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Updated: 2 hours 42 min ago

Mexican miner Grupo Mexico posts $369.2 mln loss in 1st-qtr

Fri, 04/24/2020 - 19:08
Mexican mining and transport firm Grupo Mexico registered a net loss of $369.2 million during the first quarter of this year, the company said in a filing with the Mexican stock exchange on Friday. (Reporting by Noe Torres; Editing by Sandra Maler)
Categories: Business News

UPDATE 6-As U.S. coronavirus death toll tops 51,000, handful of states move toward reopening

Fri, 04/24/2020 - 18:50
With the U.S. coronavirus death toll topping 51,000 and nearly one in six workers out of a job, Georgia, Oklahoma and several other states took tentative steps at reopening businesses on Friday, despite disapproval from President Donald Trump and medical experts.
Categories: Business News

UPDATE 1-U.S. oil ETF cuts July contract exposure post CME order to limit holding

Fri, 04/24/2020 - 18:48
The United States Oil Fund LP, the largest oil-focused exchange-traded product in the country, cut its exposure to July crude futures contracts and increased its exposure to September contracts, according to a filing on Friday.
Categories: Business News

AutoNation returning $77 mln in U.S. payroll assistance coronavirus relief loans

Fri, 04/24/2020 - 18:45
AutoNation Inc, the largest U.S. auto dealership chain, said on Friday it will return $77 million it received in forgivable loans from the U.S. Paycheck Protection Program (PPP) meant to help struggling small businesses and employees during the coronavirus outbreak.
Categories: Business News

UPDATE 3-Canada to help pay commercial rents for Main Street, issue guidelines to open economy

Fri, 04/24/2020 - 18:26
Canada will help small businesses with rent payments and craft guidelines for regions less affected by the coronavirus outbreak to open their economies, Canadian Prime Minister Justin Trudeau said on Friday.
Categories: Business News

UPDATE 3-Disinfectant makers steer consumers away from Trump's coronavirus comments

Fri, 04/24/2020 - 18:17
Makers of household cleaners on Friday took the unusual step of urging people not to drink or inject their products, after U.S. President Donald Trump suggested researchers try using them to cure COVID-19 patients.
Categories: Business News

Angola's Sonangol begins selling assets in firms

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'

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

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

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

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