MSCI’s broadest index of World shares crawled 0.2% higher, having climbed 2.2% the previous day to reclaim a good portion of the ground it lost last week.

There are currently more than 20 million people unemployed as a result of the epidemic, which has killed more than 115,000 people in the United States, with minority communities among those hardest hit on both fronts.

U.S. Federal Reserve prepared to start its corporate bond buying scheme,

The pan-European STOXX 600 index rose 2.2%, recovering from a slump in the past few sessions that was fuelled by grim forecasts of an economic rebound from the COVID-19 pandemic and a resurgence in infections in the United States and Beijing.

Spending is also expected to be largely flat in 2021, landing only marginally higher than 2020 at $386 billion. Before the Covid-19 pandemic, expected total upstream investment would maintain last year’s levels, both in 2020 and 2021.

Buying renewable energy certificates (RECs) give companies a way to offset their carbon footprint while providing a market for renewable energy and allows the renewable developer to have a long-term REC revenue stream to justify the investment anywhere in the US and at different pricing options.

South African Nuclear Power Programme may comprise a blend of baseload power combining both conventional PWR and SMR technologies to a total of 2500 MW

Aramco had been looking to restructure the deal after SABIC’s market value fell more than 40% due to an oil price slump.

BP actions will lead to non-cash impairment charges and write-offs in the second quarter, estimated to be in an aggregate range of $13 billion to $17.5 billion post-tax.

The government of South Africa has approved the merger of three oil and gas subsidiaries of the state-owned Central Energy Fund (CEF) into a National Oil Company.

Europe’s largest economy went into lockdown in March, with many firms halting production and shops closing. It is now facing its worst recession since World War Two after the economy contracted by 2.2% in the first quarter.

Spot gold was down 0.7% at $1,718.13 per ounce as of 0929 GMT. U.S. gold futures slipped 0.8% to $1,722.70.

The German government formally adopted its long-anticipated national hydrogen strategy

“[Fossil] energy loans at the country’s six largest lenders jumped 23% to C$71.6 billion in their fiscal second quarter from the prior period,” Bloomberg reports, citing the banks’ financial disclosures. “Toronto-Dominion Bank had the largest increase at 29%, while Bank of Nova Scotia remained the biggest lender, with $21.6 billion in loans.”

the Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent.