News

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Sun, 26 Apr 2020 10:22:17 GMT

MUFG plans job cuts

It was revealed on Sunday by Yomiuri that the Mitsubishi UFJ Financial Group would cut its staff by a total of eight thousand by 2023.

Sun, 26 Apr 2020 08:42:31 GMT

Elbit Systems reveals contract

On Sunday, the Israeli defence firm Elbit Systems revealed that it had received a $103 million electronic warfare contract from an unnamed Asian country.

Sun, 26 Apr 2020 07:42:31 GMT

US airlines receive aid

The US Treasury announced on Saturday that it would provide additional $9.5 in aid to US airlines.

Sun, 26 Apr 2020 07:30:39 GMT

Boeing cancels Embraer deal

On Saturday, Boeing announced that the Brazilian airplane maker Embraer has not met the requirements for Boeing to buy a stake of its business.

Sun, 26 Apr 2020 05:41:04 GMT

Deutsche Bank refuses to give info on Trump

On Saturday, it was revealed that Deutsche Bank has refused to give US Senators information about deals made by Donald Trump.

Sun, 26 Apr 2020 05:31:14 GMT

Trump warns US Postal Service

The President of the United States announced on Friday that he could cut aid for US Postal Service due to no raising prices for Amazon.com.

Sun, 26 Apr 2020 03:52:31 GMT

Philippine central bank comments on economy

On Saturday, the central bank of Philippines announced that the country's economy is set to shrink for the first time in twenty years.

Sat, 25 Apr 2020 20:53:18 GMT

Japan Airlines looks for funding

On Saturday, public broadcaster NHK revealed that Japan Airlines could borrow up to $2.8 billion.

Sat, 25 Apr 2020 19:42:38 GMT

Greek Finance Minister comments on economy

The Finance Minister of Greece announced on Saturday that the country's economy could shrink up to ten percent in 2020.

Sat, 25 Apr 2020 18:42:30 GMT

US evaluates buying out companies

On Friday, the Treasury Secretary of the United States Steven Mnuchin stated that the government is considering buying stakes in US energy companies.

Sat, 25 Apr 2020 18:11:11 GMT

Air France-KLM secures aid funding

Air France-KLM announced on Friday that it would receive seven billion Euros in government aid.

Sat, 25 Apr 2020 16:47:23 GMT

US companies ignore backlash

On Saturday, large companies announced that they would not pay back the funds acquired by taking advantage of loopholes of the US small business loan program.

Sat, 25 Apr 2020 16:08:28 GMT

Airbnb reveals recovery in China

Data published by Airbnb revealed on Saturday that bookings of living space have doubled in China in April, compared to March.

Sat, 25 Apr 2020 14:42:16 GMT

UK insurers pay out claims

It was revealed by British insurers on Saturday that they would pay out nearly 1.2 billion GBP in coronavirus associated claims.

Sat, 25 Apr 2020 13:43:51 GMT

Russia needs major loan

On Saturday, the Finance Minister of Russia Anton Siluanov stated that the government would need to borrow $13.44 billion to cover a non-oil and gas revenue fall.

Sat, 25 Apr 2020 12:51:35 GMT

VW to extend plant suspension in Mexico

Germany's carmaker Volkswagen is planning to extend a suspension of its operations at the Puebla production plant located in Mexico until May 18 amid the coronavirus pandemic.

Sat, 25 Apr 2020 12:13:16 GMT

Nestle CEO sees 2020 vigorous for M&A deals

Nestle is expecting 2020 a busier year for merger and acquisition deals, as the Swiss food giant seeks expansion of its business, its CEO Mark Schneider stated.

Sat, 25 Apr 2020 11:36:30 GMT

AmEx to trim spending by $3.0B amid crisis

American Express is set to cut its spending by about $3.0B this year after the quarterly profit plunged 76% as the credit card issuer set aside money to to survive the coronavirus-hit economy.

Sat, 25 Apr 2020 10:32:44 GMT

Philippines likely to have negative growth rate

The Central Bank of Philippines stated on Saturday that the outbreak of coronavirus likely to result in negative growth rate of the country's economy.

Sat, 25 Apr 2020 09:29:49 GMT

Russia needs $13.4B to cover losses

The Russian Finance Minister Anton Siluanov stated on Saturday that the govenment must borrow $13.4B to cover losses in non-energy sector.

Sat, 25 Apr 2020 08:30:05 GMT

Italy calls for careful use of ESM

The Foreign Minister of Italy Luigi Di Maio called on Saturday to be pragmatic when deciding how to use the European Stability Mechanism (ESM).

Sat, 25 Apr 2020 07:19:59 GMT

Shareholders likely to vote against Boeing board members

Institutional Shareholder Services and Glass Lewis, two proxy advisers, issued a recommendation for shareholders to vote against the key members of the Boeing board.

Sat, 25 Apr 2020 06:32:01 GMT

Greek economy to decrease 5-10%

The Finance Minister of Greece Christos Staikouras stated on Saturday that the country's economy is expected to decrease 5-10% this year amid the coronavirus outbreak.

Sat, 25 Apr 2020 02:45:16 GMT

Verizon withdraws its full-year revenue forecast

On Friday, Verizon Communications has withdrawn its revenue forecast for 2020 as the company lost 68k phone subscribers in the first quarter due to the COVID-19 outbreak lockdowns.

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