News

Sat, 16 May 2020 16:50:24 GMT

US Justice Department subpoenas banks

Reuters revealed on Saturday that the US Justice Department has sent subpoenas to the Wall Street banks, which abused the emergency loan program.

Sat, 16 May 2020 15:41:45 GMT

PBOC increases stimulus

On Saturday, the People's Bank of China announced that it would increase its monetary stimulus measures to support the economy.

Sat, 16 May 2020 14:40:18 GMT

JC Penney files for bankruptcy

J.C. Penney on Friday filed for bankruptcy protection and announced plans to close some of its stores.

Sat, 16 May 2020 14:34:11 GMT

US cuts Huawei from supply

On Saturday, the US government blocked Huawei from accessing the global supply of chips.

Sat, 16 May 2020 12:42:22 GMT

Facebook buys Giphy

Facebook revealed on Friday that the company had bought the GIF website Giphy to integrate it with Instagram.

Sat, 16 May 2020 12:32:40 GMT

Saudi Arabia buys stakes in companies

On Saturday, it was revealed that the Saudi sovereign fund had bought in stakes in Citi, Boeing and Facebook.

Sat, 16 May 2020 10:41:28 GMT

China asks US to stop Huawei suppression

On Saturday, the Chinese government requested the United States government to stop the suppression and barring of Huawei from global chip supplies.

Sat, 16 May 2020 10:33:59 GMT

GM CEO comments on layoffs

On Friday, the CEO of General Motors Mary Barra stated that despite recent layoffs in self driving car units, she still sees potential in autonomous cars.

Sat, 16 May 2020 08:46:35 GMT

US Justice Department sues Google

The Wall Street Journal revealed on Friday that the US Justice Department would file an antitrust lawsuit against Google.

Sat, 16 May 2020 08:28:26 GMT

Democrats pass new stimulus

On Friday, Democrats of the US House of Representatives managed to pass the bill of additional $3 trillion in coronavirus aid.

Sat, 16 May 2020 05:31:18 GMT

Federal Reserve issues warning

On Friday, the US Federal Reserve stated that the financial sector is about to face the effects of the coronavirus, as unemployment hits credit repayments.

Sat, 16 May 2020 03:40:30 GMT

US Dollar trades flat

During Friday's US trading hours, the US Dollar ended the week's trading by surging 0.66%, as there were no major notable events occurring.

Sat, 16 May 2020 03:28:11 GMT

Wall Street ends week with surge

On Friday, US stock markets ended the week with a surge, as the three major US stock exchange indices closed higher.

Fri, 15 May 2020 22:30:09 GMT

Brazil reduces taxes

The Brazilian federal revenue service announced on Friday that it has reduced or deferred taxes valued at $29.15 billion.

Fri, 15 May 2020 21:10:51 GMT

Oil prices jump on Friday

During Friday's trading hours, crude oil prices jumped by 7%, as they reached above April and May high levels.

Fri, 15 May 2020 19:49:20 GMT

Indonesia to introduce VAT on internet companies

Indonesia will require large internet firms to pay VAT on digital services and products sales starting from July, in a move that can be adopted by other countries as they seek boosting revenues after the coronavirus pandemic.

Fri, 15 May 2020 19:11:58 GMT

Foxconn Q1 profit hits record low in two decades

Foxconn reported its Q1 profit dropped to its lowest level in two decades, after the coronavirus outbreak forced the Taiwanese company to halt its manufacturing operations based in China, knocking customer demand including Apple.

Fri, 15 May 2020 18:22:50 GMT

Facebook acquires Giphy to integrate into Instagram

Facebook is buying Giphy, the popular GIF website, for further integration into Instagram, the social media tech announced on Friday, not disclosing the financial details of the deal.

Fri, 15 May 2020 17:37:18 GMT

Nissan expects bigger role for China, US markets in car sales

Nissan Motor is expecting equal contributions to the global vehicle sales from the United States, China and other markets in the following years, as the Japanese automaker aims to recover profitability.

Fri, 15 May 2020 15:45:30 GMT

Ethiopian Airlines head hopes for Boeing settlement by end-June

Ethiopian Airlines's Chief Executive Tewolde Gebremariam is expecting the settlement with the planemaker Boeing by the June-end regarding the 737 MAX plane crash in March last year.

Fri, 15 May 2020 14:43:41 GMT

US seeks to chop Huawei Tech off from worldwide chip suppliers

On Friday, Trump's Administration has moved to ban semiconductor shipments from global chipmakers to Huawei Technologies, promoting the US tensions with China.

Fri, 15 May 2020 14:19:53 GMT

Morningstar agrees on $3.5M settlement withUS SEC

On Friday, Morningstar Credit Ratings has agreed on a settlement worth $3.5M with the US Securities and Exchange Commission over charges for the conflict of interest rule's violation.

Fri, 15 May 2020 13:39:27 GMT

Mexico sees auto sector to reopen before June 1

Mexico's automotive industry might withdraw from the coronavirus lockdown earlier than June 1, in case of companies approving safety measures, the government stated on Friday.

Fri, 15 May 2020 12:30:58 GMT

Amazon's Twitch forms safety advisory council

Amazon's live-streaming platform Twitch has announced a safety advisory council formed by experienced users, anti-bullying advocates and online safety experts that will help improve the site's safety.

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