News

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Tue, 30 Jun 2020 09:44:05 GMT

Oil prices decline on Tuesday

During Tuesday's European trading session, crude oil price benchmarks declined, as a speculated return of Libyan oil production was revealed.

Tue, 30 Jun 2020 08:41:04 GMT

Commerzbank explores 7K more layoffs

Commerzbank's supervisory board is considering 7K more job cuts, in addition to 4K redundancies up to 2023 unveiled last autumn, the BoeZ said on Tuesday.

Tue, 30 Jun 2020 06:41:56 GMT

Postmates revives plans for IPO

Postmates has renewed its plans for launching an IPO amid the US online food delivery deal boom, according to sources familiar with the company's listing plans.

Tue, 30 Jun 2020 06:28:55 GMT

Australia seeks boosting its cyber security

Australia is planning to spend A$1.35B during the following ten years to bolster the country's cyber security defences, its Prime Minister Scott Morrison announced on Tuesday.

Tue, 30 Jun 2020 05:06:56 GMT

Japan industrial output declines 8.4%

Japan's industrial output decreased 8.4% month-over-month in May to 79.1, underscoring the coronavirus impact on factory activity and the overall business.

Tue, 30 Jun 2020 04:04:22 GMT

Airbus close to cutting jobs

Airbus finalised a restructuring plan involving thousands of job cuts, as the CEO confirmed intention to hold production down 40% for two years.

Tue, 30 Jun 2020 03:21:15 GMT

Prosus reports profit increase 6.7%

The technology investor Prosus NV reported that its net profit for the year to March 31 grew a better-than-expected 6.7% to $3.82B, supported by strong growth at Tencent.

Mon, 29 Jun 2020 20:53:23 GMT

Coty to purchase 20% stake in KKW

Coty Inc announced that it would purchase a stake of 20% in KKW, the makeup brand of Kim Kardashian West, looking to cash in on the demand for its products.

Mon, 29 Jun 2020 19:41:31 GMT

Fed rolls out PMCCF programme

The Federal Reserve has launched its Primary Market Corporate Credit Facility, a programme to stabilise financial markets following the COVID-19 pandemic, saying it is available for use starting from Monday.

Mon, 29 Jun 2020 18:41:05 GMT

Merkel expects EU leaders to agree on budget

Germany's Chancellor Angela Merkel is hoping that the EU bloc's leaders will agree on the next recovery fund and budget at the summit set for July 17/18, Reuters reported on Monday.

Mon, 29 Jun 2020 17:41:39 GMT

Amazon to spend $500M on one-time bonuses

On Monday, Amazon.com stated it would pay $500M in one-time bonuses to the company's front-line workers and partners who were working during the coronavirus pandemic through June 2020.

Mon, 29 Jun 2020 17:21:53 GMT

US home contracts rebounds in May

Contracts to acquire US secondary homes rose to its record high in May, suggesting that the housing market has started to recover after being hurt by the coronavirus pandemic, Reuters reported.

Mon, 29 Jun 2020 16:08:46 GMT

Sellpy kicks off in Germany

The Sweden-based, virtual second-hand clothing startup Sellpy, mostly owned by clothing giant H&M, launched in Germany.

Mon, 29 Jun 2020 15:25:16 GMT

Trump to gain more control over CFPB

On Monday, the US Supreme Court favored US President Donald Trump regarding power over the Consumer Financial Protection Bureau.

Mon, 29 Jun 2020 13:43:12 GMT

Wall Street opens higher on Monday

On Monday, the main indexes of Wall Street have increased after the prior week's sell-off on investor hopes of more improving data and stimulus against an increase in the global coronavirus cases.

Mon, 29 Jun 2020 13:16:46 GMT

SoftBank to buy back $1.9B of corporate bonds

On Monday, Japan's SoftBank Group stated it would repurchase about $1.9B of its local unsecured corporate bonds in the time period of June 30 - July 17, as a part of the company's plan to pay down its debt.

Mon, 29 Jun 2020 11:43:08 GMT

UK regulator comments on Wirecard

On Monday, the Financial Conduct Authority of the United Kingdom stated that Wirecard had made progress in addressing concerns of the government institution.

Mon, 29 Jun 2020 10:49:00 GMT

Eurozone economic sentiment recovers

Data published on Monday revealed that the economic sentiment of the Euro Zone continued to recover in June.

Mon, 29 Jun 2020 10:26:39 GMT

Stocks reach two week low

On Monday, global stock indices reached a two week low level, as a resurgence in coronavirus spread caused a run to safety.

Mon, 29 Jun 2020 09:14:54 GMT

Vietnam's GDP growth slows in Q2

According to data from the General Statistics Office published on Monday, Vietnam's gross domestic product grew by 0.36% in the Q2.

Mon, 29 Jun 2020 07:58:40 GMT

Crude oil prices decline

On Monday, crude oil prices declined for the second consecutive trading session, as COVID-19 cases surged in the United States and other places cool demand hopes.

Mon, 29 Jun 2020 07:10:16 GMT

Wirecard to continue with business activities

Wirecard AG announced on Saturday that it would continue with business activities after the insolvency filing.

Mon, 29 Jun 2020 05:59:52 GMT

Global fundraising meeting raises $6.9B

On Saturday, a global coronavirus fundraising meeting raised $6.9B. The funds would be used for COVID-19 tests, treatments and vaccines.

Mon, 29 Jun 2020 05:03:36 GMT

Uchida repeats promise to step down

Makoto Uchida, the Chief Executive Officer of Nissan Motor, repeated his pledge to step down if he fails to deliver recovery.

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