As the pandemic spreads, Russia finds a shortfall in oil revenue is hurting its ability to offer the kind of emergency support provided in the West
MOSCOW—Few Russian companies have taken the hit from lower oil prices and coronavirus lockdowns as badly as Rosgeologia, one of the biggest exploration firms here.
At the beginning of the year, it was eyeing around $400 million in new oil and gas contracts. But since then, those tenders have been canceled or put off until prices recover, and the company is selling millions of dollars in assets to maintain its cash flow. Quarantine measures to stem one of the world’s largest virus outbreaks outside the U.S. could also disrupt...
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sanitizing Newbie? Take a Lesson From a Hog FarmerShowers, disinfectant and clean side-dirty side rules: Agriculture’s biosecurity protocols double as anti-coronavirus practices.
Weiterlesen »
Pandemic sinks Japan business mood to decade low, outlook even bleaker: Reuters TankanThe slump in Japanese business confidence deepened in May, hitting decade lows as firms braced for a protracted period of coronavirus-driven economic weakness, the Reuters Tankan survey showed on Wednesday.
Weiterlesen »
Enginemaker Rolls-Royce to Cut 17% of Workforce - WSJ.comEnginemaker Rolls-Royce will cut 17% of its workforce, around 9,000 jobs, mostly affect its civil aerospace business
Weiterlesen »
Poor, dense neighborhoods in New York’s outer boroughs have highest rate of COVID-19 deaths, ZIP Code data showsCOVID-19 deaths in Canarsie-Flatlands in Brooklyn: 612 deaths per 100,000 residents COVID-19 deaths nationwide: 27 in 100,000 people
Weiterlesen »
The coronavirus pandemic could cost the global economy a nightmarish $82 trillion over 5 years, a Cambridge study warns | Markets InsiderThe global economy could take a hit of some $82 trillion in a worst case scenario from the coronavirus, according to the Judge Business School a...
Weiterlesen »
South Korea's central bank needs to cut policy rate to near zero: government think-tankA South Korean state-run think-tank said on Wednesday the central bank should cut benchmark interest rates to near zero to support an economy hit by the coronavirus pandemic.
Weiterlesen »