News Wire

Tokyo lockdown would have 'huge' impact on economy - Nishimura

04h12 A lockdown of major Japanese cities like Tokyo and Osaka to halt the spread of the coronavirus would have a "huge" impact on the economy, Yasutoshi Nishimura, the country's economy minister, said on Tuesday.. . .  Full story

Australian shares rise on financials, but poised for record monthly drop

04h11 Australian shares extended gains on Tuesday, helped by quarter-end balancing and on measures to slow the spread of the coronavirus outbreak and contain its economic impact, but the benchmark index was poised for its. . .  Full story

China March factory activity unexpectedly expands, but outlook still grim

04h10 Factory activity in China unexpectedly expanded in March after contracting sharply to a record low, but the rapid global spread of the coronavirus is expected to keep businesses and the overall economy under heavy pressure. . .  Full story

Airlines must suggest possible U.S. compensation for grants -Treasury

04h09 The U.S. Treasury Department issued guidelines on Monday to airlines and airport contractors as it prepares to quickly hand out $32 billion in cash assistance.. . .  Full story

Most regionals rise marginally; Taiwan dollar, Thai baht lead gains

04h08 The following table shows rates for Asian currencies against the dollar at 0204 GMT. CURRENCIES VS U.S. DOLLAR Currency. . .  Full story

Corn prices set for biggest quarterly loss in 5-1/2 years

04h04 U.S. corn futures edged up on Tuesday as traders squared positions ahead of two widely watched reports, though prices were poised for their biggest quarterly loss in more than five years as the coronavirus. . .  Full story

Pandemic to hit growth in Asia, China -World Bank

03h57 The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday.. . .  Full story

Japan PM, Deputy PM to avoid same meetings as precaution vs virus infection

03h56 Japan's prime minister and deputy prime minister will avoid attending the same meeting as a precaution against coronavirus infection, a government spokesman said on Tuesday.. . .  Full story

Tencent-backed online education firm Yuanfudao raises $1 bln in new round

03h50 Chinese online education platform Yuanfudao said on Tuesday it has raised $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.. . .  Full story

Japan's factory output slows, plunge seen as virus grips economy

03h49 Japan's industrial output rose in February at a slower pace than the previous month and factories expect production to plunge in March, adding to growing signs the coronavirus pandemic is taking a toll on. . .  Full story

Copper rebounds as China's factories unexpectedly return to growth

03h46 Copper prices rose on Tuesday, with Shanghai copper touching a near two-week high, as top consumer China surprisingly reported an expansion in factory activities this month. The Purchasing Managers' Index for. . .  Full story

Gold prices set for sixth straight quarterly gain

03h23 Gold prices eased on Tuesday as the U.S. dollar held firm, while fears of further economic fallout from the coronavirus pandemic provided some supported to bullion, which is on track to post its sixth. . .  Full story

Asia shares edge up, China factories show flicker of life

03h23 Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down.. . .  Full story

China's service sector activity expands in March after virus shock - official PMI

03h19 China's services activity expanded in March after slumping to a record low the previous month, but business is expected to take some time to return to normal as the economy struggles to recover from. . .  Full story

Instacart, Amazon workers strike as labor unrest grows during coronavirus crisis

03h15 Warehouse, delivery and retail gig workers in the United States went on strike on Monday to call attention to safety and wage concerns for people laboring through the coronavirus crisis.. . .  Full story

G20 financial chiefs to discuss steps on virus Tuesday -Japan finmin

03h02 Financial leaders from the Group of 20 major economies will discuss ways on Tuesday to proceed with concrete steps to respond to the coronavirus, Japanese Finance Minister Taro Aso said.. . .  Full story

Crude rises after U.S., Russia agree to oil market talks

02h55 Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stablising energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand.. . .  Full story

Layoffs in corporate Australia and New Zealand as coronavirus crisis deepens

02h52 The coronavirus outbreak has virtually shut down corporate Australia and New Zealand, forcing companies to throw out their strategic plans and resulting in thousands of layoffs or staff suspensions.. . .  Full story

