Oil prices rose more than $5

Oil slid back below $25 a barrel after a record surge as doubts crept in about a deal touted by U.S. President Donald Trump that would see deep…

April 3, 2020

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Unemployment claims for last week

If you thought last week’s gauge of U.S. layoffs was ugly, brace yourself for an even more brutal tally Thursday as the economic damage wrought by the coronavirus…

April 2, 2020

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US filling oil reserves to the top

The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the emergency oil reserve, as it seeks…

April 1, 2020

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Coronavirus to hit the growth in Asia

The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an…

March 31, 2020

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Lockdown could last up to 6 months

The lockdown in the U.K. to stop the coronavirus outbreak could last for up to six months, government officials warned Sunday, as the U.S. and other European nations…

March 30, 2020

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European shares retreat

European shares tumbled in early trading on Friday after a stunning three-day rally sparked by hopes of more aggressive stimulus to shore up the global economy ravaged by…

March 27, 2020

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$58 billion aid to airlines

The U.S. Senate offered struggling airlines aid worth $58 billion that will helping cover their staff wages, as carriers around the world seek state support and turn passenger…

March 26, 2020

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US congressional leaders agree on $2tn stimulus deal

The Senate will vote on the $2-trillion package later in the day and the House of Representatives is expected to follow suit soon after. “This is a wartime…

March 25, 2020

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The pound tumbled to $1.15 on Wednesday

The pound tumbled to $1.15 last week, its lowest level since 1985, and below the point it tumbled to in the wake of the Brexit vote. But, unlike…

March 24, 2020

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