Business 11:19 GMT 24.03.2020Get short URL Crude futures fell nearly 30 percent in trading last week, suffering their biggest weekly losses in nearly three decades amid the global economic disruption caused by COVID-19 and by OPEC+’s failure to reach an agreement on production cuts. The ongoing decline in oil prices may lead to an “unthinkable balance-of-payments crisis” and the end of Saudi Arabia’s decades’ long policy […]
Fall
26 posts
A human trial being held in Washington State to research a promising drug designed to fight COVID-19 is reportedly going better than expected, and it’s possible that a handful of infected patients – likely health-care workers – could be administered the drug by the fall. Stephane Bancel, the biotech’s chief executive, told Goldman Sachs on Friday that mRNA-1273 could be made available to a few patients, […]
Russia never sought a sharp oil price fall or an end to cooperation with the Organisation of Petroleum Exporting Countries (OPEC), and the Gulf nations are to blame for the crisis on the global oil markets, a senior Russian official said, according to Reuters. In early March, Russia and OPEC failed to agree how their deal to cut oil production should work: OPEC wanted to deepen […]
19 Mar, 2020 04:28 The Federal Reserve has introduced yet another emergency measure to ease the economic impact of the global coronavirus epidemic, injecting liquidity into money markets and mutual funds to meet growing demand for cash. The Fed announced the new Money Market Mutual Fund Liquidity Facility (MMLF) late on Wednesday night, creating a program similar to a one rolled out during the 2008 financial […]
Authored by Charles Hugh Smith via OfTwoMinds blog, Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to distinguish between the market value of assets and net worth, which is what’s left […]
On Friday, March 6, Goldman’s chief US equity strategist, David Kostin, who bizarrely still holds held the view that the S&P will close the year at 3,200, despite now expecting an earnings recession, and Gldman economists calling for an economic recession in Q2 and a -5% GDP crash in Q2, laid out a binomial “downside case” scenario (i.e., a coin toss because as he admitted, he […]
While posing as a grassroots human rights organization, the World Uyghur Congress is a US-funded and directed separatist network that has forged alliances with far-right ethno-nationalist groups. The goal spelled out by its founders is clear: the destabilization of China and regime change in Beijing. In recent years, few stories have generated as much outrage in the West as the condition of Uyghur Muslims in China. […]
Late night host Jimmy Fallon took a rare political turn when he floated the theory that President Donald Trump plans to blame Vice President Mike Pence for the coronavirus “disaster,” then dump the VP in favor of Nikki Haley during the general election. On Wednesday night’s edition of NBC’s The Tonight Show, Fallon interviewed Sen. Bernie Sanders on a range of topics, including the Trump administration’s response […]
Rapid control of coronavirus depends on discovering a cheap and practical testing method, and Russian scientists may have found a solution; an especially useful tool, when efforts are focused on detection, delay, and containment. While the medical community continues its work on a Covid-19 vaccine, researchers have developed a way to trace the infection that can provide an express result in just 15 minutes. What’s more, […]
10 Mar, 2020 07:15 Moscow’s main MOEX Index plunged ten percent on Tuesday to 2,463.30 at the opening bell at 10:00 a.m. local time, according to data of the Moscow Exchange. The RTS dollar index dropped 9.86 percent to 1,133.94. Source
With the Dow Jones down nearly 1,500 points Monday as of this writing, President Donald Trump has identified his scapegoats: Saudi Arabia, Russia, and “Fake News.” In a Monday morning tweet, the president blamed the Dow freefall on the burgeoning feud over oil prices between Russia and Saudi Arabia. “Saudi Arabia and Russia are arguing over the price and flow of oil,” Trump wrote. “That, and […]
Authored by Burak Bekdil via The Gatestone Institute, Turkey’s Islamist strongman, President Recep Tayyip Erdoğan, has threatened Europe several times with “sending millions of refugees your way.” Turkey would apparently like to see more progress in the talks to grant it admission as a full member of the European Union. At the moment, these membership negotiations have stalled. He may also wish for Western support — from the […]
Mideast Discourse — Turkey increased its military invasion of Syria last month to prevent the Syrian Arab Army (SAA) from liberating Idlib province from the occupation of terrorists, who are supported by Turkey and had been supported by the US before 2017 when President Trump cut off their funding through the CIA. The invasion of thousands of troops has been disastrous for Turkey since 58 soldiers were killed, including […]
