The Dollar edged higher on Wednesday morning in Europe, with investors remaining cautious ahead of event risks for the week. This includes a U.K. central bank meeting and the release of key U.S. unemployment data scheduled for Thursday. The ...
China’s exports and imports for April are expected to plummet after a tentative recovery in the previous month. TThe decline is forecasted at a record double-digit level as the COVID-19 pandemic continues to batter global demand and ...
General Electric’s (GE.N) aviation unit revealed plans on Monday to slash its workforce by 25% or roughly 13,000 jobs this 2020. It includes voluntary and forced layoffs due to delayed reduction plans for aircraft amid the virus outbreak. “The ...
The investors of flag carrier Norwegian Air (NWC.OL) backed its rescue plan with more than 95% of shareholders voted in favor of the conversion of nearly $1 billion debt-for-equity swap in Oslo on Monday. However, pilots and flight attendants ...
The U.S. Securities and Exchange Commission (SEC) pledged to ease crowdfunding requirements on Thursday. The policy will support smaller businesses in pursuit of meeting their “urgent funding needs” as the disruptions brought by ...
Oil prices gained on Tuesday after fuel demand turned positive as lockdowns began to ease in some parts of the world. West Texas Intermediate crude futures were up 6.5%, or $1.33, at $21.72 per barrel. Brent crude futures rose ...
Asian stocks gained on Tuesday, while oil prices rose amid recovering demand as governments worldwide eased lockdowns. Brent crude traded at $28.37 per barrel, while U.S. crude stood at $21.77 per barrel. Australia’s ASX 200 was ...
The dollar surrendered minimal gains to commodity prices on Tuesday as oil prices regained momentum. However, it hung on against the yuan as investors weighed optimism about COVID-19 recovery in China against concerns about U.S.-China dispute. The ...
Gold prices fell on Tuesday morning in Asia after some countries eased on quarantine measures and reopened their economies. Gold futures slid by 0.52% at $1,704.40 per ounce at 12:37 AM ET (5:37 AM GMT) after Italy and several U.S. states ...
New cars sales in the United Kingdom fell by nearly 97% in April to the lowest since February 1946. The slump comes as factories and dealerships close down amid the COVID-19 outbreak, preliminary data from an industry body showed. The lockdown ...
The UK government will be implementing a new loan scheme starting on Monday. The loans will allow small businesses such as salons, cafes, and florists to receive emergency funds in a bid to keep them afloat during the COVID-19 lockdown. Finance ...
The Australian government will invest A$300 million ($191 million) into hydrogen projects with the support of low-cost financing, according to the country’s energy minister on Monday. The investment comes in a bid to build the hydrogen ...
April results showed South Korea’s factories suffering under the pandemic. Global quarantine restrictions sent manufacturing operations declining the fastest since 2009 and exporters beaten by the historical drop in demand in 16 years. ...
The Mopani Copper Mines (MCM), a Glencore’s (GLNCY) Zambian subsidiary, announced on Sunday that it will continue its mining activities for 90 days. However, the company will still proceed with its initial plan to postpone operations. Glencore’s ...
The Egyptian government announced on Sunday that it will permit hotels to resume operations for local tourists as long as they operate close to 25% capacity until May 31. The hotels must also have a variety of medical strategies and an ...
Oil prices underperformed in the early trading session on Monday. Weak trading activity was mainly from investors’ dampened sentiment that the oil dispute between the United States and China will hinder economic recuperation as countries ...
The dollar surged on Monday against major currencies due to fears of a possible re-ignition of the U.S.-China trade war. President Donald Trump and Secretary of State Mike Pompeo have blamed China for the pandemic. Pompeo said that there was ...
European stock markets and oil prices dropped on Monday as trade war fears re-ignited after a spat between U.S.’ and China’s top officials. European shares were down 2.5%, while U.S. stock futures fell 1%. MSCI’s broadest ...
The first-quarter sales of Carlsberg (CARLb.CO) fell by 7% on Thursday. While the Dutch brewing company anticipates further decline in its second-quarter sales due to beer demand in grocery stores, it failed to consider the closure of pubs ...
One of America’s largest health insurers, Anthem Inc. (ANTM) stated on Wednesday that the pandemic could cause a major shift in business mix. Due to high rates of unemployment across industries, individuals are compelled to depart from ...