China cbank adviser suggests China not set GDP growth target this year

02h50 China should not set an economic growth target this year given the high level of uncertainty from the coronavirus pandemic and avoid having to resort to "flood-like stimulus" to meet the goal, a central. . .  Full story

Dollar gains on Japanese demand before fiscal year end, pandemic weighs on mood

02h45 The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the. . .  Full story

Rio Tinto to scale back NZ aluminium smelter due to virus

02h23 Rio Tinto Ltd said on Tuesday its Tiwai smelter in New Zealand will scale back some operations to ensure the health and safety of its workers and comply with government restrictions on containing the coronavirus.. . .  Full story

Samsung says chip factory worker tests positive for virus, output not affected

02h22 Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected.. . .  Full story

U.S. senators urge coronavirus delay to June 1 USMCA trade deal start date

02h22 A bipartisan group of 19 U.S. senators urged the Trump administration to push back the planned June 1 start date for the new U.S.-Mexico-Canada trade pact, saying the short lead time would add to. . .  Full story

NZ business confidence plunges in March on coronavirus worries

02h07 New Zealand business confidence plummeted to a near record low in March over fears of the economic impact of the coronavirus pandemic, an ANZ Bank survey showed on Tuesday.. . .  Full story

Shell drops out of major U.S. LNG project, Energy Transfer delays decision

02h03 Royal Dutch Shell Plc pulled out of a major U.S. liquefied natural gas (LNG) export plant under development following the recent crash in energy prices, quickly followed by its partner, Energy Transfer LP, delaying its. . .  Full story

Japan Feb retail sales rise 1.7% year/year

01h53 Japanese retail sales rose 1.7% in February from a year earlier, compared with a median market forecast for a 1.2% decline, government data showed on Tuesday.. . .  Full story

Brazil's Bolsonaro urges no more coronavirus quarantine, says jobs being lost

01h52 Brazil's President Jair Bolsonaro said on Monday that there can be no more quarantine measures imposed on the country than those already in place to combat coronavirus because jobs are being destroyed and the poor. . .  Full story

Airbnb to pay out $250 mln to hosts to help ease coronavirus cancellation pain

01h34 U.S. home rental firm Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic.. . .  Full story

Japan's jobless rate steady at 2.4% in February - govt

01h33 Japan's jobless rate held steady while the availability of jobs dropped in February, government data showed on Tuesday.. . .  Full story

S.Korea's Feb factory output contracts most in over 11 years

01h28 South Korea's factory output contracted at its sharpest pace in more than 11 years in February, official data showed on Tuesday, adding to evidence of a sharp economic blow from the coronavirus pandemic.. . .  Full story

American Airlines seeking up to $12 billion from aid package -memo

01h17 American Airlines Holdings Inc intends to apply for up to $12 billion in government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees. . .  Full story

UK business confidence crashes on coronavirus hit - Lloyds

01h01 Confidence among British companies slumped in the second week of March as the coronavirus crisis gathered pace but before the government shut much of the economy to slow its spread, according to a survey. . .  Full story

U.S., Russia agree to oil market talks as Trump calls price war 'crazy'

00h49 U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday to have their top energy officials discuss slumping global oil markets, the Kremlin said, as Trump called Russia's price. . .  Full story

World Bank urges G20 to refrain from export restrictions for pandemic supplies

00h47 The World Bank on Monday urged the Group of 20 major economies (G20) to refrain from imposing new export restrictions on critical medical supplies, food or other key products as the world battles the. . .  Full story

Crude prices in key U.S., European markets scrape new lows as supply glut looms

00h39 Physical crude prices slumped worldwide on Monday, falling faster than comparable benchmark futures as merchants offered big discounts on shipments and the market braced for a flood of oil from Saudi Arabia and Russia.. . .  Full story

U.S. commercial paper rates fall as Fed's interventions take hold

00h29 Rates on U.S. short-term corporate loans fell on Friday, suggesting that investors had begun to respond to the Federal Reserve's interventions to return liquidity to the market, according to data released on Monday by the. . .  Full story

