Coronavirus sows doubt over bitcoin’s rally after third ‘halving’
As bitcoin investors brace for a long-awaited technical adjustment that will halve new supply of the cryptocurrency, the coronavirus pandemic has cast uncertainty over the expected rally that has historically accompanied such events.
LafargeHolcim’s deal to sell Philippines business collapses
LafargeHolcim’s deal to sell its Philippines business, valued at $2.15 billion, has failed after the country’s competition authority did not give approval in time.
As U.S. meat workers fall sick and supplies dwindle, exports to China soar
U.S. President Donald Trump ordered meat processing plants to stay open to protect the nation’s food supply even as workers got sick and died. Yet the plants have increasingly been exporting to China while U.S. consumers face shortages, a Reuters analy…
Oil prices drop amid supply glut, fears of second coronavirus wave
Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers.
For central banks, hope for precision fades amid pandemic uncertainty
Central bankers who have spent a generation researching how their words influence the economy and honing the craft of “forward guidance” are now effectively tongue-tied by a health crisis that has no clear destination yet to guide households and invest…
Chinese investment in U.S. drops, pandemic to weigh on this year’s bilateral flows: report
Chinese direct investment in the United States dropped to the lowest level since 2009 last year amid bilateral tensions, and the COVID-19 pandemic will continue to weigh on investment flows between the world’s two biggest economies, according to a repo…
Tesla China sold 3,635 Model 3 vehicles in April, down 64% vs March: CPCA
U.S. electric vehicle maker Tesla Inc sold 3,635 Shanghai-made Model 3 vehicles in China in April, down 64% from March, according to the China Passenger Car Association (CPCA).
Asian shares push higher as more countries ease lockdowns
Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.
Qantas pauses plane deliveries from Airbus, Boeing due to virus
Qantas Airways Ltd said on Monday it had advised Airbus SE and Boeing Co that it did not expect to take delivery of any new planes in the near term as it grapples with a plunge in demand due to the coronavirus pandemic.
Oil prices drop amid supply glut, fears of 2nd coronavirus wave
Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers.
