Finance
2020, March, 18, 12:15:00
FRANCE'S STIMULUS $50 BLN
Finance Minister Bruno Le Maire announced a €45 billion ($50 billion) aid package to help businesses and employees cope with the escalating health crisis and brace for a recession.
2020, March, 18, 11:45:00
U.S. INDUSTRIAL PRODUCTION UP 0.6%
U.S. industrial production rose 0.6 percent in February after falling 0.5 percent in January
2020, March, 17, 13:25:00
IMF OFFERS HELP $1 TLN
The IMF stands ready to mobilize its $1 trillion lending capacity to help our membership.
2020, March, 17, 13:15:00
EXXON REDUCE SPENDING
ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases,
2020, March, 17, 13:10:00
GERMANY'S RENEWABLE INVESTMENT €5 BLN
The German energy group RWE plans to invest €5bn to expand its renewable capacity by 2022, including €1bn in Germany.
2020, March, 16, 10:30:00
U.S. FEDERAL FUNDS RATE 0 - 0.25%
the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent.
2020, March, 16, 10:25:00
UAE, SAUDI ARABIA INCENTIVES $40 BLN
The UAE's central bank announced a package of $27.3 billion, Saudi Arabia's central bank announced the same day a $13.3 billion package
2020, March, 16, 10:10:00
CHINA, FRANCE WIND INVESTMENT $1 BLN
The joint-venture project, with a total investment of 7.9 billion yuan (about 1.13 billion U.S. dollars), was the first of its kind in offshore wind power with both domestic and foreign investment, China Energy said.
2020, March, 13, 12:30:00
U.S. STOCK INDEXES DOWN
The benchmark S&P 500 and the Nasdaq have lost over a quarter of their value since reaching record closing highs just 16 sessions ago, as nations around the world grapple with how to contain the fast-moving coronavirus and its economic effects.
2020, March, 13, 12:25:00
U.S. ENERGY BONDS: $110 BLN
The falls in the bonds come in the wake of the failure of Opec and Russia late last week to agree a deal on cutting production,
2020, March, 13, 12:20:00
RUSSIA FOR U.S. SHALE: $570 BLN
Moscow’s decision to withdraw last week from a pact with Saudi Arabia to limit crude production, sparking an oil war that sent prices crashing 30 per cent on Monday, upending global markets.
2020, March, 13, 12:00:00
GREEN HYDROGEN COST
Researchers have stated that hydrogen is likely to be cost-competitive by 2035. But other technologies, such as battery storage, which have had a head start over hydrogen are more economical in the short term.
2020, March, 11, 11:50:00
LUKOIL PROFIT UP 3.4%
In 2019, profit attributable to PJSC LUKOIL shareholders amounted to RUB 640.2 bln, 3.4% higher year-on-year. The growth was constrained by higher depreciation and lower non-cash foreign exchange gain.
2020, March, 10, 13:25:00
ARAMCO'S IPO PROBLEMS
On Monday, Aramco shares opened trading at Riyals 27 ($7.19) before rising modestly to close at Riyals 28.35. That is 11.4% below its IPO price, prompting the company's valuation to slide to about $1.5 trillion from $1.7 trillion in December, in the wake of Friday's failure by OPEC and Russia to reach a deal on oil production cuts.