Economic Indicators10 hours ago (Mar 03, 2020 04:41AM ET) LONDON (Reuters) – A measure of Britain’s building industry turned positive for the first time in nearly a year in February as Prime Minister Boris Johnson’s election win boosted economic sentiment for the second month in a row, a survey showed […]
Coronavirus Is Disrupting British Factories’ Supply Chains
Economic Indicators12 hours ago (Mar 03, 2020 02:12AM ET) (C) Reuters. Coronavirus Is Disrupting British Factories’ Supply Chains (Bloomberg) — The coronavirus outbreak is starting to feed through to British factory supply chains, casting doubt on whether an upswing in activity after Boris Johnson’s election will continue. IHS Markit said […]
Commodities Weekly: Oil Rises, First Time In 8 Days
Central banks’ assurances that they stand ready to act to support local economies hit by the CoVid-19 outbreak turned risk appetite around yesterday, lifting equity, oil and industrial metals markets while hurting gold. Agricultural commodities were mixed, with wheat and sugar under pressure but corn and soybeans rose. An emergency […]
RBA Cuts Rates to 0.5% as China Slowdown Continues
Economy15 hours ago (Mar 03, 2020 12:00AM ET) (Bloomberg) — Australia’s central bank validated the money market’s late swing, easing interest rates in an effort to cushion the blow from China’s economic slowdown and associated coronavirus fallout. Reserve Bank Governor Philip Lowe reduced the cash rate by a quarter percentage […]
1,357 Delegates Up for Grabs–and More Key Super Tuesday Stats
It feels as if the Democratic primary has been going on forever. Ten debates. Twenty-eight campaigns launched, 23 folded. Hundreds of millions of dollars in advertising. And yet, despite all that, only 149 pledged delegates–of an eventual 3,979–have been awarded so far. Nothing has actually been decided. With strong showings […]
Brazil posts $3.1 billion trade surplus in Feb, no coronavirus impact yet
Economic Indicators10 hours ago (Mar 02, 2020 03:31PM ET) By Marcela Ayres BRASILIA (Reuters) – Brazil posted a trade surplus of $3.1 billion in February, official data showed on Monday, far stronger than forecast and confounding any expectations that the coronavirus outbreak might have dampened exports. February’s figure was double […]
Will Natural Gas Break The 2016 Lows?
The natural gas futures market ended last week with another new low. While markets across all asset classes were panting from a week of wild volatility, natural gas quietly slipped below the $1.70 per MMBtu level after the March futures rolled to April. Natural gas can be one of the […]
Startup Guesty Under Investigation for Illegal Airbnb Bookings in NYC
That aligns with the city’s findings. In New York, investigations have already uncovered more than one case where Guesty’s platform played an essential role in the day-to-day operations of illegal short-term rental empires. One high-profile scheme run by real estate brokerage firm Metropolitan Property Group, which earned more than $20 […]
U.S. manufacturing sector stalls as coronavirus hits supply chains
By Lucia Mutikani WASHINGTON (Reuters) – U.S. factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has revived financial market fears of a recession. While other data on Monday showed construction spending increased by the most […]
U.S. homeowners, banks approach refinancing field day
U.S. homeowners, banks approach refinancing field day By David Henry NEW YORK (Reuters) – U.S. mortgage borrowers may soon be able to refinance at rates even lower than they were on the heels of the country’s recession a decade ago, in what industry sources are calling a “once-in-a-lifetime” chance to […]