News

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Tue, 14 Apr 2020 08:49:52 GMT

Trump pledges to re-open US economy soon

President Donald Trump has pledged that his Administration would complete the plan to re-open the shuttered US economy soon, following a major shutdown caused by the coronavirus spread.

Tue, 14 Apr 2020 08:09:19 GMT

Amazon plans extra 75K jobs amid surging order demand

Amazon.com is planning to hire 75K more staff amid surging demand for online orders due to the coronavirus outbreak in the United States.

Tue, 14 Apr 2020 07:32:49 GMT

Apple posts 2.5M iPhone March shipments in China

Apple Inc reported it had shipped 2.5M iPhones in China last month, marking a slight rebound following its worst month in the country in recent years.

Tue, 14 Apr 2020 06:15:58 GMT

SoftBank shares plunge 3.5% on financial year loss

On Tuesday, SoftBank Group's shares dropped as much as 3.5% on expectations the Vision Fund is set to record a $16.73B loss in the financial year-end in March, its first in 15 years, amid the falling bet values on unproven startups.

Tue, 14 Apr 2020 04:51:00 GMT

US Treasury comments on airlines

The US Treasury revealed during the holidays that it would want warrant payments on 30% of grants given out to US airlines.

Tue, 14 Apr 2020 03:41:02 GMT

G20 announce meeting

On Monday, the Ministers of Health of G20 countries revealed that next week the officials of the countries would hold an online meeting.

Tue, 14 Apr 2020 03:27:58 GMT

Wall Street declines

During Monday's US trading hours, stock indices declines in value, as US companies were expected to report bad first quarter results.

Mon, 13 Apr 2020 21:01:56 GMT

Fed sees slow US recovery

On Monday, the US Federal Reserve warned that the US economy is bound to have a slow recovery in the aftermath of the coronavirus epidemic.

Mon, 13 Apr 2020 19:41:52 GMT

EBay picks Walmart executive as new CEO

On Monday, eBay appointed Walmart's Jamie Iannone as its new top boss, as the e-commerce company faces pressure from Starboard Value, its activist investor, to reshape its management.

Mon, 13 Apr 2020 18:55:29 GMT

Amazon plans extra 75K jobs amid surging order demand

Amazon.com is planning to hire 75K more staff, the company announced on Monday, amid surging demand for online orders due to the coronavirus outbreak in the United States.

Mon, 13 Apr 2020 17:47:47 GMT

Ford sees $600M quarterly loss amid coronavirus

On Monday, Ford Motor said it was expecting a $600M pre-tax loss for the Q1 after the coronavirus outbreak affected its sales and shut vehicle assembly factories, causing a 21% fall in car sales to dealers compared to the same quarter last year.

Mon, 13 Apr 2020 17:20:31 GMT

Kia Motors likely to halt three plants in South Korea

Kia Motors Corp is considering to suspend its operations at three South Korean plants as the COVID-19 virus crisis hit the carmaker's exports to the United States and Europe.

Mon, 13 Apr 2020 15:41:41 GMT

Siemens has no plans for job cuts over coronavirus

Siemens CEO Joe Kaser said the tech giant would not cut its workforce due to the economic downturn caused by the coronavirus outbreak, although some working measures could potentially be prolonged in Germany.

Mon, 13 Apr 2020 15:37:07 GMT

Global footwear group halts operations in Vietnam

Pou Chen Corp, the world's biggest manufacturer of branded footwear for such giants as Nike and Adidas, has suspended its production at the Vietnam plant over COVID-19 concerns, the Vietnamese state media announced on Monday.

Mon, 13 Apr 2020 14:39:49 GMT

Amazon halts new online grocery customers

Amazon has suspended accepting new online grocery customers at some of its Whole Foods stores due to a surging demand during the coronavirus crisis.

Mon, 13 Apr 2020 13:18:09 GMT

Goldman still expects crude prices tumbling

Goldman Sachs is still expecting oil prices falling in the following weeks, saying that an OPEC+ deal to trim output is unlikely to ease hit on demand caused by the coronavirus outbreak.

Mon, 13 Apr 2020 12:31:40 GMT

PBOC lifts its stake in India's HDFC

The People's Bank of China has raised its stake in India's Housing Development Finance from 0.8% to 1.01%, sending the Indian lender's shares up 3.5% on the news.

Mon, 13 Apr 2020 10:44:40 GMT

Asian Development Bank increases stimulus

On Monday, the Asian Development Bank revealed that it would triple its stimulus package to $20 billion.

Mon, 13 Apr 2020 09:53:47 GMT

Oil prices recover

During early Monday's trading hours, crude oil prices surged in value, as OPEC+ made a deal to cut production output.

Mon, 13 Apr 2020 09:12:01 GMT

UK comments on economy

On Monday, the government of the United Kingdom stated the economy of the UK could shrink by up to 30%.

Mon, 13 Apr 2020 07:50:59 GMT

Crude oil prices surge after output cuts

Crude oil prices edged higher on Monday after OPEC+ agreed to cut global supply by 9.7 million barrels per day in May and June.

Mon, 13 Apr 2020 07:01:33 GMT

Smithfield Foods to close US port plant

On Sunday, Smithfield Foods announced that it would shut down a pork processing factory in the United States until further notice due to the coronavirus crisis.

Mon, 13 Apr 2020 06:06:38 GMT

Saudi Arabia to prolong nationwide lockdown

On Sunday, the Saudi Arabian government extended the nationwide lockdown indefinitely due to the COVID-19 pandemic.

Mon, 13 Apr 2020 05:00:54 GMT

China tightens controls on Russia border

The Chinese government announced on Sunday that it has tightened its border controls with Russia, as China reported record-high new cases of imported COVID-19.

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