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Turkey lira hits record low against dollar

Turkey's lira hit a record low against the US dollar Thursday as traders worried over the impact of the coronavirus crisis on the Turkish economy and Ankara's policies. The lira was trading at 7.23 to the dollar, down 0.6 percent just before 1000 GMT, after reaching a record low of 7.24...

Oil extends losses on supply overhang, weak outlook

Oil prices extended losses on Thursday as the industry grappled with the growing global surplus of crude and the sharp coronavirus-led downturn in demand, with the outlook still grim despite April data showing a rise in imports into China. Brent crude LCOc1 was down by 24 cents, or 0.8%, to...