NEW DELHI : With fuel demand recovering due to the easing of lockdown restrictions and Brent crude oil trading above $40, state-run fuel retailers today increased the price of petrol and diesel by 60 paise a litre each. This is the first time in around 80 days …
See Original Article

A lot has changed during this coronavirus or COVID-19 pandemic, including how credit card companies are reacting — in both good and bad ways. “Credit card companies are nervous,” Ted Rossman, an industry analyst for Creditcards.com and …
See Original Article

BOGOTA (Reuters) – The numbers of active oil rigs, which are key for exploration efforts, have fallen dramatically across much of Latin America since restrictions to tackle the coronavirus were implemented, according to figures published by Baker Hughes on …
See Original Article

Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. J.C. Penney filed for …
See Original Article

McMillon announced Friday the company will commit $100 million over five years to create a new center on racial equity. He said the center will “seek to advance economic opportunity and healthier living,” outlining steps it will take to address systemic issues.
See Original Article