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In light of the World Health Organization's declaration of COVID-19 being a pandemic, the Dow confirmed a bear market with Wall Street stocks crashing down. The three major U.S. stock averages plunged on Wednesday as the S&P 500 and Nasdaq ...
Despite top U.S. automakers executives assuring an undisrupted factory production, fears of a slowdown in sales growth of the car industry in the United States is a recurring theme among forecasts of economic analysts. The big three automakers ...
U.S. stock index futures slid on Thursday, nearly hitting its daily down limit following gloomy market response to U.S. President Trump’s announcement regarding measures against the coronavirus pandemic. S&P 500 slid down to 4.7%, ...
The U.S. ban on citizens travelling into the country from Europe has piled on the pressure on airlines that have already been affected by the impact of the coronavirus. The 30-day restrictions are comparable to those implemented in China early ...
Global markets plummeted immediately after U.S. President Donald Trump said that the United States have suspended all travels from Europe, excluding Britain, in an attempt to limit the spread of the virus. S&P 500 futures dropped by 3% ...
AUSTRALIA - Rio Tinto Ltd agreed to disburse former CEO Sam Walsh’s pay as a part of his deferred bonus after finding a resolution to their dispute on Thursday. Rio Tinto’s board and Walsh settled to delay incentive payments in ...
Bombardier Inc. (BBD.B), Canada’s multinational manufacturer of business jets, announced that Chief Executive Officer Alain M. Bellemare has been ousted and will be replaced by the former Hydro-Quebec CEO Eric Martel. In 2015, Bellemare ...
Oil prices rose for the second consecutive day on Wednesday as markets clung to potential production cut by U.S. producers. However, increase in prices were smaller compared to the crash on Monday after Saudi Arabia started a price war with ...
Finance Minister Rishi Sunak said on Wednesday that the British government will allocate 2.5 billion pounds ($3.2 billion) on road repairs fixing approximately 50 million potholes in roads over the next five years. According to Sinak, the ...
Accenture Plc released its study on Wednesday revealing that major banks across the globe are in danger of losing billions of dollars of fee-based retail revenue coming from the intensified regulatory pressure and tougher competition as new ...
Gold prices saw gains on Wednesday following a decline in the last session as investors doubted U.S. President Trump’s proposed stimulus package to ease the virus’ impact. Spot gold gained 0.4%, at $1,656.37 per ounce while U.S. ...
Taiwanese financial authorities said on Wednesday that it had prepared a plan to reinforce the country’s stock market and was considering banning traders from short-selling of positions under specific circumstances. The plan was revealed ...
Asian markets and Wall Street futures fell on Wednesday after details of Washington’s stimulus package made to combat the impact of the virus raised skepticism among investors. Wall Street futures fell by 2.2% while in Asia, the MSCI’s ...
LONDON – Europe’s market revenue were anticipated to decline this week as the vast spread of the pandemic coronavirus outbreak sparked terror and fright to the worldwide economy. This was according to leading global Refinitiv's ...
Bank of Japan Governor Haruhiko Kuroda said he was analyzing the financial blowback from volatile market movements. Kuroda confirmed central bank’s preparedness to take appropriate action to increase assistance in obstructing the developing ...
Most of Asia Pacific stocks, save for the US stocks which gained after the outbreak of the novel coronavirus, fell on Tuesday. The benchmark for Australian’s equity performance S&P/ASX 200 was up 1.7%, regaining previous losses. ...
TOKYO- The dollar managed to climb on Tuesday after meeting sharp decline versus Swiss franc, yen, and euro. Such boost was enforced by optimism on US economic stimulus and recovery in Treasury yields. ...
Italy has shut down all its ports and airports, disrupting financial markets and showing how the coronavirus has affected social and economic aspects globally. Major European stock markets plunged over 7%, Japanese indexes slipped 5%, and ...
SINGAPORE- Oil prices recuperated from previous drop and advanced 6% on Tuesday. However, analysts believed that there is very little margin for recovery from sharpest decline in nearly 30 years as Saudi Arabia and Russia are currently caught ...
Asian shares recovered and bond yields climbed from all-time lows on Tuesday as potential organized stimulus from central banks and governments globally calmed markets. The 10-year US Treasury yields rose to 0.68% and oil prices hiked over ...
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