Fed’s purchase move brings in some “positive effect on liquidity” besides lightening the panic stricken securities related to loans. On last Friday, mortgage related shares fell whereby indicating the fact that the moves taken by the Federal Reserve had brought in some “positive effect on...

The coronavirus pandemic bringing down global demand for oil as well as the breakdown of the production pact between the oil cartel OPEC and Russia and other oil producers earlier this month has crashed global oil prices. This has severely impacted African oil producing countries as they are not...

While offering more than $3 trillion in loans and asset purchases within a few recent weeks to help the economy to ride with the economic impact of the coronavirus pandemic, the Federal Reserve of the United States has not provided any direct help to the top large parts of the economy comprising of...

The world is on the verge of running out of free space for storing unclaimed oil - this will happen in just three months, according to industry experts quoted by Bloomberg. The IHS Markit consulting company notes that the current rate of supply and demand means that reserves will increase by 1.8...

South Korean electronics giant Samsung Electronics Co Ltd had pinned its hopes and plans of making inroads into the lucrative Japanese market on the 2020 Tokyo Olympics games. Currently its rival Apple is the dominant market player in the Japanese market.   However the marketing plans of the...

Saudi Arabia is holding no talks with Russia on striking a deal to create a balance in the global oil market, the kingdom said on Friday, even though there is pressure from the United States to prevent a price rout of oil with the fall in demand because of the coronavirus pandemic and amid efforts...

The lockdowns in countries all across the world to combat the spread of the deadly coronavirus pandemic has dashed oil demand causing a huge slump in global refinery business even as the first news of shutdown of oil refineries emerge from India and Europe on Friday.   Force majeure was...

While economists and analysts agree that the United States economy has slipped into a recession, they are wondering how much worse can the situation get.   An entire generation of Americans was severely impacted by the Great Depression that started in 1929 with a crash of the stock market...

European Union leaders gave themselves two more weeks to work out details for providing support for their economies that have been hit by hard by the coronavirus pandemic as the leaders could not come to an agreement on Thursday about how much should the support amount be. The dispute about the...