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Renault seeking 4-5 billion euros in state-backed loans
Consumer products and services news icon
| April 10th | 2020  4:46AM
Renault seeking 4-5 billion euros in state-backed loans
PARIS (AP) — Renault says it is seeking billions in state-backed loans, cancelling its dividend for 2019 and its chairman is taking a pay cut, as the French automaker tries to weather the coronavirus crisis. Jean-Dominique Senard’s pay will be cut by 25% for the second quarter of 2020. But interviewed Friday on RTL radio, the chairman…
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The Latest: Boris Johnson's father: PM needs to 'rest up'
The Latest: Boris Johnson's father: PM needs to 'rest up'
| April 10th | 2020  4:31AM
The Latest: Boris Johnson's father: PM needs to 'rest up'
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — Good Friday observed at home as Japan virus divide surfaces. …
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Southeast Asian ministers endorse plans for pandemic fund
Economy news icon
| April 10th | 2020  4:01AM
Southeast Asian ministers endorse plans for pandemic fund
MANILA, Philippines (AP) — Southeast Asian foreign ministers have endorsed the setting up of a regional fund to respond to the coronavirus pandemic and discussed a planned video summit of their leaders with counterparts from China, Japan and South Korea. The Department of Foreign Affairs in Manila said Friday that the top diplomats of…
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The Latest: Large donation of malaria drug being tested
Lifestyle news icon
| April 10th | 2020  3:56AM
The Latest: Large donation of malaria drug being tested
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — Large donation of malaria drug being tested for treatment against virus. …
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Mexican standoff imperils proposed 10M-barrel OPEC+ oil cut
Mexican standoff imperils proposed 10M-barrel OPEC+ oil cut
| April 10th | 2020  3:51AM
Mexican standoff imperils proposed 10M-barrel OPEC+ oil cut
DUBAI, United Arab Emirates (AP) — A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico's agreement. A marathon videoconference call between…
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The Latest: Easter observed at home, economies hit hard
Economy news icon
| April 10th | 2020  3:02AM
The Latest: Easter observed at home, economies hit hard
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — Easter observed at home, world economies hit hard by coronavirus. …
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OPEC: Oil deal starting with 10M barrel cut hinges on Mexico
Oil and gas industry news icon
| April 10th | 2020  2:50AM
OPEC: Oil deal starting with 10M barrel cut hinges on Mexico
DUBAI, United Arab Emirates (AP) — A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico's agreement. OPEC and other producers met via video…
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Saudi Arabia says 10M-barrel-a-day cut starts OPEC+ deal
Energy industry news icon
| April 10th | 2020  2:39AM
Saudi Arabia says 10M-barrel-a-day cut starts OPEC+ deal
DUBAI, United Arab Emirates (AP) — OPEC said Friday that a proposed cut to oil production “is conditional on the consent of Mexico” after a marathon teleconference ended without a decision. The statement Friday from OPEC confirmed figures earlier offered by Saudi Arabia. The proposal calls for a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year.
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OPEC says a proposed cut to oil production 'is conditional on the consent of Mexico' after marathon teleconference
Energy industry news icon
| April 10th | 2020  2:34AM
OPEC says a proposed cut to oil production 'is conditional on the consent of Mexico' after marathon teleconference
DUBAI, United Arab Emirates (AP) — OPEC says a proposed cut to oil production 'is conditional on the consent of Mexico' after marathon teleconference.
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Asian shares steady after Wall St caps best week since 1974
Asian shares steady after Wall St caps best week since 1974
| April 10th | 2020  2:30AM
Asian shares steady after Wall St caps best week since 1974
BANGKOK (AP) — Asian shares are steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis. Many regional markets were closed for Easter weekend holidays. Japan's Nikkei 225 index advanced, gaining 0.8% to 19,326.78.
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Saudi state TV: OPEC deal includes 10M barrel a day cut
Saudi state TV: OPEC deal includes 10M barrel a day cut
| April 10th | 2020  1:49AM
Saudi state TV: OPEC deal includes 10M barrel a day cut
DUBAI, United Arab Emirates (AP) — A proposed reduction in oil production by OPEC and other oil-producing countries involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, Saudi Arabia said Friday as the deal hung in the balance. OPEC and other producers met via video conference…
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The Latest: Japanese leaders press PM to hasten measures
The Latest: Japanese leaders press PM to hasten measures
| April 10th | 2020  1:49AM
The Latest: Japanese leaders press PM to hasten measures
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — Japanese leaders press prime minister to hasten emergency measures. …
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Saudi state TV: OPEC deal includes 10M barrel per day cut
Energy industry news icon
| April 10th | 2020  1:35AM
Saudi state TV: OPEC deal includes 10M barrel per day cut
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Oil-producing nations seek global deal to stabilize market
Government and politics news icon
| April 10th | 2020  12:24AM
Oil-producing nations seek global deal to stabilize market
MOSCOW (AP) — Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude in a bid to limit a crash in prices that, while welcome for consumers, has been straining government budgets and pushed energy companies toward bankruptcy. Late Thursday OPEC and Russia reportedly had reached a tentative deal to cut production by 10 million barrels per day for two months.
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The Latest: South Korea reports 27 new coronavirus cases
Lifestyle news icon
| April 10th | 2020  12:13AM
The Latest: South Korea reports 27 new coronavirus cases
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — South Korea reports 27 new cases, 9th straight day below 100. …
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UN urges governments to tackle recession, scrap debt payment
UN urges governments to tackle recession, scrap debt payment
| April 10th | 2020  12:12AM
UN urges governments to tackle recession, scrap debt payment
UNITED NATIONS (AP) — More than 60 U.N. agencies and international organizations urged governments on Thursday to take immediate steps to address the unfolding global recession and financial crisis wrought by the coronavirus pandemic, especially in the world’s poorest countries. The U.N.-led Inter-Agency Task Force on Financing for Development…
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Add Levi's To Your Watchlist
News Icon
| April 9th | 2020  1:00AM
Add Levi's To Your Watchlist
In the middle of a 50% bounce in their stock price off the lows of last week, Levi Strauss & Co (NYSE: LEVI) released their Q1 earnings after Tuesday’s session. Their EPS and revenue both came in ahead of analyst expectations with the latter showing almost 6% growth year on year. Given the current economic environment, being able to post any…
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Costco’s 9% Comp Is A Strong Buy
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| April 9th | 2020  1:00AM
Costco’s 9% Comp Is A Strong Buy
Stay At Home Trends Will Linger Long Into The Future Retail has been a big spotlight during the pandemic for more reasons than one. The sector is about as diverse as it can be, ranging from staple items folks need every day to discretionary items we just don’t have to have. What is becoming more and more clear is that, while this pandemic continues…
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Where McDonald's (MCD) Stock Goes Next May Depend on Where Wendy's (WEN) Goes
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| April 9th | 2020  1:00AM
Where McDonald's (MCD) Stock Goes Next May Depend on Where Wendy's (WEN) Goes
Of all the things we've lost in the midst of this coronavirus outbreak—the ability to go into a store when we pleased as opposed to some kind of ranked schedule, the ability to sit down and enjoy a meal somewhere other than our homes, and so on—the ability to enjoy a Big Mac would seem to be one of those that would never fade away. However,…
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