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Crude oil futures' prices slumped as US crude stockpiles climb amid sluggish demand

02-04-2020

On Wednesday, the 1st of April 2020, both US and UK crude futures’ prices pummelled following a record surge of US crude inventories last week, while the petroleum demands had faced off its steepest ever weekly plunge.

Global equities end sharply lower after worst quarterly plunge since 1987

01-04-2020

On Wednesday, the 2nd of April 2020, a gauge of global equity indices rounded off the day in a much downbeat note after recording their steepest quarterly plunge since the late-80s over the fist quarter of the year

White House stalls a US-Saudi oil alliance concept instead OPEC for now

01-04-2020

Top officials in the White House, who had previously been mulling a proposal of a Saudi-US oil alliance concept by unravelling the existing OPEC, had agreed to sidestep the landmark concept for now

Adidas halts €1 billion share repurchase program to conserve cash amid recession

01-04-2020

On Tuesday, the 31st of March 2020, Adidas AG had disclosed in a regulatory filing that the company had cancelled a €1 billion worth of share repurchase program

US Senators urge airlines to issue ticket refund after $25 billion bailout package

01-04-2020

On Tuesday, the 31st of March 2020, a group of nine Democratic US Senators had urged the top eleven US airlines to refund all of their customers in full for the flight tickets suspended during the period of Coronavirus pandemic

Tesla California warehouses to supply FDA-approved ventilators free of cost: Musk

01-04-2020

On Tuesday, the 31st of March 2020, Chief Executive of Tesla Inc., Elon Musk said in a tweet that the e-vehicle maker had additional FDA-approved ventilators which could be used in hospitals of California-region for free of cost

China March factory activity strongly rebounds as economy reopens

31-03-2020

On Monday, the 30th of March 2020, data released from the China’s National Bureau of Statistics came as an unexpected breather for a raft of global economic majors

New York Stock Exchange rallies, led by healthcare booms

31-03-2020

On Monday, the 30th of March 2020, all three key indices of Wall St. had surged more than 3 per cent, as investors appeared to be betting heavily on defensive stocks such as healthcare and cyclical goods

Namibia suspends mining operations as pandemic-led lockdown takes effect

31-03-2020

On Saturday, the Government of Namibia of PM Saara Kuugongelwa, who took the office back in the March of 2015 as the Southern African nation’s fourth Prime Minister, had announced a decree to halt all mining operations in the country

New York’s Moody’s downgrades S. African sovereign credit rating to “junk”

31-03-2020

Late on Friday, the NY-based American Global credit rating agency, Moody’s, often contemplated as one of the top three credit rating providers alongside Fitch’s and S&P, had slashed South Africa’s sovereign debt rating to “junk”

South Africa announces tax relief for virus-hit businesses

30-03-2020

On Sunday, the National Treasury of South Africa had issued a statement saying that it had implemented a new tax subsidy of $28 or 500 South African Rand per month for each workers to their employers for the next four months

Reserve Bank of India cuts rate by 75bps as distress mounts over S.Asia amid lockdown

30-03-2020

On Friday, the 27th of March 2020, in an emergency move to curb out the impacts of a global-scale recession the Reserve Bank of India (India’s Central Bank) had slashed its benchmark interest rate by 75 bps

Major Mideast bourses eke out gains after monetary stimulus

30-03-2020

On Sunday, a slew of Gulf stock indices wrapped up the day in a fairly upbeat note after a gauge of economic giants in the Mideast had pledged an influx of tens of millions of dollars to cushion up the economies amid pandemic

Rosneft sells Venezuelan asset to Russia as Washington stiffens sanctions on Caracas

29-03-2020

On Saturday, the 28th of March 2020, the Moscow-based Russia’s largest petroleum refining and extraction company, Rosneft, had issued a statement saying that the Russ oil giant had suspended its operation in Venezuela

JPMorgan lowers US growth forecast further for Q1, Q2 to -10%, -25% respectively

29-03-2020

Later this week, the NY-based United States’ largest lender, JPMorgan Chase & Co., had lowered US GDP forecast further for the first and second quarter of 2020

Amazon entices warehouse employees to grocery units with higher pay offs

29-03-2020

Amazon.com Inc. as been working out a proposition of higher pay off of its own warehouse employees to pack and pick food grocery items over the narratives of a growing demand

Historic $2.2 trillion aid package becomes law as US House approves bill

28-03-2020

On Friday, the 27th of March 2020, in a breakthrough move to back the United States’ coronavirus-hit economy, the Democratic controlled US House of Representatives had approved a record $2.2 trillion in fiscal aid package

Wall St. snaps three-day-long rally as US coronavirus cases pass 100,000

28-03-2020

On Friday, the 27th of March 2020, despite US House’s approval of a historic $2.2 trillion aid package to back the bedridden US economy, all three key stock indices of the Wall St. had wrapped up the day more than 3 per cent lower

European shares slumped as EU cancels rescue plans, PM Johnson tests positive

28-03-2020

On Friday, the 27th of March 2020, a slew of European stock indices fell across the board after the Brussels lawmakers had botched to reach an agreement over a coronavirus rescue package

Washington says US Consumer Spending tepid; U. Michigan Sentiment drools 3-1/2 yr low

28-03-2020

On Friday, data released from the US Commerce Department had vindicated a vivid demonstration of a new reality in which the US economy appeared to be erasing every kind of sugar-coating and rolling down deeper in to an abruptly strengthening recession

ECB tells bloc’s banks to skip dividends as coronavirus hits core of economy

28-03-2020

On Friday, the 27th of March 2020, as a consequential repercussion of the coronavirus pandemic which has been pouring fresh scorns over the eurozone economy, the European Central Bank had ordered the bloc’s lenders to stall dividends

G20 leaders to inject $5 trillion into global economy in battle against Covid-19

27-03-2020

Late on Thursday, leaders of the G20 nations had committed $5 trillion in a video conference summit to battle past the clattering wave of coronavirus pandemic, which has been wreaking havocs in the Central Europe, the virus outbreak’s present epicentre

British PM Johnson infected with coronavirus, remains self-isolated in Down Street

27-03-2020

UK PM Boris Johnson, 55, who was experiencing mild coronavirus symptoms such as persistent cough and a high fever, yet attended a Q&A session in the UK House of Commons, had been diagnosed coronavirus positive on Thursday

Coronavirus crisis could destroy far more than 25 million jobs, says ILO official

27-03-2020

On Thursday, the 26th of March 2020, a senior official of International Labour Organization said that the number of job losses due to the coronavirus pandemic could be “much higher” than a previous estimate of 25 million a week earlier

Wall St. drives global stocks higher on hopes of $2 trillion stimulus;US Dollar falls

27-03-2020

On Thursday, the 26th of March 2020, a gauge of global stock indices including the Wall St. alongside a bundle of European stock exchanges rounded off the day higher over optimism of a $2 trillion stimulus

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