According to a source with knowledge of the matter, traders of Goldman Sachs commodities unit gained over $1B in revenue in 2020 after the collapse in crude oil prices.
On Wednesday, Michel Barnier, the EU's Brexit chief negotiator, said that the UK is asking too much from the EU than Japan, Canada or other partners in the Brexit trade negotiations.
On Wednesday, the dollar index, which measures the US Dollar against a basket of major currencies, fell to three-month lows, as investors await the US Federal Reserve's policy update.
On Wednesday, Wall Street's main indexes opened higher, as investors and traders await the US Federal Reserve's policy update due later in the day.
On Wednesday, representatives of Starbucks announced that the company expects to suffer a $2.2 billion decline in income due to the coronavirus.
On Wednesday, Ford Motor and Volkswagen announced they were set to produce up to 8M commercial vans and medium pickup trucks as part of their alliance formed last year.
On Wednesday, Finnair has launched its share sale, seeking to raise €500M from the existing investors, as the airline aims to cope with the COVID-19 crisis by boosting its finances.
Tesla's CEO Elon Musk announced that the company would launch the volume production of the Semi commercial trucks, as the US electric car maker accelerated its vehicle output after a brief shutdown.
On Wednesday, the European Central Bank announced that it is preparing a plan for dealing with a wave of bad coronavirus caused debt.
Credit Suisse's CEO Thomas Gottstein expressed his positive view of business future on Wednesday, seeing improvements after the 2020 year's tough start.
On Wednesday, SoftBank Group-backed chip technology company Arm Ltd stated that Allen Wu, the CEO of its Chiese joint venture, has resigned from his position and been replaced.
Japan's Fujifilm Holdings is set to spend $928M to double capacity at the Danish drug manufacturing facility, as it plans to use it for producing COVID-19 treatments.
One of the largest long-haul airlines in the world, Emirates, announced it was planning more pilots, cabin crew layoffs on Wednesday, in its second consecutive day of redundancies.
According to the IATA forecast, airlines are heading towards $84B loss in 2020, as the COVID-19 crisis cut their income by half.
According to sources with knowledge of the matter, Germany's Economy Ministry plans to spend $566.95M to help investors to build charging terminals for electric vehicles.
The EU's €750B economic rescue plan is unfair to Hungary, the Hungarian Finance Minister Mihaly Varga stated on Tuesday.
According to a report released by the US Commerce Department on Tuesday, wholesale inventories in the US increased by slightly less than expected in April.
Warehousing specialist Segro is set to raise about £650M via private share placement to finance expansion across the UK and continental Europe.
Japan's April real wages declined at their quickest pace since 2019 end, fanning fears over the further consumer sentiment after the economy was hit by the coronavirus.
Turkey's industrial production is expected to have plunged 17% year-on-year in April amid an economic decline brought on by measures against the coronavirus spread.
Germany seeks to earmark €500M from its bumper stimulus package with intention to support the electric car charging stations launch, according to a Reuters report seen on Tuesday.
Airlines are heading to the $84B loss this year after the COVID-19 pandemic cut their revenue by half, marking the sector's worst year in history, the IATA anticipated on Tuesday.
On Tuesday, Wall Street opened lower as investors had shifted their focus to the Federal Reserve meeting over the gradual economic recovery, which took Nasdaq to its all-time high.
Thailand seeks international digital service copanies to pay a VAT, approving a draft bill on Tuesday, in the latest move by another Southeast Asian country that aims to raise tax revenues from foreign tech firms.