US home sales drop to record low in nearly decade

Source: Dukascopy Bank SA
The US home sales posted their largest decline of 17.8% in almost ten years last month as the coronavirus crisis hit the country's labour market and global economy, tumbling demand for housing.
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Thu, 21 May 2020 18:27:12 GMT

Macy's sees up to $1.0B Q1 loss amid lockdowns

On Thursday, Macy's Inc stated it is expecting operating losses of nearly $1.11B in the Q1 due to coronavirus lockdowns that forced the department store operator to close its stores.

Thu, 21 May 2020 16:05:16 GMT

Panasonic to slash over 500 jobs in Thailand

On Thursday, Japan's appliance-maker Panasonic announced its plans to trim about 800 jobs in Thailand, as it will move the washing machines and refrigerators production to Vietnam next year.

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