The severity of the credit impact of lower oil prices on oil- and gas-producing sovereigns will vary from country to country, driving divergence in their creditworthiness, Moody’s Investors Service said in a
By Lukman Otunuga, Senior Research Analyst at FXTM As monetary policy bazookas prove ineffective against the coronavirus-induced market chaos, central banks are taking unprecedented steps in defending their respective economies against the
By Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM The emergency airdrop of fiscal and monetary support in the battle against the coronavirus impact on the global economy
The Cyprus Shipping Chamber, representing the corporate side of the maritime sector, said it has implemented a work-from-home policy for its staff since last week, to prevent a wider spread of COVID-19.
Cyprus Olympic Committee suggests the postponement of the Tokyo 2020 Olympic Games, scheduled to start on July 24 because the coronavirus pandemic is affecting the preparation of athletes. Committee President Dinos Michaelides
Financial markets will use China’s recovery as a sentiment tracker, according to Nigel Green, founder and CEO of the financial advisor deVere, after European and Asian-Pacific markets, as well as U.S. futures
By Hussein Sayed, Chief Market Strategist at FXTM Nowadays, there’s no other topic of discussion than the coronavirus. The vast population around the world is at home, trying to protect themselves and
Aviation giant Airbus SE announced measures to bolster its liquidity and balance sheet in response to the COVID-19 pandemic as it continues to assess the ongoing situation and the impact on its
By John Lonski, Chief Economist, Moody’s Capital Markets Research From the perspective of the U.S. equity market, COVID-19 is the worst natural disaster ever. After setting a record high on February 19,
A 70-year-old British man with underlying health issues is the first person in Cyprus to die from novel coronavirus, authorities said The 70-year-old had contracted the virus from another British patient while
