Wells Fargo Bank branch is seen in New York

U.S, energy chief does not see coronavirus hitting China purchases under trade deal

WASHINGTON (Reuters) – U.S. Energy Secretary Dan Brouillette said on Thursday he does not expect the coronavirus outbreak – which has sharply curbed world oil demand – to affect China’s agreement in the recent trade deal to buy more than $50 billion in U.S. oil, gas and coal over two years. The virus’ impact on […]

StanChart expects record fall in global oil demand in 2020

(Reuters) – Standard Chartered on Tuesday said it expects global oil demand to decline by a record amount in 2020 citing the rapidly spreading coronavirus and the travel restrictions imposed to contain it. The bank expects the year-on-year fall in demand at 10.4 million barrels per day in April and average annual demand to fall […]

Toyota union to seek smaller pay rise in 2020 vs last year: NHK

TOKYO (Reuters) – Toyota Motor Corp’s <7203.T> labour union plans to seek an average pay rise of 10,100 yen ($91.98) per month in wage negotiations this year, public broadcaster NHK reported on Thursday, 600 yen less than the increase granted last year. The smaller request by Japan’s corporate bellwether could be a setback for the […]