Tag: COVID-19
Supporting the economy must take time, says Fed Chairman Jerome Powell
The United States economy is said to be far from fully recovering from the effects of the coronavirus crisis. The central bank's monetary policy will therefore need to support it for some time to come. Federal Reserve Governor Jerome Powell said so on Tuesday.
The price of oil is approaching a thirteen-month high. Cold weather...
Both a barrel of Brent and WTI oil are already trading for more than sixty dollars. The price of black gold has long since exceeded the pre-crisis level. There has been a temporary shortage of oil on the market due to the extremely cold weather in important mining areas.
An effective vaccine will lead to a resumption of growth in...
Pfizer and BioNTech's report on the high effectiveness of their vaccine has boosted optimism in both financial and commodity markets. While the coronavirus epidemic has...
U.S. economy could grow slowly even after the pandemic
The world's strongest economy could face problems even after the coronavirus pandemic has ended, according to some experts. Unlike other countries, it has failed...
Fed Chairman Powell: Recovery will take some time and may not...
Economy will rebound, but it may take some time. The recovery may last until the end of next year. “We really don’t know,” Powell...
American oil price dropped in a quarter, Brent oil plunged below...
A global demand for fuels dropped in roughly 30% and storage capacities are almost run out
Both these factors lead to the lowest oil price...
The pound slightly dropped against the dollar as COVID-19 death toll...
Number of Covid-19 deaths in the UK has grown to more than 16,000
Even though daily death chart improves, number of daily new confirmed COVID-19...
Carmakers in Europe to soon reopen their factories
In March, sale of personal cars dropped interannualy in more than 50%
Mostly because carmakers had to close down their factories due to coronavirus. They...
South African Republic cut mining operations except for coal
Starting 16th April, majority of South African mines can operate only in 50% of their capacity
The government introduced these measures to prevent coronavirus pandemic.
Most...
Southeast Asia markets enter new trading week with optimism
Mood on world financial markets seems to correspond to progress of coronavirus pandemic
While western Europe or Northern America still seek solid ground, southeast Asia...
