Google Alert - Business

	Business Daily update ⋅ May 8, 2020
	NEWS
	Reuters Turkey bans three banks from lira transactions as currency hits record low Reuters ISTANBUL (Reuters) - Turkey blocked BNP Paribas, Citibank and UBS from making lira transactions after the currency hit a record low against the dollar on Thursday, as investors fretted about a lack of reserves to protect the economy from the coronavirus ... Flag as irrelevant
	CNBC The oil price rebound may have gone too far, based on just tentative supply and demand improvements CNBC Oil prices have been volatile but mostly higher with a 60% gain in U.S. crude futures in just a week, based on anticipation about supply cuts and a pickup in gasoline demand. But one analyst warned the market is 'not out of the woods,' though he expects oil ... Flag as irrelevant
	Wall Street Journal The Glut Drowning the Oil Market Wall Street Journal The world is awash in oil. Lockdown measures are crippling demand, and supply isn't falling quickly enough to keep up. Oil-storage tanks around the world are rapidly filling with crude, leaving the new production coming out of the ground with nowhere to go. Flag as irrelevant
	Reuters Sterling's post-BoE rally fades; poor outlook weighs on pound-traders Reuters LONDON (Reuters) - The pound rose against the dollar and euro after a Bank of England policy announcement on Thursday, but the rally was short-lived and more the result of the pound's recent weakness than any surprises from the central bank. Flag as irrelevant
	WHBL News EMERGING MARKETS-Turkish lira drops to record low; boost from upbeat China data proves temporary Reuters ... * Lira surpasses 2018 crisis trough, hitting 7.249/dollar. * China data export data surprises to the upside. * China data not an upward trend -analyst. * One non-working month to cut 2% from Russia GDP -cenbank. By Susan Mathew. May 7 (Reuters) - A sixth ... Flag as irrelevant
	Washington Post Under fire from Trump, Postal Service braces for arrival of new postmaster general allied with White House Washington Post U.S. Postal Service officials are bracing for sweeping changes with the arrival of a new boss who is deeply aligned with President Trump at a time when the agency is grappling with a financial crisis and battling for its future. The selection of Louis DeJoy — a ... Flag as irrelevant
	CNBC April employment report is expected to show more than 20 million lost jobs and depth of pain as US economy shut down CNBC April's employment report will provide a bleak look at the swift collapse of the U.S. economy, which is expected to have lost a record 21.5 million jobs last month and driven the unemployment rate to 16%. The report, released at 8:30 a.m. ET Friday, should also ... Flag as irrelevant
	Reuters Oil jumps on China export bounce but long-term outlook remains weak Reuters LONDON (Reuters) - Oil prices jumped on Thursday on news that China's exports unexpectedly rose last month, and on the back of U.S. output cuts and the slow return of some activity in Europe. FILE PHOTO: A pump jack is seen at sunset near Midland, ... Flag as irrelevant
	The New York Times Google Sibling Abandons Ambitious City of the Future in Toronto The New York Times OTTAWA — Citing the economic turmoil from the coronavirus pandemic, a corporate sibling of Google said on Thursday that it had abandoned ambitious plans to create a sensor-laden, data driven "city of tomorrow" out of a shabby district along Toronto's ... Flag as irrelevant
	Los Angeles Times California regulators waive $200 million fine against PG&E for causing deadly wildfires MarketWatch BERKELEY, Calif. — California regulators on Thursday suspended a $200 million fine that Pacific Gas & Electric was supposed to pay as punishment for the utility's neglect of electrical equipment that ignited a series of deadly wildfires in Northern California. Flag as irrelevant
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