Économie

Premier announces Re-Open Saskatchewan plan set to begin May 4

Premier announces Re-Open Saskatchewan plan set to begin May 4 In Saskatchewan, restrictions around high-risk activities like travel, large gatherings and seniors' care homes will remain in place for the foreseeable future, he said, with officials monitoring case numbers and adjusting the plan as required. [Full Article...]

IRS stimulus check timeline: When do paper ones get mailed?

IRS stimulus check timeline: When do paper ones get mailed? This applies to beneficiaries who typically are not required to file a tax return which includes folks under Social Security retirement, survivor or disability benefits, Railroad Retirement, Supplemental Security Income (SSI), and Veteran Affairs benefits. [Full Article...]

Mid Penn Bank closes $470M in small business loans

Mid Penn Bank closes $470M in small business loans It's part of a larger deal, a $ 484 billion coronavirus package to extend the Paycheck Protection Program. Earlier this week, an Associated Press investigation documented how dozens of publicly listed companies collectively received hundreds of millions of dollars of loans from the program's first round. [Full Article...]

Sweetgreen returns its $10M PPP loan

Sweetgreen returns its $10M PPP loan Even when small business owners applied quickly, many have not seen a penny . It also renews funding by providing $320 billion for the Paycheck Protection Program . Under a best case scenario, sources said the program could reopen Friday, although the weekend was potentially a more realistic possibility, with PPP out of money within a week. [Full Article...]

Food prices fall in Lagos as March inflation hits 12.26%

Food prices fall in Lagos as March inflation hits 12.26% South Africa's headline inflation rate dipped in March, after sustained increases since November 2019 saw the annual consumer price index reach a 15-month high in February. UOB Malaysia senior economist Julia Goh noted that despite an uptick in food price inflation, overall CPI was pulled down by the effects of plunging global oil prices on transportation cost and the effects of COVID-19 pandemic ... [Full Article...]

U.S. Senate passes $500 bln coronavirus aid package

U.S. Senate passes $500 bln coronavirus aid package The SBA's Economic Injury Disaster Loan program , which normally provides grants to businesses affected by natural disasters, recently was expanded by Congress to include those affected by the coronavirus pandemic. The drafting of the legislation was punctuated by delays and partisan wrangling in three way negotiation with Schumer and Pelosi on one side and Mnuchin and McConnell on the other. [Full Article...]

Immigration aux Etats-Unis: Donald Trump annonce une importante décision

Immigration aux Etats-Unis: Donald Trump annonce une importante décision Trump lors de son point de presse quotidien. Les effets de la pandémie du covid-19 sur le pays de l'Oncle Sam sont désastreux. "Cette pause sera en place pour une période de 60 jours", a-t-il ajouté, précisant qu'une éventuelle extension de la mesure serait examinée à l'issue de cette période en fonction des conditions économiques. [Full Article...]

Oil prices recover ground after market turmoil fuels price plunge

Oil prices recover ground after market turmoil fuels price plunge Less than a month ago, OPEC and Russian Federation ended their oil war by agreeing to cut production by 9.7 million barrels per day on May 1 but at this point any confidence inspired by the deal has likely evaporated. Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't survive the pandemic, a survey of thou... [Full Article...]

Insolite : un embouteillage monstre pour la réouverture du Macdonald's de Moissy

Insolite : un embouteillage monstre pour la réouverture du Macdonald's de Moissy Ou encore, dans une moindre mesure, devant un drive de Vitry-sur-Seine (Val-de-Marne). "C'était pas possible", raconte un jeune homme cité par le quotidien. McDonald's près de 1 500 restaurants en France. Mais l'enseigne prévoit de rouvrir dans les jours à venir une trentaine d'établissements en drive et en livraison à domicile. [Full Article...]

Trinidad monitoring oil prices on global market | Caribbean

Trinidad monitoring oil prices on global market | Caribbean Storage utilization has been sharply rising for the US overall in recent weeks due chiefly to the dearth of oil demand because of COVID-19. West Texas Intermediate crude oil futures for June delivery, the most active contract, dropped 20.51 percent to $16.24 per barrel. [Full Article...]

