Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has defended the strength of the Organisation of the Petroleum Exporting Countries (OPEC) and its ability to react to the recent slump in oil prices caused by the Covid-19 epidemic.
The volatility index, or VIX, is at 12-monthly highs, suggesting the market expects increasingly erratic share movements, mainly downwards. But is the VIX any more insightful than the sum of traders’ and investors’ best guesses?
Amazon Go opens new, bigger store in Seattle and aims to capture a percentage of the weekly grocery shop
The latest funding for British fintech firm Revolut takes it to the top of the digi bank valuation charts as it looks to go global.
UK companies are falling behind when it comes to low-carbon investment, contributing just 3 per cent of the total spent on low-carbon capital and R&D initiatives.
High security printer De La Rue is to cut costs in a bid to regenerate its fortunes after it failed to win a lucrative contract to produce the new UK blue passports
24 crypto networks processed more than 3.1 billion transactions in the past decade
The price of gold surges to seven-year high as investors flock to safe-haven assets over Covid-19 fears
The price of oil falls by nearly 4 per cent as the rapid spread of the coronavirus outside China alarms investors
Employees of some major Korean companies self-quarantine or are asked to stay at home as the country scrambles to contain hundreds of coronavirus infections.
Chinese biotech company Clover Biopharmaceuticals teams up with GlaxoSmithKline to help develop its protein-based coronavirus vaccine
Steel makers and traders in China report record inventories as the coronavirus outbreak brings construction and manufacturing activities to a standstill
Stocks and the pound made a shaky start to a week in which both Britain and the European Union will set out their demands ahead of trade talks starting next month. Sticking points include UK alignment with EU rules and access for continental fishing boats to British waters.
Diamond giant De Beers reports its worst earnings since 2009 as global economic slowdown takes its toll
Morgan Stanley is to buy discount brokerage E*Trade Financial Corp in a stock deal worth about USD 13bn, making it the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis
