Brent crude was up $1.21 cents, or 3.9 per cent at $32.34 a barrel after touching $32.44 the highest since April 14
IEA trims dire predictions as lockdowns begin to ease
Oil rich country’s investment fund to exclude Anglo American and Glencore
Investors fear negative interest rates despite Powell’s statements
The jobless rate in the first quarter fell to 7.8 per cent from 8.1 per cent in the fourth quarter
Chinese tech giant has bumper quarter
The previous record budget deficit for any month was $235 billion in February 2020
MSCI’s index of global shares down 0.3 per cent
State-backed giant remains dominant but burdened by dividend
UK gross domestic product fell by 5.8 per cent in March compared with the previous month, the largest drop since 1997
Faced with limited output and weak demand, Toyota is eyeing a colossal $13.95bn hit from a fall in global vehicle sales in 2020
Chesapeake Energy struggles to cope with plunge in demand for oil caused by coronavirus and effects of recent Russo-Saudi price war
America’s largest bank approves exchange accounts for Coinbase and Gemini
Oil prices have climbed back from recent low, bolstered by further production cuts and hopes for higher demand as lock-down restrictions are eased. But American experts warn it will be 18 months before US fuel demand returns to pre-crisis levels.
