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Heineken on Monday said that it will be investing 865 million Reais ($183.14 million) in order to expand its brewing plant located in Parana, Brazil. The Dutch brewer will finance its Ponta Grossa brewing plant this year and in 2021 in a move ...
Malaysia's Silicon Valley sees misfortune as virus outbreak disrupts China suppliers Tech firms in Malaysia’s one-time Silicon Valley of the East saw its fortune flip after the coronavirus outbreak disrupted supply lines from China. ...
SYDNEY- Global shares plummeted on Monday as wary investors sought bonds to equalize the economic impact of the novel coronavirus. Oil followed trend and shed more than 20% after Saudi Arabia cut its official selling price. Investors anxiously ...
NEW YORK- Bear market and recession became two of the most used words in the financial landscape as investors reviewed the overall impact of the novel coronavirus and future ramifications this may inflict to global growth. Investors ...
An Australian newspaper reported on Monday that the government is launching to implement monetary measures by injecting A$10 billion ($6.6 billion) in circulation to battle the economic impact of the coronavirus spread. “The details ...
Oil prices dropped nearly 25% on Monday, on its way to its steepest loss since 1991 as Saudi Arabia cut prices and planned for a big hike in crude output by April. Prices were down 31% after Saudi started a price war with Russia, which stopped ...
U.S. stock futures declined sharply by 5% to its daily limit after a record-breaking, single-day drop in Crude Oil WTI Futures in thirty years fanned market fears of a credit crunch worldwide. Saudi Arabia’s move to increase oil production ...
Gold prices skyrocketed on Monday past the record $1,700 per ounce since 2012 after piling market fears of a pandemic and a sharp decline in crude prices led traders retreating for safe-haven assets. U.S. Gold Futures surged by 1.6% to $1,699.70 ...
The Japanese Yen and the Euro climbed after U.S. treasury yields fell and export-sensitive currencies declined to multi-year lows on Monday, as caused by intensifying virus risks. The Yen climbed over 3% to a day high of $101.69. The Euro ...
The Asian Development Bank (ADB) said on Friday that the spread of the exceedingly infectious coronavirus outside of China might cut worldwide economic growth for the year. According to the Manila-based lender, the outbreak could cut global ...
The U.S. Senate passed an $8.3-billion bill and sent it to President Donald Trump in an effort in aiding state and local governments to fight the spreading of the coronavirus. The bill, which was initially approved on Wednesday by the House ...
SINGAPORE- Oil fell flat on Friday as crude demand concerns brought by the fast-paced coronavirus contagion were intensified by ambiguity over non-OPEC oil manufacturers still not reaching an agreement for oil cuts to aid prices. Brent crude ...
TOKYO- Asian shares and US stock futures sunk on Friday after another session of defeat was monitored in Wall Street. The frail activity was mainly from disturbance to businesses brought by the compounding virus contagion outside China. In ...
Weak private spending extended to its fourth month in Japan’s struggling economy after a sales tax hike and unusually warm winter kept people from spending. Adding the recent virus outbreak, firms latch on to measures to keep business ...
Japan is set to lessen monetary policy this month, following sudden measures implemented by the Federal Reserve, as the virus outbreak threatens an economic recession. In a survey, 33 out of 38 economists anticipated an expansion on monetary ...
Bhutan had banned tourists for a span of 2 weeks due to a confirmed case of coronavirus. This comes from a report of a tourist that had been diagnosed upon entry of India, the Kingdom’s neighboring country. The virus-confirmed patient ...
SINGAPORE- Oil prices soared more than 1% on Thursday after its underperformance the previous day on a lower-than-expected increase monitored in the United States. However, earnings were restricted by ambiguity whether major oil manufacturers ...
SYDNEY- Asian shares grew stronger hitting its fourth session of high on Thursday as U.S. markets actively performed and another set of central bank financial stimulus cleared the previously murky global economic forecast. Wall Street stabilized ...
The Federal Reserve released a report on Wednesday claiming that the U.S. economy expanded at a moderate rate in the first weeks of the year, with the study conducted during the incipient rollout of the setbacks in the markets brought by the ...
The Dollar recovered from its decline against the Euro with a lift from positive jobs data on Thursday. The Japanese yen, considered safe haven currency, lost a little of its recent gains back to the dollar, as market risk appetite improves ...
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