newszine

World stocks set for worst week since 2008 as virus stokes recession fears

1 hour ago NAMEX Comments Off on World stocks set for worst week since 2008 as virus stokes recession fears
TOKYO (Reuters) – World share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and trigger a global recession. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage in Read More

‘Aggressive designs’: Pakistan blasts India’s $3bn arms deal with Washington for ‘destabilizing already volatile region’

2 hours ago NAMEX Comments Off on ‘Aggressive designs’: Pakistan blasts India’s $3bn arms deal with Washington for ‘destabilizing already volatile region’
Islamabad has voiced concern over a recent multi-billion dollar weapons deal signed between Washington and New Delhi, insisting its nuclear-armed rival is upsetting stability in southern Asia. On the heels of the $3 billion exchange inked last week – which will see India purchase 24 MH-60R Seahawk helicopters from US arms giant Lockheed Martin – Read More

World stocks set for worst week since 2008 as virus fears grip markets

3 hours ago NAMEX Comments Off on World stocks set for worst week since 2008 as virus fears grip markets
TOKYO (Reuters) – Global share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and derail economic growth. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage in Tokyo, Read More

Blowout fear for forex markets as coronavirus stirs dormant volatility trades

5 hours ago NAMEX Comments Off on Blowout fear for forex markets as coronavirus stirs dormant volatility trades
LONDON (Reuters) – With this week’s coronavirus-driven rout having shaken awake previously slumbering euro-dollar markets, the spotlight is back on the “short volatility” trades that some regulators fear could trigger a blowup on world markets. FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration Read More

Global shares head for worst week since 2008 financial crisis

5 hours ago NAMEX Comments Off on Global shares head for worst week since 2008 financial crisis
TOKYO (Reuters) – Global share markets headed for the worst week since the darkest days of the financial crisis in 2008 as investors braced for the coronavirus to morph into a pandemic and derail world economic growth. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage in Tokyo, Read More

Coronavirus fear grips stocks, oil; Treasury yields touch record low

12 hours ago NAMEX Comments Off on Coronavirus fear grips stocks, oil; Treasury yields touch record low
NEW YORK (Reuters) – Stocks across the globe and oil prices continued to tumble on Thursday and U.S. Treasury yields hit record lows as traders fretted over the economic impact of the spreading coronavirus. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 27, 2020. REUTERS/Brendan McDermid Read More

Virus-hit stocks shed $3 trillion; safe havens thrive

16 hours ago NAMEX Comments Off on Virus-hit stocks shed $3 trillion; safe havens thrive
LONDON (Reuters) – Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as the coronavirus spread faster outside China and investors fled to safe havens. FILE PHOTO: A man wearing a surgical mask walks past a screen showing Shanghai Composite Read More

It’s just business: US & Britain buying more and more oil from Russia

17 hours ago NAMEX Comments Off on It’s just business: US & Britain buying more and more oil from Russia
Russia more than doubled crude oil supplies to the United States and Britain in 2019, data from the Federal Customs Service (FCS) has revealed. A fall in prices for the Russian Urals oil, combined with US sanctions against Venezuela and Iran, were among the reasons for such an increase in purchases. According to the data Read More

Gran Tierra Energy Inc. Announces Fourth Quarter and Year-End Results for 2019

1 day ago NAMEX Comments Off on Gran Tierra Energy Inc. Announces Fourth Quarter and Year-End Results for 2019
CALGARY, Alberta, Feb. 26, 2020 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company’s financial and operating results for the fourth quarter and year ended December 31, 2019. All dollar amounts are in United States (“U.S.”) dollars unless otherwise indicated. Production and reserves amounts are on an average Read More

UPDATE 1-Australia’s Afterpay Ltd posts wider loss on higher costs to bring more customers

1 day ago NAMEX Comments Off on UPDATE 1-Australia’s Afterpay Ltd posts wider loss on higher costs to bring more customers
(Adds details on results, share performance, background and CEO comment) Feb 27 (Reuters) – Australian buy-now-pay-later firm Afterpay Ltd reported a wider than expected half-yearly loss on Thursday, as mounting costs of acquiring clients in overseas markets eroded the company’s bottom line. Afterpay added about 700,000 customers in December, bringing its customer base to 7.3 Read More