Monday September 21-st, 2020

Trump says oil output cut could be more than 10 mln bbls Trump says oil output cut could be more than 10 mln bbls

Only oil demand growth could change the situation in the market, production cuts cannot compensate for the decreased demand that was caused by the coronavirus pandemic, the minister said. While Wednesday's percentage rise sounds impressive it pales...

Coronavirus: Oil prices rise on hopes of a price war truce Coronavirus: Oil prices rise on hopes of a price war truce

ANZ Bank said USA crude prices were also being supported by reports that the U.S. energy department might rent space in the country's emergency oil reserves to local producers. Brent crude rebounded by 10pc to $27 a barrel on the news. Througho...

USA jobless claims hit 6.6 million as coronavirus layoffs continue USA jobless claims hit 6.6 million as coronavirus layoffs continue

Economists surveyed by Dow Jones estimated 3.1 million, a week after almost 3.3 million filings in the first wave of what has been a record-shattering swelling of the jobless ranks. But analysts said even that lofty number was low because many states...

COVID-19 infections accelerate at Oakdale Federal Prison COVID-19 infections accelerate at Oakdale Federal Prison

He had been housed at FCI Oakdale I, a low-security prison in Louisiana. New Orleans Public Radio learned of the death from staff at the facility. The "Phase Five" changes are part of an ongoing action plan by the federal prison system to priorit...

Indonesia c.bank sees rupiah heading toward 15,000/dlr by year-end Indonesia c.bank sees rupiah heading toward 15,000/dlr by year-end

The committee predicted Indonesia's economy to grow by 2.3 percent in a severe scenario, and may go down by 0.4 percent in a very severe scenario. The upper end of the forecast is less than half the government's earlier projection of 5.3 percent GDP ...

Putin, Trump Agree Sinking Oil Prices Not In Mutual Interest Putin, Trump Agree Sinking Oil Prices Not In Mutual Interest

WTI Crude closed down $.17 today at $20.31 a barrel - the lowest it's been in years. At the same time demand has been hit hard by shutdowns around the world to slow the spread of the coronavirus . The American oil group Whiting Petroleum Corporati...

Millions of Marriott guests exposed in new data breach Millions of Marriott guests exposed in new data breach

The breach is the third such incident Marriott has experienced in recent years, most notably including a breach in 2018 that was initially thought to have impacted over 500 million users. The company has already taken the step of disabling the passwo...

China says manufacturing activity expanded in March, defying expectations of a contraction China says manufacturing activity expanded in March, defying expectations of a contraction

Euro zone manufacturing activity collapsed last month as breaks in global supply chains caused by measures to curb the coronavirus pandemic crushed output, and the nosedive could worsen in coming months, a survey showed on Wednesday. Both fell at ...

Trump ready to end oil-price war Trump ready to end oil-price war

Adding to the downward pressure, sources told Reuters that top USA officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market. Brouillette and Novak "had a productive discussion on the current volati...

Jason Kilar to take lead at WarnerMedia Jason Kilar to take lead at WarnerMedia

Although he was instrumental in developing the company's streaming service to compete with Netflix and Amazon , some WarnerMedia execs complained that Stankey - a longtime AT&T veteran - lacked entertainment experience. "His experience in media and ...

Home Depot, Costco adjust hours, limit number of customers amid coronavirus outbreak Home Depot, Costco adjust hours, limit number of customers amid coronavirus outbreak

Walmart Inc., the country's biggest retailer, said yesterday that it will check the temperature of all of its employees before each shift, after earlier unveiling reduced hours and social-distancing practices at its USA stores. On Tuesdays, Wednesday...

Coronavirus job retention scheme Coronavirus job retention scheme

This therefore would not include self-employed workers or contractors. Joe Michna, manager at Citizens Advice Hartlepool, has given this advice. Can I be furloughed if I'm a part-time worker? FURLOUGH leave is something which many employees...

