A key player in the offshore drilling industry, Valaris was the last in the row of the number of these companies filing for bankruptcy in the U.S. The company proposed swapping some of its 6.5 billion USD debt to transfer ownership to its creditors. However, this is the most recent problem of offshore drillers. Unsettled Read More…
While some people think the 2020 sudden fall in the relative value of the dollar will boost the economy of the US, some analysts worry that it may affect the global standing of the dollar. Although the two views reflect essential realities, none of them captures exactly the complete story. A USD fall of roughly Read More…
Asian stocks are currently doing better than the U.S. and European stocks. The major cause of the upbeat stock prices in Asia is China’s ability to recover faster from the COVID-19 induced economic recession. This created the notion that some regions in Asia have succeeded significantly to control the Coronavirus pandemic. This saw the MSCI Read More…
In a new turn of events, the European Commission may just become the new major player in the European financial markets. Over the years, the eurozone hasn’t been an ideal spot for investors. In fact, the currency’s super-safe pool and triple-A international securities shrank by at least 40% from 2007 to 2018. Even the rating Read More…
The Coronavirus havoc has weakened the poorer and strengthened the rich 1. Amazon The Seattle-based e-commerce giant has grossed no less than $401.1bn during the lockdown period. Although their worldwide logistics comes at a price during the crisis, at around $4bn, the profit margins are large. The Jeff Bezos’ multinational soon became the only emergency Read More…
The number of new cases of infection of COVID-19 in the US has risen in recent times as many states ease their lockdown measures. This has prompted fears that a possible second wave of COVID-19 looms in the US. Certainly, the economy reopening resulted in the spread of the deadly Virus to many of the Read More…
