Royal Dutch Shell Plc (RDS/A) paused some offshore drilling in the U.S.-regulated northern Gulf of Mexico and is limiting movement of non-essential personnel to offshore platforms because of Tropical Storm Zeta, the company said on Monday. Earlier on Monday, the company said it was preparing to evacuate non-essential personnel form offshore platforms.
* Market recovery may take longer than hoped - OPEC official. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. By Rodrigo Campos. Shares fell across the globe on Monday as surging coronavirus cases in Europe and the United States clouded the world economic outlook, giving the dollar a safe-haven boost.
Chile's peso fell on Monday as
uncertainty grew following a landmark vote to replace the
country's constitution with a new charter drafted by its
citizens, while other major Latin American ...
Swiss banks have so far weathered the impact of the COVID-19 pandemic well, Swiss National Bank Chairman Thomas Jordan said on Monday, cautioning that a strong franc could pose a problem for the Swiss financial industry. "The global spread of coronavirus has led to a sharp deterioration in the economic environment and financial market conditions.
Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.
* New home sales fall 3.5% in September. * Sales fall in three regions, rise in the West. * Median new house price increases 3.5% year-on-year. By Lucia Mutikani. Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.
Businesses and charities across England offered free meals for children on Monday, in a public relations fiasco for the Conservative government which voted last week not to provide food vouchers for poor families during a school holiday. Some 1.3 million children are eligible for free lunches at schools in England.
Oil producers on Monday were evacuating offshore production platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened overnight and looked likely to threaten the United States as a hurricane. BP, BHP Group Ltd (BHP), Chevron Corp (CVX), Equinor (EQNR) and Royal Dutch Shell (RDS/A) began withdrawing staff from their U.S. Gulf of Mexico offshore facilities ahead of Tropical Storm Zeta.
White House economic adviser Larry Kudlow said talks between the Trump administration and House Democrats over another wave of COVID-19 aid were set to continue on Monday as both sides struggled to find a compromise one week before the Nov. 3 election.
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