G20 ministers agree to keep markets open, tackle pandemic supply disruptions

00h20 Trade ministers from the Group of 20 major economies agreed on Monday to keep their markets open and ensure the continued flow of vital medical supplies, equipment and other essential goods as the world battles. . .  Full story

Virgin Australia seeking government loan to weather coronavirus crisis -source

00h12 Virgin Australia Holdings Ltd is seeking a government loan of A$1.4 billion ($863.38 million) to help it weather the coronavirus crisis, a person with knowledge of the matter said on Tuesday.. . .  Full story

LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads

00h06 LendingClub Corp on Monday cut loan approval rates for some high-risk borrowers and increased income and employment verification requirements, in a sign that alternative lenders could pull back from lending as the coronavirus crisis deepens.. . .  Full story

U.S. hog futures tumble by expanded daily limit, cattle ease

00h01 U.S. lean hog futures on Monday sank by an expanded daily limit and cattle futures weakened on increased concerns that slaughterhouses will close due to the spread of the coronavirus.. . .  Full story

American Airlines to apply for up to $12 bln in gov't aid - memo

30/03 American Airlines Holdings Inc intends to apply for up to $12 billion government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on. . .  Full story

Two Texas shale producers ask state to curtail oil output

30/03 Texas shale producers Pioneer Natural Resources and Parsley Energy on Monday formally asked Texas regulators to curtail oil production for the first time in nearly 50 years.. . .  Full story

Virgin Australia in talks with government about support for airline industry

30/03 Virgin Australia Holdings Ltd said on Tuesday it was in talks with government about support needed for the airline industry if the coronavirus crisis is prolonged.. . .  Full story

Credit Suisse weighs curbing bonuses at time of coronavirus -CEO

30/03 Credit Suisse bank could restrain 2020 bonuses in a show of unity with victims of the coronavirus epidemic in Switzerland, Chief Executive Thomas Gottstein said on Monday.. . .  Full story

Ford, GE to produce 50,000 ventilators in 100 days

30/03 Ford Motor Co said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric's healthcare unit, and can then build 30,000 per. . .  Full story

Benchmark yield recovers in late trading

30/03 Longer-term U.S. Treasury yields recovered from lows in late trading on Monday as investors looked to some positive healthcare news and took signs from a stock market rally. The benchmark 10-year. . .  Full story

Australia shares poised to open higher, NZ up

30/03 Australian shares are likely to open higher on Tuesday, tracking gains on Wall Street, with the $80 billion wages subsidy stimulus package announced on Monday expected to continue to lift investor sentiment amid the coronavirus. . .  Full story

Latest on the spread of the coronavirus around the world

30/03 Countries affected by the novel coronavirus entered another week of strict quarantine and several nations introduced new economic stimulus to aid citizens and companies hit by the pandemic.. . .  Full story

Another plunge takes crude benchmarks to lowest levels since 2002

30/03 Global oil benchmark Brent crude plunged to its cheapest level in almost 18 years on Monday and U.S. crude briefly tumbled below $20 a barrel as investors faced the growing prospect that the global. . .  Full story

Fiat Chrysler executives, salaried employees to take pay cuts during coronavirus pandemic

30/03 Fiat Chrysler Automobiles NV's top executives and salaried workers around the globe will take pay cuts in an act of "shared sacrifice" brought on by the coronavirus pandemic that has shuttered the automaker's plants in. . .  Full story

Coronavirus could force GM to delay its redesigned 2021 SUVs

30/03 General Motors Co told suppliers on Monday that it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and could delay the planned launch in. . .  Full story

Macy's, Kohl's, Gap turn to mass furloughs as virus crisis deepens

30/03 Major U.S. retailers Macy's Inc, Kohl's Corp and Gap Inc said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread. . .  Full story

Visa transaction volumes hurt as coronavirus crisis deepens

30/03 Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter.. . .  Full story

J&J, Moderna sign deals with U.S. to produce huge quantity of possible coronavirus vaccines

