Google Alert - Business

	Business Daily update ⋅ May 26, 2020
	NEWS
	CNBC Oil is on track for its best month ever after rebound, but traders say it's 'not out of the woods' CNBC West Texas Intermediate has rallied more than 70% in May, putting it on track for its best month on record. Prices are still roughly 50% below their January high of $65.65, however. An improving demand outlook as well as ongoing supply cuts have fueled the ... Flag as irrelevant
	Reuters China's 'hermit' investors fill doubled oil storage with crude bet Reuters SINGAPORE/SHANGHAI (Reuters) - Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them. FILE PHOTO: Oil and gas tanks are seen ... Flag as irrelevant
	Wall Street Journal Steep Drop in Trade Flows Shows Pitfalls of Cross-Border Supply Chains Wall Street Journal Global trade flows tumbled in the first quarter, a preview of what could be the largest contraction in international commerce in decades, as the coronavirus pandemic causes policy makers and multinationals to reconsider globe-spanning supply chains that ... Flag as irrelevant
	Forbes "On Pause": Offshore Oil Industry Faces Its Biggest Setback In Years Forbes On any given day over the last four years, there have been around 20 oil drilling rigs somewhere in the Gulf of Mexico, tearing through submarine rock in search of oil. Last week, there were just 12, according to data from oil services firm Baker Hughes BHI . Flag as irrelevant
	Reuters Germany stamps authority on Lufthansa with $9.8 billion lifeline Reuters FRANKFURT/BERLIN (Reuters) - Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. FILE PHOTO: Aircraft of the German carrier ... Flag as irrelevant
	Wall Street Journal Regulator Says Europe's Banks Are Stronger, but Some May Not Weather Crisis Wall Street Journal Europe's banks have built enough buffers to face the effects of the coronavirus pandemic, but not all will be able to weather a sharp fall in profitability as loans turn sour and the cost of raising funds rises, a banking regulator said Monday. In its first assessment ... Flag as irrelevant
	Reuters UK Lufthansa and German government agree $9.8 billion rescue package Reuters UK FRANKFURT/BERLIN (Reuters) - The German government and Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout. FILE PHOTO: Aircraft of the German carrier ... Flag as irrelevant
	Wall Street Journal NYSE's Floor to Reopen With Masks, Coronavirus Waivers and Handshake Ban Wall Street Journal The New York Stock Exchange is set to reopen its famed trading floor Tuesday, but it won't be going back to normal. Only one-quarter of the NYSE's usual population of traders will be back when the floor resumes business after a two-month closure prompted ... Flag as irrelevant
	Wall Street Journal Bank of Canada Chief Says Significant Stimulus Needed to Rebuild Economy Wall Street Journal OTTAWA—The Bank of Canada anticipates providing the economy with sizable stimulus for the foreseeable future to help the country rebuild from the damage caused by the pandemic, Governor Stephen Poloz said Monday. He said he believes Canada's ... Flag as irrelevant
	Forbes Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020 Forbes You could be forgiven for being a little foxed with the oil market right now, especially if the West Texas Intermediate (WTI) is your preferred futures benchmark to monitor. On April 20 ahead of the expiry of the May contract, it suffered the ignominy of negative oil ... Flag as irrelevant
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