Monday, July 6, 2020
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The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S.

Oil slides as fears grow that coronavirus resurgence could stunt fuel demand recovery

Brent crude LCOc1 futures were down 35 cents, or 0.8%, at $42.79 a barrel as of 0633 GMT, and U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 35...
A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July

Wall Street shifts bets to big pharma as COVID-19 vaccine race progresses

Early signs of the shift came Wednesday, when positive data for one of Pfizer Inc’s COVID-19 vaccine candidates sent shares of the large U.S. drugmaker up more than 3%....
European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020.

European shares pick up, dollar gains before quarter-end

The MSCI world equity index, which tracks shares in 49 countries, was up about 0.1% at 1056 GMT, after Asian shares rose on strong data from the U.S. housing...
Sterling fell 0.8% against the dollar on Friday, touching its lowest level in almost a month, with doubts about whether Britain will seal a trade pact with the European Union set to be the biggest weight on the currency over the summer.

Sterling falls 0.8% to one-month lows, Brexit key summer risk

Although the British economy is being gradually reopened after its coronavirus lockdown triggered a record slump, analysts said Brexit was still the biggest factor affecting the pound four years...
Informal gold miners are seen taking a break from work under the midday sun at an artisanal mining site near Dano, southern Burkina Faso

World agencies step in as pandemic poverty hits artisanal miners

World market prices of gold - viewed by investors as a safe store of value in uncertain times - have surged to levels last seen in 2012, and are up...
Global equities were flat and perceived safe-haven assets like U.S. Treasuries and gold gained on Friday as investors weighed hopes that Europe will continue to rebound from the economic damage of the coronavirus pandemic against concerns about a record number of new COVID-19 infections in the United States.

Global stocks flat as U.S. virus concerns offset Europe rebound hopes

The euro zone is “probably past” the worst of the economic crisis caused by the pandemic, European Central Bank President Christine Lagarde said, while urging authorities to prepare for...
OB1 staff show off OpenBazaar at a 2019 conference.

The COVID-19 E-Commerce Boom Hasn’t Trickled Down to Bitcoin, Despite Advantages

“We’ve been doing this for six years and it’s still very rough around the edges,” said Brian Hoffman, co-founder of OB1, maker of crypto marketplace app Haven and its...
A view shows an oil derrick at Vankorskoye oil field owned by Rosneft company north of the Russian Siberian city of Krasnoyarsk

Russia takes a leaf out the U.S. shale oil playbook

At least two state-owned banks, Sberbank and VEB, plan to lend oil firms some 400 billion roubles ($6 billion) at effectively almost zero interest rates to drill about 3,000...
The euro held steady on Friday as an EU summit focused on a 750 billion euro recovery fund got underway, while geopolitical strains and fears of a second wave of COVID-19 cases set the dollar on track for its best weekly gain in a month.

Euro steady as EU summit underway, dollar set for weekly gains

The world’s reserve currency, which was making small advances in European trading, has gained about 0.3% this week against a basket of currencies, its best performance since mid-May.
A logo of Italian multinational energy company Enel is seen at the Milan's headquarter, Italy

Enel to launch hydrogen business as part of green drive

The group is targeting markets in the United States, Chile and Spain, the head of Global Power Generation Antonio Cammisecra told Reuters. In the United States a focus will...