30/03 The U.S. government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to prepare them to produce massive quantities of coronavirus. . .  Full story

Oil pipeline, producer standoff prompts new call for Texas shale curbs

30/03 As a weekend standoff over oil shipments emerged between Texas pipeline operators and shale producers, a state energy regulator has renewed his controversial call for mandated 10% cuts to address a growing a crude glut.. . .  Full story

S.Korea business sentiment suffers worst monthly fall in 17 years

30/03 South Korean businesses sentiment suffered its worst monthly fall in 17 years as firms fretted over the coronavirus pandemic and the impact on demand at home and from abroad, a central bank survey showed.. . .  Full story

Air Canada to furlough employees as coronavirus slams industry

30/03 Air Canada said on Monday it will cut second quarter capacity by 85%-90%, place about 15,200 unionized employees off duty and furlough about 1,300 managers as the coronavirus pandemic takes a toll on global. . .  Full story

Air New Zealand to lay off 3,500 employees as virus halts travel

30/03 Air New Zealand said on Tuesday nearly a third of its employees, about 3,500, will be laid off in the coming months, as it grapples with severe global travel curbs due to the coronavirus. . .  Full story

FCA executives, salaried employees to take pay cuts during coronavirus pandemic

30/03 Fiat Chrysler Automobiles NV's top executives and salaried workers around the globe will take pay cuts in an act of "shared sacrifice" brought on by the coronavirus pandemic that has shuttered the automaker's plants in. . .  Full story

Bulgaria revises 2020 budget to run fiscal deficit of 2.9%/GDP

30/03 Bulgaria revamped its fiscal plans to run a deficit of 2.9% of economic output this year and raised the ceiling on new debt it can raise to 10 billion levs ($5.65 billion) due to. . .  Full story

Workers go on strike at Amazon delivery site in Italy amid coronavirus

30/03 Around one-third of those working at an Amazon delivery station in central Italy went on strike on Monday, a union representative said, citing a request for enhanced safety measures for workers amid the coronavirus health. . .  Full story

U.S. to finalize fuel efficiency rewrite through 2026 -sources

30/03 The Trump administration plans to announce on Tuesday it is finalizing its effort to roll back Obama era vehicle emissions rules and will mandate average annual increases in fuel efficiency standards of 1.5% through 2026,. . .  Full story

Corn slumps as ethanol makers feel coronavirus constraints

30/03 U.S. corn futures fell more than 1% on Monday on slowing grain demand from ethanol makers, as tightening coronavirus pandemic travel restrictions limited demand for the biofuel.. . .  Full story

Wall Street rallies, led by healthcare jump

30/03 U.S. stocks rose on Monday, led in part by healthcare stocks as investors looked for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread. . .  Full story

World equity markets edge higher; oil plunges to 2002 lows

30/03 Global equity benchmarks rose on Monday despite a drop in oil prices to their lowest levels since 2002, as central banks and the United States tried to contain damage from the rapidly spreading coronavirus. . .  Full story

Canadian pension scheme CDPQ to help coronavirus-hit firms with C$4 billion fund

30/03 Caisse de dépôt et placement du Québec (CDPQ), one of Canada's biggest state pension investors, said on Monday it would create a C$4 billion fund to support companies in Québec advers. . .  Full story

Russia sets up oil company as Rosneft leaves Venezuela

30/03 Russia has sets up an oil company called Roszarubezhneft just as energy giant Rosneft sold its business in Venezuela to an undisclosed company owned by the Russian government, the data for the state registry showed. . .  Full story

Russia's Transneft settles part of dirty oil claims with Total

30/03 Russian oil pipeline monopoly Transneft said on Monday it has partially settled claims with French energy major Total over contaminated oil that flooded the Soviet-built Druzhba pipeline in April 2019.. . .  Full story

Mexico's peso leads Latam FX lower, Stocks edge up

30/03 Mexico's peso led Latin American currencies lower on Monday as a strong dollar and sinking oil prices weighed, with further pain seeming apparent as the coronavirus outbreak rattled the global economy.. . .  Full story

