Day: April 21, 2020

Europe Weakens; Weighed by Losses in Oil Sector
Commodity
Oil

Europe Weakens; Weighed by Losses in Oil Sector

By Administrator_India Capital Sands European stock markets sold off Tuesday, weighed by losses in the energy sector as investors react to the price of oil turning negative overnight. At 4:25 AM ET (0825 GMT), the U.K.’s FTSE index traded 1.5% lower, France’s CAC 40 was down 2.1%, while the DAX fell 2.2%. The broader based Stoxx 600 Europe index dropped 1.4%.  The price […]

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2.9$ Billion in Airline

U.S. Treasury releases $2.9 billion in airline support, finalizes payroll agreements

By Administrator_India Capital Sands The U.S. Treasury Department said on Monday it had disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carriers and two major passenger airlines, while it finalized grant agreements with six major airlines. The Treasury is initially giving major airlines 50% of funds awarded and releasing the rest in […]

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