March 16, 2020

Oil slumps below $30-per-barrel as coronavirus spreads, OPEC rancor remains elevated

Oil prices fell below $30 a barrel on Monday as the worldwide coronavirus outbreak worsened over the weekend, leading governments and businesses to shut down as […]
March 16, 2020

Developing nations may lose up to 85% of oil and gas income this year: IEA, OPEC

Developing nations’ oil and gas income will fall by 50% to 85% this year to a more than two-decade low if current market conditions persist, the […]
March 16, 2020

Markets tumble as big Fed move fails to quell virus fears

Markets reeled on Monday, with stocks on Wall Street and the price of Brent crude tumbling more than 10%, as the Federal Reserve’s second emergency rate […]
March 16, 2020

S&P 500 tumbles as trading on Wall Street resumes

The S&P 500 index plunged over 9% on Monday as trading resumed after an initial automatic 15-minute cutout, driven by mounting fears of the damage the […]
March 16, 2020

Lockheed Martin’s Marillyn Hewson to step down as CEO

Lockheed Martin Corp said on Monday company veteran Marillyn Hewson will step down as chief executive officer, and tapped board member and American Tower Corp boss […]
March 16, 2020

After the Fed, the dollar may not subside

When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning dollars […]
March 16, 2020

Finablr raises doubts about its future, CEO leaves

Payments group Finablr on Monday expressed doubts about its ability to continue as a going concern and said its chief executive would step down. Powered by […]
March 16, 2020

Hong Kong’s Cathay Pacific to sell six Boeing aircrafts to BOC Aviation

Hong Kong’s Cathay Pacific Airways Ltd on Monday said it would sell six Boeing 777-300ER aircrafts and its associated equipment for $703.8 million to BOC Aviation […]
March 16, 2020

Exclusive: Flying blind – Marubeni’s Gavilon ignored Brazilian red flags

When Japanese conglomerate Marubeni booked a loss of 3.9 billion yen ($35 million) at its U.S. grain trader Gavilon in November, it blamed adjustments for “inappropriate […]
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