Friday, April 10, 2020
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Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.

U.S. banks prepare to seize energy assets as shale boom goes bust

JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc are each in the process of setting up independent companies to own oil and...
U.S. dollar notes are seen in this November 7, 2016 picture illustration

Dollar falls after Fed bolster lending and coronavirus fears ease

The pound pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British Prime Minister Boris Johnson left intensive care following his hospitalisation...
Greenidge Generation's bitcoin mining facility, image via Greenidge

New York Power Plant Sold Up to 30% of Its Bitcoin Mining Hash Rate...

The firm said in an announcement on Friday that the deal, brokered by BitOoda Digital, proceeded the sale of 106,000 terahashes per second (TH/s) of bitcoin mining power to...
Emerging-market stocks and currencies rose on Thursday, eyeing weekly gains, as a softer dollar and hopes coronavirus cases were peaking prompted some buying in risk assets.

Stocks, currencies gain; U.S. jobs, OPEC meeting in focus

Still, markets haven’t yet seen the full extent of the pandemic’s economic toll. U.S. jobless claims due later in the day are expected to show near-record-level unemployment in the...
The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange

Goldman Sachs: 10 million bpd cut by top oil producers not enough

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia - a group known as OPEC+ - are set to convene a video conference meeting on Thursday...
MUMBAI — India, the world’s second-most populous country, is increasingly embracing cryptocurrencies amid domestic economic issues and the nationwide coronavirus-related lockdown.

Crypto Trading Volumes Rise in India After Banking Crisis, COVID-19 Lockdown

It started on March 4 when the country's highest court quashed a Reserve Bank of India (RBI) order dated April 6, 2018, which prohibited banks from providing services to entities dealing...
The dollar firmed on Wednesday as optimism that the coronavirus crisis was slowing waned, increasing investor concerns over the economic impact of the pandemic.

Dollar gains on rising coronavirus crisis concerns

The euro and the Aussie dollar were among the main losers at the greenback’s expense, a day after the dollar suffered its worst drop against a basket of currencies...
A Lockheed Martin Terminal High Altitude Area Defense (THAAD) missile interceptor is seen during the third annual "Made in America Product Showcase" on the South Lawn of the White House in Washington, U.S

U.S. oil state senators to talk crude markets with Saudi officials Saturday

Senators Kevin Cramer and Dan Sullivan will hold a call with the officials two days after a scheduled OPEC+ meeting in which Saudi Arabia and Russia are expected to...
World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue package to help economies recover from the impact of the outbreak.

Global stocks turn negative as virus death toll mounts

COVID-19 hospitalisations seemed to be levelling off in New York state, but deaths across the United States jumped by a record of more than 1,800. Meanwhile,...
LONDON, ENGLAND - MARCH 25: Prime Minister Boris Johnson leaves 10 Downing Street for PMQ's on March 25, 2020 in London, England. British parliament will be suspended tonight due to concerns about the spread of COVID-19. It had previously been scheduled to break for Easter on March 31; it will tentatively sit again on April 21. The Coronavirus (COVID-19) pandemic has spread to at least 182 countries, claiming over 18,000 lives and infecting hundreds of thousands more. (Photo by Peter Summers/Getty Images)

Pound rallies as risk appetite returns, traders await news on PM Johnson

Johnson, 55, was moved into an intensive care unit in a London hospital late on Monday after his condition had deteriorated rapidly over the preceding 24 hours. His foreign...