US prosecutors say FIFA execs were bribed to award World Cup to Qatar and Russia April 7, 2020 US prosecutors yesterday said FIFA officials took bribes in connection with the award of the 2018 and 2022 men’s football World Cups to Russia and Qatar. The accusations were contained in the indictment of two former 21st Century Fox executives accused of paying millions of dollars in bribes to secure lucrative media and marketing rights [...]
Crypto space hits record daily trading volumes April 7, 2020 Last week the price of Bitcoin recovered form a $6,250 low to $7,100, claiming back the territory lost in mid-March, when it dropped from a $7,100 high to about $3,800 in a two-day period. Ethereum, the second-biggest cryptocurrency by market capitalization, rose from $131 to $152 in the same period. A newly published report has [...]
Oil prices continue fall amid fears production cuts won’t go far enough April 6, 2020 Oil prices have continued to fall this afternoon amid fears that proposed cuts to production will not go far enough to stabilise prices, which have been in freefall due to the coronavirus pandemic. Benchmark Brent crude fell over five per cent to stand at $32.3, while West Texas Intermediate shed seven per cent to hit [...]
US stocks jump as investors cheer apparent coronavirus slowdown April 6, 2020 US stocks have surged in early trading as investors are encouraged by an apparent slowdown in the spread of coronavirus. The S&P 500 jumped 4.9 per cent while the Dow Jones was up 5.2 per cent. The Nasdaq climbed 4.8 per cent. Stocks were higher in Europe too. The UK’s FTSE 100 was up 2.8 [...]
Oil prices slip as investors doubt Saudi-Russia agreement April 6, 2020 Oil prices have fallen despite the head of Russia’s sovereign wealth fund saying Russia and Saudi Arabia are “very, very close” to a deal on supply cuts. Brent crude was down 2.5 per cent at $33.30 in a sign that investors are sceptical an agreement will be reached. US West Texas Intermediate was two per [...]
Oil prices slip on delayed talks but stocks rise as coronavirus cases slow April 6, 2020 Oil prices dipped on Monday after talks between Saudi Arabia and Russia to cut output were postponed, while a slowdown in coronavirus deaths and cases saw stocks jump. Brent crude fell as much as $4 overnight after Saudi Arabia and Russia delayed the negotiations, which were expected to go ahead today, to Thursday. Brent crude [...]
Boris Johnson and Dominic Raab urge world leaders to avoid protectionist trade policies April 5, 2020 Boris Johnson and Dominic Raab have warned world leaders not to implement protectionist policies during the coronavirus crisis after Donald Trump halted millions of face masks being exported to Germany. Raab wrote an article on behalf of himself, Johnson and international trade secretary Liz Truss to urge G7 and G20 leaders to “keep trade routes [...]
Oil prices surge but global stocks drop over coronavirus fears April 3, 2020 Global stocks have slipped lower even as oil prices have rebounded, as investors focus on the economic fallout from coronavirus. Oil prices have jumped after US President Donald Trump yesterday announced Saudi Arabia and Russia would cut production. Brent crude rose 10.8 per cent to $33.18 per barrel. US crude rose 4.4 per cent to [...]
FTSE 100 falls as oil prices slip and coronavirus spreads April 3, 2020 The FTSE 100 has fallen at the bell after oil prices slipped and the number of global coronavirus cases topped 1m. Britain’s oil-heavy FTSE 100 index was 1.3 per cent lower just after the open at 5,411 points. The benchmark had risen roughly 0.8 per cent the day before. European markets were also lower. The [...]
Asian stocks slip on oil and coronavirus pessimism April 3, 2020 Asian stocks dropped overnight as oil prices pared some of their gains and investors braced themselves for another weekend of headlines about the spread of coronavirus. China’s Shanghai composite index fell 0.8 per cent, Hong Kong’s Hang Seng dropped 0.7 per cent, and Japan’s Nikkei slipped 0.1 per cent. Australia’s S&P ASX fell 1.7 per [...]