As a collapse in the oil price unleashed chaos in financial markets, Madrid mone...
By day’s end, the bonds of heavily indebted energy firms were trading many times beneath their face value, and fears of a credit crunch were growing.
Talk on trading floors and at funds from Sydney to Singapore, Hong Kong, London and New York, was of crisis. “When it happens, you can’t do much about it,” said Taylor, whose experience in the Mexican, Russian and Asian financial crises in the 1990s and the global financial crisis in 2008, taught him hard lessons about liquidity and helped him prepare.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures point to more losses Friday following market's worst day since 'Black Monday'The overnight action followed the official end of the record-long bull market run.
Read more »
Plunging Wall Street stocks end record bull runWall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets
Read more »
Eating in the time of coronavirusWhat exactly should we think when it comes to questions of eating and the novel coronavirus panic and pandemic?
Read more »
Cannes Moves Ahead, Somehow Unfazed by CoronavirusPerhaps as time goes on, Cannes will eventually go the way of other major public events
Read more »