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Company news

29.07.2020 11:00:24

Oil climbs after U.S. stockpile drop prompts demand fears

Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...

29.07.2020 11:00:24

Dollar sits near two-year lows ahead of Fed policy meeting

The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...

29.07.2020 09:00:24

Indonesia launches $7 billion loan guarantee scheme for 'priority' companies

Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...

29.07.2020 09:00:24

Britain signs deal with Sanofi/GSK for 60 million doses of COVID-19 vaccine

Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...

28.07.2020 15:00:26

European shares trade higher despite weak earnings report

European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...

28.07.2020 15:00:26

Spain's unemployment rate reaches 15.33% for second quarter

Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...

28.07.2020 14:00:24

Intel’s Chief Engineer decides to leave the company on August 3

Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...

28.07.2020 14:00:24

Remington Arms declares bankruptcy for the second time

On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...

28.07.2020 11:00:24

Oil rises on weak dollar, U.S. coronavirus aid hopes

Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic.  Prices were also buoyed by a weakening dollar, making it ...

28.07.2020 11:00:24

Dollar slumps as markets focus on Fed, U.S. fiscal aid

The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...

28.07.2020 09:00:25

Samsung shares advance on Intel’s outsourcing scheme

Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...

28.07.2020 09:00:25

Australian employment rate drops on second wave of virus

Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...

27.07.2020 13:00:23

Virus impact on Japan’s business spending sharper than previously thought

Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...

27.07.2020 13:00:23

China’s industrial profit grows stronger, indicates firming economic rebound

China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...

27.07.2020 13:00:23

Australia’s watchdog sues Google over data privacy issues

On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...

27.07.2020 13:00:22

Germany to implement tough audit regulations after the Wirecard scandal

On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...

27.07.2020 13:00:22

European stocks slump after UK’s quarantine move on Spain

European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...

27.07.2020 13:00:22

Oil falls on rising coronavirus cases, U.S.-China conflict

Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...

27.07.2020 13:00:22

Dollar eases amid U.S.-China tensions, coronavirus impact

The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...

24.07.2020 11:00:24

Euro, gold hit record highs as Dollar weakens amid record U.S. unemployment claims

Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...

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