Oil’s Price Drop: Ghana’s budget deficit double
ACCRA (Bloomberg) - Ghana’s budget deficit will be more than double the initial forecast as the drop in oil prices and the coronavirus pandemic weigh on state income and economic…
OPEC: Second COVID Wave would slow Oil Market Recovery
OPEC may have to play its market-rebalancing act longer than initially intended as it is afraid that a second coronavirus wave would slow oil demand recovery, Reuters reported on Thursday, quoting internal…
Dollar holds gains as coronavirus woes sap confidence
TOKYO (Reuters) - The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven…
Debt ridden Pemex asks to defer contractor payments
MEXICO CITY (Bloomberg) –Pemex’s nearly $105 billion in debt already makes it the biggest borrower of any oil company in the world. And it’s accruing more. Pemex is asking some…
Investors score government loans amid pandemic
BOSTON (Reuters) - Some investment firms, including those that run hedge funds or manage money for wealthy investors, are among the businesses approved for emergency U.S. government loans to help…
China: State media inform citizens to buy stocks
Strategists say two factors are helping give legs to the global stock market’s Monday morning surge - bullishness about China and the view that central banks will backstop markets. A…
Oil Prices Sent Into “Tailspin” by Second Covid Wave
Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the coronavirus across the United States…
Asia shares at four-month peak
SYDNEY (Reuters) - Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus…
Robin Hood: New initiative aimed at funding nonprofits by people of color
Robin Hood, a foundation led by Army combat veteran and best-selling author Wes Moore is launching a new fund dedicated to financing nonprofit organizations that are solely run by people…
Global stock markets sink as viral pandemic nullifies Europe rebound hopes
NEW YORK (Reuters) - Global equities sank and perceived safe-haven assets like U.S. Treasuries and gold gained on Friday as investors weighed hopes that Europe will continue to rebound from…