Hard times for Russia

Hard times for Russia

The price of oil, the Russian economy’s lifeblood, is at its lowest level in nearly two decades, and the rouble is now one of the world’s worst-performing currencies. Gross domestic product could fall by 15% if oil prices drop below $10 per barrel, Russia’s biggest bank says.
Coca-Cola (KO) Q1 earnings beat Wall Street estimates

Coca-Cola (KO) Q1 earnings beat Wall Street estimates

The Coca-Cola (NYSE: KO) announced its quarterly earnings data on Tuesday. Coca Cola generated an adjusted EPS of 51 cents for the first quarter. The EPS was above the market expectation of 44 cents. The company had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.32 billion.
China to build commodity trading centre in Caofeidian

China to build commodity trading centre in Caofeidian

China plans by their free trade zone (Caofeidian) to aim over $7 billion trade by 2022. According to the local government, the target is prioritising the development of international commodities trade and bringing in more foreign investments. Caofeidian in 2019 handled 370 million tonnes of cargo, up 2.8% from a year earlier, while imports and exports were valued at $2.05 billion.
Reasons why the Oil price remained in a bearish zone

Reasons why the Oil price remained in a bearish zone

Oil prices continued sliding today. Both oil benchmarks are heading for a second consecutive week of losses, with U.S. oil around 18-year lows. US crude oil price was down nearly 20 per cent for the week and again flirting with its biggest low since 2002. While Brent oil was down 11 per cent since Monday....
Record demand for Uber eats services

Record demand for Uber eats services

Uber Eats said orders for grocery delivery on its platform jumped 59% across Europe in March compared with February as countries locked down to fight the coronavirus, helping offset some of the impact of shuttered restaurants on demand. It also shows how shops are finding news ways to serve customers as the lockdown across the...