April 6, 2020, 20:32

General Motors Exits Australia, New Zealand and Thailand

The US-based car-producing giant said in a statement on Sunday that it was scaling down its sales, engineering and design capacities in Australia, New Zealand and Thailand. Markets in these nations have not produced...

0.1% Interest Rates Here to Stay to Protect Economy From COVID-19 – Bank of...

The Bank of England is engaged in large scale purchases of corporate and government bonds as part of measures which they hope will offset the economic shock waves resulting from the COVID-19 pandemic.The Bank...

Gold at Long Last Escapes 25-Month Abyss on South African Markets

South African mining output showed a negative trend for several consecutive months, but this year’s market index, despite having weakened greatly, was deemed by financial experts as “not all that bad.” Surprisingly, there were...

Perfect Storm of Coronavirus, Oil Price War May Cause World to Run Out of...

OPEC+’s failure to come to a consensus on possible oil supply cuts amid the global economic slowdown expected due to COVID-19 has sent oil futures tumbling, with the OPEC basket trading for $30.63 on...

Goldman Sachs Says Gold Is Better Hedge Than Oil Amid Middle East Crisis

Goldman Sachs commodity strategists projected that the risks for oil prices are skewed to the downside in the coming weeks, with a fair value of $63 per barrel, making gold a stronger hedge amid...

Dixons Carphone Set To Shutter Over 500 Stores, Layoff Nearly 3,000 Employees in Major...

One of the UK's major mobile phone retailers has said that it plans to close hundreds of stores and lay off thousands of workers after years of unprofitability and "turbulent times". The news comes...
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