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Articles from Reuters

RSS feedDisplaying articles 1 - 10 of most recent articles

Wall St. gains as oil recovery eclipses record weekly jobless claims Wall Street bounced on Thursday as a recovery in oil prices outweighed the shock of weekly jobless claims soaring past 6 million.
Reuters | 7 minutes ago | comment? | recommend
Lights, camera, audit: accountants grapple with remote company check-ups As audit season begins for British companies, some auditors stuck at home in coronavirus lockdown are turning to cameras to check clients' inventories, plant and equipment for compiling annual accounts.
Reuters | 8 minutes ago | comment? | recommend
Saudi Arabia calls for emergency oil meeting, sending weak crude prices higher Saudi Arabia called on Thursday for an emergency meeting of OPEC, Russia and other oil producers to stabilise the oil market, which has been in turmoil since a deal on supply curbs collapsed and Riyadh began pumping extra crude into an oversupplied market
Reuters | 18 minutes ago | comment? | recommend
U.S. weekly jobless claims blow past 6 million mark The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million last week as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into
Reuters | 19 minutes ago | comment? | recommend
Instant View: Weekly US jobless claims top 6 million for first time The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say ha
Reuters | 19 minutes ago | comment? | recommend
Virus forces Luxottica to break Italian August holiday tradition Eyewear maker Luxottica said it would cut to just one week its customary August closure, a move which other firms may seek to replicate to relaunch production after the forced shutdown in the current coronavirus crisis.
Reuters | 23 minutes ago | comment? | recommend
Oil soars by most on record after Trump says Saudis and Russians to cut output Oil prices soared over 30% - on track for the most in a day on record - following reports U.S. President Donald Trump expects Russian President Putin and the Saudi Crown Prince to announce an oil production cut of 10 million to 15 million barrels.
Reuters | 25 minutes ago | comment? | recommend
'Dear Elon': Ukraine takes up Tesla's ventilator offer via Twitter Ukraine has taken to Twitter to ask Elon Musk to send it ventilators after the billionaire chief executive of Tesla Inc offered to ship them across the world during the coronavirus pandemic.
Reuters | 33 minutes ago | comment? | recommend
Russia does not rule out returning to oil talks with Saudi Arabia Russian Energy Minister Alexander Novak said on Thursday that Moscow may return to oil negotiations with Saudi Arabia after talks collapsed last month, which, coupled with the spread of the new coronavirus, dragged oil prices to their 18-year lows.
Reuters | 35 minutes ago | comment? | recommend
Planemakers brace for sharp cuts in wide-body output: sources Planemakers are looking at drastic cuts in wide-body production amid a slump in demand for the industry's largest jetliners, manufacturing and supplier sources said on Thursday.
Reuters | 53 minutes ago | comment? | recommend