News

Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
Bookings |
impact of the COVID-19 pandemic on the U.S. economy and the implementation of various fiscal and monetary policy tools used in response to the crisis.
Oilprice.com |
As the global economy is slowly moving towards reopening, almost no one believes that demand or prices will shoot up later this year.
FEDERAL RESERVE SYSTEM |
Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent.
Reuters |
There’s still some concern that the 10 million barrels per day cut won’t be enough to offset demand destruction so the outlook for oil prices remain subdued
Bloomberg |
OPEC+ alliance agrees to cut production by 9.7m barrels a day; rent rose about 3% to $32.50 a barrel.
Reuters |
Global oil benchmark Brent crude plunged to its cheapest level in almost 18 years on Monday and U.S. crude briefly tumbled below $20 a barrel
Bloomberg |
MSCI Asia Pacific Index lost 20% in 1Q, worst since 2008; Nations with pandemic stabilized better positioned
FEDERAL RESERVE SYSTEM |
Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent.
Oilprice |
Oil analysts are anticipating barrel prices as low as $20 within the year.
Bloomberg |
If the economy is to recover when disease conditions improve they have to keep going concerns afloat -- very different than even 2008.