After suffering the worst stock market crash since 1987, the US Federal Reserve has announced a $1.5 trillion injection to ease strained capital markets. It is the biggest action by...
March 13, 2020
After suffering the worst stock market crash since 1987, the US Federal Reserve has announced a $1.5 trillion injection to ease strained capital markets. It is the biggest action by...
March 12, 2020
The cascade of bans and cancellations caused by coronavirus around the globe has sent US stocks to their worst losses since the ‘Black Monday' of 1987, with Wall Street officially...
March 12, 2020
Shares of global carriers tumbled on Thursday, after US President Donald Trump imposed restrictions on travelling from Europe in response to the growing coronavirus outbreak, triggering panic among investors. After...
March 12, 2020
Shares of global carriers tumbled on Thursday, after US President Donald Trump imposed restrictions on travelling from Europe in response to the growing coronavirus outbreak, triggering panic among investors. After...
March 12, 2020
Global stock markets hit bear territory this week, with oil prices experiencing their biggest plunge since the 1991 Gulf War. Boom Bust is joined by Professor Richard Wolff of the...
March 12, 2020
Global stock markets hit bear territory this week, with oil prices experiencing their biggest plunge since the 1991 Gulf War. Boom Bust is joined by Professor Richard Wolff of the...
March 12, 2020
US stock trading was halted on Thursday morning after markets in New York dropped as much as nine percent right at the opening bell, triggering a mandatory pause. The heavy...
March 12, 2020
Saudi Arabia is reportedly raising the stakes in its oil war with Russia by tripling crude shipments to the European market at massive discounts in a move that could further...
March 12, 2020
No talks have been planned with Saudi Arabia and other oil producing countries in the region regarding falling crude prices, according to the Kremlin. However, negotiations will be held immediately...
March 12, 2020
Falling energy prices could reduce India's inflation and lower the cost of its import bills, economists say. That could, in turn, help narrow the country's trade and current account deficits....
March 12, 2020
Covid-19 has wreaked havoc on the world's financial markets after the World Health Organization (WHO) declared the outbreak a pandemic, and the US banned all European flights. European stocks opened...
March 12, 2020
The Trump administration will take “unprecedented” action to give financial relief to Americans affected by the coronavirus, ordering tax exemptions for those infected or under quarantine, as well as low-interest...
March 11, 2020
Saudi Arabia and the United Arab Emirates have unveiled plans to ramp up both crude supplies and production capacity as soon as the oil deal with Russia expires. The move...
March 11, 2020
US President Donald Trump has ramped up pressure on the Federal Reserve this week, renewing calls to bring the rates to zero. The Fed should be “a leader, not a...
March 11, 2020
The Russian government will provide favorable conditions for businesses in the country to minimize risks amid global economic turmoil and guarantee the safety of national and foreign investments, said President...
March 11, 2020
The Chinese economy is slowly recovering from the Covid-19 epidemic, with production facilities, stores and leisure complexes resuming operations after weeks-long closures. The coronavirus outbreak could have already “passed its...
March 11, 2020
The Trump administration has announced it will extend a license allowing US companies to continue doing business with China's Huawei Technologies until May 15. The previous license was set to...
March 11, 2020
US shale growth is about to decline, becoming an immediate victim of the Saudi-Russian price war. Saudi Aramco said that it would increase oil production to 12.3 million barrels per...
March 11, 2020
US shale growth is about to decline, becoming an immediate victim of the Saudi-Russian price war. Saudi Aramco said that it would increase oil production to 12.3 million barrels per...
March 10, 2020
It will take the oil market several months to recover from the current turbulence, Russian Energy Minister Alexander Novak said on Tuesday, adding that plummeting oil prices were not a...
March 10, 2020
Lebanese banks have been imposing restrictive informal capital controls as the country has spiraled into its worst economic crisis in decades. Currency withdrawals are limited to between $50 and just...
March 10, 2020
Most of the world's stock markets rebounded on Tuesday following the worst crash since the 2008 financial crisis. US stocks are leading the recovery, with the Dow Jones Industrial Average...
March 10, 2020
The Covid-19 outbreak has been taking its toll on global supply chains and economic growth, but how governments are tackling the problem could have far worse economic consequences, an expert...
March 10, 2020
American shale drillers are poised to be among the biggest losers in the Riyadh-launched oil price war, experts told RT. They say the kingdom's dramatic move will be ‘painful' for...
March 10, 2020
Oil prices have gained around nine percent on Tuesday following the biggest one-day rout in nearly three decades, after Saudi Arabia threatened to boost production and offer discounts. Benchmark Brent...
March 10, 2020
Oil prices have gained around nine percent on Tuesday following the biggest one-day rout in nearly three decades, after Saudi Arabia threatened to boost production and offer discounts. Benchmark Brent...
March 10, 2020
Riyadh's actions in the oil market could be a grave miscalculation and will definitely backfire, but they will not make Moscow dance to its tune, analysts have told RT. Crude...
March 10, 2020
Gold – regarded as the traditional safe haven – could be “one of the beneficiaries” of the global stock market panic caused by the Russian-Saudi standoff over oil and the...
March 10, 2020
Russia's main index on the Moscow Exchange opened almost 10 percent lower after the long weekend holiday on Tuesday, before recovering most of its losses during the afternoon trade, but...
March 9, 2020
The US shale market is to bear the brunt of the raging oil price war that has sent Dow Jones and crude prices down, and Saudi Arabia will fare no...
March 9, 2020
The US shale market is to bear the brunt of the raging oil price war that has sent Dow Jones and crude prices down, and Saudi Arabia will fare no...
March 9, 2020
The US shale market is to bear the brunt of the raging oil price war that has sent Dow Jones and crude prices down, and Saudi Arabia will fare no...
March 9, 2020
The drop in oil prices is likely to be short-lived, veteran stock broker Peter Schiff told RT, since the deflation of the whole US debt bubble and crash of the...
March 9, 2020
While neither Moscow nor Riyadh want to see oil trading at record lows, their failure to agree on how to boost the market has led to an all-out price war....
March 9, 2020
The country that pulled the final trigger to send oil prices into a freefall, Saudi Arabia, may suffer most from the oil market turmoil, analyst Kamel Wazne says, noting that...
March 9, 2020
Russia's sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30 per barrel, the Finance Ministry announced amid a...
March 9, 2020
Stock markets in Europe are opening to a downward trend, following a plunge in Asia. The pan-European STOXX 600 fell 6.1 right after stock exchanges opened in London, Paris, and...
March 9, 2020
As the new week begins, you might be surprised to see all the major stock markets down and oil recording its worst losses in nearly two decades. Here is what...
March 9, 2020
As stocks, currencies, crude and other commodities fall, cryptocurrencies are also affected by the global meltdown. Bitcoin plunged over 10 percent to under $8,000, with others also dropping. After trading...
