News

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Sun, 29 Mar 2020 16:45:44 GMT

UK orders ventilators

Reuters revealed on Sunday that the United Kingdom has ordered ten thousand ventilators from a consortium of various companies.

Sun, 29 Mar 2020 15:56:05 GMT

Slovak government announces aid

On Sunday, the government of Slovakia announced that it would issue almost one billion Euros in an economic aid package.

Sun, 29 Mar 2020 15:00:26 GMT

EU grants Morocco $500M to fight COVID-19 pandemic

The European Union will provide $500M to Morocco to combat the COVID-19 pandemic, the Commissioner for Enlargement and European Neighbourhood Policy Oliver Varhelyi says.

Sun, 29 Mar 2020 14:00:12 GMT

China approves new IPO applications

The China Securities Regulatory Commission has approved IPO applications of Shanghai Golden Union Business Management, Beijing Wantai Biological Pharmacy, Anhui Coreach Technology and Tianjin Ruixin Technology.

Sun, 29 Mar 2020 12:53:02 GMT

China Telecom profit, revenue decline

One of the China's leading telecommunications operators, China Telecom, announced a decline in revenue and net income in 2019 despite an increase in the number of clients.

Sun, 29 Mar 2020 12:03:10 GMT

Brazil to support small businesses

The Brazilian government announced a $8B financial aid package for small and medium-sized businesses amid the ongoing COVID-19 pandemic.

Sun, 29 Mar 2020 11:00:57 GMT

Bank of Canada cuts key rate

The Bank of Canada cut its key interest rate to 0.25% from 0.75% amid the coronavirus outbreak, a statement published by the bank shows.

Sun, 29 Mar 2020 09:28:47 GMT

Obrador to stop brewery project

The President of Mexico Andres Obrador stated on Sunday that the government would respect the public opinion to stop realization of Constellation Brands Inc's brewery project worth $1B.

Sun, 29 Mar 2020 08:39:13 GMT

Qatar Airways runs out of cash

The Qatar Airways Chief Executive Officer Akbar al-Baker stated on Sunday that the company would continue scheduled flights, though cash was expected to run out in nearest future.

Sun, 29 Mar 2020 07:24:24 GMT

ICBC net income up 4.9% in 2019

China's biggest commercial lender, the Industrial and Commercial Bank of China, reported an increase of 4.9% in net income in 2019, compared to the previous year.

Sun, 29 Mar 2020 06:31:12 GMT

Guotai Junan net profit surges

Guotai Junan Securities, a leading Chinese broker, reported a 28.76% increase in net profit in 2019, compared to the prior year, data published by the Shanghai Stock Exchange show.

Sun, 29 Mar 2020 05:21:08 GMT

Taiwan consumer confidence deteriorates

Consumer confidence in Taiwan deteriorated in March, compared to February, data published by the Research Center for Taiwan Economic Development show.

Sun, 29 Mar 2020 02:41:22 GMT

UK to ease regulations for stricken businesses

Alok Sharma, Britain's Secretary of State for Business, Energy and Industrial Strategy, said on Saturday that the British government would assist stricken UK companies by easing regulations.

Sun, 29 Mar 2020 02:37:00 GMT

China prepares stimulus package

The Chinese government plans to roll out more stimulus measures in the coming weeks to help revive the country's economy hit by the coronavirus outbreak.

Sat, 28 Mar 2020 20:40:58 GMT

Italy approves new measures for economy

The Prime Minister of Italy Giuseppe Conte approved on Saturday a new set of measures aimed at support of the country's economy severely hit by the pandemia.

Sat, 28 Mar 2020 20:35:06 GMT

Rosneft quits Venezuela

The Russian oil giant Rosneft stated on Saturday that it has ended all operations in Venezuela and sold the respective assets to another Russian company.

Sat, 28 Mar 2020 19:04:59 GMT

World Bank loans $300M to support green agriculture in Henan

The World Bank approved a $300M loan to the Henan Green Agriculture Fund Project to develop green agriculture in the province.

Sat, 28 Mar 2020 18:00:38 GMT

China residential land transactions decline

China reported a 18.7% decrease in residential land transactions in January and February, compared to the same period in 2019, an industry report shows.

Sat, 28 Mar 2020 17:15:40 GMT

China releases 20,000T of pork from reserves

China released 20,000 tonnes of pork from its reserves to increase supply, a statement published by the Ministry of Commerce shows.

Sat, 28 Mar 2020 16:14:00 GMT

China Postal Savings Bank reports net profit growth

The Chinese state-owned bank, Postal Savings Bank, reported $8.6 net profit in 2019, an increase of 16.52% from the previous year, a statement published by the bank shows.

Sat, 28 Mar 2020 14:16:46 GMT

China's container shipping index rises

The China Containerized Freight Index increased 0.4% to 897.69 from a previous week, data published by the Shanghai Shipping Exchange show.

Sat, 28 Mar 2020 13:20:28 GMT

Moody's downgrades S. Africa

The international credit rating agency Moody's downgraded South Africa's credit rating from BAA3 to junk status BA-1 with a negative outlook.

Sat, 28 Mar 2020 11:33:12 GMT

Germany to keep shutdown until April 20

The German Chancellor Angela Merkel stated on Saturday that the shutdown would continue at least until April 20 and could be prolonged depending on the situation.

Sat, 28 Mar 2020 10:35:45 GMT

Abe promises huge help for economy

The Prime Minister of Japan Shinzo Abe promised on Saturday that the government would take an unprecedented measures to help the economy to sustain the consequences of the pandemia.

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