Following the results of the first half of 2018, the global bond market, which provides insurance against a terrorist attack, a hurricane, a pandemic or a hacker attack, reached a record $30 billion, Aon Securities research showed. Over the first half of the year, investors conducted 29 deals on the placement of disaster bonds for a total of 9 billion 700 million dollars. The Financial Times notes that despite losses incurred in 2017 due to a large number of natural disasters, investors continue to invest in bonds of disasters, since they are highly profitable. They are paid special attention to both pension funds and sovereign wealth funds.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...