May delivery for the USA benchmark crude, West Texas Intermediate, is capable of trading at a negative value but never had before Monday's close of the oil market. The consumer sector fell almost 1.8 per cent with shares of Linamar Corp. losing 3.6 per cent and Restaurant Brands International Inc. down 3.3 per cent. [Full Article...]
United Kingdom based HSBC with $598 million and Dutch bank ABN Amro with $299 million are the banks with the largest exposures, according to company filings analysed by S&P Platts. On Friday (17 April), both Hin Leong and Ocean Tankers filed for court protection from creditors as the former is unable to repay its debt. After credit lines were pulled due to financial concerns, reports emerg... [Full Article...]
The use cameras, formerly unreported, demonstrates how America's second-biggest company company is discovering approaches to include the infection' spread without shuttering warehouses necessary to its procedure. Kish says the company has "implemented more than 150 significant process changes to support our teams including increasing rates of pay, adjusting time off and providing temperature check... [Full Article...]
With space to store oil scarce, U.S. benchmark West Texas Intermediate for May delivery ended trading at -$37.63 a barrel ahead of Tuesday's close for futures contracts - when traders who buy and sell the commodity for profit would have had to take physical possession of it. [Full Article...]
He is encouraging all employees to get tested for COVID-19 as soon as possible. Dr. Deena Hinshaw, Alberta's chief medical health officer, said the impact of the illness has grown worse. "I understand the anxiety of having so many positive COVID cases in the community, but I think what's important is those who are not feeling well or ill or have tested positive are staying home and isolating for... [Full Article...]
Part of the package focused on coronavirus testing still needed to be hammered out. The basic outlines of the package include a $310 billion infusion for the tapped-out Paycheck Protection Program , or PPP, created to help small businesses keep workers on their payrolls; $50 billion to $60 billion more for a separate Economic Injury Disaster Loan program; $75 billion for hospitals, with a... [Full Article...]
President Donald Trump accused Democrats on Monday of playing "a very risky political game" by insisting there is a shortage of tests for the coronavirus , and Vice President Mike Pence told governors the federal government is working around-the-clock to help them ramp up testing. [Full Article...]
Manitoba chief public health officer Dr. Brent Roussin said Manitobans should be "cautiously optimistic" during the province's April 17 media briefing, but added risk of the disease was still high. Roussin said the Manitoba government may plan to ease some restrictions as the weeks go by. "As we open up the economy, we have to ensure that our numbers aren't climbing too quickly". [Full Article...]