Turkey slashes growth forecasts in economic plan, lira falls
Turkey sharply cut its growth forecasts for this year and next on Thursday, but disappointed investors who had hoped for deeper reductions that reflected the fragile state of the economy and a plan to help banks. Sonia Legg reports......»»
Here Are The Three Steps For An "Exit Plan" Torward Full Economic Re-opening
Here Are The Three Steps For An "Exit Plan" Torward Full Economic Re-opening Global infection growth slowed from 40% W/W to 20% W/W in the last fortnight (total infection: 2,709,483, death: 190,872, 7.0% mortality ra.....»»
Wall Street falls as U.S. crude crash adds to pandemic woes
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual forecasts by companies foreshadowed the biggest economic slump since the Great Depression......»»
Wall Street falls as U.S. crude collapse compounds pandemic woes
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual profit forecasts by companies foreshadowed the biggest economic slump since the Great Depression due to the coronavirus outbreak......»»
Oil falls as Chinese economy outweighs Trump plan to ease lockdown
Oil prices fell on Friday, giving up early gains as China's worst economic contraction on record outweighed news of U.S. President Donald Trump's plans to get the American economy moving again......»»
Europe Markets: European stocks fall on grim economic forecasts and EU failure to agree a pandemic recovery plan
European stocks fell Wednesday as investors looked at some gloomy economic forecasts and the failure of the European Union to come up with a united front against the pandemic......»»
Wall Street falls as coronavirus shreds U.S. payrolls
Wall Street's main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months and amped up fears of a deep economic slow down......»»
Stock futures drop, hit "limit down", even as Fed slashes rates
Stock futures were down sharply on Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak......»»
Oil falls as Saudi, UAE plan for higher output capacity
Oil prices fell on Wednesday after Saudi Arabia and the United Arab Emirates announced plans to boost production capacity and OPEC and the U.S. Energy Information Administration (EIA) slashed oil demand forecasts because of the coronavirus outbreak......»»
Economists slash global growth forecasts as coronavirus spreads
Analysts around the world slashed their 2020 economic forecasts as the coronavirus continued to spread beyond China and weak Asian data offered an early hint at the infection’s cost to business......»»
Economists slash global growth forecasts as coronavirus spreads
Analysts around the world slashed their 2020 economic forecasts as the coronavirus continued to spread beyond China and weak Asian data offered an early hint at the infection’s cost to business......»»
HSBC sets new cost cutting, earnings targets after profit falls 33%
The wider strategy overhaul also comes amid slowing economic growth in HSBC's major markets.....»»
Cold Turkey: investor exodus tests Erdogan"s economic experiment
A run on the lira proved a pivotal moment for Turkey's financial markets in 2018, prompting action from Ankara that has tilted the economy inward and frightened off foreign investors......»»
Market Snapshot: Dow tumbles 600 points as Trump declares public health emergency for coronavirus epidemic
U.S. stocks tumbled Friday, with the Dow and S&P 500 index recording their biggest one day falls since August, as fears that Chinese coronavirus epidemic would slow economic growth rattled Wall Street......»»
Oil falls as virus outbreak shakes growth predictions
Oil prices fell on Friday, on track for a fourth straight weekly loss, on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people......»»
Oil falls for sixth day as China virus raises global growth, demand concerns
Oil futures fell for a sixth session on Tuesday as the spread of a new virus in China and several countries raised concerns about a hit to economic growth and oil demand......»»
Oil falls 3% as specter of China virus threatens fuel demand
Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories......»»
Oil falls 2% as specter of China virus threatens fuel demand
Oil prices fell more than 2% on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories......»»
Oil falls as spectre of China virus looms over fuel demand
Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago......»»
Wall Street falls as China virus reaches the U.S.
Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast......»»
OPEC Forecasts Higher Demand for Crude as Global Economy Improves
The easing of trade tensions between the United States and China is expected to lift global economic growth in 2020. OPEC expects demand for oil to put a strain on supplies, raising prices for the........»»