News

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Sun, 10 May 2020 15:41:05 GMT

Australia comments on Chinese tariffs

On Sunday, the Australian government raised concerns about China considering setting tariffs on Australian barley.

Sun, 10 May 2020 14:49:08 GMT

Turkey considers lifting transaction ban

The Turkish government announced on Sunday that it could lift transaction bans set on foreign banks.

Sun, 10 May 2020 13:57:42 GMT

Thyssenkrupp increases overhaul rate

On Saturday, the CEO of Thyssenkrupp Marina Merz announced that the ongoing overhaul of Thyssenkrupp is bound to be made faster due to the coronavirus.

Sun, 10 May 2020 12:41:10 GMT

S&P comments on gulf banks

S&P Global Ratings announced on Sunday that rated gulf banks could absorb a $36 billion shock wave before depleting capital.

Sun, 10 May 2020 12:30:30 GMT

Washington negotiates with chipmakers

On Sunday, the Wall Street Journal revealed that the US government is negotiating with chipmakers a move of production to the US.

Sun, 10 May 2020 10:58:33 GMT

Israeli ministry considers El Al support loans

On Sunday, Israel's Finance Minister and El Al Israel Airlines' officials are set to meet to make a decision regarding the recovery plan for the struggling carrier, after it was grounded amid the coronavirus outbreak.

Sun, 10 May 2020 10:36:16 GMT

Mazda Motor needs $2.8B in loans to get through pandemic

Mazda Motor Corp seeks $2.8B loans from the three Japanese top lenders and other banks, as the carmaker plans to ride out the crisis caused by the coronavirus pandemic.

Sun, 10 May 2020 09:36:27 GMT

Emirates plans raising debt to help through the pandemic

Emirates, one of the largest long-haul airlines in the world is set to raise debt, as it does not expect travel industry to recover for the next 18 months, following the coronavirus pandemic hit.

Sun, 10 May 2020 07:52:10 GMT

Trump announces agriculture buy out

On Saturday, the US President Donald Trump announced that the US government would buy up to $3 billion worth of US agriculture goods.

Sun, 10 May 2020 07:28:02 GMT

Musk moves production

The CEO of Tesla announced on Saturday that he would move production out of California to Texas or Nevada.

Sun, 10 May 2020 05:41:28 GMT

Italian companies ask for loan guarantees

On Saturday, various Italian companies requested the government for guarantees for loans valued at $20 billion.

Sun, 10 May 2020 05:31:31 GMT

Mazda seeks loan

Mazda Motor Corporation announced on Saturday that it is looking for $2.8 billion in loans to deal with the coronavirus pandemic.

Sun, 10 May 2020 03:41:05 GMT

EU plots travel restart

European Union officials announced on Saturday that EU countries should guarantee travel restriction cancellations to save the tourism season.

Sun, 10 May 2020 03:31:49 GMT

Kuwait comments on oil prices

On Saturday, the Emir of Kuwait Sheikh Sabah al-Ahmad al-Sabah stated that the crash of oil prices is bound to impact Kuwait's financial solvency.

Sat, 09 May 2020 21:05:00 GMT

China issues new online banking rules

On Saturday, Chinese officials issued new rules for online bank lending. The changes were aimed at decreasing systemic risk.

Sat, 09 May 2020 19:42:58 GMT

German Minister comments on economy

On Saturday, the Economy Minister of Germany Peter Altmaier stated to Reuters that the German economy should become less dependent on other countries.

Sat, 09 May 2020 19:14:46 GMT

Merkel's ally comments on coronavirus

On Saturday, Eckhardt Rehberg, Germany's Chief Budget Lawmaker, revealed to the RND media group that the government expects a 100 billion Euro decline in tax revenues.

Sat, 09 May 2020 17:40:59 GMT

China extends tariffs

The Chinese government announced on Saturday that it would extend its tariffs on US and European steel tubes and pipes for five years.

Sat, 09 May 2020 16:47:27 GMT

US reports record job loss

On Friday, US government data revealed that the US monthly unemployment rate had surged to 14.7%.

Sat, 09 May 2020 16:07:22 GMT

Germany comments on Brexit

The Foreign Minister of Germany Heiko Maas stated in an interview on Saturday that a hard Brexit could occur, if the UK does not extend the term for trade negotiations.

Sat, 09 May 2020 15:21:16 GMT

Pfizer outsources production

On Friday, Pfizer announced that the company would outsource some of its drug production, as it gets ready for a large scale manufacturing of a coronavirus vaccine.

Sat, 09 May 2020 13:40:33 GMT

US government regulator comment on stimulus

The Inspector General of the US revealed on Friday that the US Congress had failed to implement the $660 million small business rescue program.

Sat, 09 May 2020 13:29:32 GMT

Republicans urge Trump to pressure banks

A group of US Republican party legislators on Friday urged US President Donald Trump to stop banks from pausing funding the oil industry.

Sat, 09 May 2020 11:41:39 GMT

Fed comments on job loss

On Friday, the US Federal Reserve announced that Americans should not expect a quick recovery from the recent job losses.

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