Pound Hits New March 2020 Low Below $1.19 As UK Govt In Crisis
LONDON (Reuters) – Sterling plunged to a new March 2020 low against the dollar on Tuesday, extending losses after the…
Reuters
Euro Falling Towards Parity Pain Point
LONDON (Reuters) – A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with…
Oil Slumps $10/bbl As Recession Fears Darken Demand Outlook
By Laila Kearney NEW YORK (Reuters) -Oil plummeted by about $10 a barrel on Tuesday on concerns of a looming…
Russia’s Potanin Weighs $60 Billion Metals Merger As Defence Against Sanctions
(Reuters) -Russian businessman Vladimir Potanin has said he is ready to discuss a possible merger between his mining group Nornickel…
Wall Street Pushes Up Exxon Forecasts As Refining Margins Soar
HOUSTON (Reuters) – Wall Street analysts sharply increased their Exxon Mobil’s second quarter profit estimates after a securities filing showed…
Uber Continues Global Expansion With Launch In Israel
JERUSALEM (Reuters) – Uber Technologies Inc said it was launching its ride-hailing and platform in Israel by connecting to a…
Consumer Belt Tightening Hobbles Demand For Solder Metal Tin
By Pratima Desai LONDON (Reuters) – Recession worries and consumer belt tightening have hit demand for electronic goods, which is…
Bank Of England Tells Lenders To Brace For Economic Storm
By Andy Bruce and Huw Jones LONDON (Reuters) -The Bank of England warned on Tuesday that the economic prospects for…
AstraZeneca To Buy Biotech Firm TeneoTwo For Up To $1.27 Billion
(Reuters) -AstraZeneca agreed to acquire biotechnology firm TeneoTwo Inc in a deal worth up to $1.27 billion on Tuesday, in…
Evergrande Electric Vehicle Unit To Start Taking Pre-orders
HONG KONG (Reuters) – China Evergrande New Energy Vehicle Group Ltd said on Tuesday it would start taking pre-orders for…