Monday 30th of March 2020
World’s largest glove maker sees shortage as coronavirus fight spikes
Malaysia’s Top Glove Corporation Bhd , which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronavirus...
Coronavirus: Egypt’s banks told to limit withdrawals and deposits
Egypt’s central bank said on Sunday it has instructed banks to put limits on daily withdrawals and deposits of 10,000 Egyptian pounds ($636.94) for individuals and 50,000 pounds for companies amid con...
Wealthy snap up art, antiques as coronavirus hits traditional investments
Sales of art and other luxury products have surged in the first months of 2020 as the coronavirus pushes investors to change what they are buying, according to a report by luxury auctioneer Sotheby’s.
Coronavirus: Fears of condom shortage as world's largest maker halts production
A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production.
Coronavirus: Fitch downgrades UK rating, negative outlook
Fitch Ratings downgraded its UK long-term issuer default ratings to AA- from AA with a negative outlook due to the impact of the coronavirus, coupled with lingering Brexit questions, on the country’s...
Pipeline firms ask Texas producers to cut oil output, storage low: Regulator
Texas producers are beginning to receive requests from pipelines to reduce output as storage begins to run low, according to a tweet from Texas Railroad Commissioner Ryan Sitton.
Russia’s Rosneft terminates Venezuela operations, sells assets
Russia’s largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there.
Global economy enters recession says IMF Chief
The governing body of the IMF—the International Monetary and Financial Committee (IMFC), representing our 189 member countries— met to discuss the unprecedented challenge posed to the world by COVID-1...
Wall Street tumbles as US virus cases in the US pass 85,000
Wall Street tumbled on Friday, ending a massive three-day surge after doubts about the fate of the US economy resurfaced and the number of coronavirus cases in the country climbed.
Negative prices seen in one corner of US oil market
In an obscure corner of the American physical oil market, crude prices have turned negative – producers are actually paying consumers to take away the black stuff.
Qatar Airways revenue drops 80 pct, will seek state aid: CEO
Qatar Airways Chief Executive Officer Akbar Al Baker said many airlines will go bust as the coronavirus outbreak ravages demand for travel, limiting the scope for takeovers
Huawei Workers Return After Coronavirus, But CEO Sees Financial Hit
Most employees at Huawei Technologies Co. are back at work following the coronavirus outbreak, though the pandemic is likely to hit the Chinese telecom giant’s financial results this year