On Tuesday, Qatar’s ruler asked the government to delay $8.2 billion in unawarded contracts on capital expenditure projects due to the coronavirus outbreak. The outbreak is likely to negatively impact the Qatari economy and could lead to a recession, said… Read More ›
According to three OPEC+ sources, the group of oil producing nations known as OPEC+, which includes Saudi Arabia and Russia, may agree to a truce in the oil war and cut production at a meeting scheduled for Thursday, as long… Read More ›
Private equity firm Silver Lake Partners aims to raise at least $16 billion from investors for its sixth flagship buyout fund despite prevailing uncertainties following the outbreak of the Wuhan Coronavirus, said sources familiar with the matter at hand. Investing… Read More ›
In a statement, Saudi Aramco said, it has appointed Mark Weinberger to its board of directors as an independent director. Weinberger will replace Andrew Gould, said the company in a statement. Weinberger was the global Chairman and CEO of EY (previously… Read More ›
According to a report from the Financial Times, Rolls-Royce is slated to abandon its targets on deliveries, profits, cash and dividend, as airlines around the world ground their planes in the wake of the Wuhan Coronavirus outbreak. Rolls-Royce is also… Read More ›
On Monday, the Monetary Authority of Singapore (MAS) stated it will commence disclosing its foreign exchange intervention operations in April in order to enhance the market’s understanding of its monetary policy position. In a statement, the MAS said, its net… Read More ›
The economic impact of the coronavirus pandemic is being felt by the services sector of Britain, which in March recorded a decline in activity at the fastest pace beer seen in more than the last two decades. A joint report… Read More ›
In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… Read More ›
U.S. President Donald Trump has signed an order directing his administration to stop the export of N-95 face masks and other personal protective equipment which are essential in keeping the Wuhan Coronavirus at bay, from being exported to other countries…. Read More ›
In a statement on Friday, the Chief Executive of the Bank of Ireland said, he has received 15,000 applications for payment breaks from mortgage customers in March and a further 5,000 businesses are seeking breaks from such payments as a… Read More ›
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