LONDON (Reuters) – This month’s dramatic selloff in financial markets is causing ructions in vital funding markets that keep money flowing between banks and companies and underpin anything from global
Take Five: Panic stations
(Reuters) – 1/TAPPING THE FED Recent blowouts in dollar swap prices are a sign economic lockdowns across the world are starting to pressure business cashflows, forcing companies to look elsewhere
50million travel jobs at risk as thousands of holidays cancelled due to virus
Millions of travel and tourism workers face losing their jobs as flights and holidays continue to be cancelled due to the escalating coronavirus crisis. Up to 50million roles, including pilots,
World stocks set for worst week since 2008 financial crisis
LONDON (Reuters) – World stocks were set on Friday for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class and investors fretting that
CFA exam anxiety swells as candidates worry test may be scrapped due to Covid-19
HONG KONG (BLOOMBERG) – Even at the best of times, preparing for the Chartered Financial Analyst (CFA) exam is a nerve-wracking slog. Candidates planning to take the test in June
Oil falls a third day, Brent crude set for worst week since 1991
TOKYO (Reuters) – Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991 and U.S. crude heading for the worst
Travel industry under siege as coronavirus contagion grows
SYDNEY/CHICAGO (Reuters) – The fallout from the coronavirus spread across the Pacific on Friday, with travel companies in Australia and New Zealand issuing profit warnings as U.S. airlines rushed to
Wall Street dazed and confused after worst day since 1987
SAN FRANCISCO (Reuters) – As trading ended on Thursday in Wall Street’s worst day for three decades, shell-shocked investors had no idea how much further the market was likely to
Wall Street sell-off batters bitcoin, pounds palladium as investors go to cash
NEW YORK (Reuters) – Crushing asset sell-offs ranging from bitcoin to precious metals and European stocks accompanied Wall Street’s slide into bear market territory on Thursday, as investors liquidated positions
Plunging Wall Street stocks end record bull run
NEW YORK (Reuters) – Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and