Ivan Mastagarkov (2)

  • Pandemic makes credit dirt cheap

    Pandemic makes credit dirt cheap

    Do you remember anything about credit ratings? We mean the funny looking numbers and letters that used to make credit cheaper or expensive. Well, we should all forget about that era of financial discipline. With the coronavirus death toll surging to record highs, countries around the globe spurred spending, boosting debt numbers to record levels. No one really cares about ratings anymore.

  • Worst in global oil demand yet to come

    Worst in global oil demand yet to come

    Global oil demand is seen sliding as the rebound amid the Covid-19 lockdown appears weaker than expected, international producers and traders said. The new European policy focused on low carbon economy put additional pressure on the market. Demand for oil may have peaked last year, according to BP, which says the global market for crude might never recover from the Covid-19 pandemic.