The original agreement provided for Hilcorp to pay $4.0 billion near-term and $1.6 billion through an earnout thereafter.

“As of today, in the European Union, we’re on course for a 5% to 10% (recession), meaning it’s about 7.5%. But that is today, and if things don’t improve and if we have a second peak (of the outbreak), things could get worse”, Breton said.

EBRD shareholders agreed to a comprehensive series of response and recovery measures that strengthen the Bank’s Solidarity Package , which was first unveiled on 13 March. The Bank now stands ready to provide support worth €21 billion over the 2020-21 period.

the euro weakened after a European Union meeting on Thursday to build a trillion euro emergency fund

The euro was last at $1.07795, with investors awaiting the result of a meeting of European Union leaders on the bloc’s response to the economic turmoil caused by the pandemic.

Britain’s economy is crumbling

Australia's Santos 2020 First Quarter Activities Report

Baker Hughes Company Announces First Quarter 2020 Results

The Dow Jones Industrial Average fell 631.56 points, or 2.67%, to 23,018.88, the S&P 500 lost 86.6 points, or 3.07%, to 2,736.56 and the Nasdaq Composite dropped 297.50 points, or 3.48%, to 8,263.23.

MSCI's broadest index of Asia-Pacific shares outside Japan fell as much as 1% before erasing losses to last stand at 0.4% higher while Japan's Nikkei slumped 0.7%.

The Dow Jones Industrial Average .DJI dropped 2.44% to end at 23,650.44 points, while the S&P 500 .SPX lost 1.79% to 2,823.16.

The Nikkei share average fell 1.97% to 19,280.78, slipping further from Friday’s near six-week high of 19,922.

It is Shell’s first big investment decision since the coronavirus crisis and tensions between Saudi Arabia and Russia caused oil prices to crash below $30 per barrel. Natural gas prices are currently at historic lows.

leaders of the Group of Twenty (G20) major economies said they were spending over $5 trillion, equivalent to 7.4 percent of 2019 G20 countries’ gross domestic product (GDP),

Spot gold was down 0.2% to $1,680.46 per ounce