Covid 19 coronavirus: Investors eye historic negative oil prices

Covid 19 coronavirus: Investors eye historic negative oil prices Few traders are buying and selling US oil to be delivered in May. President Donald Trump tweeted he instructed the Energy and Treasury departments to "formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future". [Full Article...]

U.S. oil suffers its biggest one-day price plunge in two decades

U.S. oil suffers its biggest one-day price plunge in two decades It's the lowest price for oil on record as stockpiles overtake demand. The World Health Organization warned that any lifting of lockdowns to contain the spread of the novel coronavirus must be gradual, and if restrictions were to be relaxed too soon, there would be a resurgence of infections. [Full Article...]

Le baril de WTI à 15 dollars — Pétrole

Le baril de WTI à 15 dollars — Pétrole Mais comme les stocks ont déjà énormément gonflé aux Etats-Unis ces dernières semaines, ils sont contraints de brader leurs prix pour trouver preneurs, faisant chuter la valeur du baril de près de 90%. " Les Etats-Unis, en tant que marché enclavé, ont les plus importants problèmes de stockage", a renchéri Jasper Lawler, analyste pour London Capital Group. [Full Article...]

USA oil prices tumble into negative territory for first time

USA oil prices tumble into negative territory for first time Sellers of the May contract have just one day left to find buyers for the oil, but are struggling to find those buyers. The price reflects contracts for delivery in May, and Murphy says the key will be looking ahead to June which is still valued at Dollars $22 a barrel. [Full Article...]

North American stock markets plunge as oil tanks, loonie nose dives

North American stock markets plunge as oil tanks, loonie nose dives Tuesday's stock market movements continued the large daily swings in reaction to the latest news related to the novel coronavirus . "The rumours are that the cheques will be mailed out quite quickly so I think that really helps the US economy", he said. [Full Article...]

Neiman Marcus to File for Bankruptcy Amid Coronavirus Losses

Neiman Marcus to File for Bankruptcy Amid Coronavirus Losses It would be the first major department store company to reach that point since the pandemic hit the United States, and Neiman Marcus has struggled to head off bankruptcy for years. Payments due last week, totaling millions, were not made, and the window for avoiding default on one of those debts was just a few days. In the case of Neiman's, almost all of its employees - 14,000 strong - have been... [Full Article...]

Washington governor says Trump's calls for "liberating" states unsafe

Washington governor says Trump's calls for Few participants appeared to be wearing masks or other protective gear. "The United States has produced dramatically better health outcomes than any other country, with the possible exception of Germany", Trump noted. In a Saturday briefing , in the midst of a debate - including protests - over timelines for reopening the country , President Donald Trump echoed a similar sentiment. [Full Article...]

Gilead's shares rise on report of experimental drug's promise in COVID-19

Gilead's shares rise on report of experimental drug's promise in COVID-19 Other studies of the drug in the US and Europe, including the one at University of Chicago , are also ongoing, although the earliest ones, in China, had to be recently suspended because the researchers could not find enough patients with severe disease to enroll. [Full Article...]

Coronavirus crisis: RBI hints at further cut in interest rate

Coronavirus crisis: RBI hints at further cut in interest rate He also announced special refinance facilities for a total amount of Rs 50,000 crore to Nabard, Sidbi and National Housing Bank ( NHB ) to enable them to meet sectoral credit needs. As per the latest data by RBI, NBFCs' outstanding credit to commercial real estate stood at ₹1,29,359 crore as of end September 2019. RBI, that gauges consumer price index (CPI) based retail inflation to take decis... [Full Article...]

Boeing to restart airplane production in Seattle

Boeing to restart airplane production in Seattle The company says 27,000 of its employees will return to work under new measures put in place to keep people safe and fight the spread of the virus. Approximately 27,000 people in the Puget Sound area will return to production of the 747, 767, 777 and 787 programs, supporting critical global transportation infrastructure, cargo services and national defence and security missions. [Full Article...]


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