Money

Saudi Arabia to Boost Oil Exports to 10 Million bpd Starting May

The global price war has threatened to push supply to never-before-seen levels, according to IHS Markit. On Monday, WTI crude oil futures for April ended d...


US stocks open sharply higher after worst day since 1987

The plunge also highlighted the diminishing ability of stimulus to dampen shockwaves as the Fed announced $ 1T in repo operations , while the European Central...


Macron orders people in France to stay at home

The proposed travel restrictions will be put to to the bloc's 27 leaders at a summit to be held via video-conference Tuesday. The EC is also asking the four non...


Dow slides 3000 as coronavirus shuts down America

S&P 500 e-mini futures fell by 4.77 percent to hit a daily down trading limit overnight, suggesting heavy losses for the benchmark at the open and a possible ...


Fed launches emergency short-term lending facility amid coronavirus crisis

Chart showing the Dow Jones Industrial Average (DJI), which rebounded over 4 percent at 14:28 ET, on March 17, 2020. The Federal Reserve has put in motion t...


Dow slides 3,000 points in grisly day on Wall Street

While Treasury Secretary Steven Mnuchin said Sunday he did not see any imminent recession due to the coronavirus pandemic , Trump said Monday the economy "may...


Coronavirus chokehold on United States worsens oil industry's pain

Countries including the United States and Canada and nations in Europe and Asia in the meantime are taking unprecedented steps to contain the virus, severely cr...


Airlines announce new policies for flights before May 31

The route-by-route detail of the changes across Qantas and Jetstar's schedule is being worked through and will be announced in coming days. Last week, the G...


Uber Suspends Pooled Rides to Fight Coronavirus Spread

A spokesperson told Reuters that similar steps in countries outside the USA and Canada would be evaluated on a case-by-case basis. Uber did institute a new pe...


Coronavirus aid bill delayed for up to one week by Texas lawmaker

The Senate had been due to begin voting on Monday evening on a Bill passed in the House of Representatives last week that would have reauthorised and reformed t...


US Crude Prices Close Below $30 on Massive Supply, Recession Fears

The blow has forced West Texas Intermediate crude oil , the USA benchmark, down 55 percent to $28.25 a barrel. "There has been a dizzying drop in world oil d...


U.S. stocks dive more than 10% in early trading on recession worries

The safe-haven Japanese yen jumped as concerns about the outbreak sent investors fleeing higher-risk assets. Brent North Sea oil plunged more than 10pc to a f...


Oil price dips below US$30/bbl

The projection is two to three times what existed in late 2015 to early 2016, when the Organization of the Petroleum Exporting Countries pumped more oil to comb...


Coronavirus could last until August "or later"

The Trump administration has released guidelines for 15 days of coordinated action by Americans to stem the spread of the COVID-19 novel coronavirus . "We re...


Asian Shares Plunge as Central Banks Shock Investors with Emergency Moves

That is the lowest level since December 2015, when the Fed raised rates for the first time after leaving them at almost zero for seven years. The Federal Rese...


Dow ends session nearly 3000 points down as virus slams economy

An employee reacts to market data on display at the New York Stock Exchange on March 9, 2020. However, Trump later predicated that "once this virus is gone ...


Amazon warns of delivery delays, running out of items

Amazon is out of stock on a number of household staples and popular items, according to the company's COVID-19 response page . However, the service told us to ...


New Zealand cuts rate to record low 0.25 pct

Lee Sue Ann, Economist at UOB Group, reviewed the recent decision by the RBNZ to cut the cash rate by 75bps to 0.25%. "The New Zealand dollar exchange rate ...


Wall Street sinks as Feds shock cut increases worries over virus spread

The selling was so intense that shortly after trading began - circuit breakers kicked in - which halted trading for 15 minutes. "The market's in panic mode"...


France hits Apple with a $1.23 billion anti-competitive fine

France's competition watchdog on Monday fined iPhone maker Apple 1.1 billion euros ($ 1.23 billion), saying it was guilty of anti-competitive behavior towards i...


Federal Reserve cuts rates to zero to support economy during coronavirus pandemic

Powell said the Fed is not considering negative interest rates. It will buy at least $700 billion in bondsOn Monday, the Fed will start buying at least $500 b...


Bill gates left Microsoft executives

With Gates stepping down from the board there will be an indirect effect on the company's productivity, functionality and the overall image, however, will it ...


Key Economic Gages Plunge as Economy Feels Coronavirus Pain

The median forecast of analysts polled by 1 was for an increase of 1.5%, although estimates diverse broadly. Fixed-asset investment dropped 24.5%, versus a fo...


JetBlue airline bans passenger for life over COVID-19

With 114 passengers on board, the flight from John F. Kennedy International Airport to Palm Beach International Airport remained on the runway for hours after...


Nike Closing Retail Outlets in Much of the World over Coronavirus

PHOTO: A tourist wears a protective mask as she carries her suitcases past a closed Nike store at Las Ramblas, March 15, 2020, in Barcelona, Spain. The Beaver...


USD/JPY drops over 1% as Fed slashes rates to zero

The Fed Sunday cut its key rate by a full percentage point - to a range between zero and 0.25% - and said it would keep it there until it feels confident that t...


Trump Calls Out Fake News Media for False Reporting on Coronavirus Website

And the website is not built by Google; it will be by Verily . "They have made tremendous progress". Now thanks to Trump's "surprise" announcement the Ve...


Brazil's Bolsonaro tested for coronavirus, says son

In the statement, Brazil said it had already notified USA authorities of the positive test. The results of a second test on the Brazilian president are expected...


Jet2 cancels all flights to Spain, Balearics and Canaries

The Associated Press has access into this draft of this battery of steps which Spanish Prime Minister Pedro Sánchez will announce at a nationally televised addr...


Lagarde speech: Even if temporary, virus will have significant impact on activity

Italy is going through a hard situation and its experience in fighting the spread of coronavirus will probably be helpful for all countries of the European ...