Shortly before US stocks suffered another triple-digit point drop at the open – dampening the cheers of traders and pundits who gleefully celebrated stocks going positive for the week on Wednesday – MSCI warned on Thursday that another double-digit drop could be in store for US stocks, Reuters reports. Like most other analysts, Thomas Verbraken, the executive director for risk management at the research and indices […]
Airlines will lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, the International Air Transport Association (IATA) has announced. While air passenger demand in January rose 2.4 percent year-on-year, it was the slowest growth rate since April 2010, according to IATA data. IATA has attributed the weak demand to the Covid-19 outbreak, saying it expects […]
India 09:24 GMT 05.03.2020Get short URL https://cdn1.img.sputniknews.com/img/107848/05/1078480563_34:0:1434:787_1200x675_80_0_0_2aab4cd03be93d7e176af004b73c3f41.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202003051078479689-gods-call-watch-woman-barge-into-temples-sanctum-on-high-speed-bike-fall-flat-in-front-of-deity/ New Delhi (Sputnik): Be it “the hurry to seek blessings”, or the old joke that women can’t drive, this video of a women barging into a temple on her high-speed bike is garnering every kind of reaction from Twitter users. A woman in the Indian state of Maharashtra had an unintended and unique […]
US 21:03 GMT 03.03.2020(updated 21:43 GMT 03.03.2020) Get short URL US stocks fell by more than 700 points Tuesday despite the fact that the Federal Reserve cut US interest rates by half a point to reduce threats to the US economy due to the COVID-19 outbreak. The Dow Jones Industrial Average (DJIA) plunged by almost 786 points, while the S&P 500 dropped by almost 87 points. […]
As the fifth-year anniversary of the Saudi-led military intervention in Yemen approaches this month, the allied forces of the Yemeni army and Ansar Allah – known as the Houthis – yesterday achieved a significant victory having taken control of Al-Hazm city, the provincial capital of Al-Jawf province, causing the Saudi-backed mercenary and militia forces fighting on behalf of exiled President Abd Rabbuh Mansur Hadi to flee […]
Authored by Sven Henrich via NorthmanTrader.com, Complacency came before the fall. All of 2019 market participants ignored the non existent earnings growth. Too strong was the now pavlovian reflex to chase easy central bank money. Too trusting in central banks to again produce a reflation scenario that would make all the troubles go away. Everything was ignored and markets and stocks were relentless chased higher into […]
Authored by Ben Hunt via EpsilonTheory.com, Two weeks ago I wrote about the corrupt political response of China to COVID-19. Last week I wrote about the corrupt political response of the World Health Organization to COVID-19. This week I’m writing about the corrupt political response of the United States to COVID-19. Because it’s happened before. In August 2005, the city of New Orleans fell. New Orleans […]
MSNBC’s Chris Matthews drew a comparison Saturday between the expected victory of Bernie Sanders in Nevada and Nazi Germany’s defeat of France in 1940. Matthews was on air for MSNBC’s coverage of the Nevada caucuses, a race Fox News has projected as a commanding win for Sanders. Matthews came on after Democratic strategist James Carville went on a diatribe against Sanders, and as the MSNBC host […]
Britain’s Labour leadership hustings held last week by the party’s internal pro-Israel lobby were a bizarre sight to behold. Organised jointly by the Jewish Labour Movement and Labour Friends of Israel, the event put all the candidates to replace Jeremy Corbyn as party leader through a grilling based almost entirely on their allegiance to Israeli racism. The then four candidates (Emily Thornberry has since failed to […]
The International Air Transport Authority (IATA) has warned that declining travel demand amid the Covid-19 virus outbreak could cost global carriers tens of billions of dollars in lost revenue. The IATA’s forecast assumes that the outbreak will remain mostly in China, which means airlines in Asia will be hit the hardest and could lose nearly $28 billion in revenue this year. Carriers outside the region are […]
View Bitcoin is struggling to draw bids despite a confirmed “golden cross” pattern on the daily chart. That, coupled with bearish short duration indicators, suggests scope for a convincing break below the 2020 rising trendline currently near $9,700. That would expose the next support at $9,200. The bearish case would weaken if prices return above today’s Asian session high of $9,825. A move above Sunday’s high […]