Hard times for fracking
Chesapeake Energy has declared bankruptcy. It has thus become the largest oil and gas producer affected by this fate in the last few years. It is also one of the biggest victims of the unprecedented collapse in demand for raw materials as a result of the global fight against coronavirus.
Bloomberg calls Chesapeake Energy an archetype of an American company that has managed to make a fortune on a new way of extracting natural gas. As part of the restructuring, the company wants to reduce its debt by about seven billion dollars (167.1 billion crowns). Its debt is currently nearly nine billion dollars. The company has already entered into an agreement to support the restructuring.
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Bitcoin is fighting for nine thousand dollars
The most common cryptocurrency in recent days has struggled to stay above 9,000 dollars. So far, she’s doing well, although on Saturday the price of bitcoin briefly dropped to $ 8,800.
On Monday morning, a digital coin cost $ 9,110. Virtual currency has been declining repeatedly into this band recently, but has always rebounded higher, which in cryptospeculators feeds hopes of overcoming the level of ten thousand dollars per bitcoin, which is important from the point of view of technical analysis.
Interest in gold is growing
Gold is the best quarter since 2016, at a price of $ 1,800. This is how much the precious metal last cost at the end of 2011. The reason is the growing demand for safe storage of value at a time when there are growing concerns about the further spread of coronavirus infection.
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The Swedish central bank does not want to return rates below zero
It was the first central bank in the world to receive negative interest rates from the negative band. And she has no plans to return to him in the near future.
The Swedish Riksbank will announce its next steps on Wednesday, but bankers are already making it clear that they want to rely on quantitative easing rather than cutting rates.
The grounded Boeing 737 MAX starts flying in a test run
The US Federal Aviation Administration (FAA) has issued a permit for a series of flight tests of Boeing 737 MAX machines. The multi-day tests are scheduled to begin today. Boeing made a number of modifications to the aircraft of this type after it was not allowed to air into the air for more than fifteen months due to two fatal accidents.
“The FAA has been reviewing Boeing’s system security adjustments over the past few weeks,” the agency said in an email. “The FAA inspection body has completed their inspection, thus paving the way for the start of certification tests,” she added. The current series of tests heralds the final phase of government preparations for the Boeing 737 MAX certification, which will allow it to return to normal operations.
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