EU clears 1.75 bln euro Estonian aid schemes for virus-hit firms

30/03 EU state aid regulators approved on Monday two Estonian schemes with a budget of 1.75 billion euros ($1.93 billion) to help companies hit by the coronavirus outbreak, similar to other proposals cleared recently in other. . .  Full story

JPMorgan plans to raise up to $10 bln for alternative investments - source

30/03 JPMorgan Chase & Co's alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, a source familiar with the matter said. . .  Full story

AmEx to avoid job cuts as it rides out coronavirus storm

30/03 American Express Co will avoid job cuts in 2020 as the credit card issuer "rides out the storm" brought on by the coronavirus pandemic, Chief Executive Officer Steve Squeri said in a video . .  Full story

Loonie gives back some of last week's rally as oil prices slide

30/03 The Canadian dollar weakened against its U.S. counterpart on Monday as the price of oil fell and the greenback climbed against a basket of major currencies, with the loonie giving up some of the. . .  Full story

U.S. dollar gains as global easing gives temporary respite

30/03 The dollar advanced on Monday, snapping a week of declines, as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus pandemic.. . .  Full story

BP will not cut jobs over next three months - CEO Looney

30/03 Oil major BP PLC will not cut jobs over the next three months, Chief Executive Officer Bernard Looney said, even as the company seeks to reduce spending following an oil price crash.. . .  Full story

G20 trade ministers meet by video to tackle coronavirus disruptions

30/03 Trade ministers from the Group of 20 major economies agreed on Monday to keep their markets open and ensure the continued flow of vital medical supplies, equipment and other essential goods as the world battles. . .  Full story

Israel to spend 80 bln shekels to help economy cope with coronavirus crisis

30/03 Israel will spend 80 billion shekels ($22 billion) to help the economy weather the coronavirus crisis and the finance minister said he expected a gradual return of business activity after the Passover holiday next month.. . .  Full story

Europe aims for quick economic response to coronavirus crisis

30/03 The European Union is likely to focus on tools offered by the euro zone's ESM bailout fund and the European Investment Bank in its economic response to the coronavirus epidemic, so that they can. . .  Full story

Gold rises as coronavirus spreads, U.S. restrictions fuel safe-haven bids

30/03 Gold prices inched up on Monday after an extension of restrictions in the United States exacerbated concerns about the economic toll of the coronavirus pandemic, driving investors to safe-haven assets. Spot. . .  Full story

Egypt's Sisi calls for boost of strategic food reserves during coronavirus outbreak

30/03 Egyptian President Abdel Fattah al-Sisi has told the relevant authorities to boost strategic reserves of staple goods, a presidency spokesman said on Monday, as global concerns about food security rise amid the coronavirus crisis.. . .  Full story

Poland's PGNiG wins $1.5 bln in court battle with Gazprom

30/03 Poland's largest gas distributor PGNiG said on Monday that an international arbitration court had ruled that Russian gas giant Gazprom must pay it about $1.5 billion in a pricing dispute case.. . .  Full story

Egypt's 2020-21 draft budget is based on oil at $61 per barrel

30/03 Egypt's 2020-21 draft budget is based on an oil price of $61 per barrel, the finance ministry said on Monday, down from $68 in the current budget which ends on June 30 but around. . .  Full story

Highlights of Canada's stimulus measures to fight coronavirus outbreak

30/03 * Export Development Canada and Business Development Bank to get additional C$12.5 billion ($8.82 billion) to provide guaranteed loans to small- and medium-sized businesses.. . .  Full story

Fimalac to provide new financing for Casino's holding company

30/03 French financial group Fimalac has agreed to provide new financing facilities for Rallye , the holding company behind supermarket retailer Casino which has been under pressure to cut its debts.. . .  Full story

Bostic: Fed programs could be broadened if they have missed important parts of economy

30/03 As U.S. officials role out trillions of dollars in new economic support, a Federal Reserve policymaker on Monday said focus will now shift to whether those programs prove adequate or need to be expanded. . .  Full story

