Sign In/Free Sign Up 0 Economic Indicators10 hours ago (Apr 09, 2020 08:34AM ET) (C) Reuters. By Geoffrey Smith Investing.com -- Another 6.61 million American filed initial claims for jobless benefits last week, fresh evidence of the dramatic decline in the economy caused by the Covid-19 pandemic. The number was more than the 5.25 million expected ...

Forex10 hours ago (Apr 09, 2020 08:27AM ET) (C) Reuters. IMF Sees World Economy in Worst Recession Since Great Depression (Bloomberg) -- The International Monetary Fund sees the world economy suffering its worst recession since the Great Depression this year, with emerging markets and low-income nations in Africa, Latin America and Asia at particularly high risk. The IMF's baseline outlook ...

(C) Reuters. FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity By Andrea Shalal and David Lawder WASHINGTON (Reuters) - The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, ...

Economic Indicators11 hours ago (Apr 09, 2020 08:10AM ET) (C) Reuters. FILE PHOTO: Lockdown imposed to slow the spreading of the coronavirus disease (COVID-19) in Paris PARIS (Reuters) - A nationwide lockdown in France has reduced economic activity by 36%, the INSEE official statistics agency said on Thursday, confirming an initial estimate last month. In an updated analysis of the ...

Economy11 hours ago (Apr 09, 2020 07:45AM ET) (C) Reuters. FILE PHOTO: U.S. hypermarket chain Costco Wholesale Corp store is pictured in Shanghai, BEIJING (Reuters) - U.S. retail giant Costco (O:COST) will open a new store in China's eastern city of Suzhou, near Shanghai, state media reported on Thursday. Costco's subsidiary in Suzhou on Thursday bought a piece of land ...

2/2 (C) Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City 2/2 By Lawrence Delevingne BOSTON (Reuters) - A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to ...

Economy12 hours ago (Apr 09, 2020 06:39AM ET) (C) Reuters. By Geoffrey Smith Investing.com -- Another 5.25 million Americans are expected to have filed for jobless benefits last week. The numbers are out at 8:30 AM ET (1230 GMT). OPEC and Russia will meet to thrash out a possible cut of some 10 million barrels a day in output - ...

Economy5 hours ago (Apr 09, 2020 02:06PM ET) (C) Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London By David Milliken LONDON (Reuters) - The Bank of England has agreed to temporarily lend the government money if needed to help finance its massive COVID-19 spending plans, reviving a measure used during the 2008 financial crisis. Sensitive to ...

Economy14 hours ago (Apr 09, 2020 04:40AM ET) (C) Reuters. FILE PHOTO: Outbreak of coronavirus disease (COVID-19), in Berlin BERLIN (Reuters) - Some 650,000 companies had applied for short-time work in Germany by April 6 and the number of people on the scheme due to coronavirus is likely to be much higher than during the global financial crisis, the German ...

Economy14 hours ago (Apr 09, 2020 04:35AM ET) (C) Reuters. FILE PHOTO: Carrier trailer transports newly manufactured cars at a port in Dalian BEIJING (Reuters) - China's auto market, the world's biggest, will gradually recover and remain stable for a long period of time despite short term pressure from the coronavirus epidemic, officials said on Thursday China's auto sales dropped ...

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