Deep short-term pain, followed by strong recovery
The short-term economic shock from fighting the COVID-19 pandemic has been more serious than initially thought. Most countries have plunged into negative growth during the height of the virus. But recently released forecasts…
Oil Price War Ends With Historic OPEC+ Deal to Slash Output
OPEC+ alliance agrees to cut production by 9.7m barrels a day The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly 1/10. This put an end…
COVID-19 and its impact on Latin America: challenge and opportunity
Energy producers, mining, airlines and consumer companies make up the riskiest group of companies in Latin America, amid the growing threat of the Covid-19 and a crude oil price war. Indeed, fears over…
China’s Luckin Coffee slumps on ‘fake’ data news
Shares in Luckin Coffee have slumped after the company said one of its top executives and other employees had faked sales figures. The Chinese coffee chain has now suspended its chief operating officer…
Gold faces unique pricing, supply and delivery challenges amid COVID-19 shutdowns
Unusual wide spread between Comex and London Bullion shows up amid COVID-19 Shutdowns London-COMEX Spread Hit $100 on March 24th An unusually wide spread between gold prices for Comex futures and the London…
ECB takes quantitative easing actions to fight the coronavirus crash
European Central Bank throws 750 billion euros at the economy The European Central Bank on Wednesday announced a huge new money-printing program. This is aimed at keeping the region’s financial system functioning and…
