Finance

by | April 21, 2020 | 16:11

The demand for oil has completely dried up since much of the world has been under lockdown and therefore people are staying inside. Global stocks were also dragged into the red on Tuesday with MSCI's index of emerging market stocks down 2 percent, eyeing its worst day in almost three weeks.

by | April 21, 2020 | 15:43

In terms of oil data, we'll get the American Petroleum Institute's (API's) oil inventories estimate tonight expected to show another significant surplus, and could be outdone by the Energy Information Administration's (EIA's) estimate tomorrow as has been the case over the past few weeks.

by | April 21, 2020 | 15:23

The Canadian subsidiary of the Minneapolis-based multinational agribusiness Cargill said it would suspend operations once it finished processing its meat in order to avoid wasting food. Cargill had earlier announced a shut down of a second shift of workers and the implementation of a number of new safety protocols, including temperature testing, enhanced cleaning and sanitizing, use of face coverings, screens between employee stations and prohibiting visitors.

by | April 21, 2020 | 13:21

It's a measure of demand, and few, if any, barrels were sold at negative prices, said John Coleman of oil-analytics firm Wood Mackenzie during a Monday webinar. is looking to add as many as 75 million barrels to the US's Strategic Petroleum Reserves (SPR), which would take some of the excess capacity from the market.

by | April 21, 2020 | 08:10

Yet, oil prices continue to fall, charging toward a new 18-year low as gloomy demand outlooks persist even after the world's largest crude reduction agreement was announced. told Bloomberg . "The problem is no one is driving a vehicle anywhere in the world, essentially". The 10 million bpd of OPEC + manufacturing curb may improve to 20 million bpd if different oil producing global locations exterior the worldwide physique, such as the US, Mexico, Canada, Brazil and Norway, additionally ...

by | April 21, 2020 | 07:11

If you click on them we may earn a small commission. Refiners are processing much less crude than normal, so hundreds of millions of barrels have gushed into storage facilities worldwide. "There's not a lot of hope that things are going to change in 24 hours". Faced with the situation, the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russian Federation, a grouping known as OPEC+, have agreed to cut output by 9.7 million barrels per day (bpd).

by | April 21, 2020 | 06:01

After his release on bail on Saturday afternoon, Martin Lee said he did not regret his actions. Hong Kong's economy contracted for the first time in a decade in 2019 due to often-violent anti-government protests and the US-China trade war.

by | April 21, 2020 | 04:05

Just a few weeks ago, the airline "strongly rejected" claims its future was at risk, with a spokesman claiming, "Virgin Australia maintains a strong cash position in excess of $1billion and our recent financial results last week showed an increase in revenue and passenger numbers".

by | April 21, 2020 | 01:21

President Trump will address the nation on the coronavirus pandemic on Monday, as state leaders and health experts say that testing limitations continue to slow the country's ability to safely re-open the economy. "Is this really the time for self-congratulations?" Many demanded an immediate lifting of restrictions in a state where more than one million people have filed for unemployment since the crisis began.

by | April 20, 2020 | 23:13

The code also defines just what news content would be covered by the code and will include not just Google Search and Facebook but also Instagram and Twitter. "This is a big mountain to climb ", he said. "What we want to see here is a fair go for the companies and for the journalistic content that is prepared", he told Channel 7.

by | April 20, 2020 | 21:37

The Saudi energy minister said that effective oil supply cuts would amount to 19.5 million barrels per day, because of higher output in April from Saudi Arabia , the UAE and Kuwait as King Salman bin Abdulaziz, Russia's President Vladimir Putin and his US President Donald Trump stressed the need to continue to fulfill their responsibilities to stabilise oil markets and support the global economy.

by | April 20, 2020 | 21:26

Economic activity has ground to a halt as governments around the globe extend shutdowns to stem the swift spread of the coronavirus . The price of oil has continued to slide even after OPEC and its allies agreed to the biggest-ever production cut - one meant to backstop prices.

by | April 20, 2020 | 20:54

One American oil benchmark, West Texas Intermediate, fell by an astonishing 40% on Monday as global oil markets continue to grapple with a pandemic-driven collapse in demand . The U.S. has become the world's largest oil producing nations in recent years as a result of shale extraction. This has led to drilling halts and drastic spending cuts.

