Trump threatens new tariffs on China

U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on…

May 1, 2020

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Hope for Coronavirus treatment

Stocks have taken flight on the back of hope of a coronavirus treatment and a pledge by the Federal Reserve that it will do whatever it takes to…

April 30, 2020

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Industrial profits in China fell 36%

Profits earned by China’s industrial firms in March fell 34.9% from a year earlier to 370.66 billion yuan ($52.43 billion), the statistics bureau said on Monday. The decline…

April 27, 2020

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Europe stocks lower, Leaders fail to reach stimulus deals

European stocks dropped after two days of gains, as European leaders failed to agree on a long-term stimulus package and reports of a failed Covid-19 drug trial weighed…

April 24, 2020

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Euro zone business activity crushes

Euro zone business activity hit another record low during April in another sign that the coronavirus pandemic is causing severe economic damage across the region. The IHS Markit Purchasing Managers’…

April 23, 2020

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Crude oil is back above $1

US oil prices are back in positive territory Tuesday after a stunning collapse Monday that saw levels crash below zero, trading at the lowest level since NYMEX opened futures…

April 21, 2020

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US oil prices drop to 20-year low

Crude oil futures fell dramatically on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US…

April 20, 2020

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China GDP down 6.8% in Q1, ending a nearly half century of growth

The coronavirus outbreak has brought China’s extraordinary, nearly half-century-long run of growth to an end — a stark reminder of the enormous task ahead for world leaders trying to restart…

April 17, 2020

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U.S. considering paying drillers

The Trump administration is considering paying U.S. oil producers to essentially stop producing, in a bid to help alleviate the oversupply in the market that has pushed crude prices…

April 16, 2020

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