The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9 per cent this year, significantly worse than the three per cent drop it […]
The Organization of the Petroleum Exporting Countries, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said. “This could be the largest reduction in production from […]
The chief executive officer of the Canada Pension Plan Investment Board says Monday’s oil price crash and stock market selloff will hurt Canadian energy companies that have weak balance sheets and high debt. But Mark Machin says those with strong books will survive — and companies with money should be following his organization’s example and […]
MSCI Inc. is updating certain key indexes, with changes taking effect when the market closes on Tuesday. Stemming from MSCI’s most recent quarterly index review, the changes include increasing both Saudi Arabian stocks and China A-shares within the emerging markets index. The updates will mark the second and final step in the inclusion of the MSCI Saudi Arabia index, […]
Geopolitics, energy and the laws of supply and demand.
How the debt overhang has changed geopolitical risk
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