Articles by admin

Boeing Co’s proposal to leave wiring bundles in place on the grounded 737 MAX has not won the backing of U.S. aviation regulators, a person briefed on the matter told Reuters. Last month, Boeing told the Federal Aviation Administration (FAA) it does not believe it needs to separate or move wiring bundles on its grounded 737 MAX jetliner that regulators have warned could short circuit with catastrophic consequences. The source said the FAA told Boeing on Friday that it did not agree with the planemaker’s argument that the planes’ wiring bundles meet safety standards and now it is …read more […]

(Bloomberg) — Waves of selling in U.S. stock index futures triggered Chicago Mercantile Exchange limits that prevent declines from surpassing 5% from a closing reference price, as the spreading coronavirus rattled investors and crude oil plunged.E-mini futures on the S&P 500 Index sank 5% to 2,819 as of 8:05 p.m. in New York, hitting a limit triggered when the measure falls 5% from the price calculated in the last 30 seconds of trading Friday. The curb means the contract can’t trade at a lower price for the remainder of the overnight session, although transactions at or above the threshold are …read more […]

Lookout below for oil prices as Saudi Arabia ratchets up pressure on Russia. …read more […]

Mar.08 — Jasmin Argyrou, director and portfolio manager at Credit Suisse Private Bank, discusses the outlook for the Australian economy, policies, and the fiscal stimulus package to protect the economy against the impact of the coronavirus that is expected to be announced Tuesday. She speaks with Paul Allen on “Bloomberg Markets.” …read more […]

American singer Elvis Presley, also known as the “King of Rock ‘n’ Roll”, died nearly 43 years ago. But his memory lives on in Hong Kong in the heart and soul of Kwok Lam-sang. Better known as “Melvis”, Kwok is one of the city’s busiest Elvis impersonators, who for about 28 years has consistently been taking his sometimes quirky renditions of Presley’s songs to the city’s entertainment districts. Kwok says he rarely takes a day off, and is ready to keep the King’s memory alive in his… …read more […]

The world’s faltering effort to contain the coronavirus outbreak hammered stock and oil futures on Sunday, which indicated a sharply lower open on Wall Street. …read more […]

Mar.08 — Katie Bays, co-founder of advisory firm Sandhill Strategy LLC, discusses the outlook for oil prices. Oil markets fell the most since the U.S. war in Iraq in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world’s biggest producers. Bays speaks with Paul Allen on “Bloomberg Markets.” …read more […]

Asian share markets were set for a beating on Monday as investors fled to bonds to hedge the economic shock of the coronavirus, and oil plunged more than 20% after Saudi Arabia slashed its official selling price. The world’s top oil exporter plans to raise its production significantly after the collapse of OPEC’s supply cut agreement with Russia, a grab for market share reminiscent of a drive in 2014 that caused prices to slump around two thirds. The number of people infected with coronavirus topped 107,000 across the world as the outbreak reached more countries and caused more …read more […]

(Bloomberg) — Oil markets tumbled the most since the Gulf War in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world’s biggest producers.In one of the most dramatic bouts of selling ever, Brent futures sunk by 31% in a matter of seconds after the open of trading in Asia on Monday after already suffering their biggest loss since the global financial crisis at the end of last week. As Brent collapsed as low as $31 a barrel, Goldman Sachs Group Inc. warned prices could drop into the $20s.Hammered by a collapse in demand due …read more […]