Dash for emergency cash provokes fund industry backlash
As companies pull the emergency cash cord to help them through the coronavirus crisis, shareholders have been split by an easing of the rules to make it easier for them …
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Why Brent oil won’t follow U.S. WTI futures below zero
Brent oil futures are set for extreme volatility when the front-month June contract expires next week, but they will avoid the historic plunge below zero that U.S. peer WTI has …
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Oil dip unsurprising, second-quarter GDP drop could be biggest ever: White House’s Hassett
White House economic adviser Kevin Hassett said on Tuesday the current dip in oil prices is due to a “very short-run thing” and markets will find a new normal. “This …
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Remember the 1980s glut: Ex-BP boss Browne warns oil will stay low
The oil price will stay low for some time as supply exceeds demand and the current situation on global oil markets is reminiscent of the 1980s oil glut, former BP …
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Analyst View: After U.S. oil futures crash, what next?
A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of unwanted stocks with storage …
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IHS slashes 2020 global light vehicle sales outlook
Data firm IHS Markit sharply lowered its 2020 forecast for global light vehicle sales on Tuesday and warned that the United States will take the biggest hit from the coronavirus …
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Air Canada to suspend flights to U.S.
Air Canada (AC.TO) said on Tuesday it would suspend flights between Canada and the United States after April 26 due to the coronavirus pandemic. The move comes as a result …
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