Trading Ideas
Year: 2020
Trading Ideas
Europe Is Going to Head Into a Technical Recession: OMFIF’s Kyriakopoulou
Mar.23 — Danae Kyriakopoulou, chief economist at OMFIF, discusses her outlook for the European economy as the fallout from the spread of the coronavirus takes its toll. She speaks on “Bloomberg Markets: European Open.” …read more […]
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Covid-19 patient and NHS nurse appeal to UK public to act responsibly amid coronavirus outbreak
As the coronavirus pandemic spreads, the UK is among nations where concerns are rising about how to tackle the health crisis in community hospitals. Two social media videos that have been widely shared online feature remarks from a Covid-19 patient and a National Health Service (NHS) nurse who each urge people in Britain to act responsibly. …read more […]
Business News
Shell cuts 2020 spending by $5 billion, suspends share buyback
Royal Dutch Shell will lower spending by $5 billion and suspended its vast $25 billion share buyback plan in an effort to weather the recent collapse in oil prices, it said on Monday.
Business News
Home work triggers demand jump for chips, laptops and network goods
With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network peripherals as well as components along the supply chain such as chips, as companies rush to build virtual offices.
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Germany Lines Up $370 Billion in Borrowing
Mar.23 — Germany may borrow as much as $370 billion in an unprecedented financing push to cushion the fallout from the coronavirus pandemic. Bloomberg’s Maria Tadeo and Annmarie Hordern report on “Bloomberg Markets: European Open.” (Corrects amount of financing in headline.) …read more […]
Trading Ideas
Germany Lines Up $370 Million in Borrowing
Mar.23 — Germany may borrow as much as $370 billion in an unprecedented financing push to cushion the fallout from the coronavirus pandemic. Bloomberg’s Maria Tadeo and Annmarie Hordern report on “Bloomberg Markets: European Open.” …read more […]
Business News
Netflix to reduce quality of streams in Israel
Netflix said on Monday it would reduce quality of its streams in Israel for the next month in response to a jump in data congestion traffic caused by people remaining home due to the coronavirus outbreak.
Trading Ideas
Home work triggers demand jump for chips, laptops and network goods
Many firms have withdrawn earnings forecasts, anticipating a drop in consumer demand and economic slump, but performance at electronics retailers and chipmakers is hinting at benefits from the shift in work culture. Over roughly the same period, South Korea – home of the world’s biggest memory chip maker, Samsung Electronics Co Ltd – on Monday reported a 20% jump in semiconductor exports. Worldwide, the flu-like virus has infected over 300,000 people and led to almost 15,000 deaths since China first reported the outbreak in December. …read more […]
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SoftBank Unveils Dramatic $41 Billion Asset Sale Plan
(Bloomberg) — SoftBank Group Corp. unveiled a plan to raise as much as 4.5 trillion yen ($41 billion) over the coming year to buy back stock and slash debt, a dramatic attempt to reassure investors about the stability of its empire amid fallout from the global outbreak of Covid-19.Billionaire Masayoshi Son’s investment giant said it’s authorized the sale or monetization over the next four quarters of unspecified assets. It didn’t say which, but SoftBank has major holdings in corporations from China’s Alibaba Group Holding Ltd. to sharing-economy stalwarts such as Uber Technologies Inc. and WeWork. Part of the sale proceeds …read more […]
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Airlines Carnage Deepens With Emirates, Singapore Air Cuts
(Bloomberg) — The crisis engulfing the aviation industry deepened after some of the world’s biggest international carriers announced drastic measures to cope with the coronavirus outbreak, with giants Emirates and Singapore Airlines Ltd. among the latest to slash flights.Dubai-based Emirates, the world’s largest long-haul airline, will stop flying passengers for two weeks starting March 25 because of travel restrictions. Singapore Airlines said Monday it’s cutting 96% of its capacity through April, mirroring an announcement by Hong Kong’s Cathay Pacific Airways Ltd. on Friday.Airlines across the globe, estimated to be facing more than $100 billion in lost revenue this year, are …read more […]
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Business News
Apple scraps curbs on online buyers of iPhones amid virus outbreak
Apple has dropped a two-device limit on online purchases of iPhones, a check of its web stores showed on Monday, just days after changing the checkout procedure amid a coronavirus pandemic.
Business News
Shell lowers 2020 capex, suspends share buyback
Oil major Shell lowered capital expenditure for 2020 by about $5 billion on Monday and suspended the next tranche of its share buyback plan, as the company tries to weather a hit from the recent oil price crash.
Business News
Goldman Sachs sees 1% drop in global GDP due to ‘coronacrisis’
Goldman Sachs said it expected global real gross domestic product to contract by about 1% in 2020, a sharper economic decline than in the year following the 2008 global financial crisis.