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Company news

27.05.2020 13:01:30

Chinese industrial firms' earnings drop in April but at slower pace

Chinese industrial firms’ profits fell at a slower pace in April after higher sales in electronics and automobiles were reported. However, the country’s economy continues to struggle amid weak demand and activity. Profits fell ...

27.05.2020 12:01:23

Oil falls on demand concerns, Hong Kong conflict

Oil prices dropped on Wednesday as investors worried about fuel demand’s slow recovery, while U.S.-China tensions weighed in on the negative market mood. Brent crude futures lost 0.6%, or 21 cents, at $35.96 per barrel. U.S. West Texas ...

27.05.2020 10:01:37

National Bank of Canada, Scotiabank surpass forecast despite profit decline

The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...

27.05.2020 10:01:37

Japan plans to render large stimulus to minimize virus damage

A budget draft showed that Japan will render a total of $1.1 trillion stimulus package. The fiscal stimulus will include large volumes of direct and emergency spending aimed at minimizing the economic disruptions brought by the novel coronavirus ...

26.05.2020 15:01:20

Germany’s Lufthansa still in talks with the government over $9.81 billion bailout offer

Germany’s Economy Minister Peter Altmaier announced on Monday that the government is still negotiating with the European Commission over its rescue deal for German airline Lufthansa (LHAG.DE). He added that Berlin expects Brussels to ...

26.05.2020 15:01:20

Toyota, Nissan, and Honda will resume operations in Mexico after the coronavirus lockdowns

Japanese car manufacturers Toyota (TM), Nissan (NSANY), and Honda (HMC) announced on Tuesday that they would gradually resume operations in Mexico as the country’s automobile industry reboots are in line with a more extensive economic ...

26.05.2020 15:01:20

BOJ prepared for additional measures as state of emergency lifts

Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday that the central bank is ready to roll out additional measures to soften the economic impact of the COVID-19 pandemic. The announcement still maintained a bleak outlook even after ...

26.05.2020 14:01:10

Gold slips as new vaccine bolsters investor sentiment

Gold prices fell earlier in Asia on Tuesday even after a drop in the Dollar made the yellow metal slightly cheaper for investors with positions in other currencies. Gold futures slid by 0.06% to $1,734.45 per ounce at 12:38 AM ET (5:38 AM ...

26.05.2020 13:01:32

Dollar slides as economic recovery hopes lift risk appetite

The dollar fell on Tuesday as signs of recovery from the pandemic lifted risk appetite, but the U.S.-China tensions weighed in. Commodity currencies Australian and New Zealand dollars both gained 0.5%, standing at $0.6571 and $0.6129, respectively. The ...

26.05.2020 13:01:32

Oil prices rise on producers’ commitment to supply cuts

Oil prices gained on Tuesday, lifted by major oil producers’ commitment to the production cuts and recovering fuel demand. Brent crude futures rose 1.4%, or 50 cents, at $36.03 per barrel. U.S. West Texas Intermediate crude futures were ...

26.05.2020 12:01:18

ВВП стран ОЭСР в I квартале упал максимально с 2009 года

Экономика стран, входящих в Организацию экономического сотрудничества и развития, в I квартале сократилась на 1,8% по сравнению с тремя последними месяцами 2019 года, показав наибольшее падение с января-марта 2009 года. За четвертый квартал ...

26.05.2020 10:01:07

Singapore slashes annual GDP forecast on virus-beaten economy

Singapore’s trade ministry announced on Tuesday that the city-state lowered its gross domestic product outlook for 2020. It had cut its GDP forecast for the third time already as the virus-beaten economy prepares for its steepest recession. Singapore’s ...

26.05.2020 10:01:06

India’s first-quarter GDP growth runs slowest since 2012

India’s economy seemed to have expanded at its slowest pace in at least eight years in the first quarter. Weak growth was partly from the government’s efforts aimed at containing the further spread of the novel coronavirus. Asia’s ...

22.05.2020 14:01:13

Gold prices gain as U.S.-Chinese tensions rise over Beijing’s new national security law

 

22.05.2020 13:01:17

Hong Kong pulls Asian shares down amid China’s new national security laws

Hong Kong shares fell on Friday as Beijing readies to impose a new security law after the pro-democracy protests in 2019. The decision could bring about more civil unrest, further building tensions between the U.S. and China. Hong Kong’s ...

22.05.2020 13:01:17

SoftBank Group to sell 5% telco unit stake to raise $2.9 billion

SoftBank Group Corp. (SFTBY) announced on Thursday morning that it plans to sell 5% of its stake in SoftBank Corp., a separately listed Japanese wireless mobile company. The move would raise 310.2 billion Yen ($2.9 billion) through securities ...

22.05.2020 13:01:17

Macy's anticipates a $1 billion loss in the first quarter amid the virus outbreak

The American department store chain Macy's Inc (M.N) warned on Thursday that it could lose more than $1.11 billion in the first fiscal quarter and sees sales fall at least 45% after the coronavirus outbreak paralyzed its retail operations ...

22.05.2020 11:01:15

China drops GDP outlook, COVID-19 drags economy

China axed its annual growth outlook for the first time on Friday. It pledged to render larger volumes of government spending as the coronavirus crisis drags the world’s second-largest economy, bringing a dull mood to this year’s ...

22.05.2020 11:01:15

German tax revenues drop on virus crisis

Tax revenues of Germany and of the 16 federal states sunk by 23.5% in April. It declined by a total of 39 billion euros ($43 billion) as the coronavirus pandemic ravages the country’s economy, the finance ministry’s monthly report ...

22.05.2020 11:01:15

Oil falls as U.S.-China conflict grows, Beijing shuns economic growth target

Oil prices dropped on Friday as U.S.-China tensions intensified and Beijing failed to set a targeted economic growth for 2020. These raised concerns on the possibility that the coronavirus crisis will dwarf fuel demand in China. Brent ...

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