News

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Sat, 20 Jun 2020 15:33:34 GMT

Fed worries about economic recovery

The US Federal Reserve noted on Friday that post-pandemic economic recovery might not happen as fast as expected.

Sat, 20 Jun 2020 14:26:17 GMT

US current account deficit decreases

The US Commerce Department reported on Friday that current account deficit dropped 0.1% to $104.2B.

Sat, 20 Jun 2020 13:34:22 GMT

Russia worries about protests in US

The Russian President Vladimir Putin expressed concern on Saturday over arrangements with the US in light of the massive protests across the country.

Sat, 20 Jun 2020 12:56:24 GMT

Trump visits Oklahoma

The US President Donald Trump is expected to hold a rally with his supporters in Oklahoma today.

Sat, 20 Jun 2020 11:21:13 GMT

Trump still want to close "Dreamers" program

The US President Donald Trump indicated on Friday that he still wanted to end the so-called Dreamers immigration program despite the Supreme Court ruling.

Sat, 20 Jun 2020 10:26:46 GMT

NDB gives South Africa a loan

The New Development Bank (NDB) issued on Saturday a $1B loan to South Africa to help the country to ease the impact of coronavirus pandemic.

Sat, 20 Jun 2020 09:19:11 GMT

US, Russian envoys to meet in Austria

The US and Russian representatives are expected to meet in Austria next week to discuss arms control.

Sat, 20 Jun 2020 08:25:47 GMT

Tesla postpones shareholder meeting

Elon Musk wrote in Twitter on Friday that Tesla would postpone its annual meeting of shareholders because of restrictions caused by the coronavirus pandemic.

Sat, 20 Jun 2020 07:24:49 GMT

Toshiba to sell stake in Kioxia

According to sources familiar with the matter, Toshiba Corp plans to slowly get rid of its stake in Kioxia Holdings after the latter makes an IPO.

Sat, 20 Jun 2020 06:01:30 GMT

Lidl, Aldi look to pounce on home delivery service

The German discount grocery chains Lidl and Aldi would focus their attention on home delivery and curbside pick-up services.

Sat, 20 Jun 2020 05:07:37 GMT

Deutsche Telekom to retain control of T-Mobile

Timotheus Hoettges, the CEO of the German telecom giant Deutsche Telekom, said that the company would keep control of the US operator T-Mobile if Softbank sells its stake.

Sat, 20 Jun 2020 04:00:07 GMT

Piraeus Bank hires JPMorgan and UBS

According to sources with knowledge of the matter, Piraeus Bank has appointed UBS and JPMorgan to auction off $7.8B of bad loans.

Sat, 20 Jun 2020 03:01:08 GMT

Turkey's Central Bank uses Chinese Yuan funding

On Friday, the Turkish Central Bank announced that the first usage of the Chinese Yuan funding under the swap agreement signed with the People's Bank of China.

Fri, 19 Jun 2020 21:12:10 GMT

Canada's retail sales plummet in April

According to data released by Statistics Canada on Friday, Canada's retail sales declined by 26.4% in April.

Fri, 19 Jun 2020 20:19:56 GMT

Fed to keep 2% inflation target

Richard Clarida, the Vice Chairman of the Federal Reserve declared on Friday that the Fed is not planning to lower its 2% inflation target, despite the current decline.

Fri, 19 Jun 2020 19:20:08 GMT

Apple to close stores in US

On Friday, Apple Inc. declared of provisional store closures in four US states due to the rising number of COVID-19 cases, lowering hopes of swift economic recovery.

Fri, 19 Jun 2020 17:44:14 GMT

Turkey's Central Bank to cut policy rate

According to the Reuters poll, published on Friday, the Turkish Central Bank is likely to cut its benchmark interest rate by 8%.

Fri, 19 Jun 2020 16:55:34 GMT

Thailand's Central Bank cuts rate

On Friday, the Thai Central Bank cut its benchmark interest rate by 2%-4% points for personal loans and credit cards.

Fri, 19 Jun 2020 16:02:16 GMT

Crude oil prices surge above $42

On Friday, crude oil prices surged above $42 per barrel. Brent crude rose by 2.6%, to $42.60 at 08:29 GMT, while the US West Texas Intermediate climbed by 2.8%.

Fri, 19 Jun 2020 15:11:01 GMT

Wall Street's main indexes open higher

US stocks edged higher on Friday, as Nasdaq Composite pushing closer to a record high, while the Dow Jones Industrial rose by 133.00 points.

Fri, 19 Jun 2020 13:55:56 GMT

Samsung to shift China display output to Vietnam

Samsung Electronics is set to move its Chinese display production to a plant located in Vietnam this year, according to a state media report seen on Friday.

Fri, 19 Jun 2020 13:20:22 GMT

VW seeks developing new car operating system

Germany's Volkswagen has entered talks with its rival car manufacturers over making an operating system that could be used in the car of the future, VW's board member Christian Senger said.

Fri, 19 Jun 2020 12:33:55 GMT

Wirecard CEO resigns on Friday

Wirecard's Chief Executive Officer has resigned this Friday after the searches for missing cash worth $2.1B from the payments company's accounts reached a deadlock in Asia.

Fri, 19 Jun 2020 11:27:55 GMT

BMW plans 10K contract layoffs

On Friday, BMW announced it was planning 10K more layoffs of contract workers, as Germany's luxury automaker sought to cut its capacity amid the coronavirus crisis.

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