On Wednesday, Bank of England’s Governor Mark Carney disclosed, the central bank was coordinating with Britain’s finance minister to ensure that the surprise cut in interest rates as well as other measures that were announced today had their maximum intended… Read More ›
In a report, Lebanon’s broadcaster LBC quoted the country’s Finance Minister Ghazi Wazni as saying Lebanon will resort to a disorderly default if creditors are not prepared to negotiate; he went on to add, investors will find it difficult to… Read More ›
On Monday, oil prices fell by nearly 30% after Saudi Arabia slashed oil prices and set plans for a significant increase in crude production from April. Following the Saudi move, oil prices fell by as much as a third after… Read More ›
On Monday, in a statement the Airports Council International (ACI) Asia-Pacific stated, airport passenger traffic in the Asia-Pacific region is likely to shrink by 24% due to China’s coronavirus, thus causing a loss of $3 billion in airport revenues. Cancellation… Read More ›
On Monday, for the first since late 2012, gold prices surged past $1,700 per ounce levels following a widening China’s coronavirus outbreak worldwide even as crude oil prices along with equities touched new lows as investors scurried for safe havens…. Read More ›
In the months following the failure of the planned initial public offering (IPO) of WeWork, there has been a steep drop in the investment in venture capital deals by sovereign wealth funds which pushed it to touch its lowest in… Read More ›
A disagreement between OPEC and Russia over further and deeper coil production cuts resulted in the two parting ways after three years of working together to reduce oil production so that global oil prices could be shored up. The latest… Read More ›
All the Seattle, United States based employees of Amazon, Microsoft and Facebook have been advised by the companies to not to come to work and work from home for the next few weeks as the coronavirus outbreak continues to spread… Read More ›
China’s coronavirus is dealing blow after blow to South Korean multinational giant LG Electronics Inc, an Apple Inc supplier. The initial outbreak forced LG to shutter its China factory for almost three weeks to help contain the spread of the… Read More ›
On Friday, in a statement S&P Global Ratings stated, if China’s coronavirus were to spread extensively in the Asia-Pacific region, it could wipe out $211 billion off the combined economies in the region with Japan, Singapore, Australia and Hong Kong… Read More ›
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