There is no more dramatic sign of the U.S. shale industrys fall from grace than one of the best in the business being sold off for less than a third of its peak value.
Demand for Hong Kong dollars hasnt been this strong since before the global financial crisis, when the U.S. Federal Reserve flooded markets with liquidity.
Bitcoins biggest rally in more than a week has pushed it to the brink of $12,000, a key level watched by chartists and technicians.
More than half of workers around the world are worried about losing their jobs, according to a survey measuring labor-market insecurity wreaked by the coronavirus crisis.
The European Union said explicitly for the first time that it‘s ready to start drafting the legal text of a trade deal with the U.K., the bloc’s chief negotiator, Michel Barnier, said following a phone call with his British counterpart.
Business sentiment in Canada improved over the summer but remains near historical lows as uncertainty around the path of the virus curbs demand and sales prospects, according to the Bank of Canada.
The OPEC+ alliance warned of a “precarious” outlook as a resurgent pandemic hurts oil demand, dropping further hints about a potential change of policy next month.
The Philippines shortened curfew hours in Manila and eased the stay-at-home order to further reopen its economy.
Federal Reserve Chair Jerome Powell said the central bank hasnt made a decision to issue a digital currency, citing the need for further work and “extensive” public consultation with stakeholders before doing so.
A Nigerian venture plans to raise 480 billion naira ($1.2 billion) over the next three years to buy electricity meters and help power distributors plug a revenue gap in Africas most populous nation.
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Nordic forestry companies are shuttering paper machines at an unprecedented pace as the Covid-19 pandemic accelerates a long-running decline in demand.
Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of one of China‘s largest hypermarts to try and fend off rivals like JD.com Inc. in e-commerce’s hottest growth arena.
The government and regions must align quickly, or a national lockdown is likely to follow — and be more severe.
Farmers in Vietnams largest coffee-growing province usually start selective picking of new beans around the middle of October. But this year in Dak Lak, incessant rains from La Nina and tropical storms have put harvesting on hold, according to the Buon Ma Thuot Coffee Association.
A string of positive New Zealand data has got investors reassessing the odds of negative interest rates. Inflation figures due this week may help to clarify the picture.
Former U.S. Treasury Secretary Larry Summers said the dollar wont collapse despite rising federal debt and urged the government to ramp up economic stimulus to offset the impact of the coronavirus pandemic.
Financial markets remain volatile in the midst of Brexit negotiations, mounting coronavirus concerns, and US stimulus talks with the November election right around the corner. What's in store for t...
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