Markets
Remdesivir, Explained: A Coronavirus Wonder Weapon or Too Soon to Tell?
- April 19, 2020
It is one of more than 150 study sites that together have enrolled over 2,000 participants with severe disease. The company anticipates that by May, the initial data from the placebo-controlled NIAID trial as well as data from the Gilead study of patients with moderate symptoms of COVID-19 will be available. (more...)
- April 19, 2020
It is one of more than 150 study sites that together have enrolled over 2,000 participants with severe disease. The company anticipates that by May, the initial data from the placebo-controlled NIAID trial as well as data from the Gilead study of patients with moderate symptoms of COVID-19 will be available. (more...)
Tech stocks drive markets to slight gains despite COVID-19 job losses
- April 19, 2020
Boeing (BA) shares surged 14.55% after the aviation giant said it will resume production in the Seattle area on April 20. Overnight in Asia, markets finished higher. "Our experts say the curve has flattened, and the peak in new cases is behind us". The decision to lift restrictions will ultimately be made by state governors. (more...)
- April 19, 2020
Boeing (BA) shares surged 14.55% after the aviation giant said it will resume production in the Seattle area on April 20. Overnight in Asia, markets finished higher. "Our experts say the curve has flattened, and the peak in new cases is behind us". The decision to lift restrictions will ultimately be made by state governors. (more...)
Virgin Australia offered $200m coronavirus lifeline by Queensland Government
- April 19, 2020
Speaking to The Sunday Mail today, Mr Dick, who is Queensland's State Development Minister, said it was not so much an "ultimatum" to Canberra, but the state could not single-handedly come to the rescue. "Our Australian carriers have a vital role to play in the midst of this current crisis, but border closures and Stage 3 Restrictions have decimated their business, forcing both airlines to ground fleet, stand down staff and virtually cease operations". (more...)
- April 19, 2020
Speaking to The Sunday Mail today, Mr Dick, who is Queensland's State Development Minister, said it was not so much an "ultimatum" to Canberra, but the state could not single-handedly come to the rescue. "Our Australian carriers have a vital role to play in the midst of this current crisis, but border closures and Stage 3 Restrictions have decimated their business, forcing both airlines to ground fleet, stand down staff and virtually cease operations". (more...)
Govt tweaks FDI policy, stops automatic approval
- April 18, 2020
The new rules will also apply to 'the transfer of ownership of any existing or future FDI in an entity in India, directly or indirectly, ' the Department for Promotion of Industry and Internal Trade ( DPIIT ) stated in its notification on Saturday. (more...)
- April 18, 2020
The new rules will also apply to 'the transfer of ownership of any existing or future FDI in an entity in India, directly or indirectly, ' the Department for Promotion of Industry and Internal Trade ( DPIIT ) stated in its notification on Saturday. (more...)
TVS has bought Brit icon Norton Motorcycle Company
- April 18, 2020
Reports emerging from the United Kingdom list K N Radhakrishnan, TVS CEO and President, as one of the directors, along with Sharad Mohan Mishra, who also holds the post of TVS President, Group Strategy at TVS Motor Company . Needless to say, the financial muscle of the Indian two-wheeler giant will fuel future development of the Norton brand and its existing, emotive portfolio, which now comprises of the Commando, Dominator and the V4 RR. (more...)
- April 18, 2020
Reports emerging from the United Kingdom list K N Radhakrishnan, TVS CEO and President, as one of the directors, along with Sharad Mohan Mishra, who also holds the post of TVS President, Group Strategy at TVS Motor Company . Needless to say, the financial muscle of the Indian two-wheeler giant will fuel future development of the Norton brand and its existing, emotive portfolio, which now comprises of the Commando, Dominator and the V4 RR. (more...)
