According to a former official of the Bank of England (BoE), the impact of the coronavirus pandemic on the economies of the United States and Britain will result in a level of unemployment that could surpass the levels reached during the Great Depression of the 1930s within just a few months. ...

For a second straight week now, the number of Americans who have filed for claims for unemployment benefits has potentially set another all time record as stay at home orders are imposed in more and more states in the United States to prevent the spread of the coronavirus pandemic which has already...

The U.S. Treasury received an additional “$450 billion” from Congress as a part of stimulus package. The Federal Reserve gave out over “$3 trillion in loans and asset purchases” in the last few weeks as a measure to prevent the “U.S. financial system from seizing up”. However, till now the Fed has...

The devastating impact of the coronavirus pandemic gripping almost the entire of the world in the months of February and March has resulted in a 28 per cent drop in the global mergers and acquisitions activity for the first quarter of the current year which is the lowest year on year since 2016....

Following a collapse the factory activity in China in February, there has been a surprise expansion of the activity in the country for the month of March. However analysts cautioned that sustained recovery in the near term for the economy cannot be assured because of the severe drop in global...

Price of Mexican oil exports fell by another 20% on the first day after the weekend, stopping at $ 10.37 by the end of the day, Pemex Oil Corporation said. The fall in oil prices to the level of the late 1990s, when the price confrontation between Saudi Arabia and Venezuela was superimposed on a...

A shortage of gold bars and coins on the market has arisen due to the coronavirus outbreak in the United States, The Wall Street Journal writes. According to the newspaper, dealers sold or temporarily closed all stocks of gold, and the large Swiss financial conglomerate Credit Suisse Group AG,...

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...