Coronavirus Pandemic Will Cause Global Famines Of ‘Biblical…
The world is facing multiple famines of "biblical proportions" in just a matter of months, the UN has said, warning…
Coronavirus Propel Netflix To Huge Subscriber Gains
Netflix added a stunning 16 million subscribers in the first quarter of 2020, as the coronavirus pandemic led…
Study Finds No Benefit, Higher Death Rate In Patients Taking Hydroxychloroquine…
Coronavirus patients taking hydroxychloroquine, a treatment touted by President Trump, were no less likely to need…
U.S. Home Sales Tumble As Coronavirus Keeps Buyers Indoors
The slump in home resales reported by the National Association of Realtors (NAR) on Tuesday added to a pile of…
China: The Biggest Winner Of The Oil Crash
A clear winner has emerged from the historic rout in global oil markets: China, which is reaping an unlikely reward…
Nigeria To Earn $10.61bn From Crude Oil Between May And December After Recent…
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision…
Trump Looking At Stopping Saudi Oil Shipment As U.S Crude Oil Price Plunges Into…
U.S. President Donald Trump said on Monday that his administration was looking at the possibility of stopping…
80,000 Apply For Coronavirus Loan In Nigeria
NIRSAL Microfinance Bank (NMFB) has resolved that the business plans for the ₦50 billion Targeted Credit Facility…
Coronavirus: Spain Pledges More Economic Support
Spain’s cabinet approved measures to support workers and businesses struggling under stringent coronavirus…
Coca-Cola Posts Better Than Expected Earnings But Coronavirus Continues To Wreck…
Coca-Cola’s (KO) better than expected first quarter on Tuesday may not even matter to investors as business has…
South Africa’s Rand Opens Weaker As Fear Of Economic Contraction Grows
The South African rand opened weaker on Monday, mirroring moves elsewhere in emerging markets as fears over global…
Nigerian Stock Exchange Records Marginal Loss To Commence Weekly Trading…
Transactions on the floor of the Nigerian Stock Exchange on Monday recorded a marginal loss to commence the weekly…
Global Oil Price Benchmark Slumps To $19
The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19 per barrel on Tuesday,…
French Court To Issue Verdict In Amazon Case On April 24: Judge
A verdict in a case involving U.S. e-commerce giant Amazon will be issued by the Court of Appeal in Versailles on…
What’s A Negative Crude Future And Does It Mean Anything For Consumers?
The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a…
Nigerian Port Authority Extends Demurrage-Free Period To April 26
Following its directive to terminal operators to suspend all applicable storage fees on consignments (demurrage)…
Coronavirus: Empty Resorts Spell Long Crisis Across The Caribbean
The nearby airport, the lifeblood of Varadero’s economy, closed after Cuba shut its borders two weeks ago to…
IMF May Need ‘Exceptional Measures’ To Facilitate Pandemic Response:…
The International Monetary Fund may need to step outside its comfort zone and consider “exceptional measures” to…
Oil Plunges Further To Below Zero For First Time In Unprecedented Wipeout
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been…
Market Wrap
“Given that the policy focus from governments and central banks has been to support the corporate sector, we like…
Oil Plunges Below $10 With Traders Fleeing Expiring Contract
U.S. benchmark falls the most since trading began in New York. WTI May contract drops as much as 56% before Tuesday…
Bahrain Follows Saudi Arabia, Oman With Budget Cuts Amid Crisis
Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch…
JPMorgan Asset Seeks Collateral Protection in Private Lending
JPMorgan Asset Management is prioritizing lending to companies with high-quality assets as more cash-hungry…
U.S. Restaurants On Track To Lose $240 Billion By End of 2020: Survey
U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by…
United Airlines Expects $2.1 Billion Loss, Seeks Government Aid
United Airlines (UAL.O) said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first…
A Tsunami Of Bankruptcies Are About To Wash Away America’s Retail Sector
As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping…
Stocks Sink As Oil Drops To More Than 21-year Low
The May contract for U.S. West Texas intermediate crude oil which expires on Tuesday, dropped 39.74% to $11.07 per…
Aston Martin To Focus On Production Of SUVs
Aston Martin’s (AML.L) immediate priorities will be restarting manufacturing and launching production of its…
Coronavirus: Branson Believes Virgin Atlantic Will Collapse Without Government…
Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British…
Volkswagen Settles Emission Class Actions With Three-Quarters Of Claimants
Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit…