News

Note: This section contains information in English only.
Sun, 05 Apr 2020 10:41:00 GMT

OPEC+ meeting is delayed

On Saturday, OPEC announced that due to a conflict between Saudi Arabia and Russia OPEC has moved Monday's meeting to April 9.

Sun, 05 Apr 2020 10:03:26 GMT

Trump proposes tariffs on oil

On Saturday, the President of the United States state that he could impose tariffs on crude oil imports.

Sun, 05 Apr 2020 08:42:33 GMT

Trump addresses oil industry's decline

The US President Donald Trump ordered his cabinet on Friday to find ways to ease a money crunch that is experienced by the crude oil industry.

Sun, 05 Apr 2020 07:57:14 GMT

Mexican central bank comments on recession

On Saturday, the Banco de Mexico revealed that the recent economic turmoil has increased risk premiums and decreased growth forecasts.

Sun, 05 Apr 2020 07:30:50 GMT

US banks cut dividends

On Saturday, a report published by Reuters revealed that due to the recent surge in US unemployment US banks could cut dividend payments.

Sun, 05 Apr 2020 05:41:09 GMT

McConnell hints at another stimulus package

The Leader of the US Senate Majority Mitch McConell revealed on Friday that the US Congress would work on an additional coronavirus relief law.

Sun, 05 Apr 2020 05:30:49 GMT

Tesla cuts contract workers

On Saturday, CNBC revealed that Tesla Incorporated has been reducing contract based worker amount in its US production plants.

Sun, 05 Apr 2020 03:41:02 GMT

Saudi Energy Minister comments on OPEC+ deal

The Energy Minister of Saudi Arabia Prince Abdulaziz bin Salman stated in a response to Russian announcements that Russia was the first to withdraw from an OPEC+ deal.

Sun, 05 Apr 2020 03:30:56 GMT

OPEC+ plans major production cut

On Friday, OPEC and its allied oil producing countries revealed that they are planning an unprecedented 10% global crude oil production cut.

Sat, 04 Apr 2020 20:41:15 GMT

Saudi Arabia denies Putin's claims

On Saturday, the Foreign Minister of Saudi Arabia denied Vladimir Putin's statement about Saudi withdrawal from OPEC+ deal.

Sat, 04 Apr 2020 19:57:34 GMT

Airlines apply for payroll subsidies

On Friday, major US airlines applied for US Treasury payroll grants that should keep workers employed, as some experts warned that the funds would not be enough.

Sat, 04 Apr 2020 19:01:42 GMT

World Bank comments on recession

On Friday, the President of the World Bank Group David Malpass stated that due to the COVID-19 pandemic the world should expect a major global recession.

Sat, 04 Apr 2020 17:41:15 GMT

IMF and World Bank provide emergency funds

On Saturday, the World Bank and the International Monetary Fund began to provide emergency funds for low-income and developing countries.

Sat, 04 Apr 2020 16:41:36 GMT

SEC calls for rule change delay

Commissioner Allison Lee of the US Securities and Exchange Commission on Friday requested a delay in upcoming SEC rule changes.

Sat, 04 Apr 2020 15:51:56 GMT

US experts comment on fixing oil prices

On Friday, US antitrust law experts revealed to Reuters that it is legal for state regulators and federal governments to push up oil prices despite it being illegal for private entities.

Sat, 04 Apr 2020 14:51:20 GMT

US warns airlines about cancelled flights

On Friday, US government warned global airlines to issue refunds for tickets bought for cancelled flights.

Sat, 04 Apr 2020 13:43:34 GMT

Workers accuse Exxon Mobil

On Saturday, a union of workers revealed that Exxon Mobil allegedly has been exploiting economic turmoil and used scare tactics in negotiations with employees.

Sat, 04 Apr 2020 12:58:48 GMT

US regulators ease mortgage rules

Supervisors of US banking services announced on Friday that they would not penalize mortgage issuers in the case of missing deadlines set for communication with borrowers.

Sat, 04 Apr 2020 11:53:37 GMT

Trump invokes Defense Production Act

On Saturday, the President of the United Stated Donald Trump issued an order to stop the exports of N-95 face masks by basing the order on the Defense Production Act.

Sat, 04 Apr 2020 11:25:24 GMT

Buffet sells airline stocks

On Friday, Warren Buffet's Berkshire Hathaway Incorporated revealed that it had sold parts of its shares of Delta Air Lines and Southwest Airlines.

Sat, 04 Apr 2020 09:43:05 GMT

Mexico announces stimulus measures

On Saturday, the President of Mexico Andres Manuel Lopez Obrador announced that the country has available $10 billion to fight the coronavirus.

Sat, 04 Apr 2020 08:41:32 GMT

US businesses apply for relief loans

On Friday US morning, US small and medium businesses started applying for the coronavirus bailout debt loans.

Sat, 04 Apr 2020 07:59:58 GMT

General Motors refinances loans

On Friday, General Motors Company stated that it would seek an extension of the maturity of the company's $6 billion debt.

Sat, 04 Apr 2020 06:58:25 GMT

Norway calls for more money to help Palestinian

On Friday, Norway's Foreign Minister Ine Eriksen Soereide called for more aid to help Palestinians to fight the coronavirus crisis.

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