Crude extended gains in Asia after Russia said that it was prepared to reduce output to help stabilize the market before a meeting of top producers later on Thursday.
The International Monetary Fund is going into overdrive heading into its spring meetings next week as the global pandemic spurs urgent aid requests from a record number of developing countries.
Prime Minister Boris Johnson is heading for a third night in the critical care unit where his condition is improving, as officials draw up plans to extend the lockdown in an attempt to control the U.K.’s growing coronavirus crisis.
The decade-long surge in foreign-exchange reserves among emerging markets is coming to an end, highlighting the danger posed by future currency depreciation.
UBS Group AG allocated $2 billion for loans through the Paycheck Protection Program to help U.S. small businesses navigate the economic shutdown caused by the coronavirus pandemic.
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