• WTI contracts at levels not seen since 1999

    20 Apr 2020 11:45 AM |

    Crude oil futures fell on Monday with US futures falling more than 10% to levels not seen since 1999 amid concerns that US storage facilities will soon become full as demand fades due to the Coronavirus pandemic.

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  • Interest rate cuts expected after Chinese economy contracts for the first time

    17 Apr 2020 06:14 PM |

    According to a Reuters poll of analysts, China is widely expected to cut its record lending rate on Monday to provide more support to the economy affected by the coronavirus, which contracted for the first time in the first quarter.

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  • Trump unveils three-stage process to end economic shutdown

    17 Apr 2020 05:31 PM |

    President Donald Trump set new guidelines yesterday for the United States to exit the closure due to the coronavirus in a three-step approach aimed at reviving the US economy even as the country continues to fight the epidemic.

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  • Chinese economy contracted in first quarter for first time since 1992

    17 Apr 2020 03:40 PM |

    Data released this morning showed that the Chinese economy contracted for the first time

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  • ECB ready to take necessary measures to fight crisis

    16 Apr 2020 02:48 PM |

    European Central Bank member (ECB), Christine Lagarde, indicated that the bank is ready to take all necessary measures

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  • Trump cuts WHO funding

    15 Apr 2020 02:52 PM |

    On Tuesday US President Donald Trump cut funding to the World Health Organisation (WHO) because of its handling of the coronavirus pandemic, condemning infectious disease experts as

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  • Oil slips with concerns over supply amidst pandemic

    15 Apr 2020 12:10 PM |

    Brent crude futures fell to $27.93, its lowest since the beginning of April, giving up earlier gains to sustain losses from yesterday's drop of nearly more than 7%. WTI also fell to $19.19, after

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  • China's trade balance returns to record surplus despite a 3% decline in exports

    14 Apr 2020 03:41 PM |

    The trade balance in China returned to record a surplus again in March to reach 193 billion yuan

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