European Bonds to Bask in Sunny Spell as Debt Supply Evaporates

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Europe’s bond markets look set to have a warm July as the European Central Bank’s asset purchases keep running and hefty government debt issuance slows down for the summer. This month could see 57 billion euros ($64 billion) of spare cash chasing assets, […]

» Read more

CLSA Trader Sparks Debate on Race at China’s Biggest Brokerage

A Black trader’s attempt to start a conversation about race at China’s biggest brokerage has cast a rare spotlight on how the state-owned company is grappling with issues of diversity as it expands overseas. Misimi Osekita, a credit trader in the London office of Citic Securities Co.’s CLSA unit, sent an email to more than 100 employees in early June […]

» Read more

Crude Oil Futures Rise Over 2%, Set 4-Month Closing High

Crude oil prices climbed on Thursday, with stronger than expected jobs data and optimism about a potential coronavirus vaccine triggering hopes that energy demand will pick up soon. Recent data from the Energy Information Administration that showed a sharp decline in crude inventories in the U.S. last week also continued to support oil prices. West Texas Intermediate Crude oil futures […]

» Read more

FedEx applauds USMCA deal: 'Breaks down trade barriers'

USMCA will result in 100K new jobs: Wilbur Ross Commerce Secretary Wilbur Ross comments on the importance of USMCA and its benefits for American manufacturing and commerce. FedEx applauded the Trump administration's U.S.-Mexico-Canada Agreement, which went into effect Wednesday, saying the deal benefits all countries involved. Continue Reading Below Ticker Security Last Change Change % FDX FEDEX CORPORATION 156.66 +16.44 +11.72% […]

» Read more

Global oil crisis: Bottom of the barrel is still unclear

New York (CNN Business)China bought so much foreign oil at dirt-cheap prices this spring that a massive traffic jam of tankers has formed at sea waiting to offload crude. As of June 29, China — the world’s second-largest consumer of oil after the United States — had amassed 73 million barrels of oil on 59 different ships floating at sea […]

» Read more

US manufacturing bounces back in June on reopenings

How can Congress support manufacturing amid coronavirus? Association of Equipment Manufacturers senior vice president Kip Eideberg says the decreased demand and stressed supply chains have caused manufacturing businesses to layoff employees during the coronavirus pandemic. SILVER SPRING, Md. — U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector […]

» Read more

Fed Is All In: Here Are the Key Features of Its Lending Programs

The Federal Reserve has announced a raft of emergency lending programs, with approval from the Treasury Department, to help the U.S. economy weather the devastating impact of the coronavirus pandemic. These could ultimately deploy trillions of dollars in lending. The programs seek to keep financial markets functioning and, in unprecedented steps, provide direct loans to businesses, states and local governments. […]

» Read more

AXA Agrees to Cover Restaurant Losses From Covid Lockdown

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. AXA SA has agreed to cover losses sustained by several hundred restaurants during the coronavirus lockdown after the French insurer lost a lawsuit brought by a policyholder. A small number of policies sold to […]

» Read more

GM Defense awarded lucrative U.S. Army contract

3D printing, design talent helped GM produce coronavirus PPE: GM engineer GM Manufacturing chief engineer for global crossover J.J. Shaheen describes transitioning General Motors’ talent, equipment and factories from making auto parts to creating coronavirus personal protective equipment. GM Defense, a unit of General Motors, has been awarded a U.S. Army contract worth up to $214.3 million to build a fleet […]

» Read more
1 54 55 56 57 58 70