American Investment Bank Citigroup Inc. lowered its forecast for the cost of Brent crude oil in the first quarter of 2020 to $54 dollars per barrel from the previously expected $69, Bloomberg writes with reference to the bank. Thus, the forecast decrease was 22%. Citi also lowered its forecast for...

Signals that the 2020 could be a tough year for the oil companies were seen in the quarterly results of the two largest oil producers of the United States - Exxon Mobil Corp and Chevron Corp, both of which reported earnings sharply lower than market estimates. This was blamed on weaker crude oil...

Consumers facing threats while at the gas pump or ATM from skimmers or hidden devices that are created to steal credit card information is nothing new.  However now hackers have gone a bit more hi tech where a more insidious and lucrative method is being used for skimming which has come to be...

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), believes that the outbreak of the coronavirus could have a negative impact on the global economy in the first quarter of this year. She has not yet given a further forecast. “Let's just say that in the current quarter...

The rapid spread of the coronavirus in China has forced the Swedish homewares giant IKEA to temporarily close down all of its stores in the country to prevent further spread of the virus, the company announced on Thursday.    A day ago on Wednesday, the biggest furniture retailer of the...

The much anticipated guidelines for its member countries on including the so called high-risk vendors like Huawei in the process of construction of 5G mobile connectivity networks have been issued by the European Union.   Under the new set of guidelines, the EU has developed a “toolbox” of...

Rating agency Fitch Ratings announced a decision to lower the credit risk assessment of Argentina's long-term debt in local currency from "CC" to "RD". The Fitch report notes that Argentina's short-term issuer default rating in national currency was lowered from "C" to "RD", and its long-term...

The trade war and a slowdown in China's economy hit exports. According to the results of 2019, Tokyo reduced the balance of foreign trade operations of Japan with a deficit of almost 1 trillion 644 billion yen, that is, about $ 15 billion, the country's finance ministry said. The trade deficit has...

Netflix stocks fluctuated on Tuesday after the company's report for the IV quarter. The company’s performance was better than expected, but forecast for the first quarter is disappointing. Interestingly, the fourth quarter was the first Netflix financial report since the launch of Disney + and...