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Company news

27.04.2020 10:01:01

Bank of Japan extends monetary easing as virus concerns worsen

The Bank of Japan has been providing stimulus supports for two months already, with additional support filed on Monday to alleviate corporate funding from financial drag. It was also set to aid government spending aimed at nursing the economic ...

27.04.2020 10:01:01

Asian shares rise as BOJ eases further

Asian shares rose on Monday as the Bank of Japan revealed additional stimulus measures to support the economy from the impact of the pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.2%, recovering some of ...

27.04.2020 10:01:00

Oil declines as U.S. crude inventory nears all-time high

Oil prices dropped on Monday as oil storages around the world are filling rapidly. This raised concerns that output cuts may not compensate for the collapse in demand due to the pandemic.  U.S. oil futures fell after U.S. crude inventories ...

27.04.2020 09:01:24

U.S economy faces record-breaking decline, unemployment may surge to 16%

The inactivity currently faced by the U.S. economy due to the virus pandemic appears to be the sharpest contraction that will likely boost the national unemployment rate by up to 16% or higher. The steep forecast requires large volumes of ...

27.04.2020 08:01:17

Burberry continues to give worker’s pay amid virus outbreak

Burberry (BRBY.L), a British luxury fashion brand, said on Friday that it will keep on paying its employees who can’t work because of store closures amid the virus outbreak. The company also added that it won’t depend on government ...

24.04.2020 14:01:13

L Brands sues Sycamore for cancelling Victoria's Secret deal

L Brands Inc. (BRBY.L) sued Sycamore Partners on Thursday after cancelling the purchase of a $525 Million deal of controlling stake in lingerie retailer Victoria’s Secret.  It is the first major U.S. legal fight over an agreement ...

24.04.2020 14:01:13

U.S. natural gas prices rise to record levels amid COVID-19 woes

U.S. Natural gas has been set as the most expensive energy commodity for the first time in more than a decade as the COVID-19 pandemic continues to disrupt demand in other regions. U.S. Gas futures gained up to 10% to $1.815 per million BTU ...

24.04.2020 14:01:13

Asian shares dove after failed COVID-19 drug and threats of economic damage

Today, April 24th saw the falling of Asian shares and U.S. stock futures. This resulted from doubts on narcotics that could potentially cure COVID-19 and an apparent damage in the U.S. economy due to the outbreak. Among the shares in the Asian ...

24.04.2020 13:09:26

Global economy to suffer steepest contraction, U-shaped recovery seen: Reuters study

A Reuter’s study reported on Friday that the pandemic-driven global economic downturn will record its sharpest fall this year. Meanwhile, a U-shaped economic recovery is also seen to take place based on the analysis of economists across ...

24.04.2020 13:09:26

European shares fall as pandemic fears return

European shares slipped on Friday as market fears were reignited following a disappointing report over the unsuccessful development of a potential COVID-19 treatment.     The pan-European STOXX 600 index slipped by 1.1% at 0719 ...

24.04.2020 12:02:15

Oil prices recover due to production cut, tumultuous weeks ahead

Oil prices gained on Friday as Kuwaiti oil producers said they will slash output to compensate for low demand. Brent crude rose 2.8%, or 60 cents, at $21.93 per barrel. U.S. oil was up 4%, or 66 cents, at $17.16 per barrel.  As the West ...

24.04.2020 12:02:15

Dollar nears three-week high as oil prices drop

The dollar was headed for its best week as low oil prices weighed on commodity currencies.  The dollar index is nearing more than a two-week high after gaining 0.8% this week. It is up almost 3% on the oil-sensitive Norweigan Krone and ...

23.04.2020 12:01:35

Detroit automakers and UAW to discuss reopening of U.S. plants

The United Auto Works (UAW) said on Wednesday night that discussions with Detroit’s major automakers are still inching towards safely reopening U.S. production plants. Collectively known as Detroit’s Big Three, Ford Motors Co, ...

23.04.2020 12:01:34

SIFMA asks SEC to intervene for U.S. brokers in CAT database conflict

On Wednesday, a leading financial industry trade group told regulators, “U.S. brokers should not be forced to sign an agreement that could make them liable for breaches of a massive new industry trading database that they have no control ...

23.04.2020 12:01:34

Netflix seeks $1 billion loan to fund new shows

Streaming service giant Netflix Inc (NFLX.O) will raise a $1 billion debt on Thursday to fund original shows and potential acquisitions. The American media-services provider and production company revealed that they have more than doubled ...

23.04.2020 11:01:54

COVID-19 drags down Asia’s services and factory sectors

A poll released on Thursday showed that the virus outbreaks heavily damaged Asian economies in April. The weak economic activity was brought by the implemented social-distancing measures and business shutdowns which damaged the region’s ...

23.04.2020 11:01:53

Gold prices slip amid stocks rally

Gold prices fell on Thursday in Asian markets after stocks rose on the back of recovering oil prices and hopes for additional fiscal stimuli. Gold futures lost 0.30% to $1,733 per ounce by 11:02 PM ET (4:02 AM GMT). Gold prices fell to a near ...

23.04.2020 11:01:53

Asian shares rally on U.S. stimulus, oil recovery

Asian stock markets advanced on Thursday. The upbeat performance followed after crude prices recovered from underperformance and as the U.S. government pledged to provide more stimulus to nurse the virus-beaten economy. MSCI’s broadest ...

23.04.2020 10:01:15

Oil gains on second day as weak demand urges output cut

Oil gained on Thursday as producers slashed production to compensate for weak demand. Brent crude rose 1.6%, or 33 cents, at $20.70 per barrel. U.S. West Texas Intermediate futures climbed 2%, or 28 cents, at $14.06 per barrel. U.S. crude ...

23.04.2020 10:01:15

Dollar rises against commodity currencies as investors rush to safety

The dollar rose against the currencies of oil producers on Thursday as a bounce in oil prices partly calmed investors amid a collapse in global demand. The euro steadied against the dollar and the pound ahead of an EU meeting on economic response ...

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