News

Note: This section contains information in English only.
Fri, 10 Apr 2020 05:42:14 GMT

Fiat reaches deal with worker unions

It was revealed on Thursday by Fiat Chrysler that the company has made a deal with employee unions on coronavirus measures in Italy.

Fri, 10 Apr 2020 05:30:52 GMT

OPEC+ works on new deal

On Thursday, Reuters revealed that OPEC+ countries were working on a two-year crude oil production cut.

Fri, 10 Apr 2020 03:43:50 GMT

France doubles stimulus

The government of France announced on Thursday that it would double its crisis stimulus package to 100 billion Euros.

Fri, 10 Apr 2020 03:29:50 GMT

US jobless claims continue record streak

On Thursday, for a second week in a row weekly US unemployment claims topped six million.

Thu, 09 Apr 2020 20:43:00 GMT

Crude oil prices surge

During Thursday's US trading session, crude oil price benchmarks surged, as market participants expected an OPEC production cut.

Thu, 09 Apr 2020 19:53:34 GMT

Tesla's China sales at record high in March

Tesla Inc sold 10.1K vehicles in China last month, the company's highest ever monthly sales in the country, the CPCA stated.

Thu, 09 Apr 2020 18:42:35 GMT

Zalando to cut €350M in costs

Germany's online retailer Zalando is cutting €350M of costs, aiming to get through the coronavirus crisis without layoffs.

Thu, 09 Apr 2020 17:42:41 GMT

Sony invests $400M in Chinese Bilibili

China's video site Bilibili is expected to get $400M investment from SCA, Sony Corp America, as both companies seek to further collaborate in entertainment.

Thu, 09 Apr 2020 16:58:50 GMT

US producer prices decline further in March

The US producer prices decreased 0.2% in March, after falling 0.6% in the prior month, the biggest drop since 2015.

Thu, 09 Apr 2020 15:42:33 GMT

Debenhams goes into administration again

The UK retailer Debenhams entered administration for the second time in a year, seeking to protect the group from legal action by creditors during the COVID-19 crisis.

Thu, 09 Apr 2020 15:04:55 GMT

Canada loses 1.01M jobs last month

Canada lost 1.01M jobs in March, while the jobless rate soared to 7.8%, official data revealed, as the new coronavirus outbreak closed non-essential businesses.

Thu, 09 Apr 2020 13:42:26 GMT

Oil producers discuss production

On Thursday, OPEC and Russian officials continued to debate crude oil production cuts, as disagreements continued to be present.

Thu, 09 Apr 2020 12:43:31 GMT

US does not join oil talks

It was revealed on Thursday by Reuters that, despite most oil producing countries discussing production cuts, US had not joined the talks.

Thu, 09 Apr 2020 11:41:14 GMT

Bank of England offers money to government

The Bank of England stated on Thursday that it would lend the government of the UK money to fight the spread of the coronavirus.

Thu, 09 Apr 2020 10:49:13 GMT

Virgin Australia asks for aid

On Thursday, Virgin Australia grounded all domestic flights and continued to ask for government financial aid.

Thu, 09 Apr 2020 09:42:54 GMT

Stock prices surge on Thursday

During the Asian and European Thursday's trading sessions, global stock indices surged, as governments continued to announce stimulus measures.

Thu, 09 Apr 2020 09:01:13 GMT

Kuroda says uncertainty over Japan's economy is extremely high

The Bank of Japan Governor Haruhiko Kuroda said on Thursday that Japan's economy faces extremely high uncertainty, as the coronavirus crisis hit production and consumption.

Thu, 09 Apr 2020 08:12:51 GMT

Dubai's non-oil private sector shed jobs in March

According to the IHS Markit Dubai Purchasing Manager's Index, Dubai's non-oil private industry, particularly in the tourism sector, shed jobs in March due to the coronavirus.

Thu, 09 Apr 2020 07:02:33 GMT

Finma welcomes Credit Suisse's and UBS's dividend decisions

On Thursday, Switzerland's financial markets watchdog Finma welcomed the decisions by Credit Suisse and UBS to partially postpone dividends payout for 2019.

Thu, 09 Apr 2020 06:01:54 GMT

Credit Suisse and UBS to partially suspend dividends payment

On Thursday, Credit Suisse and UBS said in statements that they have decided to partially postpone dividends payout for 2019 in the Q4 of 2020.

Thu, 09 Apr 2020 05:15:40 GMT

BMW to begin producing face masks

German carmaker BMW is set to start making face masks to help protect the company's own staff and the public against the coronavirus spread.

Thu, 09 Apr 2020 04:26:09 GMT

Starbucks expects 47% drop in Q2 earnings

Starbucks forecast a 47% decline in Q2 earnings and warned that the hit from the COVID-19 pandemic would extend into the end of the fiscal year 2020.

Thu, 09 Apr 2020 02:41:06 GMT

Google prohibits employees from Zoom usage

Alphabet Inc's Google banned video conferencing application Zoom from its employees' laptops due to security concerns.

Thu, 09 Apr 2020 02:35:30 GMT

Airbnb to restrict UK bookings

Airbnb is set to block bookings in the UK on the platform for the majority of customers, allowing just key workers to stay in properties during restrictions amid coronavirus.

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