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Company news

22.07.2020 09:00:38

Dollar falls as U.S. fiscal stimulus bout in focus

The dollar fell against its peers in early Asian trade as the debate between the Democrats and Republicans over the U.S. economic stimulus measures weighed on the market.  The euro rose to its strongest level in over a year after EU leaders ...

22.07.2020 09:00:37

Aussie retail sales advance in June, extend upbeat record

Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...

22.07.2020 09:00:37

British economy to grow on lockdown easing, outlook remains dim

After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...

21.07.2020 13:00:23

Adevinta acquires eBay's classified ads business unit in a $9.2 billion deal

On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...

21.07.2020 13:00:23

UBS investment bank pays $10 Million to settle SEC charges on municipal bond offerings

The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...

21.07.2020 13:00:23

Dollar under pressure; Euro, Sterling strengthen on summit agreement

The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...

21.07.2020 12:00:42

Gold rises on hopes of U.S., E.U. stimulus measures

Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...

21.07.2020 10:00:25

SoKor’s second-quarter GDP to hit sharpest level in over 20 years

The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...

21.07.2020 10:00:24

Asian shares advance higher on stimulus, vaccine optimism

Asian share markets were seen upbeat on Tuesday. This was mainly from investors’ high-risk appetite backed by hopes for a coronavirus vaccine and the possibility of a deal by European Union leaders to save their ailing economies. MSCI’s ...

21.07.2020 10:00:24

Oil steadies amid vaccine news and rising cases

Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...

21.07.2020 10:00:24

Euro hits new four-month highs after EU strikes stimulus deal

The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...

20.07.2020 12:00:36

Renault’s sales down by 34.9% in the first half of the year

Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...

20.07.2020 12:00:36

Malaysia and Goldman Sachs to restart talks about 1MDB settlement deal

On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...

20.07.2020 12:00:35

Euro steadies at four-month peak as market awaits EU summit

The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...

20.07.2020 11:00:28

BOT says it may take several years before tourist numbers return to normal

The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...

20.07.2020 11:00:27

Glenmark shares fall as India's drug regulator sends notice on overpricing and false claims

Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...

20.07.2020 11:00:27

Oil drops as coronavirus resurgence threatens recovery

Oil prices fell on Monday on fears that a continued rise in coronavirus cases could stall fuel demand recovery.  Brent crude fell 0.2%, or 10 cents, at $43.04 per barrel. U.S. oil also lost 0.2%, or 6 cents, at $40.53 per barrel. The ...

20.07.2020 10:00:21

Asian shares drop ahead of EU meeting, U.S. stimulus talks

Asian shares declined on Monday as oil and copper ran weakly. This followed after an upsurge in global coronavirus cases overshadowed markets, while investors waited for the European zone and the United States to implement fiscal stimulus ...

20.07.2020 09:00:21

Japan's export inactivity brings threat of longer economic slump at home and overseas

June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...

17.07.2020 13:00:26

Bank of Japan survey sees record demand for corporate loans amid worsening COVID-19 situation

Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...

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