Oil rebounded on Wednesday after a two-day fall, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic.
Britain's biggest retailer Tesco expects to take a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it was unable to give a profit forecast for this financial year.
While some respondents to ASIC's “Dear CEO” letter demonstrated that significant planning was under way for LIBOR transition, in other cases this work has yet to commence.
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British online fashion retailer ASOS Plc said it had raised 247 million pounds ($304 million) via a placing, to help it shore up its finances in case of a prolonged business downturn from the coronavirus pandemic.
Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc , the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.
As several European borders limit travel to stop the spread of COVID-19, two of the world's biggest pulp makers say transportation logjams are delaying shipments of the raw material - the only ingredient in the toilet paper that people are hoarding to weather quarantines.
The April 8 sentencing control date is adjourned to July 8, 2020, Judge Edgardo Ramos of the New York Southern District Court said.
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The U.S. government's massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don't-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt.
Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials on Saturday, a source familiar with the planning said on Tuesday.
Australia's Treasury Wine Estates Ltd said it may spin off the prestigious Penfolds label and shrink its low-end "commercial" division in the United States as it seeks ways to grow profit amid upheaval brought by the coronavirus crisis.
Saudi Arabia, Russia and allied oil producers will agree to deep cuts to their crude output at talks this week only if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis.
The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday.
The White House hopes Congress will nearly double the size of its program to support ailing small businesses by the end of the week, as some of the nation's largest lenders still sit on the sidelines and others remain unable to access the system.
Airbnb Inc's new $1 billion investment from private equity firms Silver Lake and Sixth Street Partners has terms that imply a reduced valuation of the home rental company, people familiar with the matter said on Tuesday.
U.S. casino operator Wynn Resorts Ltd and automated teller machines maker NCR Corp jointly raised $1 billion on Tuesday, in the first unsecured junk-rated bond offerings since the market was roiled by the coronavirus outbreak at the start of March.
Tucked away in Colorado is a community of 8,000 that one U.S. biotech company is using as a prototype for coronavirus antibody testing, that could be crucial as the U.S. fights the spread of the contagion. Gavino Garay has more.
Stocks historically spend some time churning before they mark a bottom, notes DataTrek Research co-founder Nick Colas. The cavalry came early when policymakers approved stimulus measures, but the battle isn't over yet, he adds.
Big U.S. banks haven't followed lenders elsewhere by cutting their sacred dividends – but JPMorgan boss Jamie Dimon suggested on Monday they could. There's no reason they'd need to, but there's something to be said for cutting from a position of strength, John Foley argues.
Exxon Mobil Corp throttled back a multi-year investment in shale, natural gas and deep water oil production Tuesday. As Fred Katayama reports, the largest U.S. oil producer said it will cut planned capital spending by 30% this year as the coronavirus pandemic saps energy demand.
Britain's big supermarkets fear they won't be able to supply the country's 60 million people without longer opening hours or a relaxation of social distancing rules introduced to curb the spread of the coronavirus. Ciara Lee reports
Meredith Sumpter, Eurasia Group Head of Research Strategy, says China's global influence will increase during the coronavirus crisis. Gabriela Santos, JPM Asset Management Global Market Strategist, says that the U.S. may be one of the last countries to rid itself of the coronavirus crisis, from a health and economic perspective. William White, Former Chairman of the OECD Economic and Development Review Committee, is fearful that so much money-printing for so long won't re-stimulate the economy after the crisis is over. Ron Temple, Lazard Asset Management Co-Head Of Multi Asset Head of US Equity & Managing Director, says we need to see a continuation of Fed and fiscal stimulus. Alessandro Rebucci, Johns Hopkins University Carey Business School Associate Professor of Economics & Finance, says emerging markets will be put under extreme strain and are much less capable of absorbing the health dimensions of the coronavirus crisis.
The clerk's certificate of default against Benjamin Reynolds was issued on April 6, 2020.
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The Administrators have entered into an agreement with a nominated broker in respect of the transfer of the vast majority of SVS's custody assets and client money.
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This case has wreaked immeasurable havoc on Akshay Aiyer’s life and the lives of those closest to him, the defense argues.
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Michael Buchbinder, Managing Director of Scandinavian Capital Markets, goes into great detail on automated trading with the cTrader platform
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The Hong Kong regulator fines the companies for breaches of regulatory requirements in relation to cash management for SFC-authorized funds.
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E-Global is set to replace plaintiff Sergey Regukh as a proposed class representative.
The post FXCM Inc not to oppose addition of E-Global to list of plaintiffs in “mega lawsuit” appeared first on FinanceFeeds.
The steep increase in revenues has been achieved as a result of significantly increased volatility across global financial markets, which has in turn driven higher levels of customer trading activity.
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The new company RF Nordic Express AB will build and operate microwave routes for the transmission of market data from Stockholm to London.
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