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NY Fed to pump in another $10 billion today
The New York Federal Reserve continues to point a firehose of liquidity at clogged-up financial markets.
The…
Coronavirus could leave 25 million jobless – UN
The COVID-19 pandemic will significantly increase global unemployment, leaving up to 25 million more people out of…
Oil price sinks to $24, lowest in 17 years
The price of Brent crude, the international benchmark, tumbled on Wednesday to the lowest level in 17 years as…
America Looking To Send Cheques To Citizens In Aid Package Worth $250bn
US Treasury Secretary Steven Mnuchin says he supports sending money directly to Americans as part of a $1tn…
Coronavirus: Pound plunges to its lowest level in over 30 years
The pound has fallen to its lowest level against the dollar since 1985, as the spread of the coronavirus pandemic…
Europe sets up emergency lifeline worth billions
The European Central Bank (ECB) has launched an emergency €750bn ($820bn; £700bn) package to ease the impact of the…
America could lose 1 million jobs in March, former Trump adviser warns
The United States could lose up to 1 million jobs in March because of the severe disruptions caused by the …
Wall Street’s New Virtual Workplace May Outlast the Virus
‘The outbreak has created the urgency to try out new ideas’
In Hong Kong, bankers have learned to win stock…
How the Oil Crash Is Hitting Emerging-Market Currencies
Oil’s plunge has stung currencies across emerging markets, and there’s probably worse to come.
For oil and gas…
Adidas joins Nike in announcing store closures over coronavirus
German sportswear maker Adidas (ADSGn.DE) on Tuesday joined rivals in announcing store closures in response to the…
Oil drops to $28, as dollar exchanges for N369
The price of Brent crude oil, the international benchmark, further declined on Tuesday, trading around $28 per…
China to expel New York Times, Wall Street Journal and Washington Post reporters
China has announced it will expel journalists from three US media outlets, in a major escalation of tensions with…
Spain unveils ‘unprecedented’ 200 billion euros coronavirus package
Spain announced a 200 billion euros ($220 billion) package on Tuesday to help companies and protect workers and…
BREAKING: UEFA Postpones Euro 2020
UEFA has postponed the European Championship, due to take place across the continent in June and July this year,…
Slow global Internet connection imminent over work-from-home policies, streaming…
With many companies implementing a mandatory work-from-home policy as a precaution against coronavirus, widespread…
India closes Taj Mahal, Pakistan cases spike after quarantine errors
India closed the Taj Mahal, its principal tourist site, and the financial hub of Mumbai ordered offices providing…
The global coronavirus recession is beginning
As restaurants, shops, airlines and factories shut down around the world, from New York to Paris and Madrid,…
The End of OPEC Is Here
OPEC may not survive to celebrate its own 60th birthday later this year. Saudi Arabia’s decision to abandon output…
Why oil prices are crashing and what it means
Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on…
Global airlines slash flights as US carriers seek $50 bn bailout
Major world airlines on Monday announced further deep cuts to service as the worsening coronavirus crisis ravages…
Amazon on hiring spree as coronavirus spurs demand
Amazon has said it will hire 100,000 warehouse and delivery workers in the US to deal with a surge in sales during…
Coronavirus Could End China’s Decades-Long Economic Growth Streak
China’s growth streak has lasted for decades, surviving the crackdown at Tiananmen Square, the global financial…
France Fines Apple $1.2 Billion for Antitrust Issues
France’s antitrust regulator on Monday fined Apple 1.1 billion euros, or $1.2 billion, putting more pressure on…
Coronavirus: Stocks plunge despite global central bank action
Global stock markets have sunk again despite central banks around the world announcing a co-ordinated effort to…
Italy pumps cash into coronavirus-hit economy as death toll passes 2,000
Italy approved 25 billion euros ($28 billion) of spending measures on Monday to help the fragile economy survive…
Cowen expects Nike’s sales fall $3.5 billion for May quarter
Nike Inc’s (NKE.N) revenue could fall by a third in the fourth quarter, Cowen estimated, as the sportswear giant…
Luxury perfume makers Dior and Givenchy will produce free hand sanitizer for…
LVMH said it will use all the production facilities of its perfumes and cosmetics brands to produce large…
Ferrari suspends production over Covid-19
The Italian government ordered a nationwide lockdown last week. But supply chain problems have emerged to the…
Global central banks pull out all stops as coronavirus paralyzes economies
The coordinated response from the Fed to the European Central Bank (ECB) and the Bank of Japan (BOJ) came amid a…
Gold Climbs After Fed Cuts Interest Rates as Virus Spreads
Gold jumped in early Asian trading after the Federal Reserve cut its benchmark interest rate by a full percentage…