Ireland Cancels All St. Patrick’s Day Parades Amid Virus Fears

Ireland Cancels All St. Patrick’s Day Parades Amid Virus Fears

Via Zerohedge With European stocks crashing into a bear market on Monday, closing the session on the worst declines since the 2008 financial crisis, pandemic fears across the continent are surging. The plunge in Europe’s financial markets comes as investors reprice assets as a recession could be imminent for the continent.  More than ten thousand confirmed cases are now in Europe,...

Deutsche Bank party short lived as coronavirus threatens recovery

Deutsche Bank party short lived as coronavirus threatens recovery

Via Yahoo Finance By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) – Deutsche Bank’s <DBKGn.DE> cancellation of its 150th anniversary ceremony is not the only celebration that Germany’s biggest bank is having to shelve as a result of the coronavirus outbreak. The rapid spread of the flu-like disease has also sparked fears among some of its own bankers and investors...

EU considers measures to cushion businesses from coronavirus impact

EU considers measures to cushion businesses from coronavirus impact

Via Financial Times Brussels will consider using flexibility in its state aid rules to help EU governments cushion businesses from the coronavirus fallout as officials discuss a widening array of measures aimed at battling the economic damage from the disease. Ursula von der Leyen, the commission president, said on Monday that the commission was exploring ways of permitting state aid...

Shanghai offers over 50b yuan of loans to virus-hit industries, SMEs

Shanghai offers over 50b yuan of loans to virus-hit industries, SMEs

Via China Daily High-rise buildings are seen in Shanghai. [Photo/Sipa] SHANGHAI – Shanghai has provided 50.67 billion yuan ($7.29 billion) of loans to 4,085 virus-hit enterprises and individual businesses as of March 3, local authorities said at a Monday press conference. Shanghai has adopted flexible credit policies for industries and small and medium-sized enterprises (SMEs) in the difficulties of repaying...

Russian Stock Market Plunges, Oil Shares Hit Hard

Russian Stock Market Plunges, Oil Shares Hit Hard

Via The Moscow Times The Russian stock market plunged 10% on opening Tuesday morning, following the rout on global financial markets Monday. Russia’s oil companies were hit hardest, with giants Rosneft and Lukoil leading the loserboard with falls of more than 10%. The fall appeared softer than traders had been anticipating, however, as the MOEX Index of leading Russian shares...

SE: Oil price war |  Russia's ready to tango! – Max Keiser

SE: Oil price war | Russia's ready to tango! – Max Keiser

Keiser Report via Youtube ‘Turns out, Russia’s got the best hand in the geopolitical oil game’ – says Max Keiser. There are several causes for the slump in oil prices, and the dispute between Moscow and the Riyadh-led OPEC and a coronavirus outbreak is not an exhaustive list, the host of RT’s Keiser Report believes. Subscribe to RT! https://www.youtube.com/channel/UCpwvZwUam-URkxB7g4USKpg?sub_confirmation=1 RT...

Dow futures point to 900 point surge at the open

Via CNBC Stock futures rose early Tuesday morning after the S&P 500’s worst day since the financial crisis. As of 2:30 a.m. ET Tuesday, futures on the Dow Jones Industrial Average gained 794 points, indicating an opening jump 839 points on Tuesday. S&P 500 futures and Nasdaq-100 futures also pointed to a higher open for the two indexes on Tuesday. Stock futures...

Lidt højere forbrugerprisstigninger

Lidt højere forbrugerprisstigninger

Via Danmarks Statistik Forbruger- og nettoprisindeks februar 2020 Det samlede forbrugerprisindeks steg 0,8 pct. i februar i forhold til samme måned sidste år. Stigningen er højere end i januar, hvor den årlige stigning var 0,7 pct. Det er hovedgruppen fritid og kultur, der bidrager mest til årsstigningen i forbrugerprisindekset i februar. Inden for fritid og kultur er det bl.a. prisændringer...

On International Women’s Day, Topless French Protesters Blast “Patriarchal Pandemic”

Via Zerohedge While most coronavirus-related headlines bring disappointing news about new infections and deaths, every once and a while, we get a respite from the constant gloom and doom. On Monday, that brief reprieve came courtesy of Femen, the infamous international feminist group that has a very specific – and memorable – MO: Its members pose topless, often with their...

How many countries can Brits visit without a visa?

How many countries can Brits visit without a visa?

Via Yahoo Finance The power of the UK passport has fallen to its lowest position since world rankings began in 2006, and yet Britons can visit 184 countries across the world without a visa. The same as US, Norway, Greece, and Belgium – who along with the UK came in at number eight in the ranking. Holders of these passports...

Xi visits Wuhan as new coronavirus cases in China plummet

Xi visits Wuhan as new coronavirus cases in China plummet

Via Financial Times China’s President Xi Jinping visited the city at the centre of the country’s coronavirus outbreak for the first time on Tuesday as Beijing reported the lowest number of new cases since January. In a move widely seen as a signal that the Communist party believes it has finally brought the outbreak under control, state television showed Mr...

Job search continues as outbreak ebbs

Job search continues as outbreak ebbs

Via China Daily Candidates review information on vacancies during a recent job fair in Suqian, Jiangsu province. [Photo by Zheng Xujun/For China Daily] Most enterprises have been on track to resume operations, as novel coronavirus epidemic control efforts bear fruit in China. This, in turn, has led to new activity in the job market. Job vacancies increased 17.82 percent and...

China President Xi Jinping visits Wuhan, first time since coronavirus outbreak

Via CNBC Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, chairs a symposium at the School of Medicine at Tsinghua University in Beijing, capital of China, March 2, 2020. Yan Yan | Xinhua News Agency | Getty Images Chinese President Xi Jinping flew into Wuhan city...

Bill Gates Could Supply Your Next Coronavirus Test Kit

Bill Gates Could Supply Your Next Coronavirus Test Kit

Via Zerohedge The Bill and Melinda Gates Foundation will soon begin distributing at-home testing kits for Seattle-area residents who suspect they have contracted Covid-19, according to a new report in the Seattle Times. Test kits could become available as soon as this week, via a lab funded by the foundation, could start testing hundreds per day with scaling availabilities in the...

Oil and stock futures rise after historic rout

Oil and stock futures rise after historic rout

Via Financial Times Oil prices and US stock futures rebounded from a momentous sell-off a day earlier as investors bet that policymakers would come to the rescue with new stimulus measures to soften the economic blow from coronavirus. Despite fears of an oil price war, coronavirus pandemic risk and Monday’s historic rout preying on investors’ minds, traders said a “thin semblance of...