April 1, 2020

Dollar rallies as investors brace for global downturn

The dollar rallied against riskier currencies on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions for decades as […]
April 1, 2020

Chinese buyers snap up U.S. oil purchases at widest discounts ever

China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, […]
April 1, 2020

Markets fall as virus woes strike again

World markets fell on Wednesday as the coronavirus threat ensured an ugly start to the second quarter for equities and commodities. Powered by WPeMatico
April 1, 2020

Risk currencies ease, yen firms as investors brace for global downturn

Risk currencies looked fragile and the yen firmed on Wednesday, the first day of a quarter that looks set to see the worst economic contractions for […]
April 1, 2020

Oil prices mixed, U.S. inventory build-up heightens oversupply concerns

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a […]
April 1, 2020

U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan […]
April 1, 2020

Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve

The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the emergency oil reserve, as […]
April 1, 2020

Bond investor Jeffrey Gundlach bets stocks March lows to be surpassed in April

Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows stocks […]
April 1, 2020

Stocks under pressure after biggest quarterly drop since 2008

Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly […]
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