Bloomberg Oil extended declines as Opec+ warned of a precarious outlook for the market while a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition’s committee meeting called on the group to be proactive in the face of uncertain demand. The comments are strengthening expectations that Opec and its allies will delay plans ...

Bloomberg Cathay Pacific Airways Ltd will cut 6,000 jobs and close its Cathay Dragon brand, the South China Morning Post reported, as part of a strategic review to combat the deep damage caused by the coronavirus pandemic. The Hong Kong-based airline is expected to officially announce the plan after the market close on Wednesday, the newspaper said. It initially planned ...

Bloomberg Southeastern Grocers Inc, the owner of the Winn-Dixie and Fresco supermarket chains that emerged from bankruptcy two years ago, has filed for an initial public offering. The Jacksonville, Florida-based grocer in its filing with the US Securities and Exchange Commission listed an offer size of $100 million, a placeholder that will likely change. Existing investors will be selling some ...