Paris Club creditors agree to cancel $1.4 billion of Somali debt

The Paris Club of creditor nations agreed on Tuesday to restructure Somalia's debt, including immediately canceling $1.4 billion owed by the impoverished Horn of Africa country.

from Reuters: World News https://ift.tt/2QXBLDN

Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve

The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the Strategic Petroleum Reserve (SPR), as it tries to comply with President Trump's directive to fill the facility to capacity, two industry sources said.

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U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic.

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Trump says he may join Saudi, Russia in talks on oil prices

U.S. President Donald Trump said on Tuesday he would join Saudi Arabia and Russia, if need be, for talks about the sharp fall in oil prices resulting from a price war between the two countries.

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U.S. backs minimum flights on airline routes in assistance review

The U.S. Transportation Department on Tuesday proposed that passenger airlines should be required to maintain minimum numbers of flights as a condition for receiving aid from the government's $50 billion grant and loan fund.

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Xerox abandons $35 billion hostile bid for HP

U.S. printer maker Xerox Holdings Corp walked away from its $35 billion hostile cash-and-stock bid for HP Inc on Tuesday, after the coronavirus outbreak weighed on its campaign to take over the PC and printing equipment manufacturer.

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FACT CHECK: Should People Cover Their Faces With Scarves Like Trump Said?

FACT CHECK: Should People Cover Their Faces With Scarves Like Trump Said?
In a briefing with the coronavirus task force, President Trump answered a question about a supply shortage of masks by suggesting that the public wear scarves instead.

Map: Tracking The Spread Of The Coronavirus In The U.S.

Map: Tracking The Spread Of The Coronavirus In The U.S.
Cases of COVID-19 have appeared throughout the country, but certain areas have been hit harder than others. Find out how many cases and deaths have been reported in each state.

Mexico's Pemex to maintain oil output amid falling demand, prices

Mexican national oil company Petroleos Mexicanos will maintain crude production levels, the company said on Tuesday, as the coronavirus pandemic has eroded fuel demand around the world and oil prices dropped to historic lows.

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Petrobras Director Ana Lucia Pocas Zambelli resigns -filing

Brazilian oil giant Petroleo Brasileiro SA said in a filing on Tuesday that Director Ana Lucia Poças Zambelli has resigned from the board, citing personal reasons.

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Standard General calls on Tegna to open books to remaining bidders

Standard General, the hedge fund battling for board seats at Tegna Inc, called on the U.S. regional TV station operator on Tuesday to open its books to two bidders still interested in acquiring the company amid the coronavirus crisis.

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UPDATE 3-Independent worker group calls for Whole Foods 'sick out' over coronavirus

An independent group of workers at Whole Foods Market called on colleagues to phone in sick to the grocer's stores on Tuesday to protest what they say is a lack of adequate compensation and protections from the coronavirus.

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U.S. rushes to build makeshift hospitals as death toll rises by 800

The U.S. government raced on Tuesday to build hundreds of makeshift hospitals near major cities to ease the strain on overwhelmed healthcare systems as President Donald Trump predicted a "very painful" two weeks ahead.

from Reuters: Health News https://ift.tt/2R082do

Chicago Public Health Commissioner: 'We Want To Be Ahead Of This'

Chicago Public Health Commissioner: 'We Want To Be Ahead Of This'
Experts worry about new hotspots in cities including Chicago. Dr. Allison Arwady says the city is relatively well prepared but would still not be able to handle the predicted wave of hospitalizations.

Who's Sickest From COVID-19? These Conditions Tied To Increased Risk

Who's Sickest From COVID-19? These Conditions Tied To Increased Risk
A Centers for Disease Control and Prevention report finds 78% of COVID-19 patients in the U.S. requiring admission to the intensive care unit had at least one underlying condition.

UPDATE 3-TC Energy moves forward with Keystone XL pipeline after Alberta commits $1.1 bln, shares rise

TC Energy Corp on Tuesday said it would start construction on the $8 billion Keystone XL pipeline after securing financial backing for the project from the Alberta government, pushing the long-delayed pipeline closer to fruition.

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UPDATE 6-U.S. crude rises after 18-year lows prompt U.S.-Russia talks plan

* Trump and Putin agree to talks on energy market stabilisation

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