Bloomberg Alberta Energy Minister Sonya Savage said the Canadian government needs to release its aid package for the country’s energy industry soon as companies struggle with the Covid-19 pandemic and oil-price crisis. The package may include liquidity for companies and measures to help speed up the cleanup of old wells, Savage saidduring an online presentation. Bill Morneau, the federal finance …

Bloomberg Uniper SE and Siemens AG said they will develop a hydrogen business in an effort to slash fossil-fuel pollution from industrial processes. Uniper’s Chief Executive Officer Andreas Schierenbeck said his utility will seek to gradually replace coal and natural gas with hydrogen at some of its power generation plants. It will also adapt its gas pipelines and storage sites …

Bloomberg US coal production will fall even more sharply than expected this year as the coronavirus forces businesses to close down, dragging down demand for electricity. Mines will supply about 537 million tons of coal this year, down 22% from 690 million tons last year, the US Energy Information Administration (EIA) said. A month ago, before lockdown orders took effect …

Bloomberg European stocks fell after a late-session drop on Wall Street and as the region’s finance chiefs failed to reach a deal on an economic response to the coronavirus. US equity-index fluctuates and the dollar gained. The euro and Italian bonds also took a hit after European Union officials struggled to reconcile contrasting visions for the steps needed to help …

Bloomberg As analysts struggle to assess India Inc.’s corporate earnings and debt-servicing capabilities amid the nationwide lockdown due to the coronavirus pandemic, they have begun relying on alternative indicators to inform their investment recommendations. Equity analysts speaking in interviews with Bloomberg highlighted measures ranging from volatility and cash levels to daily infection numbers and technical charts. So far, the drop …

Bloomberg Indonesia’s central bank said the New York Federal Reserve will provide it with a $60 billion repurchase facility to help with liquidity needs amid a dollar shortage triggered by the coronavirus outbreak. Bank Indonesia has no plan yet to use the facility, Governor Perry Warjiyo told investors on a conference call. The agreement on the credit line was a …

Bloomberg As risk assets regain their mojo amid optimism the coronavirus spread is beginning to level off, Bitcoin’s back above $7,000. The largest cryptocurrency gained as much as 6.4% to $7,193, its highest in nearly a month. That’s its biggest one-day gain in two weeks and caps a near 11% rally for Bitcoin so far in April. “Risk-on mode was …

Bloomberg Republic Bank Ghana Ltd. is urging the government to cut tax rates to cushion the economy from the fallout of the coronavirus. The government should consider easing corporate-income tax to 20% from 25% and give workers relief, Benjamin Dzoboku, the Accra-based lender’s general manager for finance and strategy, said by phone. Banks, insurers, telecommunications firms, breweries and miners pay …

Bloomberg The Federal Reserve said it will create a program to help speed the flow of funds to small companies through the government’s coronavirus stimulus, marking its latest step to shield the US economy from the pandemic. The facility will provide term financing to banks against loans issued under the Small Business Administration’s Paycheck Protection Program, the Fed said in …

Bloomberg New Zealand’s central bank is open to increasing the size and scope of its asset-purchase program to boost stimulus as the coronavirus pandemic threatens to throw the economy into a deep recession. “We’re in a rapidly evolving situation, the assessment of the economy in financial markets is moving very quickly, and that’s what we will have to take into …