Wall Street coronavirus contingency plans – the state of play


(Reuters) – As the coronavirus spreads in the financial hub of New York, financial firms – led by the Securities Industry and Financial Markets Association (SIFMA)– have triggered their contingency plans and are taking other precautions. As of Sunday, here is the state of play: […]

Take Five: Credit crunch at time of rock-bottom rates?


(Reuters) – 1)CROSSING OVER? Is it possible we may see a wave of corporate defaults at a time when interest rates are at record lows and falling? In Europe, where many rates are below 0%, signs of stress are emerging as the coronavirus outbreak hits […]

OPEC oil cuts deal in trouble as Russia resists


VIENNA (Reuters) – OPEC’s plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too early to predict the impact of a coronavirus outbreak on global energy demand, sources told Reuters. A […]