Business News

U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO

Reuters Biz News - Fri, 04/24/2020 - 17:29
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country combats the coronavirus pandemic, congressional forecasters said on Friday.
Categories: Business News

Angola's Sonangol begins selling assets in firms

Reuters Company News - Fri, 04/24/2020 - 17:26
Angolan state oil company Sonangol said on Friday it has opened a public tender to sell its stakes in some private firms as part of a government bid to privatise key state assets including parts of Sonangol itself by 2022.
Categories: Business News

UPDATE 2-Twitter allows Trump COVID-19 disinfectant videos, blocks '#InjectDisinfectant'

Reuters Company News - Fri, 04/24/2020 - 17:17
Twitter Inc said on Friday video clips of U.S. President Donald Trump suggesting that scientists investigate inserting light or disinfectant into coronavirus patients did not violate its COVID-19 misinformation policy.
Categories: Business News

U.S. oil ETF increases exposure to September contracts as market volatility persists

Reuters Company News - Fri, 04/24/2020 - 17:09
The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, increased its exposure to September crude oil futures contracts, according to a filing on Friday.
Categories: Business News

UPDATE 10-Oil rises, but ends wild week lower as coronavirus slashes fuel demand

Reuters Company News - Fri, 04/24/2020 - 17:06
* In third week of losses, Brent falls 24% and WTI off around 7%
Categories: Business News

UPDATE 2-Brazilian markets sink as Moro resignation ignites political crisis

Reuters Company News - Fri, 04/24/2020 - 16:56
Brazil's currency, stocks and bonds sank on Friday, lashed by a deepening political crisis as the resignation of the country's popular justice minister prompted investors already nervous about the teetering economy to sell heavily across the board.
Categories: Business News