Markets

No negative oil prices in Thailand

No negative oil prices in Thailand USA oil futures continued to trade in negative territory on Tuesday, after closing down almost $40 on Monday in their first ever sub-zero dive, as concerns grew the United States will run out of storage for a glut caused by the coronavirus lockdown. [Full Article...]

Nigeria’s inflation rate rises to12.26 % in March, highest in 23 months

Nigeria’s inflation rate rises to12.26 % in March, highest in 23 months Consumer price inflation eased to 1.5 percent in March from 1.7 percent in February. "Until then, the pass-through of trade restrictions, exchange rate weakening and the recent Value-Added Tax increase to consumer prices would be muted", they said. [Full Article...]

How major U.S. stock indexes fared Tuesday

How major U.S. stock indexes fared Tuesday After many companies pulled their forecasts because of uncertainty related to the coronavirus, investors will focus in the coming days on first-quarter reports for signs of how badly the pandemic is hurting US corporations. The pandemic has crippled demand for oil as travel has been nearly fully halted and many production facilities remain closed. Wall Street stocks tumbled for a second straight... [Full Article...]

How the U.S. oil price fell below zero

How the U.S. oil price fell below zero Despite the unprecedented situation on the market , which is flooded due to the destruction of demand inflicted by the worldwide coronavirus shutdowns, bigger corporations would rather go out of business before they do that, the oil executive noted. [Full Article...]

Virgin Australia has collapsed into voluntary administration

Virgin Australia has collapsed into voluntary administration Also on Wednesday, both S&P Global Ratings and Fitch Ratings downgraded Virgin Australia, saying they expected the company's unsecured debt providers will be forced to accept less value than they are owed as part of the company's debt restructuring process. [Full Article...]

Start-ups helped by £1.2billion government scheme

Start-ups helped by £1.2billion government scheme The 1.25 billion pound package comprises a 500 million pound fund for high-growth companies and separate support totalling 750 million pounds for companies involved in research and development. The Future Fund is pegged to launch in May, and will see the United Kingdom government invest between £125,000 and £5 million in qualifying startups. [Full Article...]

United States oil prices jump after record slump

United States oil prices jump after record slump U.S. benchmark West Texas Intermediate for June delivery was up nearly 10 per cent at $12.68 a barrel, paring gains of around 20 per cent at the open in Asia. As oil prices hit record lows, FRANCE 24 spoke to Fatih Birol, executive director of the International Energy Agency (IEA). A historic selloff in the price of oil continued on Tuesday in the wake of a supply wave that has left the world ... [Full Article...]

Coronavirus: Bondi Beach to re-open only for exercise

Coronavirus: Bondi Beach to re-open only for exercise However, as infection rates have significantly slowed in the past week, some beaches have now been reopened, including Coogee, Clovelly and Maroubra . Ms Masselos urged non-residents not to visit Bondi, saying the beach corridors would close if demand was too high. Mayor Said reiterated that the "beaches are not open to general use"."Activities such as sitting on the sand, sun-baking or gathering... [Full Article...]


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