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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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
After finalizing a deal with the U.S. government for a stimulus package, United Airlines Holdings Inc (UAL.O) will raise $1 billion by selling new shares to increase capital in order to survive a collapse in travel demand amid the virus outbreak. This ...
In an internal memo seen by Reuters, American multinational investment bank, JPMorgan Chase & Co (JPM), informed its employees on Tuesday that it is creating a plan to gradually return to on-site work. Discussions about the reopening ...
The dollar and yen recorded an upbeat activity on Wednesday. Hefty gains were monitored as oil prices failed to relieve markets from anxiety and as the recent decline and slump in crude demand posed a weak economic outlook. The greenback ...
Australian retail sales soared to its highest level in March as the pandemic prompted people to purchase large volumes of food and other essentials. The increase might pull the economy from slipping to a sharp contraction in the first quarter. The ...
Asian share markets plunged to two-week lows on Wednesday as crude oil prices collapsed. The market decline underscored the deep economic harm caused by the coronavirus crisis. Investors rushed to the security of government debt as Brent oil ...
Oil prices collapsed on its second day, with Brent dropping to a record low since 1999 as the market suffered from oversupply and persisting weaker demand. Brent crude plunged 14%, or $2.70, at $16.63 per barrel, while West Texas Intermediate ...
South Korea President Moon Jae-in said on Wednesday said that the government has pledged to roll out a new supplementary budget as well as increase subsidies in a bid to save businesses in Korea. The fourth-largest economy in Asia had released ...
Singapore might see a deeper recession for 2020 after the city-state extended its partial lockdown, investment banking company Citigroup Inc warned on Tuesday. The nation’s GDP could shrink by 8.5% in contrast to its previous forecast ...
The Dollar rose on Monday as investors saw the greenback as a safe haven after oil prices plummeted to record levels the day before. Crude WTI Futures slid into negative territory for the first time to -$37.63 during an earlier trading session. The ...
Gold prices on Tuesday morning fell in Asian markets, surrendering gains from the previous session. The decline comes after WTI Futures plunged into negative pricing just before the contract’s Tuesday expiry. Gold futures had previously ...
Millions of people have lost their jobs between mid-March and early April as Australia faces economic contraction on Tuesday amid the virus outbreak. A lot of businesses cease their operations, which indicate an increase in the natural rate ...
According to CEO Randy Garutti and founder Danny Meyer, Shake Shack Inc (SHAK) will return all $10 Million it received from the U.S. government as a part of the Small Business Administration (SBA) loan on Tuesday. The burger chain is the first ...
U.S. oil prices recovered its losses on Tuesday, while Brent slid as the coronavirus crisis furthers demand slump. U.S. WTI crude for May delivery rose $1.36, at $38.99 per barrel. The June contract gained 4.6%, or 94 cents, at $21.37 per ...
U.S. President Donald Trump announced that his administration was considering halting crude oil shipments from Saudi Arabia to help the local drilling industry. At a daily news conference, Trump said that his administration will “look ...
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