Overview: European financial centers remain closed for the extended holiday, helping to make for a quiet start to the week. The big economic news over the weekend was the confirmation of the OPEC+ deal. The price of crude opened higher in Asia, but ahead of the US open, May WTI is little changed from the last …
The spring meetings of the World Bank and IMF will be held virtually this week amid a profound economic crisis spurred by a novel coronavirus. Unlike previous such viruses, this went global in such a destructive way that many countries have responded the same way. Encouraging social distancing, closing non-essential businesses, and enforcing lockdowns. The …
As the markets were re-opening in Asia earlier today, I joined Martin Soong and Sri Jegarajah on CNBC Asia. I had returned from a business trip and visited our summer house on the Jersey shore for what I thought was going to be a weekend more than a month ago. Oil prices had initially reacted …