After many injections from governments in another countries, Norwegian Air has secured an initial cash infusion of 26.6 million dollars (300 million Norwegian crowns) from a government rescue package for the airline industry, the budget carrier said on Tuesday. “The government guarantee scheme is crucial for the company as the current state of the capital
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The Federal Reserve has announced unlimited purchases of US Treasuries and agency mortgage-backed securities and set up additional lending tools to shore up struggling companies and financial markets. After the FED announcement, the Dow futures have shot up 1400 points so far. Gold price surged above $1500 after the Fed announced its unlimited QE package.
Royal Dutch Shell plans to lower spending by $5 billion and suspended its vast $25 billion share buyback plan in an effort to weather the recent collapse in oil prices, it said on Monday. Shell has so far purchased $15.5 billion of shares since the buyback program started in July 2018. Based on Shell’s speech
As we know some currencies are considered safe havens compared to others including Swiss Franc and Japanese Yen. But in this month the King dollar is the real safe currency. The US dollar has become a safe haven investment as investors look for resilient investments amid the global coronavirus outbreak. The dollar rose to its
The waiver would also apply retroactively from Jan. 23 to Feb. 29 for flights between the European Union and China or Hong Kong. Norway offered to back airlines with credit guarantees worth up to 6 billion Norwegian crowns ($537 million), but stricken budget carrier Norwegian Air Shuttle ASA may struggle to comply with the tough
Pound and European shares rebounded on Thursday after more emergency stimulus from the Bank of England. Sterling continues its upside move on Friday European session after the pair plunged to a 35-year low on Wednesday and it was biggest two-day drop since 1998. In London, the FTSE 100 share index of top firms closed 1.4%
One of the possible scenarios in the EU is, as the French Minister of Finance said, wanting to support the major industrial companies in which the state already has a stake. Nor did it rule out the gradual nationalization of those companies. A second possible, also vigorous, scenario is the US scenario, which wants to
As per the recent update in all over the world the virus has infected more than 204,000 people across the world and the death toll has exceeded 8,700. Recently Middle East countries are reporting a higher number of coronavirus cases. Several governments are already taking precautionary actions to control the spread. This includes limiting international