According to sources with knowledge of the matter, the US automakers plan to continue the current shutdown of automobile production in the United States into April.
On Tuesday, the Spanish government spokeswoman Maria Jesus Montero said that the state would guarantee up to 80% of SME bank loans to help curb the economic impact of the coronavirus crisis.
Chevron Corp shares jumped by 21% on Tuesday after the company announced a spending cut of $4 billion, which was much deeper analysts than expected.
According to the Financial Times report on Tuesday, Facebook Inc is in negotiations with Reliance Industries to acquire a 10% stake in telecom unit.
S&P Dow Jones Indices revealed on Tuesday that company share buybacks are expected to decline in Q1 of 2020.
On Tuesday, the government of the United Kingdom stated that airlines should seek capital in the financial markets.
Various global airlines urged their governments for a bail out, as they estimated to suffer $250 billion in losses in 2020.
On Tuesday, the Finance Minister of Germany Olaf Scholz stated that calls to protect the economy instead of stopping the coronavirus are ill-considered.
During early Tuesday's trading hours, crude oil price benchmarks surged by three percent. The surge was attributed to US monetary policy easing.
At the start of Tuesday's US trading session, US stock indices surged, as the market was expecting a $2 trillion government stimulus package.
On Tuesday, Chevron stated that the company would cut spending by $4 billion and suspend share buybacks.
A Reuters report published on Tuesday revealed that most Latin American crude oil producers struggle during the current low oil price environment.
During Tuesday's trading hours, the US Dollar continued to decline in value, as the Federal Reserve introduced new monetary easing measures.
On Tuesday, the German government stated that the announced 750 billion Euro government aid package is just the initial step in battling the coronavirus.
On Tuesday, in the aftermath of monetary easing measures made by the Federal Reserve, global stock indices surged by two percent.
On Tuesday, Asian shares rebounded after the US Fed massively stepped-up program of QE. MSCI's index jumped 4.2%, while Shanghai blue chips gained 2.7%.
The International Monetary Fund said that some countries in Central Asia and the Middle East have asked for financial help to deal with the virus outbreak.
On Tuesday, Barclays cut its 2020 crude oil price forecasts by $12, citing the coronavirus crisis and the OPEC+ deal collapsed.
On Tuesday, crude oil prices edged higher, as traders and investors were optimistic that the US Senate will approve the $2 trillion stimulus bills.
On Monday, the US Securities and Exchange Commission warned corporate insiders not to do insider trading.
A stock filing done by Airbus on Monday revealed that the company could allow its clients to postpone or cancel aircraft delivery.
Representatives of the IMF announced on Monday that a global recession is set to occur in 2020 and it should be followed by a recovery in 2021.
On Monday, the head of the European Union's financial market regulators Steven Maijoor stated that it is vital to keep financial markets open to keep the economy functioning.
On Monday, the Federal Reserve revealed and used an unseen array of market stimulus methods like direct company loans and corporate bond purchases.