by 35%: INSEE
PARIS (Reuters) - A country-wide lockdown in France is still reducing economic activity by 35% from normal levels despite a slight pick-up…
Dollar edges higher against oil currencies as energy markets shaken
By Stanley WhiteTOKYO (Reuters) - The dollar pushed ahead against the currencies of oil producers on Thursday as a rebound in crude…
Australian retail sales surge in March, might avert first-quarter GDP contraction
By Wayne ColeSYDNEY (Reuters) - Australian retail sales surged by the most on record in March as a lockdown for the coronavirus spurred…
Ripple sues YouTube over cryptocurrency scams
By Katie PaulSAN FRANCISCO (Reuters) - Blockchain firm Ripple sued Alphabet (NASDAQ:GOOGL) Inc's YouTube on Tuesday, alleging the…
Oil prices bounce back, U.S. crude futures trade above zero
By Jane ChungSEOUL (Reuters) - Oil prices rebounded on Tuesday, with U.S. crude turning positive after trading below $0 for the first…