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Company news

22.05.2020 11:01:15

Dollar rises 0.3% on majors, lifted by U.S.-China conflict

The dollar gained on Friday as the U.S.-China conflict boosted market appetite for safe-haven currencies. The dollar index rose 0.3% to 99.7. U.S. President Donald Trump warned of a strong reaction if Beijing pursues its planned security legislation ...

21.05.2020 15:01:13

Asian stocks mixed as data casts gloomy outlook

Asian stocks were mixed earlier on Thursday as some indexes retreated from gains made in the previous session. Japan’s Nikkei slipped 0.10% at 11:30 PM ET (4:30 AM GMT). The country’s Minister of Finance reported a 21.9% plunge ...

21.05.2020 15:01:13

Gold loses earlier gains as COVID-19 fears sour risk sentiment

Gold prices fell on Thursday morning in Asia, retreating from gains made in the previous session. Gold futures fell by 0.49% to $1,743.45 at 12:46 AM ET (5:46 AM GMT). Investors remained cautious as effects of the COVID-19 pandemic on the ...

21.05.2020 15:01:13

Canada Goose will cut 125 workers amid virus outbreak

Clothing manufacturer Canada Goose Holdings Inc. (GOOS) announced on Wednesday that it would permanently terminate about 2.5% of its global workforce to address the impact of the virus outbreak leaving 125 people unemployed. The Toronto apparel ...

21.05.2020 15:01:13

UK government is ready to support workers after Rolls-Royce job cuts announcement

A spokesman for Prime Minister Boris Johnson stated on Wednesday that the UK government would be ready to support Rolls-Royce’s (RR.L) employees after the British multinational engineering company announced that it would slash at least ...

21.05.2020 09:01:33

Oil prices gain amid lower crude stocks and production cuts

Oil prices gained on Thursday to their highest since early March as lower U.S. crude inventories and production cuts eased worries about oversupply. Brent crude futures for July contract rose 1.7%, or 62 cents, at $36.37 per barrel. U.S. West ...

21.05.2020 09:01:33

Dollar bounces as U.S.-China tensions dampen mood

The dollar bounced on Thursday as the market mood turned positive, but U.S.-China tensions and weak economic indicators weighed in. The euro, as well as the Australian and New Zealand dollars, lost half of its overnight gains. The pound also ...

21.05.2020 08:01:41

Japan exports hit sharpest drop since 2009 as pandemic drags global demand

April records showed that Japan’s exports dropped the sharpest since the 2009 financial crisis. Exports declined as the coronavirus pandemic ravaged worldwide demand for cars, industrial materials, and other products, pushing the world’s ...

21.05.2020 08:01:41

SoKor’s May 1-20 exports drop, rate beats April figures

The first 20 days of May had seen a slump in South Korean exports. The country’s exports dropped a total of 20.3% from a year earlier as U.S.- and E.U.-bound shipments grew inactive, indicating that the coronavirus contagion dragged ...

20.05.2020 14:01:51

JPMorgan and Goldman agree for more QE programs to curb bond yields

Central banks may need to increase quantitative easing programs according to an analysis from JPMorgan Chase & Co. The investment firm’s report resonates with the conclusion by Goldman Sachs Group strategists of limiting bond yields. ...

20.05.2020 13:01:42

Asian stocks mixed as Moderna vaccine results dampens risk sentiment

Asian stocks were mixed earlier on Wednesday, giving up its gains made on the previous day. Market sentiment remained so after several vaccine experts reported that U.S. biotech firm Moderna had not provided sufficient information on the efficacy ...

20.05.2020 10:01:18

Oil falls on bleak economic outlook despite recovering demand

Oil prices fell on Wednesday as worries about the economic impact of the pandemic dwarfed demand recovery and output cuts. Brent crude futures for July contract dropped 0.3%, or 11 cents, at $34.54 per barrel. U.S. West Texas Intermediate ...

20.05.2020 10:01:18

Euro firms on EU recovery fund, yen nears 5-week low

The euro firmed on Wednesday following France and Germany’s proposal for a common fund in Europe’s hardest-hit regions in the crisis, while the yen neared to a five-week low despite risk appetite. The euro rose 0.15% to 1.0940 ...

20.05.2020 09:01:33

Lenovo sales surpass forecast, to soar higher on increasing WFH demand

Lenovo sales dropped sharply in the fourth quarter as disruptions brought by the coronavirus pandemic continue to ravage the economy. However, its latest profit reading managed to surpass expectations. The company’s net profit declined ...

20.05.2020 09:01:33

Australian retail sales record a historic drop in April

Australian retail sales reversed sharply in April after a record hike the month before. The record-breaking drop followed as lockdown restrictions aimed at containing the spread of the coronavirus dragged demand for apparel, travel, and dining. The ...

20.05.2020 09:01:33

Gold climbs after dampened hopes from COVID-19 vaccine report

Wednesday morning saw gold climb after hopes arose in news of a possible vaccine for the coronavirus being expedited on Tuesday. However, vacccine experts were quick to rain on Moderna's parade after the drug manufacturer announced of a potential ...

19.05.2020 13:01:33

Gold prices gain amid simmering U.S.-China trade tensions

Gold prices rose early Tuesday in Asia, taking back lost ground from the previous session. Gold futures gained 0.27% to $1,739.35 per ounce at 12:43 AM ET (5:43 AM GMT). Stocks, which often move in the opposite direction, also rallied on the ...

19.05.2020 13:01:33

Sony to partner with Microsoft for enhanced imaging chip

Sony Corp. has partnered with Microsoft Corporation with plans to embed artificial intelligence capabilities into its latest imaging chip. The enhanced chip will have its own built-in processor and memory which allows for video analysis with ...

19.05.2020 13:01:33

J.C. Penney plans to permanently close its 242 stores amid bankruptcy

J.C. Penney Co Inc. (JCP) stated on Wednesday that it plans to cut store count by approximately 29% to about 604, two days after filing for bankruptcy protection. The U.S. department store chain considers closing more than a fourth of its ...

19.05.2020 13:01:32

Australia’s Qantas Airways will resume domestic flights but without social distancing

Qantas Airways Ltd.’s Chief Executive Officer Alan Joyce stated on Tuesday that the company would resume its operations with 40-50% of its domestic flights in July if the government would ease travel restrictions. The Australian airline ...

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