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The U.S. House of Representatives approved an $8.3 billion bill in an effort to contain the outbreak of the coronavirus and commence the developing of vaccines. The bill, which was passed on Wednesday, will be sent for final approval to the ...
Asian markets gained on Wednesday following the International Monetary Fund (IMF) unveiling a $50 billion aid package with efforts to combat the spread of the highly contagious coronavirus. IMF Managing Director Kristalina Georgieva said in ...
Former Uber Technologies Inc. head’s self-driving technologies unit Anthony Levandowski filed for bankruptcy protection on Wenesday. This came following a court sanction of $179 million payment to Google after his separation from the ...
SINGAPORE- Oil prices increased up to 1% on Wednesday on optimism that major oil manufacturers are close to sealing an agreement implementing deeper oil reduction. The said cuts are aimed at equalizing the decline in demand brought by the ...
SYDNEY- Australia’s economic growth picked up pace and soared beyond what is expected last quarter. The recovery removed the threat of recession even as bushfires and novel coronavirus contagion brought disruptions to tourism and the ...
Jet fuel refinery margins have come under pressure due to the suspension of flights globally over the coronavirus outbreak. However, it may be even more beaten up in coming months as more passengers cancel their flights. The Asian jet fuel ...
The People’s Bank of China did not follow the Federal Reserve’s emergency policy short-term rate cut, leaving its borrowing costs unchanged on Wednesday. The Central Bank did not open market operations according to its official ...
A fast-spreading virus outbreak is likely to hit the U.S. economy longer worse than anticipated, according to the S&P Global Ratings on its cut on the global forecast on Tuesday. The Organisation for Economic Cooperation and Development ...
Early Fed rate cut sparks market anxiety, Dollar on the defensive The U.S. Dollar on Wednesday after an early Federal Reserve cut rates by 50 basis points, sparking anxiety within the markets about the impact of the virus. The Fed move came ...
South Korea announces $9.8 billion stimulus to combat coronavirus South Korea on Wednesday announced a stimulus package of 11.7 trillion Won ($9.8 billion) to soften the blow of the virus that had spread beyond China. The stimulus, after parliamentary ...
The central bank of Australia implements monetary easing as it cut interest rates to lessen the impacts of the economic growth slowdown of China due to the coronavirus outbreak. The Reserve Bank of Australia (RBA) trimmed the cash rate by ...
Apple Inc. will pay $500 million to resolve litigation that accused the company of deliberately slowing down older iPhones in each new model launch, as a way to encourage owners to buy the newer model or replacement to old iPhones. The preliminary ...
SEOUL- Oil prices soared for a second day on Tuesday as investors grew enthusiastic on expectations that central banks will implement financial stimulus to equalize the impact of coronavirus contagion. In line with this, markets grew upbeat ...
Officials of the British government and the European Union will commence their trade negotiations on Monday to bridge gaps between the E.U. and the U.K. brought about by the eventual Brexit. However, breakdown fears grow amid the incipient ...
GFL Environmental Inc raised nearly $1.4 billion in its IPO, pricing shares below target range in an attempt to withstand market volatility amid the virus outbreak. The Canada-based waste management company valued its IPO at $19 per share, ...
Japanese stocks decline as global central bank action accelerates global equities Japanese stocks declined with U.S. futures surrendering gains on Tuesday after a wave of interest on central banks taking action to bolster the economy resulted ...
India’s housing market seen to face difficulties in 2020 Market experts have predicted India’s housing market to face difficulties in the year as sluggish demand and a dull market sentiment may overwhelm government measures to ...
Wall Street shrugs off virus concerns as tech and financial markets surge Wall Street shrugged off virus concerns and started on a bullish Monday with tech and financial markets taking the lead. The S&P 500 index as well as the Dow Jones ...
Australian Dollar rises after reserve bank cuts official cash rate, major central banks pledge to support economy The Australian Dollar rose on Tuesday after the Reserve Bank of Australia (RBA) slashed its official cash rate (OCR) by 0.50% ...
The Dow Jones Industrial Average climbed more than 5% on Monday, while Nasdaq and S&P 500 both recovered 4% after the previous week’s deep sell-off over the virus spread. After the indexes gained a few minutes before the market closed, ...
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