This Week’s Market Buzz

•    Following an unprecedented global crash, oil prices climbed at press time on signs that the global economy is moving towards a slow reopening, and inventory data shows storage demand for the commodity rising slower than expected. West Texas Intermediate crude climbed as much as 20%, to $18 per barrel. Meanwhile, international benchmark Brent crude rose 14%, to $25.75 per…

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LafargeHolcim Achieves Resilient First-Quarter Results Amid COVID-19

LafargeHolcim had a strong start to the year as its first-quarter performance remained well ahead of last year’s results until mid-March, when the impact of COVID-19 spread beyond China into all business regions, the company reported. Nevertheless, first-quarter results remained resilient with net sales down 3.3% and Recurring EBIT down 2.6% compared to the prior-year period, both on a like-for-like basis.

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