Exclusive: VW CEO pushes for contract extension in vote of confidence move – sources

2/2 © Reuters. FILE PHOTO: Volkswagen CEO, Herbert Diess, addresses the media after a supervisory board meeting at the Volkswagen plant in Wolfsburg 2/2 By Jan Schwartz and Edward Taylor FRANKFURT (Reuters) – Volkswagen (DE:) Chief Executive Herbert Diess has asked the families who control a majority voting stake in the world’s largest carmaker to […]

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EURUSD: Odds are Skewed to Extension of the Upside Move

Eurozone recorded the worst drop of GDP in history in 2Q. But markets are driven by expectations about future growth and outlook for economic momentum of the EU is definitely better than of virus-stricken US. Eurozone GDP contracted by 12.1% QoQ in 2Q. The EU has never felt so badly economically. And although activity has […]

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Fed Announces 3mth Extension to Lending Programs Ahead of FOMC

Funding Operations Extended Ahead of the July FOMC meeting later today, the Federal Reserve announced yesterday that it will extend the duration of a number of its lending facilities through to the end of the year in a bid to continue supporting the economy.  The extensions will apply to several of the bank’s lending operations […]

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G20 finance officials stop short of recommending debt freeze extension

By Andrea Shalal and Davide Barbuscia WASHINGTON/DUBAI (Reuters) – Finance officials from the Group of 20 countries on Saturday called for all official bilateral creditors to implement fully a short-term debt freeze for the world’s poorest countries, but stopped short of extending the initiative into next year. Sources briefed on the G20 meeting said there […]

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Trump approves five-week extension for small business pandemic loan applications

2/2 © Reuters. U.S. President Donald Trump holds press briefing on the U.S. economy and unemployment numbers at White House in Washington 2/2 By Katanga Johnson WASHINGTON (Reuters) – U.S. President Donald Trump on Saturday signed into law a deadline extension to August 8 for small businesses to apply for relief loans under a federal […]

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U.S. says taxpayers must file returns by July 15 or request extension

© Reuters. WASHINGTON (Reuters) – U.S. taxpayers must file their 2019 tax returns by July 15 or file for an automatic extension to Oct. 15, the Treasury Department said on Monday. Treasury opted against a second postponement of the deadline officials had said they were considering because of the coronavirus pandemic. Federal income taxes are […]

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OPEC and allies to agree one-month extension to output cuts

© Reuters. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture BAGHDAD (Reuters) – OPEC and its allies led by Russia are “most likely” to agree on a one-month extension to an oil production cuts deal on Saturday, an OPEC delegate said. The delegate, […]

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BoE Meeting: Why the Central Bank may Announce Extension of the QE?

GBPUSD continued to see narrowing buyers’ surplus on Tuesday after failed retest of the April peak at 1.26500. Selling pressure has noticeably increased due to overall better shape of USD and expectations that the Bank of England will pledge to increase purchases on the government bond market to help investors digest coming glut. Monetary policy […]

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