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March 29, 2020
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Reuters - Business

Governments, central banks must boost efforts to help economies cope with crisis: BIS chief

Reuters
LONDON (Reuters) – Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday. FILE PHOTO: Bank of Mexico Governor Agustin Carstens gestures during the delivery quarterly report from......
Reuters - Business

‘Maximum bearish’: funds in record rush to cash in past week

Reuters
LONDON (Reuters) – Investors rushed into cash and out of bonds at a record pace over the past week as the coronavirus pandemic caused mayhem in markets, BofA said on Friday, though it noted a key positioning signal at “maximum bearish” could signal a big rally ahead. FILE PHOTO: A......
Reuters - Business

Oil rises over 3% on Fed steps to support economy, hopes of U.S. aid package

Reuters
NEW YORK (Reuters) – Oil rose over 3% on Tuesday after the U.S. Federal Reserve said it would take steps to bolster the economy and on growing hopes the United States will soon reach a deal on a $2 trillion coronavirus economic package. FILE PHOTO: The sun is seen behind......
Reuters - Business

Oil prices climb as U.S. ramps up economic support measures

Reuters
SINGAPORE/MELBOURNE (Reuters) – Oil prices rose on Tuesday on hopes that the United States will reach a deal soon on a $2 trillion coronavirus aid package which could blunt the economic impact of the outbreak and in turn support oil demand. FILE PHOTO: The sun is seen behind a crude......
Reuters - Business

Crude oil futures rise, but support seen weak

Reuters
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo MELBOURNE (Reuters) – U.S. crude oil futures climbed nearly 3% on Tuesday in light trading as the Trump......
Reuters - Business

Crude extends fall with U.S. gasoline down 20% as global shutdowns sap demand

Reuters
NEW YORK (Reuters) – Oil prices extended their decline on Monday, with record low U.S. gasoline prices leading the energy complex lower, as the coronavirus pandemic crushes demand worldwide after travel and industrial activity contracted across the globe in a bid to stem the spread of the virus. FILE PHOTO:......
New York Post

Africa’s mountain gorillas also at risk from coronavirus

NYPost
New York Post – For more and to sign up click here KAMPALA, Uganda — As the coronavirus infects more people around the world, conservationists are warning of the risk to another vulnerable species: Africa’s endangered mountain gorilla. Congo’s Virunga National Park, home to about a third of the world’s......
Reuters - Business

Brent crude extends fall as coronavirus shutdowns sap demand

Reuters
TOKYO (Reuters) – Brent crude prices extended falls on Monday amid more action by governments to contain the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a worldwide economic contraction. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian......
Reuters - Business

Oil markets slump amid coronavirus chaos

Reuters
TOKYO (Reuters) – Oil prices fell on Monday as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian......
Reuters - Business

Coronavirus supplies donated by Alibaba’s Ma arrive in Africa

Reuters
ADDIS ABABA (Reuters) – A first planeload of protective and medical equipment donated to Africa by Chinese billionaire and Alibaba co-founder Jack Ma to help it fight the coronavirus arrived in the Ethiopian capital Addis Ababa on Sunday. So far, the continent of 1.3 billion people has registered only around......
Reuters - Business

Latest on the spread of the coronavirus around the world

Reuters
(Reuters) – As coronavirus cases ballooned in Europe, several countries imposed or planned new restrictions to try to curb the spread. Britain told panic-buyers to calm down. California and three other U.S. states directed tens of millions of people to stay at home. DEATHS, INFECTIONS * More than 274,800 people......
Reuters - Business

Factbox: Latest on the spread of the coronavirus around the world

Reuters
(Reuters) – As cases ballooned in Europe, the new epicenter of the coronavirus, several countries imposed new restrictions to try to curb the spread. California and three other U.S. states directed tens of millions of people to stay at home. DEATHS, INFECTIONS * More than 274,800 people have been infected......
New York Post

Despite coronavirus, it’s International Happiness Day

NYPost
New York Post – For more and to sign up click here The United Nations announced International Happiness Day on Friday — during a decidedly unhappy update on global scourges ranging from the “novel” (COVID-19) to the biblical (locusts). “Strangely enough, today is the International Day of Happiness,” Stephane Dujarric,......
New York Post

Africa’s busiest airport says foreigners can’t disembark

NYPost
New York Post – For more and to sign up click here JOHANNESBURG — Anxiety rose in Africa’s richest nation Friday as South Africa said coronavirus cases jumped to 202, the most in the sub-Saharan region, while the continent’s busiest airport said foreigners cannot disembark. State-owned South African Airways suspended......
Reuters - Business

Downgrade doom looms for coronavirus-hit firms and markets

Reuters
LONDON/NEW YORK (Reuters) – A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets. FILE PHOTO: The Canary Wharf financial district is seen from the construction site of 22 Bishopsgate in London, Britain June 25, 2019.......
Reuters - Business

Trump says he will enter Saudi-Russia oil fray at appropriate time

Reuters
U.S. President Donald Trump pauses as he answers questions from reporters during the coronavirus response daily briefing at the White House in Washington, U.S., March 19, 2020. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday said he would get involved in the oil price war between Saudi......
New York Post

Africa should ‘prepare for the worst’ with coronavirus: WHO

NYPost
New York Post – For more and to sign up click here JOHANNESBURG — Africa should “prepare for the worst” as the coronavirus begins to spread locally, the World Health Organization’s director-general said Wednesday, while South Africa became the continent’s new focus of concern as cases nearly doubled to 116......

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