United Kingdom should ask for more time for Brexit transition, says International Monetary Fund
- April 18, 2020
Of $160 billion in emergency funding the World Bank expects to provide over the next 15 months, $55 billion would go to Africa, he said. The new Dollars 11 Bn facility will be funded via the IMF's rapid-disbursement instruments and debt-relief support of about USD 300 Mn, which will be provided this year. (more...)
- April 18, 2020
Of $160 billion in emergency funding the World Bank expects to provide over the next 15 months, $55 billion would go to Africa, he said. The new Dollars 11 Bn facility will be funded via the IMF's rapid-disbursement instruments and debt-relief support of about USD 300 Mn, which will be provided this year. (more...)
More Encouraging Signs for Remdesivir as COVID-19 Treatment
- April 18, 2020
Nearly all of them, 113, were in severe condition. UChicago Medicine, in an email with Reuters, said: "partial data from an ongoing clinical trial is by definition incomplete and should never be used to draw conclusions". A study in 800 coronavirus patients is being carried out by the National Institute of Allergy and Infectious Disease in the U.S. and is randomly treating patients with remdesivir and a placebo. (more...)
- April 18, 2020
Nearly all of them, 113, were in severe condition. UChicago Medicine, in an email with Reuters, said: "partial data from an ongoing clinical trial is by definition incomplete and should never be used to draw conclusions". A study in 800 coronavirus patients is being carried out by the National Institute of Allergy and Infectious Disease in the U.S. and is randomly treating patients with remdesivir and a placebo. (more...)
Coronavirus: Insurance firms ordered to pay out or explain
- April 18, 2020
FCA interim chief executive officer Christopher Woolard wrote to the heads of United Kingdom insurers yesterday and conceded that most basic business interruption policies do not cover pandemics. It comes as a raft of insurance firms are facing legal action after declining payouts for business interruption claims, despite stating that they would cover firms forced to shut due to a notifiable disease. (more...)
- April 18, 2020
FCA interim chief executive officer Christopher Woolard wrote to the heads of United Kingdom insurers yesterday and conceded that most basic business interruption policies do not cover pandemics. It comes as a raft of insurance firms are facing legal action after declining payouts for business interruption claims, despite stating that they would cover firms forced to shut due to a notifiable disease. (more...)
Crude Oil Price Today: Brent Oil Drops To $31 Per Barrel
- April 18, 2020
The clock was ticking and pressure was on. The volume of petroleum products supplied to the domestic market was just 13.8 million barrels per day (bpd) in the week ending April 10, down from 21.5 million bpd in the week ending March 13. Crude oil futures now are trading around $21 a barrel. Measures to gradual the unfold of the coronavirus have destroyed demand for gas and pushed down oil prices, straining budgets of oil producers and hammering the USA shale trade, which is extra weak to ... (more...)
- April 18, 2020
The clock was ticking and pressure was on. The volume of petroleum products supplied to the domestic market was just 13.8 million barrels per day (bpd) in the week ending April 10, down from 21.5 million bpd in the week ending March 13. Crude oil futures now are trading around $21 a barrel. Measures to gradual the unfold of the coronavirus have destroyed demand for gas and pushed down oil prices, straining budgets of oil producers and hammering the USA shale trade, which is extra weak to ... (more...)
US Stock Futures Fall Following Previous Losses in Regular Trading Session
- April 18, 2020
Meanwhile, the shutdown in NY was extended until May 15 even as coronavirus-related hospitalizations and deaths fell to their lowest in more than a week, adding to evidence that the hardest-hit state was controlling its spread. Confirmed cases of the coronavirus have passed 2.06 million globally, according to data from Johns Hopkins University, with the USA accounting for about a third of those. (more...)
- April 18, 2020
Meanwhile, the shutdown in NY was extended until May 15 even as coronavirus-related hospitalizations and deaths fell to their lowest in more than a week, adding to evidence that the hardest-hit state was controlling its spread. Confirmed cases of the coronavirus have passed 2.06 million globally, according to data from Johns Hopkins University, with the USA accounting for about a third of those. (more...)
