News

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Wed, 24 Jun 2020 01:34:04 GMT

Trump suspends H-1B visa

The US President Donald Trump has suspended the entry of some foreign workers on H-1B visa into the United States.

Tue, 23 Jun 2020 20:02:54 GMT

WTO estimates 18.5% contraction in global trade

Global trade contracted 18.5% in the second quarter of the current year, compared to the same period the previous year, the World Trade Organization reports.

Tue, 23 Jun 2020 19:01:07 GMT

World Bank grants $500M loan to Morocco

The World Bank approved a loan of $500M to support reforms in Morocco, data published by the World Bank show.

Tue, 23 Jun 2020 18:05:27 GMT

Bank of Italy wants "well-constructed plan" to restart economy

Bank of Italy calls for a "well-constructed plan" to restart the economy, the Governor of the Bank of Italy Ignazio Visco says.

Tue, 23 Jun 2020 17:00:58 GMT

Brazilian economy to decline 6.5% in 2020

The Brazilian economy is expected to contract 6.5% in 2020, a statement published by the Central Bank of Brazil shows.

Tue, 23 Jun 2020 16:01:05 GMT

US economy to grow slower than expected

The US economy is expected to expand at a slower pace than previously expected, a senior US Federal Reserve official says.

Tue, 23 Jun 2020 15:04:05 GMT

Singapore inflation remains negative

Consumer prices in Singapore declined 0.8% in May, compared to the prior month, the Ministry of Trade and Industry and Monetary Authority of Singapore reports.

Tue, 23 Jun 2020 13:56:57 GMT

Luckin shares plunge on de-listing notice

The shares of China coffeehouse chain Luckin Coffee dropped 18% on repeated de-listing warning from NASDAQ, company to hold an urgent general meeting.

Tue, 23 Jun 2020 13:16:44 GMT

Oil steps up on US-China trade agreement

On Tuesday, the US President Donald Trump assured the trade deal between the US and China is unblemished, causing oil prices to rise near 2%.

Tue, 23 Jun 2020 12:37:01 GMT

Former CEO of Wirecard arrested

Markus Braun, the former CEO of troubled financial services giant Wirecard AG has been arrested on Tuesday on account falsification suspicions.

Tue, 23 Jun 2020 10:48:24 GMT

Hyundai Motor, LG Chem plan EV battery JV

LG Chem and Hyundai Motor Group are considering to form an electric vehicle battery joint venture based in Indonesia, while the production capacity and investment size have not been decided yet.

Tue, 23 Jun 2020 09:45:47 GMT

US home sales hit record low in May

The US home sales hit their nine and a half year low in May by plunging as much as 9.7% to seasonally adjusted 3.91M units, on the back of disruptions triggered by the coronavirus pandemic.

Tue, 23 Jun 2020 09:15:14 GMT

Palo Alto CFO leaves for Google

Palo Alto Networks announced that Kathy Bonanno, its Chief Financial Officer, is eager to step down from her position and will join Google's Cloud unit, adding the firm is planning to find a replacement as soon as this week.

Tue, 23 Jun 2020 07:40:58 GMT

NYSE negotiates with SEC

The New York Stock Exchange announced on Monday that it has sent in an amendment of change of IPO rules with the SEC.

Tue, 23 Jun 2020 07:30:47 GMT

Mexico cuts interest rates

On Monday, a Reuters poll revealed that the central bank of Mexico is highly likely to cuts its interest rates.

Tue, 23 Jun 2020 05:40:34 GMT

Apple produces own chips

Apple Inc announced on Monday that the company would produce its own Mac computer chips.

Tue, 23 Jun 2020 05:30:46 GMT

Microsoft closes services

On Monday, Microsoft announced that it would close its streaming service Mixer and tie up with Facebook Gaming.

Tue, 23 Jun 2020 04:30:47 GMT

US Dollar drops

At the end of the week's trading the US Dollar lost value against other currencies, as cash assets were exchanged for equity.

Tue, 23 Jun 2020 03:14:29 GMT

Oil prices jump

On Monday, crude oil price benchmarks surged by more than two percent.

Mon, 22 Jun 2020 20:44:39 GMT

Wall Street ends week with surge

On Monday, the Wall Street stock indices ended the week with a surge, which was led by tech stocks.

Mon, 22 Jun 2020 19:45:59 GMT

American Airlines to secure $3.5B in financing

American Airlines Group seeks to secure $3.5B in new financing with intention to boost the carrier's liquidity as it struggles with travel restrictions triggered by the COVID-19 pandemic.

Mon, 22 Jun 2020 18:41:34 GMT

Nokia plans layoffs at its French division

Nokia Oyj is planning to slash 1,233 job positions at its French arm Alcatel-Lucent International, which is the third of the division's workforce, Finland's telecoms equipment maker announced on Monday.

Mon, 22 Jun 2020 17:56:52 GMT

Delta to revive operations between US and China

Delta Air Lines is planning to resume its flight operations between the United States and China on June 25 after their suspension in February caused by the coronavirus outbreak.

Mon, 22 Jun 2020 17:01:03 GMT

Wall Street flat on virus cases growth

On Monday, the Dow Jones and S&P 500 indexes were flat due to the increased number of coronavirus cases, while technology stocks jumped for the seventh session.

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