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Airbus (AIR.PA) made its plans on suspending production in France and Spain for 4 days public. This is of course due to the coronavirus crisis that had reached even the financial sector. To date, the pandemic had been the most serious ...
Crude prices have plummeted due to the coronavirus outbreak that had left Gulf Arab governments with a morsel of options to re-establish fiscal stability. This, they are doing, as they try to shield their economies and fight for currency pegs. Even ...
U.S. stocks suffer historic drop as the country shuts its borders and governments worldwide impose drastic measures to contain the virus and the damages it has caused. Financial markets experienced their worst day in 30 years despite the emergency ...
Oil gained over $1 on Tuesday as investors began bargaining due to recent steep declines in prices caused by the pandemic and the Saudi Arabia-Russia price war. However, fears of recession still loom over the market. Brent crude went up 1.8%, ...
Stock markets and the U.S. dollar reeled on Monday as the Federal Reserve cut interest rates as an emergency measure and as other central banks offered cheap dollars in an attempt to avoid a halt in lending markets globally. The sudden policy ...
Members of European Union finance ministries on Monday have decided on a coordinated economic response to the coronavirus after wide speculation that its effects could potentially push the EU into a recession. The move is currently comprised ...
Boaz Weinstein's primary hedge fund Saba Capital Management LP disclosed a 33% gain in March amid a market severely affected by the coronavirus pandemic. The profits added its year to date gain up to 67%, a letter to its clients said. Saba’s ...
The U.S. consumer product companies shifted their production scheme by halting the run of other products and maximizing the production of essential products that are highly demanded amid the virus outbreak. Traditional retailers and stores ...
The Federal Reserve is planning to launch a massive rollout of monetary easing in the financial markets to combat the economic damage brought by the pandemic spread of the new coronavirus. Investors’ fears seemed to have deepened by ...
Oil continued losses on Monday as the Federal Reserve imposed an emergency rate cut to ease global financial markets that are panicked and caught in between the price war between Russia and Saudi Arabia. Brent crude dropped $1.13, at $32.72 ...
The Bank of Japan is awaited to acquire other steps to balance the markets and minimize the economic impact from the coronavirus outbreak in an emergency meeting on Monday. They were connected with other central banks and they also tried to ...
A female diplomat in New York has tested positive for coronavirus on Thursday. She is from the Philippines and the first known case of coronavirus at U.N. New York headquarters. “As of today, the Philippine Mission is in lockdown, and ...
Canada’s Prime Minister Justin Trudeau will be isolated for two weeks because his wife, Sophie Gregoire Trudeau, had confirmed positive for coronavirus on Thursday. The outbreak led the province of Ontario to screen the schools to limit ...
Wall Street slipped into bear market on Thursday, along with decline in European stocks, Bitcoin, and precious metals, as investors sell assets in return for cash. Bitcoin fell 26%, its biggest drop in seven years. Precious metals like platinum ...
SINGAPORE- Global shares declined the sharpest on Friday, putting an end to years-long upbeat performance as novel coronavirus contagion disrupted trading activities and left investors uncovered. An estimated five-hundred billion dollars in ...
TOKYO- Oil declined for three consecutive days on Friday. Such inactivity was brought by investors’ anxiety over slump in oil demand mainly from coronavirus contagion. In line, the Brent and US crude are both on track for their sharpest ...
Japan pledged to take “bold and unprecedented” measures in order to combat the economic impact of the coronavirus, according to its economy minister. The statement has led many to believe the Japanese government would unveil a ...
SoftBank Group Corp said on Friday it would buy back up to 500 billion Yen ($4.8 billion) of its own shares after activist investor Elliot Management pressured the company to buy back $20 billion in stock. A SoftBank spokesperson said that ...
The dollar recovered on Friday as investors turned to the most liquid currency amid intensified global concerns over the pandemic virus. The euro eased losses after the European Central Bank (ECB) refrained from slashing interest rates. The ...
Oil prices fell on Thursday alongside major markets as U.S. President Donald Trump implemented a travel ban on Europe, after the World Health Organization declared the ICOVID-19 outbreak as a pandemic. Investor worries were doubled by an overflow ...
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