(Reuters) - Facebook Inc (FB.O) beat analysts’ estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April. Shares of the company, which owns WhatsApp and Instagram, were up 9% in extended trading. Advertisers have pulled or cut marketing budgets to [...]
(Reuters) - Tesla Inc (TSLA.O) on Wednesday posted its third quarterly profit in a row, but said the novel coronavirus was hurting deliveries and lockdown restrictions made it impossible for the electric carmaker to provide guidance for the full year. Tesla said it could not predict how quickly vehicle manufacturing and global supply chains [...]
(Reuters) - With much of the world living in lockdown, the spread of the new coronavirus, SARS-CoV-2, that was first detected in China late last year is beginning to slow in some places. As of April 12, 1.8 million had been infected and 115,000 killed by COVID-19, the disease caused by the virus. While [...]
NEW YORK (Reuters) - The Canadian dollar was slightly weaker against its U.S. counterpart on Monday, as oil prices were largely unmoved by a landmark deal by OPEC and its allies to cut output. The Canadian dollar CAD=D4 was at C$1.3968 to the greenback, or 71.56 U.S. cents, weaker than Friday’s close of C$1.3953, [...]
(Reuters) - Small and medium-sized businesses in Canada, which have been affected by the ongoing coronavirus crisis, will be able to access interest-free loans of up to $40,000 to meet their cash requirements, according to the Canadian Bankers’ Association. Under the new federal plan, businesses will be able to apply for loans online and [...]
OTTAWA (Reuters) - Canada’s coronavirus death toll is set to soar from the current 435 to as high as 22,000 by the end of the pandemic, health officials said on Thursday, while the economy lost a record 1 million jobs last month. Officials outlined the two most likely scenarios, showing that between 11,000 and [...]
NEW YORK (Reuters) - Global equity benchmarks gained on Thursday following signs that governments and central banks are taking additional steps to bolster their economies as measures to slow the spread of the COVID-19 pandemic appear to be working. Oil futures surged again on expectations that Russia and OPEC countries were prepared to cut [...]
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite many medical experts saying that closures and social distancing measures will need to stay in place for longer to defeat the coronavirus. Asked on CNBC whether he thought President Donald [...]
TORONTO/OTTAWA (Reuters) - Many Canadian small businesses reeling from losses due to the coronavirus outbreak may be ineligible for federal government and bank aid designed to help them survive, industry experts say, with several already shuttered or rapidly running out of cash. The measures include a number of government-backed loan options for small businesses, [...]
(Reuters) - Canadian Natural Resources Ltd (CNQ.TO), Canada’s biggest oil producer, would support any commitment by the federal government to cut oil production as long as it was applied fairly to the industry, company president Tim McKay said on Wednesday. “We supported curtailments here in Alberta to help balance the market when you have [...]