Exor stake values U.S.-based Via Transportation at $2.25 bln

30/03 Italy's Exor said on Monday it had agreed to pay $200 million for an 8.87% stake in U.S.-based shared mobility company Via Transportation, in what would be the first step by the Agnelli family's. . .  Full story

Coronavirus drives U.S. March auto sales off a cliff

30/03 U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further. . .  Full story

U.S. markets watchdog Clayton says SEC should not ban short-selling of shares

30/03 The head of the U.S. Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures the agency might take to arrest a market rout. . .  Full story

Montenegro introduces lockdown to fight coronavirus

30/03 Montenegro introduced a lockdown on Monday to curb the spread of the coronavirus, which has infected dozens in the small Adriatic republic.. . .  Full story

Morocco's Bank of Africa posts 5% profit rise for 2019

30/03 Bank of Africa (BOA), one of Morocco's biggest lenders with operations in Africa and Europe, on Monday reported a 5% rise in 2019 net profit of 1.9 billion dirhams ($193 million).. . .  Full story

Brazil 2020 budget deficit to balloon to 4.5% of GDP

30/03 Brazil's budget deficit this year is set to balloon to just over 350 billion reais ($68 billion), Treasury Secretary Mansueto Almeida said on Monday, as revenue falls and spending rises due to measures to. . .  Full story

North American oil producers slash budgets by about 30% amid crude price rout

30/03 North American oil and gas producers have cut their 2020 budgets by about 30%, or more than $25 billion, data compiled by Reuters showed, following a slump in crude prices.. . .  Full story

-Harley-Davidson settles board fight with investor Impala

30/03 Harley-Davidson Inc said on Monday it settled a board fight with Impala Asset Management just days after the investor began pressing to replace two directors at America's oldest and best-known motorcycle maker.. . .  Full story

Brazil's Bolsonaro flags democracy threat from coronavirus

30/03 Brazil's President Jair Bolsonaro stepped up his stand-off with state governments on Monday by suggesting that democracy could be at risk if the coronavirus crisis leads to social chaos.. . .  Full story

Hungary's PM wins emergency powers to fight coronavirus

30/03 Hungary's parliament granted nationalist Prime Minister Viktor Orban the right to rule by decree on Monday to fight the coronavirus, ignoring calls by opponents and rights groups to put a timeframe on the extra powers.. . .  Full story

Dollar may be set for another damaging bout of strength

30/03 If the 2008 financial crisis is any guide, world markets - which have barely had time to recover from the dollar's 9% surge in mid-March - may be set for another damaging bout of. . .  Full story

U.S. companies lay out plans for employees amid coronavirus pandemic

30/03 Rocked by the coronavirus pandemic, Corporate America is rushing to revise its hiring plans and taking a hard look at staff incentives as the outbreak leads to shuttering of businesses, travel bans and. . .  Full story

Poland vote could be postponed if safety not guaranteed -president

30/03 Poland should consider postponing presidential elections scheduled for May 10 if health and safety conditions can't be guaranteed, Poland's President Andrzej Duda said on Monday.. . .  Full story

Swiss wealth manager Vontobel feeling impact of virus spread, oil shock

30/03 Swiss asset and wealth manager Vontobel said on Monday it is feeling the negative effects of the spread of the coronavirus and the oil price shock.. . .  Full story

Poland's PKN readies Lotos concessions as EU concerns loom

30/03 Polish oil refiner PKN Orlen said it is ready to present concessions on its planned Lotos purchase once European Union competition regulators set out their concerns.. . .  Full story

-Putin, Trump order their energy ministers to discuss oil - Kremlin

30/03 Russian President Vladimir Putin and U.S. President Donald Trump discussed oil and the spread of the coronavirus in a phone call on Monday, and ordered their energy ministries to hold further talks on global. . .  Full story

Standard Chartered freezes hiring, warns of bonus cuts - memo

30/03 Standard Chartered has told staff it is freezing all external and internal hiring for two months and signalled it is likely to cut bonuses for 2020, as the Asia and Africa-focused lender grapples with. . .  Full story