The New York Stock Exchange (NYSE) will shut down its trading floor and temporarily switch to electronic transactions after several traders were confirmed to carry the coronavirus. Starting next Monday,...
March 18, 2020
The ongoing Covid-19 crisis wreaked havoc on global markets, as investors gave a mixed response to stimulus measures and containment efforts. In the US, the Dow Jones closed lower than...
March 18, 2020
There is no way the global economy can avoid a recession, according to Roberto d'Ambrosio, the CEO of Axiory Global. He told RT that demand will come to a halt...
March 18, 2020
Germany's BMW and Japan's Toyota have joined the list of global carmakers closing their manufacturing plants across Europe due to the Covid-19 outbreak which has become a huge blow to...
March 18, 2020
Wall Street faced another steep dive on Wednesday as stimulus measures by governments in response to the global coronavirus crisis have failed to impress investors. Trading was even temporarily suspended...
March 18, 2020
As countries close their borders to contain the coronavirus outbreak, the biggest disaster faced by businesses big and small is the shutdown of the global economy. While Covid-19 has rattled...
March 18, 2020
Asia-Pacific markets finished significantly lower on Wednesday again, shrugging off the stimulus pledges by world leaders. Investors fear the measures may still not be enough to protect economies though the...
March 18, 2020
Crude prices hit a 17-year low as they continued to plunge on Wednesday amid fears that the coronavirus outbreak and containment measures could trigger a global recession. The price of...
March 18, 2020
The novel coronavirus has severely disrupted global economic activity and the damage is about to get worse in the United States and Europe, according to international credit-rating agency S&P. “The...
March 17, 2020
The global markets' current implosion was 100 percent guaranteed, former Wall Street stockbroker Max Keiser told RT. According to him, the financial markets are best described as a “quadrillion-dollar Ponzi...
March 17, 2020
Wall Street opened slightly higher on Tuesday, a day after US stocks saw the worst sell-off in more than 30 years as the impact of the coronavirus on the global...
March 17, 2020
An emergency response from the US Federal Reserve failed to calm investors amid the coronavirus panic and led to another market bloodbath. However, it didn't have any other options, a...
March 17, 2020
Governments worldwide are trying to stop the spread of the Covid-19 virus, which now threatens the global economy. RT talked to legendary investor Jim Rogers about the financial consequences of...
March 17, 2020
The French government said on Tuesday it is ready to use all measures necessary to support big companies suffering during the current global market turmoil caused by the Covid-19 pandemic....
March 17, 2020
The airline industry is in crisis because of the coronavirus pandemic. The Italian government announced on Tuesday it plans to re-nationalize the bankrupt Alitalia airline under an emergency economic rescue...
March 17, 2020
European aviation giant Airbus has decided to pause production and assembly activities at its French and Spanish facilities for the next four days to contain the spread of coronavirus. “This...
March 17, 2020
The coronavirus has wreaked havoc on global stock markets, but this may just be the start of a much bigger economic crisis. Investment professionals on Wall Street spend their days...
March 16, 2020
The Dow Jones plummeted nearly 3,000 points (2,997.1, to be exact) at the close of trading on Monday, finishing down 12.93 percent as markets continued to slide despite tripping a...
March 16, 2020
Trading on Wall Street was halted on Monday after stocks had plunged immediately after the opening bell, despite the promise by the US Federal Reserve to provide more stimulus. The...
March 16, 2020
Prices of precious metals are falling on lack of investor confidence that stimulus measures taken by the world's central banks are enough to steady the markets. On Sunday, the US...
March 16, 2020
The price of oil continued its downward trajectory on Monday as emergency rate cuts by the US Federal Reserve and its global counterparts failed to calm the markets. Benchmark Brent...
March 16, 2020
Global stock markets plunge despite drastic action by governments as coronavirus paralyses economies
World equities continued to fall on Monday, even as the US Federal Reserve slashes rates to zero and launches a massive quantitative easing program to try to offset the coronavirus...
March 16, 2020
Car industry giant Fiat Chrysler Automobiles is suspending production across most of its European plants through March 27. The decision follows nationwide lockdowns across the continent to contain the coronavirus...
March 16, 2020
Car industry giant Fiat Chrysler Automobiles is suspending production across most of its European plants through March 27. The decision follows nationwide lockdowns across the continent to contain the coronavirus...
March 16, 2020
Car industry giant Fiat Chrysler Automobiles is suspending production across most of its European plants through March 27. The decision follows nationwide lockdowns across the continent to contain the coronavirus...
March 16, 2020
France's national competition regulator announced on Monday it has fined American tech giant Apple a record €1.1 billion ($1.23bn) for anti-competitive practices after nearly a decade of investigations. The decision...
March 16, 2020
Russian Prime Minister Mikhail Mishustin announced on Monday the establishment of a 300-billion-ruble anti-crisis fund in order to support the country's economic sectors and citizens amid the global coronavirus pandemic....
March 16, 2020
Russian Prime Minister Mikhail Mishustin announced on Monday the establishment of a 300-billion-ruble anti-crisis fund in order to support the country's economic sectors and citizens amid the global coronavirus pandemic....
March 15, 2020
Scandinavian Airlines (SAS) has decided to halt “most of” its flights, stating that the demand for air travel has effectively fallen to zero. The move comes along with “temporary work...
March 15, 2020
Saudi Arabia's state-run oil giant Saudi Aramco has announced a sharp drop in its 2019 profit, falling well below expectations and coming a week after a reported oil dispute between...
March 15, 2020
The White House is considering a rescue package for the US shale industry, although the idea is getting pushback from so many sides that it faces challenging odds of passing...
March 15, 2020
US sportswear giant Nike says it will shut down all retail stores in North America, Europe, Australia and New Zealand, to do its part in stopping the Covid-19 pandemic. Stores...
March 14, 2020
Major European airlines are set to axe thousands of jobs and, without bailouts, some are facing collapse as the coronavirus pandemic wreaks havoc on the industry. After weeks of uncertainty...
March 14, 2020
Global demand fears and a new supply crisis have triggered the sharpest decline in oil prices in decades and US shale drillers could become the first victim. Oil opened on...
March 14, 2020
Tech giant Apple has closed all its retail stores world wide, except those in Greater China, for the next two weeks, in an effort to combat the spread of the...
March 14, 2020
The World Travel and Tourism Council (WTTC) said this week that up to 50 million tourism jobs could be lost because of the Covid-19 pandemic as it "presents a significant...
March 13, 2020
Microsoft co-founder and tech icon Bill Gates has resigned from the company's board of directors, stating he will dedicate more of his energies to philanthropy, but will continue to advise...
March 13, 2020
With oil prices cratering worldwide, President Trump added an extra order to his list of executive responses to the coronavirus pandemic: buy up crude oil and fill the US' reserves...
March 13, 2020
The global markets bloodbath this week caused by the coronavirus pandemic took a definite bite out of the wealth of the world's richest. The top twenty billionaires lost over $78...
March 13, 2020
Equities around the world traded wildly on Friday after suffering one of the worst crashes of all time as global panic over the coronavirus outbreak spread to investors. Asian stock...
