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Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit

By Shanti S Nair (Reuters) – U.S. pipeline operator Kinder Morgan Inc <KMI.N> on Wednesday reported a smaller-than-expected quarterly profit and cut its adjusted core earnings forecast for the year, following a coronavirus-induced decline in fuel demand and a crash in crude prices. The company now expects an 8% fall in annual adjusted earnings before […]

Bank of Canada opens door to possible rate cut if recent slowdown lingers

By Kelsey Johnson and Fergal Smith OTTAWA (Reuters) – The Bank of Canada left interest rates on hold as expected on Wednesday but said a future cut was possible should a recent slowdown in domestic growth persist, raising market bets the central bank could ease as soon as this spring. The door “is open” to […]

Worst UK slump in ‘centuries’ looms as lockdown slams business

By Andy Bruce LONDON (Reuters) – Britain may be in the grip of its worst economic slump in centuries, a Bank of England official warned, as the coronavirus lockdown pounded businesses this month with more force than even the most pessimistic forecasters had feared. Interest-rate setter Jan Vlieghe said on Thursday the economy should recover […]