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Reuters

NY Fed's Logan: Fed moved quickly to address market dislocations in spring
World

NY Fed's Logan: Fed moved quickly to address market dislocations in spring

  • From the experience we had at the time and the data we've been able to assess, it's clear that a wide range of investor types were really selling.
  • The Fed's purchases of Treasury securities and its commitment to do more if necessary, helped to keep money flowing through key markets, Logan said.
Published 15 Oct, 2020 02:07am
United Airlines third-quarter revenue drops 78pc
Business

United Airlines third-quarter revenue drops 78pc

  • The airline's daily cash burn fell to $25 million on an average in the quarter ended September.
  • United said its quarterly adjusted loss was $2.37 billion, or $8.16 per share, compared with adjusted net income of $1 billion.
Published 15 Oct, 2020 02:05am
US names coordinator on Tibet amid tensions with China
World

US names coordinator on Tibet amid tensions with China

  • Destro "will lead US efforts to promote dialogue between the People's Republic of China and the Dalai Lama or his representatives.
  • China has consistently refused to deal with the US coordinator, seeing it as interference in its internal affairs.
Published 15 Oct, 2020 01:55am
Algeria buys an estimated 600,000 tonnes milling wheat
Markets

Algeria buys an estimated 600,000 tonnes milling wheat

  • It was purchased at about $263.50 a tonne C&F, traders said. One trader put the price at between $263.50 and $264 a tonne C&F.
  • The tender had been the first from the OAIC in which wheat from Russia and other Black Sea suppliers could be offered.
Published 15 Oct, 2020 12:56am
BoE's Haldane confident that UK recovery will persist
Business

BoE's Haldane confident that UK recovery will persist

  • Of course there are risks on the horizon that we all know about. But one of my key learnings from this year has really been just how flexible.
  • Households have been in the face of very considerable adversity. And that gives me confidence for the future.
Published 15 Oct, 2020 12:51am
Microsoft in deal with Equinor for Norway CO2 storage project
Business

Microsoft in deal with Equinor for Norway CO2 storage project

  • Our goal is not only to contribute our technology and know-how, but explore how new solutions like the Northern Lights project can help us meet our own carbon negative goals by 2030.
  • The Northern Lights project is a partnership with Shell and Total.
Published 15 Oct, 2020 12:42am
YouTube bans coronavirus vaccine misinformation
Business

YouTube bans coronavirus vaccine misinformation

  • YouTube said in an email that this would include removing claims that the vaccine will kill people or cause infertility.
  • Conspiracy theories and misinformation about the new coronavirus vaccines have proliferated on social media during the pandemic.
Published 15 Oct, 2020 12:37am
ECB policymakers set out wish list for strategic rethink
Business

ECB policymakers set out wish list for strategic rethink

  • The ECB has undershot its goal of keeping price growth "below but close to" 2% for nearly a decade.
  • This would be a variation on the Federal Reserve's new goal, which is a 2% inflation rate on average over an unspecified period.
Published 15 Oct, 2020 12:35am
US CDC reports 215,194 deaths from coronavirus
World

US CDC reports 215,194 deaths from coronavirus

  • The CDC reported its tally of cases of the respiratory illness known as COVID-19, caused by the new coronavirus.
  • The CDC figures do not necessarily reflect cases reported by individual states.
Published 15 Oct, 2020 12:28am