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Brent crude sinks below $30/bbl as recession fears weigh
Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia kept up their battle for market share......»»
Saudi economic forum opens but many absent over Khashoggi
A high-profile economic forum in Saudi Arabia has begun in Riyadh, the kingdom's first major event on the world stage since the killing of writer Jamal Khashoggi at the Saudi Consulate in Istanbul earlier this month......»»
Saudi Crown Prince sidelined in G20 family photo
Saudi Arabia's Crown Prince Mohammed bin Salman was sidelined during the official "family photo" of world leaders and other dignitaries at the Group of 20 summit in Buenos Aires on Friday, standing at the far edge of the group portrait and ignored......»»
Investor Summit Group to hold a virtual summit
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
As housing surges, design studio"s virtual shift spells opportunity
The Covid-19 pandemic a year ago threatened to crush this interior design startup, but its shift to virtual services now opens the door to thrive in a housing market that's hot and a commercial sector needing guidance......»»
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion
Saudi Arabia's state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets......»»
Oil futures end higher as Middle East tensions raise stability concerns
Oil futures settled higher on Friday on news of rising tensions between the Iran-backed Houthis political group in Yemen and Saudi Arabia. Reuters reported that the .....»»
Stove and Tap opens third location in West Chester
The new eatery comes as Stove and Co. Restaurant Group finds the suburban market "as good as it could ever be" amid the Covid-19 pandemic......»»
JobsOhio leader: State positioned to emerge from pandemic stronger than ever
The leader of Ohio's private economic development group said the state has a "generational opportunity" to emerge from the pandemic stronger than ever......»»
JobsOhio leader: State positioned to emerge from pandemic stronger than before
The leader of Ohio's private economic development group says the state has a "generational opportunity" to emerge from the pandemic stronger than ever. And the Dayton region will play a big role in making this opportunity come to fruition......»»
Russia, Saudis deadlock over whether OPEC should boost crude output: WSJ
Saudi Arabia and Russia deadlocked Monday over whether their producers’ alliance should boost crude output amid a resurgent pandemic, delegates said after a day of talks ended without a deal......»»
Saudi Arabia is tripling its value-added tax rate in a plan to save $27 billion amid plummeting oil prices and the coronavirus
adznano3/Shutterstock Saudi Arabia is tripling its value-added tax (VAT) rate as part of its plan to save $27 billion amid a series of economic crises. VAT will.....»»
The Wall Street Journal: J.Crew files for bankruptcy protection, reaches debt-swap deal
J.Crew Group Inc., the preppy U.S. retailer that recently fell on hard times, Monday filed for bankruptcy protection, as several high-profile companies in the U.S. battle with the economic and financial impact of the coronavirus pandemic......»»
Hawaii Economic Association panel to discuss impact of Covid
Hawaii economists, a state tax official and two local business consultants will discuss the economic impact of the Covid-19 pandemic on the state, the consequences to tax revenue and potential paths forward during a free virtual panel discussion p.....»»
Pandemic could trigger urban flight
The lasting fallout of the urban flight, triggering further income inequality and budget shortfalls, according to city business leaders. “What oil is to Saudi Arabia our workforce is to New York,â€... To view the full story, click the title link......»»
These 44 businesspeople will help Orange County restart the local economy post-pandemic
Orange County has named 44 Central Florida businesspeople as part of its new planning group to help restart the local economy. The Orange County Economic Recovery Task force will have its first meeting virtually on April 22 from 9:30-10:30 a.m., Ora.....»»
Citigroup profit tumbles as loan defaults loom
Citigroup Inc reported a 46% plunge in quarterly profit on Wednesday as the bank set aside nearly $5 billion to prepare for an expected flood of defaults on loans due to a virtual halt in economic activity caused by the coronavirus pandemic......»»
Citigroup profit nearly halves as loan defaults loom
Citigroup Inc reported a 46% plunge in quarterly profit on Wednesday as the bank set aside nearly $5 billion to prepare for an expected flood of defaults on loans due to a virtual halt in economic activity caused by the coronavirus pandemic......»»
Saudi energy minister says OPEC+ effective oil cuts are 12.5 million bpd
The Saudi energy minister said on Sunday that effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day, because of higher output in April from Saudi Arabia, the United Arab Emirates and Kuwait......»»
Saudi, others resist Mexican plan to make small oil output cuts - sources
Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday......»»