Oil Prices Rise As Countries Ease Lockdown
Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs…
Coronavirus: Why Are Some African States Easing Lockdowns?
African countries have fewer coronavirus cases than much of the world, but weaker healthcare systems do put the continent at…
New Zealand PM: No Open Borders For ‘A Long Time’
New Zealand Prime Minister Jacinda Ardern says the country will not have open borders with the rest of the world…
European Markets Recover After Day Of Heavy Selling
European markets bounced back on Tuesday after a session of steep losses, spurred by a late rally for Wall Street…
FCMB Issues Official Statement On Collapse Of Customer At Onipanu Branch; Debunks COVID-19 Claims
Leading Nigerian financial institution, First City Monument bank (FCMB) has issued an official statement to address the video making rounds…
Market Wrap
Risk assets had been hit amid earnings, geopolitical worries. Japan, China, South Korean markets are closed on Tuesday
Covid-19 Global Virus update
U.S. President Donald Trump said some states “aren’t going fast enough” to reopen, even as he acknowledged that the nation’s death count would likely be higher than he had predicted. Globally, deaths topped 250,000. Trump accused Beijing of attempting a cover-up and promised a conclusive report on the pandemic’s origins.
Scientists created a monoclonal antibody that can defeat the new coronavirus in the lab, an early but promising step. U.S. researchers will track thousands of children to determine how they’re affected by the pathogen.
The worst-hit countries in Europe moved to ease curbs as cases slowed. Italy began to reopen its economy after two months, but the premier was criticized for being too cautious, and Spain started to relax its lockdown regime after weeks of confinement.
Why There’s a Looming Debt Crisis In Emerging Markets
Solvency concerns in the developing world are nothing new. But as governments stare down the humanitarian and economic shocks…
The VIX Just Revealed An Optimistic Signal For U.S. Stocks
Market turbulence has calmed down since the mid-March extremes, but a couple of recent moves may bode particularly well for stocks.
Dubai Aims To Open Up For Tourists At The Beginning Of July
Pandemic means tourism sector will focus more on hygiene. The government says it will not restrict hotel construction.
AIG Takes $272 Million In Covid-19 Losses And Withdraws Guidance
American International Group Inc. was hit by about $272 million in costs tied to the coronavirus as the insurance industry braces for…
Victoria’s Secret Owner Unveils Plan B After Sycamore Walks Away
L Brands Inc. agreed to cancel a deal that would have given private equity firm Sycamore Partners control of beleaguered…
Wall Street Snaps Two-Day Slump On Lift From Tech Titans
U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns…
Massive U.S. Stock Bounce Stokes Doubts, Provokes Bears
Fund managers and corporations have deployed over $1.1 trillion into money markets while the S&P 500 mounted a nearly 30%…
Germany To Reopen All Shops, Allow Soccer Matches
Germany’s state premiers will agree on measures to further ease coronavirus restrictions in a teleconference with Chancellor Angela Merkel scheduled…
New York Governor Outlines Reopening Plan With Construction, Manufacturing First
New York Governor Andrew Cuomo on Monday outlined a phased reopening of business activity in the state hardest hit by…
UK Says China Has Questions To Answer Over Coronavirus Outbreak
Britain said on Monday that China had questions to answer over the information it shared about the novel coronavirus outbreak,…
Will Disney Open In June?
We may get a better estimate of when Walt Disney’s (NYSE:DIS) theme parks worldwide will potentially reopen when the media giant reports its fiscal…
Masked And Standing Apart, The World Creeps Out Of Lockdown
Italy, among the world’s hardest-hit countries, started to relax the longest lockdown in Europe, allowing about 4.5 million people to…
Apple, Google Ban Use Of location Tracking In Contact Tracing Apps
Apple Inc and Alphabet Inc’s Google on Monday said they would ban the use of location tracking in apps that…
Madagascar To Start Trials For Coronavirus Herbal Treatment
Madagascar’s president has said that the country will begin clinical trials for an artemisia-based herbal remedy, which he says can…
Nigerians Cautious As Restrictions Eased In Lagos And Abuja
In Nigeria, some businesses have reopened on the first working day after the easing of a lockdown imposed on key…
Coronavirus: Firms Rush To Secure New Lockdown Survival Loans
Businesses have raced to secure loans under a new scheme to help smaller firms through the lockdown crisis. The Bounce…
O2 And Virgin Media In Talks To Merge
Mobile operator O2 may be set to merge with broadband giant Virgin Media to create one of the country’s largest…
Japan Extends State Of Emergency Until May 31
Japan’s Prime Minister Shinzo Abe on Monday extended a state of emergency over the coronavirus until the end of May,…
Dunkin’, Starbucks, Chipotle And Other Restaurant Chains Have Seen Business Shift To Different Times Of Day Due To Coronavirus
Dunkin’ Brands Group Inc.’s quarterly results suffered as customers brewed their own morning coffee at home while locked down due…
‘Fortunes Are Going To Be Made’ — Suze Orman Shares Her Advice On Investing Amid The Coronavirus Pandemic
Celebrity financial adviser Suze Orman isn’t for everybody. She once told MarketWatch that “there are people that hate my guts. You don’t…
J. Crew Files For Bankruptcy As Preppy Retailer Succumbs To COVID-19 Fallout
J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding…
It’s Okay To Laugh Again: Advertisers Prepare For Post-Coronavirus Economy
Sad piano chords, somber shots of empty streets and close-ups of people staring out their windows. So prevalent were coronavirus-themed…
Nigeria: FG Retains N125/litre Petrol Price Despite Crude Oil Crash
The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May…