Debt-stricken Chesapeake Energy to advance incentive executive payChesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to ensure they are motivated, even as it prepares to file for bankruptcy protection to tackle its nearly $9 bil…Read More
Asian shares inch higher, new wave of infections a worryAsian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.
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Oil prices fall 1% as glut weighs
Oil prices fall 1% as glut weighs
Oil prices opened about 1% lower on Sunday as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even as some governments began to ease l…Read More
Qantas pauses plane deliveries from Airbus, Boeing due to virusQantas Airways Ltd said on Monday it had advised Airbus SE and Boeing Co that it did not expect to take delivery of any new planes in the near term as it grapples with a plunge in demand due to the coronavirus pandemic.
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Oil prices drop amid supply glut, fears of 2nd coronavirus waveOil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world's top producers.
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