Sterling slips as dollar surges on global recession angst
Manufacturing gauges tumbled across the globe, with Purchasing Managers’ Index (PMI) surveys in Asia, the euro zone and the UK underscoring the widening damage wrought by the pandemic that...
Chinese buyers snap up U.S. oil purchases at widest discounts ever
China started processing in March applications from its companies to waive import tariffs on U.S. energy goods as part of the Sino-U.S. Phase 1 trade deal and they have...
Stocks give up meagre gains as virus anxiety prevails
E-Mini futures for the S&P 500 slumped 2.27% as dire predictions of more virus casualties in the United States weighed on sentiment.
MSCI’s broadest index of...
Bitcoin’s Recent Recovery Won’t Salvage a Terrible Month for Prices
The top cryptocurrency by market value is currently trading near $6,440, representing nearly a 68 percent rise from the low of $3,867 registered on March 13. Even so, prices...
Dollar holds the advantage as China PMI fails to calm nerves
China’s yuan held steady even after a key survey showed manufacturing returned to growth in March, but investors remain sceptical of the uptick given many businesses are still struggling...
UAE’s Dana Gas explores spin-off and listing of upstream business
Dana Gas, which operates concessions Iraq’s Kurdish region and Egypt, said it was studying a potential demerger of the business into a new company, according to a statement to...
U.S. dollar rallies as global easing policies give short-term reprieve
China’s offshore yuan fell after the Chinese central bank cut a key interbank interest rate, while Singapore’s central bank aggressively eased monetary policy as well on Monday.
Come by Chance becomes first North American refinery to close on coronavirus concerns
The company confirmed on Monday that it told stakeholders it was pausing production because of concerns about worker safety as the virus spreads.
Refineries around the...
European shares retreat as coronavirus fears intensify
The pan-European STOXX 600 index was down 0.9%, with autos .SXAP, financials .SXFP and insurers .SXIP shedding between 1.2% and 2.3%.
The banking index .SX7P slumped...
Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin
However, rather than creating a perfect scenario for the supranational money, the coronavirus crisis could instead entrench reliance on traditional institutions. In a world where central bank digital currencies...
