Oil falls more than 3% as European coronavirus curbs point to demand hit

© Reuters. Views of Total Grandpuits oil refinery By Ahmad Ghaddar LONDON (Reuters) – Oil prices fell more than 3% on Tuesday, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a recovery in demand, while a stronger dollar also weighed. futures dropped by $ 2.20, or 3.4%, […]

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Oil prices stumble as coronavirus resurgence forces more lockdowns

© Reuters. A flare burns off excess gas from a gas plant in the Permian Basin in Loving County By Jessica Jaganathan SINGAPORE (Reuters) – Oil prices fell on Monday as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California in the United States, […]

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Moderna set to file for US, EU clearance for its coronavirus vaccine

Moderna reaffirms that its vaccine is 94.1% effective in primary analysis Vaccine was 94.1% effective in analysis of Phase 3 study, after 196 virus cases Vaccine was 100% effective against severe virus cases in trial No new serious safety concerns identified since 16 November trial To apply for US emergency-use authorisation today To apply for […]

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Coronavirus – Switzerland ICU beds are now at 100% capacity

A media release from the Swiss federation of ICU doctors saying  there are no more beds available in ICU units say everyone should now think about their end-of-life advanced directives (do not resuscitate etc, especially high risk people). An ugly, ugly development indeed.  Let’s block ads! (Why?) Forexlive RSS Breaking news feed

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Fed officials differ over economy’s risks as coronavirus surges

© Reuters. “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming By Howard Schneider and Jonnelle Marte WASHINGTON (Reuters) – For St. Louis Fed President James Bullard, the current surge in U.S. coronavirus cases can be controlled and the economy recover if households are just nudged in the right direction, exhorted in a ‘this-time-we-mean-it’ push […]

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Oil falls 4% as U.S. vote count continues, coronavirus cases rise

© Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County By Jessica Resnick-Ault NEW YORK (Reuters) – Oil settled below $ 40 a barrel on Friday as rising global coronavirus cases stoked fears about lackluster demand and as drawn-out vote counting in the U.S. […]

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Coronavirus – UK PM Johnson to announce a new lockdown, through to until December 2

As COVID-19 cases in the UK accelerate higher Prime Minister Johnson will soon  announce another shutdown. The measures will take effect from Thursday after a vote in the Commons on Wednesday. The main points, these via various UK media outlets with the info: pubs and restaurants to close – takeaway and delivery only non-essential retail […]

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UK will extend its wage covering scheme during the new coronavirus lockdown

UK Prime Minister Johnson has announced the new COVID-19 related lock down. In brief details of the new measures are here: The wage furlough scheme is to continue for workers temporarily laid off it was set to expire on Saturday workers will receive 80% of their pay UK Treasury has also announced some measures aimed […]

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Oil advances, but outlook gloomy as coronavirus cases, supply grow

© Reuters. FILE PHOTO: A pump jack operates in front of a drilling rig at sunset in an oil field in Midland By Aaron Sheldrick TOKYO (Reuters) – Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains muted as surging COVID-19 cases around the world hurt the outlook for crude demand […]

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US coronavirus new cases hit record at 77,640

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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