Business News
Number of UK coronavirus cases rises by 46 to 209
The number of confirmed coronavirus cases in the United Kingdom has risen to 209, up from 163, health officials said on Saturday.
Year: 2020
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Bulls And Bears Of The Week: Apple, GE, Walmart, Wells Fargo And More
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included coronavirus picks and a homebuilder.Bearish calls included a top bank, a top retailer and a cannabis stock.In another volatile week in the markets, the Dow Jones industrials managed to end marginally higher, while the S&P 500 and Nasdaq closed essentially flat. The headlines were dominated by the effects of the COVID-19 outbreak, but the week also saw the Treasury bond yield fall to record lows and a surprise rate cut from the Federal Reserve.A venerated former CEO passed away and another top chief …read more […]
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New York governor declares coronavirus state of emergency
The declaration will allow for the state to purchase the necessary supplies and hire workers to assist health officials. …read more […]
Business News
Italian coronavirus cases leap, government to take new steps
The number of coronavirus cases in Italy, Europe’s worst-hit country, leapt by more than 1,200 in a 24-hour period, the Civil Protection Agency said on Saturday, the biggest daily rise since the epidemic began two weeks ago.
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Business News
Maldives confirms first two coronavirus cases; two islands locked down
The Maldives on Saturday reported its first two confirmed cases of new coronavirus, and placed two of its island resorts under lockdown, as authorities conducted further tests to try to limit the spread of the disease.
Business News
German coronavirus cases jump, economic anxiety rises
The number of confirmed coronavirus cases in Germany jumped by more than 100 on Saturday, reaching 795 by mid-afternoon amid growing concern at the economic impact of the spreading epidemic on one of the world’s most trade-dependent economies.
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Saudi Aramco Slashes Crude Prices, Kicking Off Price War
(Bloomberg) — Saudi Arabia kick started an all-in oil price war on Saturday, slashing the official selling prices for its flagship crude Arab Light by the most in 20 years, in an effort to push as many barrels into the market as possible.The cut by Saudi Aramco, the state-owned oil company, came after the collapse of the OPEC+ talks a day earlier, ending the cooperation between Saudi Arabia and Russia that has underpinned oil prices since 2016.The state producer lowered April pricing for crude oil sales to Asia by $4-$6 a barrel to Asia and to the U.S. by $7 …read more […]
Business News
Italy coronavirus deaths slow down, cases leap
The death toll from an outbreak of coronavirus in Italy slowed down on Saturday but the total number of cases in the country leapt by over 1,200, the Civil Protection Agency said.
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Putin Dumps MBS to Start a War on America’s Shale Oil Industry
(Bloomberg) — At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil market upside down.Alexander Novak told his Saudi Arabian counterpart Prince Abdulaziz bin Salman that Russia was unwilling to cut oil production further. The Kremlin had decided that propping up prices as the coronavirus ravaged energy demand would be a gift to the U.S. shale industry. The frackers had added millions of barrels of oil to the global market while Russian companies kept wells idle. Now it was time …read more […]
Business News
Czech coronavirus quarantine measures extended to foreign residents
Foreign nationals living in the Czech Republic will have to enter a two-week coronavirus quarantine if they return to the country from Italy, the European nation hit hardest by the epidemic, Prime Minister Andrej Babis said on Saturday.
Business News
Coronavirus spreads in French parliament
A second member of France’s National Assembly has been taken to hospital after contracting coronavirus and five other lawmakers are being tested for the illness, the lower house’s presidency said in a statement on Saturday.
Business News
Maldives confirms first two cases of coronavirus
The Maldives on Saturday reported its first two confirmed cases of the new coronavirus.
Business News
U.S. judge says Amazon likely to succeed in Defense cloud contract challenge
A U.S. judge said Amazon.com Inc is likely to succeed in its challenge to the U.S. Department of Defense’s decision to award an up to $10 billion cloud computing deal to Microsoft Corp.