Coronavirus: Health authorities assemble 'immune' crew on board Ruby Princess
- April 18, 2020
NSW Premier Gladys Berejiklian is launching a special inquiry into why the Ruby Princess cruise ship was allowed to dock in Sydney Harbour despite hundreds of its passengers having symptoms of COVID-19. "Obviously that goes hand-in-hand with the forensic examination of the telemetry box on the ship". About 1,000 crew members remain quarantined on the ship. (more...)
- April 18, 2020
NSW Premier Gladys Berejiklian is launching a special inquiry into why the Ruby Princess cruise ship was allowed to dock in Sydney Harbour despite hundreds of its passengers having symptoms of COVID-19. "Obviously that goes hand-in-hand with the forensic examination of the telemetry box on the ship". About 1,000 crew members remain quarantined on the ship. (more...)
China GDP shrank 6.8% in Q1, first contraction in decades
- April 18, 2020
Statistics bureau spokesman Mao Shengyong told a press briefing after the data that China's economic performance in the second-quarter is expected to be much better than in the first. Still, officials are anxious about a possible second wave of infections and analysts warn it could take months before the economy recovers to normal levels. (more...)
- April 18, 2020
Statistics bureau spokesman Mao Shengyong told a press briefing after the data that China's economic performance in the second-quarter is expected to be much better than in the first. Still, officials are anxious about a possible second wave of infections and analysts warn it could take months before the economy recovers to normal levels. (more...)
Trump issues guidelines for states to reopen from virus
- April 18, 2020
President Trump fired off three tweets in which he pushed for the liberation of Michigan, Minnesota , and Virginia , all of which are run by Democrat governors. The President, who earlier in the briefing had lauded Americans' stay-at home-discipline, took a different approach with the MI protesters. "Gov. Walz you work for the citizens of this state!" it reads. (more...)
- April 18, 2020
President Trump fired off three tweets in which he pushed for the liberation of Michigan, Minnesota , and Virginia , all of which are run by Democrat governors. The President, who earlier in the briefing had lauded Americans' stay-at home-discipline, took a different approach with the MI protesters. "Gov. Walz you work for the citizens of this state!" it reads. (more...)
Dow up 4.9% as stocks end volatile session much higher
- April 18, 2020
The Nasdaq Composite Index dipped 242.54 points, or 2.91 percent, to 8,101.71. The blue-chip index is on the cusp of entering a bear market - a decline of at least 20% from its recent high, set February 12. "I mean, that is - that's a big one-two punch", said Mr. Buffett in an interview with Yahoo Finance. London's FTSE 100 slid 1.4%, while other European markets also declined. (more...)
- April 18, 2020
The Nasdaq Composite Index dipped 242.54 points, or 2.91 percent, to 8,101.71. The blue-chip index is on the cusp of entering a bear market - a decline of at least 20% from its recent high, set February 12. "I mean, that is - that's a big one-two punch", said Mr. Buffett in an interview with Yahoo Finance. London's FTSE 100 slid 1.4%, while other European markets also declined. (more...)
Fredericton company to supply all of Canada with COVID-19 testing chemical
- April 17, 2020
The U.S. has reported more than 640,000 confirmed COVID-19 cases and Canada has reported more than 28,000 cases, based on data compiled by Johns Hopkins University . The head of Canada's Public Health Agency says that resources must be given to people working the streets to help vulnerable and homeless people across the country. (more...)
- April 17, 2020
The U.S. has reported more than 640,000 confirmed COVID-19 cases and Canada has reported more than 28,000 cases, based on data compiled by Johns Hopkins University . The head of Canada's Public Health Agency says that resources must be given to people working the streets to help vulnerable and homeless people across the country. (more...)