Stock markets around the world drop sharply Stock markets around the world drop sharply

FTSE China A50 futures in Singapore have been down 0.85%, and Japan's Nikkei fell 1.86% in early commerce. The first-quarter decline was the biggest on record for the S&P 500 as consumers hunkered down at home, leading businesses to announce mass...

Cunard Pauses Voyages Until May 15, 2020

Full details on voyage cancellations and Cunard's current cancellation policies can be found on Cunard.com. The Zaandam, a cruise ship operated by Holland America, is now stuck at sea and looking for a port, after eight people tested positive f...

Virgin Australia seeks A$1.4 billion government rescue loan Virgin Australia seeks A$1.4 billion government rescue loan

The prime minister will face a slew of businesses "rattling the tin" in expectation the government will bail them out if the Coalition agrees to Virgin's $1.4 billion rescue loan plan, according to Sky News Business editor Ticky Fullerton. Picture: A...

Oil heads for its worst quarter ever as real crude prices plunge Oil heads for its worst quarter ever as real crude prices plunge

Saudi Arabia , which is behind the increase in production, needs an oil price of $82 a barrel to break even. U.S. crude oil dropped below $20 (€18.13) per barrel early on Monday. While social-distancing measures imposed by governments around the ...

Fed launches temporary repo facility with foreign central banks Fed launches temporary repo facility with foreign central banks

Stresses in the US dollar markets have pushed the Federal Reserve to open up a facility where foreign central banks can temporarily swap USA government bonds with greenbacks, as the coronavirus continues to grip markets around the world.

Gas prices falling in Tennessee as COVID-19 slows travel demand Gas prices falling in Tennessee as COVID-19 slows travel demand

The goal behind the low prices? Gas Buddy, a price-checking phone app, listed Gas USA's prices as one of the lowest in the area Tuesday morning, with only EXBO, a gas station down the road at Bellaire Avenue and West 117th Street, matching Gas USA'...

China says manufacturing back on track despite COVID-19 China says manufacturing back on track despite COVID-19

A closely watched official survey of Chinese factories suggested that an easing of restrictions in the country has prompted a rebound, with the manufacturing sector's purchasing managers' index (PMI) reading coming in at 52.0 in March. The Nikkei A...

The number of coronavirus cases in Spain has surpassed China The number of coronavirus cases in Spain has surpassed China

A U.S. Navy hospital ship with 1,000 beds arrived in NY to help relieve the crisis gripping the city. The USNS Comfort - also sent to New York City after 9/11 - will be used to treat non-coronavirus patients while packed hospitals deal with those wit...

MSC Extends Cruising Halt Through May 29 MSC Extends Cruising Halt Through May 29

The first option offers 100% future cruise credit. In line with direction from health experts and government officials, Disney Cruise Line has chose to extend the suspension of all new departures through Tuesday, April 28, 2020. MSC Cruises is w...

Air Canada Puts 16,500 Staff on Furlough, Cuts Operations Air Canada Puts 16,500 Staff on Furlough, Cuts Operations

Air Canada said its cost reduction scheme aims to save least $500 million. Air Canada is working with Ottawa to repatriate Canadians overseas. Air Canada said it will draw down its operating lines of credit of about C$1-billion (about $700 b...

USPS Workers Get COVID-19 USPS Workers Get COVID-19

The statement continues saying employees are receiving the latest COVID-19 information through video, email, internal newsletters, and though Operations and HR departments. The statement closes by expressing appreciation for employees maintaining USP...

Gold prices today fall for second day, silver rates crash Gold prices today fall for second day, silver rates crash

Asian shares were sharply lower today while oil prices took another beating. "We expect demand for gold to remain strong, at least until such time that economic conditions stabilise and the outlook begins to improve following the raft of unprecedente...

Canadian Prime Minister Justin Trudeau's wife Sophie has recovered from coronavirus Canadian Prime Minister Justin Trudeau's wife Sophie has recovered from coronavirus

During the event, Ms Trudeau was seen posing in photographs next to celebrities Lewis Hamilton and Idris Elba who were also in attendance. The organization suggested that one in five small and medium-sized businesses remain open during the economic...

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