News

Note: This section contains information in English only.
Sat, 14 Mar 2020 15:06:50 GMT

Germany pledges unlimited support to companies

The German government pledged to provide unlimited support to businesses affected by the coronavirus outbreak through the state development bank KfW.

Sat, 14 Mar 2020 14:02:46 GMT

China gold production and consumption decline

China produced 500.4T of gold in 2019, a 2.6% decline from 2018, and consumption fell 12.9% to 1,003T, data published by the Ministry of Industry and Information Technology show.

Sat, 14 Mar 2020 13:00:13 GMT

Volkswagen vehicle sales decline

The Volkswagen Group sold 546,300 vehicles in February, a decline of almost 25% from the same period the previous year, a statement from the German car producer shows.

Sat, 14 Mar 2020 12:18:56 GMT

AfDB, Tanzania sign $495M loan agreements to finance infrastructure projects

The African Development Bank and Tanzania signed loan agreements worth $495.59M to finance several infrastructure projects, including the construction of Msalato international airport in the capital Dodoma.

Sat, 14 Mar 2020 11:34:46 GMT

Inditex to close stores in Spain amid virus

According to the Europa Press, Inditex has decided to temporarily shut down all Zara stores in Spain amid the coronavirus outbreak.

Sat, 14 Mar 2020 10:34:12 GMT

Japan refuses to announce emergency

The Japanese Prime Minister Shinzo Abe stated on Saturday that situation in the country with coronavirus is not severe enough to declare the state of emergency.

Sat, 14 Mar 2020 09:15:34 GMT

Iran launches new oil platform

According to the IRNA news agency, the S1 platform installed at Salman oilfield has raised Iran's oil production capacity by 6,000 barrels per day.

Sat, 14 Mar 2020 08:01:51 GMT

Philippine Central Bank stands ready to support economy

The Governor of the Philippine Central Bank Benjamin Diokno said in a statement on Friday that the bank is ready to support the country's economic growth amid the coronavirus outbreak.

Sat, 14 Mar 2020 07:17:58 GMT

GrubHub to suspend commissions from US restaurants

On Friday, GrubHub Inc announced that it would halt the collection of commissions worth about $100 million from the US restaurants, hit by the coronavirus pandemic.

Sat, 14 Mar 2020 06:11:47 GMT

Canada plans to help industries hit by coronavirus outbreaks

According to a source with direct knowledge of the discussions, Canada is planning a multi-billion-dollar funding package for coronavirus-hit businesses.

Sat, 14 Mar 2020 05:12:41 GMT

Ford and GM to ask white-collar staffs to work from home

On Friday, the US automakers Ford Motor Co and General Motors Co announced that they would ask their white-collar employees to work from home starting on March 16.

Sat, 14 Mar 2020 04:23:11 GMT

Elliott Management supports SoftBank's $4.8B buyback plan

On Friday, Elliott Management announced that it would back SoftBank's plan to repurchase up to 7% of its shares.

Sat, 14 Mar 2020 03:05:13 GMT

Johnson postpones May's local and mayoral elections

According to the BBC report on Friday, the UK Prime Minister Boris Johnson has suspended May's regional and mayoral elections for a year because of the coronavirus pandemic.

Fri, 13 Mar 2020 20:41:44 GMT

Pinera announces legislation to fight white-collar crimes

On Friday, Sebastian Pinera, the President of Chile, announced several legislations to fight against white-collar crimes, such as collusion and insider trading.

Fri, 13 Mar 2020 19:46:00 GMT

Ford and GM to ask white-collar staffs to work from home

On Friday, the US automakers Ford Motor and General Motors announced that they would ask their white-collar employees to work from home starting on March 16.

Fri, 13 Mar 2020 18:52:37 GMT

Canada plans to help industries hit by coronavirus outbreaks

According to a source with direct knowledge of the discussions, Canada is planning a multi-billion-dollar funding package for coronavirus-hit businesses.

Fri, 13 Mar 2020 17:59:23 GMT

GrubHub to suspend commissions from US restaurants

On Friday, GrubHub Inc announced that it would pause the collection of commissions worth about $100 million from the US restaurants, hit by the coronavirus pandemic.

Fri, 13 Mar 2020 16:41:00 GMT

Bitcoin recovers losses

On Friday, the price for Bitcoin rebounded by a fifth. It was spotted that the crypto bounced off a descending supporting long term trend line.

Fri, 13 Mar 2020 15:43:57 GMT

US markets slightly recover

At the start of US trading hours on Friday, US stock indices recovered by nearly five percent. However, they were still below Wednesday's levels.

Fri, 13 Mar 2020 14:41:18 GMT

Xerox delays HP shareholders meeting

On Friday, Xerox Holdings Corp announced it was set to postpone the scheduled meeting with HP Inc's shareholders due to the coronavirus outbreak.

Fri, 13 Mar 2020 13:47:13 GMT

SoftBank buys back $4.8B after stock plunges

SoftBank Group Corp has unveiled a buyback of up to $4.8B of its shares following a slump in the Japanese investment group's shares in March.

Fri, 13 Mar 2020 12:43:13 GMT

Sweden subsidizes companies

On Friday, the Swedish Central Bank announced that it would lend almost $51 billion to Swedish companies in an effort to boost the economy.

Fri, 13 Mar 2020 11:58:06 GMT

VW plans expansion in EV batteries

Germany's Volkswagen is planning to tap the electric vehicle batteries as part of its green cars expansion, seeking to compete with energy and utilities firms, Michael Jost, the carmaker's Chief Strategist stated.

Fri, 13 Mar 2020 10:47:18 GMT

Verizon lifts its 2020 capital expenditure

VerizonCommunications increased its annual capital expenditure to $17.5B-$18.5B in 2020, as the company accelerates the transition to 5G network.

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