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Japan’s tech conglomerate SoftBank Group Corp said it sees a loss of nearly ¥700 billion ($6.6 billion) by the end of March on its WeWork investment outside the Vision Fund. Furthermore the group is also expecting a net loss of ¥900 ...
Russia’s manufacturing activity plunged to a record low in April as factories halted operations in a measure to counter the COVID-19 pandemic, a business survey revealed on Thursday. The Markit Purchasing Managers’ ...
Oil prices rose on Thursday as demand is starting to recover and the U.S. crude glut is not growing as fast as anticipated. West Texas Intermediate crude futures gained 14.3%, or $2.15, at $17.21 per barrel. Brent crude was up 10.3%, ...
The dollar bounced on Thursday as the U.S. Federal Reserve said it might reveal more monetary easing, cutting expectations of a quick economic recovery. The dollar fell as re-opening economies lowered the demand for holding funds in ...
Asian shares tallied a seven-week high record on Thursday, with earnings supported by positive results of a coronavirus vaccine trial. However, bonds and currencies traded cautiously ahead of a European central bank meeting set later on Thursday. Gilead’s ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
Gold prices rose in Asia earlier on Wednesday, continuing its gains from the previous session. Gold futures gained 0.22% to $1,726 per ounce at 12:16 OM ET (5:16 AM GMT). The yellow metal previously rose by 0.10% in the previous session. The ...
Stuttgart-based car and trucks maker Daimler said that it expects the operating profit from its Mercedes-Benz unit to exceed that of the previous year. The announcement came even after the company had abandoned its outlook earlier in April. The ...
Finance Minister Bruno Le Maire stated on Wednesday that the France administration will tighten controls on foreign direct investments to protect French companies over strategic industries and bio-tech groups. At present, non-European purchases ...
According to an Austrian representative, the Chancellor of Austria Sebastian Kurz and the Chief Executive Officer of Lufthansa Carsten Spohr will meet in Vienna on Wednesday to talk about the necessary state aid rescue package for German flagship ...
U.S. oil prices bounced on Wednesday, recovering some of its losses as U.S. reserves filled slower than anticipated. The lockdowns lifted in some European countries and U.S. cities also helped prices recover as the market hoped for a rise ...
Asian shares advanced for three consecutive sessions on Wednesday. The upbeat market mood was mainly from investors’ enthusiasm that lockdown restrictions will be lifted in some parts of the world while oil prices recovered on optimism ...
The dollar fell on Wednesday as re-opening economies lifted the market mood ahead of central bank meetings. The risk-sensitive Australian dollar gained 0.4%, at $0.6517, nearing its sixth consecutive week of gains. The New Zealand dollar climbed ...
Australian inflation surged to its most rapid pace in over five years, hitting a 5-1/2 year-high record, according to figures released on Wednesday. However, economic recovery seems fleeting as virus disruptions continue to press and energy ...
The German government finally decided to help its flagship carrier Lufthansa (LHAG.DE) with a state aid worth around 9 billion Euros ($9.74 billion) in return for a blocking minority and one or two commands from the Supervisory Committee, ...
European stocks maintained two-week highs on Tuesday as strong earnings reports from companies inspired optimism. The positive news outshone that of the rout in oil prices and the plummeting shares of Germany’s Wirecard. The pan-European ...
The German insurance giant Allianz SE (ALVG.DE) has signed an agreement to create a bancassurance partnership with financial services company Banco Bilbao Vizcaya Argentaria (BBVA.MC) on Monday. The bancassurance joint venture will provide ...
Nissan Motor Co. on Tuesday said it is expecting to post its annual operating loss in 11 years. The automaker has been met with challenges as dwindling demand for cars continued due to the COVID-19 pandemic. With the sharp decline in sales, ...
Oil prices plunged on Tuesday amid concerns of rapidly filling crude storages globally. On top of that, demand may only recover once restrictions on economic and social activity will be lifted. U.S. West Texas Intermediate crude futures slipped ...
The Australian dollar hit six-week highs on Tuesday as re-opening economies helped recover its losses in March. The Australian dollar has rallied over 17% after hitting a 17-year low last month. It broke resistance at $0.6445 and slid to $0.6438. The ...
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