By Elizabeth Howcroft LONDON, May 8 (Reuters) - Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies. The positive mood stands in sharp contrast to the economic data. U.S. unemployment numbers due later on Friday are expected to...
LONDON, May 8 (Reuters) - Currencies closely linked to global trade rose on Friday boosted by news that U.S. and Chinese negotiators had agreed to strengthen cooperation over a trade deal and as more governments slowly reopened their economies. Top U.S. and Chinese trade representatives discussed their Phase 1 trade...
TOKYO (Reuters) - Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would move to cut output and the United States approved another package to cope with the turmoil caused by the coronavirus outbreak. Brent crude LCOc1 was up 24 cents,...
By Gabriela Baczynska and Francesco Guarascio BRUSSELS, April 21 (Reuters) - European Union leaders meeting are on Thursday expected to defer a final decision on how to finance the bloc's economic recovery in the aftermath of the coronavirus pandemic, diplomats and officials said. The 27 national leaders have already clashed over...
By Laila Kearney The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity. The contract for West Texas intermediate crude,...
By Jeff Mason WASHINGTON, April 20 (Reuters) - President Donald Trump said on Monday he will suspend all immigration into the United States temporarily through an executive order in response to the coronavirus outbreak and to protect American jobs. The move, which the Republican president announced on Twitter, effectively achieves a...
BEIJING, April 21 (Reuters) - The World Health Organization warned on Tuesday that any lifting of lockdowns to contain the spread of the novel coronavirus must be gradual, and if restrictions were to be relaxed too soon, there would be a resurgence of infections. Lockdown measures have proved effective, and...
By Rania El Gamal and Vladimir Soldatkin DUBAI/MOSCOW, April 10 (Reuters) - Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies and will push the United States and other producers to remove a...
By Josh Smith and Sangmi Cha SEOUL, April 10 (Reuters) - South Korean officials on Friday reported 91 patients thought cleared of the new coronavirus had tested positive again. Jeong Eun-kyeong, director of the Korea Centers for Disease Control and Prevention (KCDC), told a briefing that the virus may have been...
By John Miller ZURICH, April 9 (Reuters) - Drugs being re-purposed in hopes they will help against COVID-19 cost little to make but may prove challenging to produce in quantities needed for a pandemic, a drug pricing expert said. "Any pharmaceutical company manufacturing any treatment currently in clinical trials against coronavirus...