Major US airlines asked the US Treasury to move quickly to release up to $58 billion in government grants and loans and recommended a formula to divide up the money. In a letter dated Saturday and seen by...
British companies in key sectors were already bracing for the biggest hit to business since 2009 even before last week’s shutdown of the much of the economy as the government moved to slow the spread of coronavirus, an...
Ratings agency Fitch cut Britain’s sovereign debt rating on Friday, saying the country’s debt levels would jump as the government ramped up its spending to offset the near shutdown of the economy in the face of coronavirus.Fitch downgraded...
More than 300 basis points in combined interest rate cuts, a tenth of annual output in central bank stimulus and $5 trillion (4.01 trillion pounds) of new government spending and credit guarantees – authorities in the world’s biggest...
Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them.Working at home due to the coronavirus lockdown, they have abandoned the normal tools...
Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities, a senior banker estimates, as plummeting oil prices and the coronavirus pandemic hit state...
A US recession may already be underway. Could it be worse? The Great Depression that began with a stock market crash in 1929 and lasted until 1933 scarred a generation with massive unemployment and plummeting economic output.It reshaped...
Traders have chartered at least five supertankers in the past day with options to store oil at sea as global stocks mount after the United States ditched plans to purchase oil for its emergency reserve, shipping sources said...
Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop.With the S&P 500 having lost around a third of...
As New York becomes the epicenter of the coronavirus outbreak in the United States, even die-hard businesses are shutting down in the so-called “city that never sleeps.”The losses add to the economic toll from the crisis in the...

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