The U.S. House passed a $7.8 billion emergency spending bill to fund the response to the virus, Canada cut interest rates, and expectations are the ECB will reduce borrowing costs next week. Covid-19 deaths surpassed 3,000 in China, though a virus-testing blitz appears to be helping in South Korea. California called a state of emergency, underscoring the global spread of the disease, while Irish leaders are under mounting pressure to accelerate coalition talks.
Oil gained in Asian trade as the emergency U.S. spending bill improved sentiment. Earlier, prices fell as Russia and Saudi Arabia split over whether deeper supply cuts are required to offset the demand hit. While the kingdom was pushing for a reduction as big as 1.5 million barrels a day, Russia favored maintaining output at current levels through the end of the second quarter. The divide looked set to continue today, when OPEC holds its full ministerial meeting.
Airbus is considering a production cut for its A330neo after AirAsia X, the jet's biggest customer, deferred deliveries because of the virus, people familiar said. United will cut international flights by up to 20% in April, trim its domestic schedule by 10%, freeze hiring and offer some workers unpaid leave. Trump hasn't discussed financial support for the airline industry even as demand is expected to drop for the first time in 11 years.
The U.S. defeated a Chinese bid to run the UN's intellectual property agency, a victory in the Trump administration's push to convince countries of the threat posed by China. The U.S.-backed candidate, Daren Tang of Singapore, won by a vote of 55-28 over China's Wang Binying among governments voting for the leadership of the organization, which helps develop cross-border policies on intellectual property.
Joe Biden's resurgence knocked Mike Bloomberg out of the presidential race. The former VP's stunning Super Tuesday showing essentially narrowed the Democratic field to a two-person contest with Bernie Sanders, forcing Elizabeth Warren to reassess her bid. Bloomberg endorsed Biden, who now leads in the delegate count in a striking turnaround from a week ago. Sanders calls the contest a conflict of ideas.
Oil gained in Asian trade as the emergency U.S. spending bill improved sentiment. Earlier, prices fell as Russia and Saudi Arabia split over whether deeper supply cuts are required to offset the demand hit. While the kingdom was pushing for a reduction as big as 1.5 million barrels a day, Russia favored maintaining output at current levels through the end of the second quarter. The divide looked set to continue today, when OPEC holds its full ministerial meeting.
Airbus is considering a production cut for its A330neo after AirAsia X, the jet's biggest customer, deferred deliveries because of the virus, people familiar said. United will cut international flights by up to 20% in April, trim its domestic schedule by 10%, freeze hiring and offer some workers unpaid leave. Trump hasn't discussed financial support for the airline industry even as demand is expected to drop for the first time in 11 years.
The U.S. defeated a Chinese bid to run the UN's intellectual property agency, a victory in the Trump administration's push to convince countries of the threat posed by China. The U.S.-backed candidate, Daren Tang of Singapore, won by a vote of 55-28 over China's Wang Binying among governments voting for the leadership of the organization, which helps develop cross-border policies on intellectual property.
Joe Biden's resurgence knocked Mike Bloomberg out of the presidential race. The former VP's stunning Super Tuesday showing essentially narrowed the Democratic field to a two-person contest with Bernie Sanders, forcing Elizabeth Warren to reassess her bid. Bloomberg endorsed Biden, who now leads in the delegate count in a striking turnaround from a week ago. Sanders calls the contest a conflict of ideas.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.