Nancy Pelosi, the US House Speaker, is expecting the House of Representatives on Thursday to pass the Congress' latest COVID-19 virus aid bill, paving its way for about $500B more in the economic relief due to the pandemic.
The elevator maker Kone surprised analysts by posting a smaller than anticipated 10% drop in its Q1 profit on Wednesday amid strong demand for the company's elevators and services despite the virus, sending its shares up 6.8% to €55.54.
China allowed 200 Samsung Electronics' staff from South Korea to enter Mainland China for its NAND memory chip factory expansion, the company announced on Wednesday.
On Wednesday, Brent oil prices followed WTI crude prices by plummeting, as Brent crude reached 1999 low level.
OYO Hotels and Homes, the Softbank Group-backed firm, cut the pay of all staff by 25% in India for the following four months, sending some of the company's employees on a leave with cut benefits.
Snap Inc topped Wall Street's estimates for its quarterly revenue, marking growing number of its Snapchat app users due to global lockdowns that make more people stay home and seek entertainment.
Netflix Inc has doubled its own forecasts for new user signups in year's first half, increased amid the global lockdown caused by the coronavirus pandemic, but sees a weaker second half after stay-at-home orders are lifted.
Facebook is planning to invest $5.7B in Reliance Industries's digital business, with the social media giant seeking to leverage its WhatsApp messenger and offer its digital payment services to some Indian small grocers.
On Tuesday, United Airlines offered 39.25 million shares, which was priced at $26.50 a share, in an effort to raise capital and save costs amid the coronavirus pandemic.
On Tuesday, the US Senate passed a $484B coronavirus aid package, which expands funding for loans to small businesses.
On Tuesday, China's electric vehicle producer BYD Co announced that its net profit for 2019 fell by 42% due to cuts in government subsidies for new energy vehicles.
According to the US National Association of Realtors report, the existing US home sales fell by 8.5% in March. The decline was the largest since November 2015.
The number of properties sold in Spain in February declined 1.1% year-over-year and 5% compared to the prior month, the National Statistics Institute stated.
Italy's GDP contracted around 5% in the Q1 of this year and is expected to shrink further 10% in the Q2, the country's budget watchdog stated.
Coca-Cola Co announced that it expected Q2 sales volumes to drop, as restaurants and other venues representing about the half of revenue remain closed amid the coronavirus pandemic.
Ireland expects its gross domestic product to decline 10.5% in 2020 and post a budget deficit of 7.4%, or nearly €23B, the Finance Ministry stated.
China's electric car producer BYD reported a 41.9% decrease in its net profit last year, as Chinese EV subsidies cut affected customer demand.
The US home sales fell markedly 8.5% to a seasonally adjusted yearly rate of 5.27M units in March, as measures to control the COVID-19 spread brought buyer traffic to a standstill.
Domestic air traffic plunged 70% globally, IATA reported on Tuesday, adding that the recovery is likely to be slow during the next six months amid the negative effect the coronavirus had on the global economy.
Comcast-owned movie ticketing service Fandango Media is planning to acquire Vudu, Walmart's video-on-demand service with the financial terms of the deal remaining undisclosed by now.
At the start of US trading hours, global stock indices declined, as worse than forecast corporate earnings increased worries about grim economic outlook.
Huawei Technologies revenue rose by nearly 1% to 182.2B yuan in the Q1, compared to a 39% growth reported a year earlier, tumbled by the US ban and the negative impact of the coronavirus pandemic.
On Tuesday, Middle East equity, currency and debt markets declined, as the recent fall of oil prices into negative impacted the oil producing region.
On Tuesday, Nissan Motor announced it would close its global Japan's headquarters through May 16 to prevent the coronavirus spread, despite the government's permission to keep workplaces open in order to get the Japanese economy running.