Coronavirus furlough scheme cut-off date extended to support thousands of new starters
- April 17, 2020
One area where the situation is being felt particularly acutely is in the Scottish Highlands, where the hospitality and tourism industry is one of the main employers, representing up to 43% of employment in some areas. "This does beg the rather significant question of whether the government is entitled to shift the goalposts in this way, after millions of organisations have already taken decisions relying on earlier published guidance ", he added. (more...)
- April 17, 2020
One area where the situation is being felt particularly acutely is in the Scottish Highlands, where the hospitality and tourism industry is one of the main employers, representing up to 43% of employment in some areas. "This does beg the rather significant question of whether the government is entitled to shift the goalposts in this way, after millions of organisations have already taken decisions relying on earlier published guidance ", he added. (more...)
Claims for unemployment benefits in Washington remain at record levels
- April 17, 2020
Governor Laura Kelly said , "The coronavirus pandemic has placed an overwhelming strain on the Kansas Department of Labor's Unemployment Insurance Division". But the pandemic swept through the United States, forcing many Kansans to lose their jobs and postponing any technical updates, she said. A report from the Philadelphia Federal Reserve Bank elaborated further on the economic damage, showing manufacturing activity in the region falling below its nadir during the global financial crisis. (more...)
- April 17, 2020
Governor Laura Kelly said , "The coronavirus pandemic has placed an overwhelming strain on the Kansas Department of Labor's Unemployment Insurance Division". But the pandemic swept through the United States, forcing many Kansans to lose their jobs and postponing any technical updates, she said. A report from the Philadelphia Federal Reserve Bank elaborated further on the economic damage, showing manufacturing activity in the region falling below its nadir during the global financial crisis. (more...)
Why Nigeria Is Not Among Beneficiaries Of Recent IMF Debt Relief
- April 17, 2020
She noted that more than 100 countries so far have asked for emergency assistance. The PUNCH reports that the International Monetary Fund had on Monday announced the approval of immediate debt service relief to 25 of the IMF's member countries under the IMF's revamped Catastrophe Containment and Relief Trust as part of its response to help address the impact of the COVID-19 pandemic. (more...)
- April 17, 2020
She noted that more than 100 countries so far have asked for emergency assistance. The PUNCH reports that the International Monetary Fund had on Monday announced the approval of immediate debt service relief to 25 of the IMF's member countries under the IMF's revamped Catastrophe Containment and Relief Trust as part of its response to help address the impact of the COVID-19 pandemic. (more...)
IEA: Oil output cut won't offset plunge in demand
- April 17, 2020
Prices have crashed as the coronavirus pandemic saps global demand, with the situation compounded by a supply glut resulting from a price war between OPEC cartel kingpin Saudi Arabia and non-OPEC rival Russian Federation. Last month, OPEC expected a small increase in demand of 60,000 bpd. Oil prices ended little changed on Thursday after OPEC's lowering of its global demand forecast for 2020 was offset by some European countries saying they would relax coronavirus restrictions, pointing to a ... (more...)
- April 17, 2020
Prices have crashed as the coronavirus pandemic saps global demand, with the situation compounded by a supply glut resulting from a price war between OPEC cartel kingpin Saudi Arabia and non-OPEC rival Russian Federation. Last month, OPEC expected a small increase in demand of 60,000 bpd. Oil prices ended little changed on Thursday after OPEC's lowering of its global demand forecast for 2020 was offset by some European countries saying they would relax coronavirus restrictions, pointing to a ... (more...)
India among few countries projecting positive growth during coronavirus pandemic - RBI Governor
- April 17, 2020
He underscored that damage to industries was not calculated in the Index of Industrial Production (IIP) data. The RBI chief said on April 14, the International Monetary Fund released its global growth projections for 2020, and expected the world economy to plunge into the worst recession since the Great Depression. (more...)
- April 17, 2020
He underscored that damage to industries was not calculated in the Index of Industrial Production (IIP) data. The RBI chief said on April 14, the International Monetary Fund released its global growth projections for 2020, and expected the world economy to plunge into the worst recession since the Great Depression. (more...)
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