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Wednesday, February 19, 2020

Economy

Exclusive: G20 fin leaders see modest growth pick-up, coronavirus a risk – draft communique

© Reuters. Exclusive: G20 fin leaders see modest growth pick-up, coronavirus a risk – draft communique BRUSSELS (Reuters) – Financial leaders of the world’s 20 largest economies (G20)expect a modest pick-up in global economic growth this year and next, but the coronavirus epidemic is a downside risk, a draft communique prepared for the meeting on […]

Trump blasts proposed U.S. restrictions on sale of jet parts to China

© Reuters. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald Trump sign “phase one” of the U.S.-China trade agreement at the White House in Washington By Jeff Mason and Makini Brice WASHINGTON (Reuters) – President Donald Trump objected on Tuesday to U.S. proposals that would prevent companies from supplying jet engines and […]

Top 5 Things to Know in the Market on Tuesday, February 18th

© Reuters. By Geoffrey Smith Investing.com — Apple (NASDAQ:) warns of a hit to sales from the Covid-19 virus, sending shockwaves through global markets. China says it will allow waivers of tariffs on some U.S. imports as it struggles to support its economy. Walmart (NYSE:) reported Q4 sales below expectations, and markets are in risk-off […]

Commodities & Futures

Oil rises amid hope for short economic hit from coronavirus outbreak

© Reuters. FILE PHOTO: Pump jacks operate at sunset in Midland By Aaron Sheldrick TOKYO (Reuters) – Oil prices rose on Wednesday, with Brent gaining a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more […]

Oil Stalls After Rosneft Sanctions Offset Virus-Led Demand Fears

(Bloomberg) — Oil ended Tuesday’s session flat after American sanctions on Russia’s largest oil producer helped to erase losses driven by lingering concerns that coronavirus will cut demand. The U.S. sanctioned a unit of Russia’s Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and its state-run oil company. The restrictions come with a three-month […]