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(Reuters) – U.S. stock futures plunged 5% to hit their daily down limit and halt trading after the biggest single-day loss in oil futures in almost 30 years on Sunday exacerbated fears of a credit crunch across financial markets. Saudi Arabia’s plans to hike crude […]
SYDNEY (Reuters) – Global share markets tumbled on Monday as panicked 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. Investors drove 30-year U.S. bond yields beneath 1% […]
WASHINGTON (Reuters) – 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 […]
(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: […]
Shoppers are going wild for a pair of Minnie Mouse trainers which have been reduced from £18 at Primark to go on sale for just £3. The pale pink shoes are emblazoned with 'Minnie Mouse' written in black writing, alongside a black and white picture […]
Following the collapse of regional airline Flybe this week, readers have been contacting me asking what their rights are in relation to cancelled flights. The airline collapsed in the early hours of Thursday morning after failing to secure emergency funding from its lenders – it […]
WASHINGTON (Reuters) – The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has dried up bookings, a source familiar with the plan said on Friday. The move, which could include […]
NEW YORK (Reuters) – U.S. stocks fell on Friday as fears of economic damage from the spread of the coronavirus intensified, though Wall Street’s major indexes ended well above their session lows. The S&P 500 posted its 10th decline in 12 sessions as moves to […]
(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 […]
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 […]