Business – Page 33 – PressClub World

24. 6. 2020 No Responses

Canada Loses Its AAA Rating

So actually CanadAA+, Fitch Ratings has downgraded Canada’s Long-Term Foreign Currency Issuer Default Rating (IDR) to AA+ from AAA (outlook stable) citing the deterioration of Canada’s public finances resulting from the pandemic. FX markets chewed the headline and extended the losses on...

23. 6. 2020 No Responses

Bayer Pays $10BN To Settle Thousands Of Monsanto Glyphosate Lawsuits

After decades of widespread use as company scientists played down research showing a definitive link between the product and growing rates of non-Hodgkins lymphoma, Monsanto parent company Bayer has agreed to pay up to $10 billion to settle claims that...

22. 6. 2020 No Responses

The Oil Countries And Their Breakevens

Here is a look at some of the other oil market players that are finding themselves on equally dangerous dire straits. Oman Analysts may be overstating Oman’s role as a mediator in a volatile region, but make no mistake–Oman is...

21. 6. 2020 No Responses

$18 Trillion In Global Stimulus In 2020

Over $18 Trillion In Global Stimulus In 2020, 21% Of World GDP – the latest observations from BofA chief investment officer, Michael Hartnett who concluded that there is just one bull market to short – namely credit – “and the Fed wo...

19. 6. 2020 No Responses

Investor Legend Jeremy Grantham Is “Amazed” At This Unprecedented Stock Bubble

The generally cheerful investing icon Jeremy Grantham unleashed fire and brimstone, taking his $7.5 Billion portfolio to a net short position for the first time since the Global financial crisis, and summarizing his dire assessment of the current unprecedented...

18. 6. 2020 No Responses

Boeing: More 737 MAXs canceled and no passenger jets delivered

The devastating airline downturn effectively paralyzed Boeing’s passenger jet business in May. For the month, Boeing delivered a paltry four military airplanes, not one of those a passenger jet, and only took in new orders for a net gain of...

17. 6. 2020 No Responses

Qatar Airways will not take new planes this year or next

Qatar Airways will not take any new planes ordered from Boeing or Airbus in 2020 or 2021, Chief Executive Officer Akbar al-Baker said on Wednesday, adding there would be a knock-on effect on future deliveries due to the coronavirus pandemic....

15. 6. 2020 No Responses

The FED Has Monetized All Treasury Issuance In 2020

There is no more controversial entity in the US, more inflammatory yet out of the spotlight of public outrage, than the Federal Reserve: it is the FED’s actions over the past 108 years – and especially over the past decade...

13. 6. 2020 No Responses

World’s First Passenger Drone Service At Luxury Hotel

An autonomous aerial vehicle technology company called Ehang has launched the world’s first commercial Urban Air Mobility (UAM) service in China. The EHang 216 drone can carry fly two human passengers, has been exhibited in China and Europe over t...

12. 6. 2020 No Responses

El-Erian Warns: Bad Things Happen When Markets Front-Run The Economy

Governments need to ensure durable growth that benefits more than the well-off in society. For most of the last 15 years, the US economy has relied on a mix of public and private finance to liquefy financial markets, boost asset prices...

10. 6. 2020 No Responses

Volkswagen Management In Turmoil

As if Volkswagen didn’t have enough problems as it attempts to extricate itself from the coronavirus morass, the issue of its unsatisfactory system governance is rearing up again. CEO Herbert Diess lost his other job as head of VW brand...

9. 6. 2020 No Responses

Chesapeake Energy preps bankruptcy plan

In 1994, the Italian scientists discovered a new physical phenomenon – the production of energy in Ni / H reactions. These reactions were neither chemical nor nuclear. His work was followed by about 50 scientific teams, including such names as...

8. 6. 2020 No Responses

Euphoria Hits Dot Com Insanity High

Less than three months after markets were gripped by a historic bout of panic, dumping everything – bonds, stocks, gold, bitcoin – in a liquidation frenzy, euphoria on Wall Street is back to levels not seen since the dot com bubble...

6. 6. 2020 No Responses

World Trade Refuses To Rebound

The pandemic and ensuing lockdowns across the world have led to a recession, if not depression, unseen since the 1930s. It has resulted in unprecedented job loss and economic declines in both developed and emerging economies. Central bankers have spent the...

5. 6. 2020 No Responses

GE Aviation delivers first KF-X engine

The US-based powerplant manufacturer announced the milestone on 4 June, noting that the first F414-GE-400K engine was delivered in May. Korea Aerospace Industries (KAI) selected GE Aviation in May 2016 to partner on the KF-X project, with an initial 15...

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