Trading Ideas
How long should I keep my tax returns? Answer: It depends
If you’ve crossed the finish line and already filed your taxes this year, remember to keep that info in a secure place. …read more […]
Month: March 2020
Business News
Fiat Chrysler temporarily halts some Italian plants to battle virus
Fiat Chrysler is temporarily halting operations at some plants in Italy and will reduce production rates in response to the coronavirus outbreak in the country, the largest in Europe, a spokesman for the automaker said on Wednesday.
Business News
Stocks gain after emergency BoE cut adds to stimulus hopes
European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak.
Trading Ideas
Saudi Arabia Will Boost Oil Output Capacity to 13 Million Barrels a Day
(Bloomberg) — Saudi Arabia ordered state-run oil producer Aramco to boost the kingdom’s output capacity by 1 million barrels a day, the latest escalation in a battle for control of the global petroleum market.While delivering the extra capacity may take years and many billions of dollars in investment, the decision shows that Crown Prince Mohammed bin Salman has little intention of pulling back from his aggressive response to the breakdown of OPEC’s alliance with Russia and other oil producers.The country’s energy ministry, headed by Prince Mohammed’s half-brother, ordered Saudi Aramco to boost its output capacity for the first time in …read more […]
Business News
Saudi announces plan to boost oil production capacity for first time in years
Saudi Arabia said on Wednesday it plans to boost oil production capacity for the first time in more than a decade, a day after it announced a record high hike in crude supply in a battle for market share that has hammered global prices this week.
Business News
Adidas sees $1 billion coronavirus hit to China sales, Puma warns on profit
German sportswear makers Adidas and Puma warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were early signs of improvement there the impact had spread to other markets.
Business News
Fiat Chrysler might temporarily close Italy plants in response to virus
Fiat Chrysler said on Wednesday it might temporarily close some plants in Italy, where necessary, in response to a coronavirus outbreak in the country, the largest in Europe.
Trading Ideas
ECB’s Lagarde Warns of 2008-Style Crisis Unless Europe Acts
(Bloomberg) — Christine Lagarde said Europe risks a major economic shock similar to the financial crisis unless leaders act urgently on the coronavirus, and indicated the European Central Bank will take steps as soon as this week.The ECB president told European Union leaders on a conference call late on Tuesday that without coordinated action Europe “will see a scenario that will remind many of us of the 2008 Great Financial Crisis,” according to a person familiar with her comments. With the right response, the shock will likely prove temporary, she added.German bunds fell, with the yield on 30-year debt rising …read more […]
Business News
BoE allows banks to tap capital cushion during coronavirus
The Bank of England told banks on Wednesday they can tap one of their capital buffers to maintain lending during the coronavirus epidemic, but warned they must not use the cash for bumping up bonuses or dividends.
Business News
Britain fires with both barrels: emergency rate cut and budget boost
The Bank of England cut interest rates by half a percentage point to 0.25% and announced measures to support bank lending ahead of a budget that is set to open the taps on spending to bolster Britain’s economy against the coronavirus outbreak.
Business News
Text: Bank of England cuts rates to 0.25% to bolster UK economy
The Bank of England cut its key interest rate to 0.25 percent on Wednesday and announced a raft of other measures to bolster Britain’s economy against disruption caused by the coronavirus outbreak.
Business News
Oil falls after Saudi Aramco asked to raise output capacity
Oil prices fell on Wednesday, giving up earlier gains, after Saudi Aramco said it had been directed by the energy ministry to raise its production capacity by a million barrels per day.
Business News
Uber may suspend accounts of riders, drivers who test positive for coronavirus
Uber Technologies Inc notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or have been exposed to it, the ride-hailing company said on Wednesday.
Business News
European stock futures jump as BoE joins rate cut party
Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak.
Business News
One person infected with coronavirus at Equinor’s offshore oil project
A worker at Equinor’s Martin Linge offshore oil and gas development has been diagnosed with the coronavirus and is being held in isolation, the Norwegian energy firm said on Wednesday.