The US Fed has abandoned restrictions on the volume of asset repurchases to maintain stability in the financial markets. This week, the Reserve Bank of New York will buy back $ 125 billion worth of securities. The regulator also announced the launch of several $ 300 billion programs to support lending, thus engaging all set of tools available to monetary authorities. The International Monetary...

According to the forecasts of Goldman Sachs investment bank, a total of 2.25 million Americans lost their jobs last week. The virus pandemic, which caused quarantine and the shutdown of many enterprises, has already resulted in massive reductions in small and medium-sized businesses in the areas of catering, tourism and entertainment. At the same time, large retailers, faced with rush demand from...

The main macroeconomic indicators of the Chinese economy sagged by 13–25% in January-February against the backdrop of the fight against coronavirus, as seen from the first official data from the National Bureau of Statistics of the PRC. This is much worse than expected by analysts: apparently, Chinese statistics became the main reason for the collapse in world markets. This did not prevent the US...

President of the European Central Bank (ECB) Christine Lagarde said that there is a need for "large-scale and coordinated" measures in response to the coronavirus, warning that its spread has already become a "strong shock" for the prospects for global economic growth. “We urge governments and all other political institutions to take timely and targeted action,” Lagarde said during a press...

The ongoing price war in the oil market, which caused the collapse of quotations, will adversely affect countries' desire to switch to clean energy, said Fatih Birol, Head of the International Energy Agency (IEA). Analysts warn that a price war in the oil market, along with a slowdown in global economic growth, could hit demand for electric cars and reduce the attractiveness of measures to...

EU authorities want to suspend the rules for receiving and maintaining slots at airports during the epidemic of the coronavirus COVID-19. Because of the rules, airlines are now forced to carry "ghost flights" with almost no passengers on board. This further worsens the situation in the face of a sharp decrease in passenger traffic due to the spread of coronavirus. The European Commission is...

US oil production will increase this year, despite the termination of the OPEC + deal and falling oil prices, follows from the monthly short-term forecast of the Energy Information Administration (EIA) of the US Department of Energy. Compared to last year, the supply volume will increase by 760 thousand barrels per day (bpd), up to 12.99 million bpd, and not by 960 thousand bpd, as previously...

Analysts at the American Goldman Sachs leave open a possibility of a drop in oil prices to $ 20, Bloomberg writes. Today, March 9, after the OPEC + countries failed to agree on an additional reduction in oil production following the results of negotiations in Vienna, the price of Brent oil fell by 20% to $ 35. “We believe that the OPEC and Russia oil price war unequivocally began this weekend...

The growth rate of global passenger air transportation in January was the weakest since spring 2010, when the industry was affected by the eruption of the Icelandic volcano Eyjafjallajökull. Now the industry is restrained by the spread of coronavirus from China, according to a press release from the International Air Transport Association (IATA). The growth rate was only 2.4% year on year after...