by | April 20, 2020 | 20:13

Walmart ( WMT ) has already surpassed its hiring goal of 150,000 new associates in less than a month, planning to add more even as the coronavirus pandemic badly damages the economy , sparking widespread job losses. Walmart added that about 85% of the new hires are now temporary or part-time, but those jobs may "morph" into full-time roles, executive vice president Dan Bartlett told reporters last month.

by | April 20, 2020 | 15:59

United States benchmark, West Texas Intermediate, has fallen to the $15 range as global economies remain on lockdown due to the Covid-19 pandemic, crushing crude demand. Yet despite the weakness in prices, retail investors are plowing money into the oil space. There were some signs of optimism, however, as death rates eased in NY and some of the hardest-hit European countries.

by | April 20, 2020 | 13:45

Antibody tests are created to detect if people have had the virus and are now immune. While antibody tests by themselves are of limited value in the immediate diagnosis of a patient where COVID-19 infection is suspected, using this type of test on many patients may help the medical community better understand how the immune response against the SARS-CoV-2 virus develops in patients over time and how many people may have been infected.

by | April 20, 2020 | 01:16

Staff now employed at Norton will continue to be paid in the same way and are expected to carry on working the same hours (08:00 - 17:30 with 30 minutes unpaid for lunch) at the glorious home of Norton Motorcycles , Donington Hall. This transaction is our way of fulfilling the aspirations of discerning motorcycle customers. "Norton will continue to retain its distinct brand identity with dedicated and specific business plans".

by | April 19, 2020 | 17:13

He says that for that to happen, the country needs "much more evidence capacity, quot; than it now has". He said Amazon will soon test "a small number, quot; of employees". "WHO is leveraging our cloud to build large-scale data lakes, aggregate epidemiological country data, rapidly translate medical training videos into different languages, and help global healthcare workers better treat patients", Jeff Bezos further said.

by | April 19, 2020 | 16:56

Financial markets did not react significantly to the contraction, which was broadly in line with consensus expectations. While new Covid-19 cases are seemingly under control, strict hygiene measures remain in place with all public places required to maintain social distancing.

by | April 19, 2020 | 14:37

With at least two buyout groups preparing to take over Virgin, and the Federal government already providing a package of about A$1 billion for the aviation industry, the Queensland cash injection is a fraction of the A$1.4 billion loan the airline has already requested from the government.

by | April 19, 2020 | 11:54

As of Friday, the fund held 20 percent of its contracts in the second WTI futures month. That meant the price of the May WTI contract had a long way to fall before expiring next week. The U.S. crude gauge fell 20% for a second consecutive week, increasing pressure on American energy producers. The Trump administration is considering paying American companies to leave crude in the ground, while ConocoPhillips is the latest energy major to announce deep cuts to its operations, slashing more than ...

by | April 19, 2020 | 10:26

These drugs interfere with the viral polymerase enzyme (which in the case of HIV is known as reverse transcriptase), acting as defective building blocks that prevent a virus from copying its genetic material. "The totality of the data needs to be analysed in order to draw any conclusions from the trial". The drug, undergoing clinical trials globally at the moment, is yet to be approved for COVID-19 treatment.

by | April 19, 2020 | 07:12

The moves put the S&P 500 on track for its first back-to-back weekly gains since early February. It was a mixed day in markets Thursday as Canada's main stock index closed down on poor performance in the financials and energy sectors while major US stock indices saw gains driven by major tech companies.

by | April 18, 2020 | 21:45

But up to now, they have not applied to China and India's other neighbours including Bhutan, Afghanistan, Myanmar and Nepal. "An entity of a country, which shares a land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government route", said a statement from the Department for Promotion of Industry and Internal Trade ( DPIIT ).

by | April 18, 2020 | 14:25

When asked particularly if she would advise an extension to trade talks, Georgieva said: "My advice would be to seek ways in which this element of uncertainty is reduced in the interests of everybody, the United Kingdom, the European Union, and the whole world".