News

Note: This section contains information in English only.
Thu, 09 Apr 2020 06:01:54 GMT

Credit Suisse and UBS to partially suspend dividends payment

On Thursday, Credit Suisse and UBS said in statements that they have decided to partially postpone dividends payout for 2019 in the Q4 of 2020.

Thu, 09 Apr 2020 05:15:40 GMT

BMW to begin producing face masks

German carmaker BMW is set to start making face masks to help protect the company's own staff and the public against the coronavirus spread.

Thu, 09 Apr 2020 04:26:09 GMT

Starbucks expects 47% drop in Q2 earnings

Starbucks forecast a 47% decline in Q2 earnings and warned that the hit from the COVID-19 pandemic would extend into the end of the fiscal year 2020.

Thu, 09 Apr 2020 02:41:06 GMT

Google prohibits employees from Zoom usage

Alphabet Inc's Google banned video conferencing application Zoom from its employees' laptops due to security concerns.

Thu, 09 Apr 2020 02:35:30 GMT

Airbnb to restrict UK bookings

Airbnb is set to block bookings in the UK on the platform for the majority of customers, allowing just key workers to stay in properties during restrictions amid coronavirus.

Wed, 08 Apr 2020 19:46:26 GMT

Dow Jones CEO set to resign

Will Lewis, the CEO of News Corp owned Dow Jones, is set to step down from his position, Financial Times announced on Wednesday.

Wed, 08 Apr 2020 18:54:23 GMT

GM to supply 30K ventilators in $500M US contract

On Wednesday, the United States has awarded carmaker General Motors a contract worth $489.4M to produce ventilators necessary to treat the coronavirus patients who are in severe condition.

Wed, 08 Apr 2020 18:06:25 GMT

Zoom picks ex-Facebook security chief as adviser

Zoom Video Communications has hired Alex Stamos, the ex-Facebook security chief, as a new adviser to beef up the security and privacy of its fast-growing video-conferencing app.

Wed, 08 Apr 2020 17:52:48 GMT

Thai central bank to provide $27.48B to SMEs

Thailand's central bank plans to provide financial aid worth $27.48B to small and medium-sized businesses amid the coronavirus outbreak, the Governor Veerathai Santiprabhob says.

Wed, 08 Apr 2020 17:37:33 GMT

German GDP to contract in 2020

The German economy is likely to contract 4.2% in 2020 because of the coronavirus outbreak, a report published by the German Institute for Economic Research shows.

Wed, 08 Apr 2020 16:38:10 GMT

French economy contracts

The French economy contracted 6% in the first three months of 2020, the worst performance since 1945, a report published by the French central bank BdF shows.

Wed, 08 Apr 2020 15:31:54 GMT

Shanghai foreign capital inflows increase

Shanghai foreign capital inflows increased to $4.67B in the first quarter of 2020, an increase of 4.5% compared to the same period the prior year, the municipal government reports.

Wed, 08 Apr 2020 13:55:32 GMT

FCA considers to resume production in Italy

Fiat Chrysler is in talks with unions over a plan to restart the most profitable production in Italy, right after the government eases the national lockdown, they announced on Wednesday.

Wed, 08 Apr 2020 13:29:48 GMT

HSBC Australia reports possible money laundering breaches

HSBC reported itself to the Australian financial regulator for potential money laundering breaches, the bank reported in a regulatory filing on Wednesday.

Wed, 08 Apr 2020 12:39:14 GMT

H&M borrows €980M to shore up liquidity buffer

On Wednesday, the world's second-largest fashion retailer H&M announced it signed a €980M revolving credit facility, aiming to boost its liquidity buffer amid the coronavirus pandemic.

Wed, 08 Apr 2020 11:29:01 GMT

Oil remains near $32 before OPEC-led talks

On Wednesday, oil is holding near $32 a barrel, backed by hopes that the OPEC-led talks on Thursday will cause production cuts to boost prices, following their collapse amid the coronavirus outbreak.

Wed, 08 Apr 2020 10:05:56 GMT

German economy shrinks

On Wednesday, a German think tank revealed that in the second quarter of 2020 the German economy most likely shrank by 9.8%.

Wed, 08 Apr 2020 09:07:57 GMT

PSA Group builds fund for staff hit by virus outbreak

France's PSA Group is set to create a solidarity fund, seeking to help its staff affected by plant shutdowns due to the coronavirus outbreak, as well as introduce new measures to protect its workers' health.

Wed, 08 Apr 2020 06:47:13 GMT

France's Q1 GDP likely contracted 6%

On Wednesday, France's central bank said it estimated the Q1 GDP shrunk 6% from the prior quarter due to a global lockdown caused by the coronavirus outbreak, which hit the economy's vast swathes.

Wed, 08 Apr 2020 06:36:16 GMT

UK's ASOS attracts £247M in placing

ASOS, Britain's online fashion retailer, raised £247M through a placing, aiming to boost its finances amid a possibility of an extended business downturn caused by the coronavirus outbreak.

Wed, 08 Apr 2020 05:01:29 GMT

Norway to relax restrictions "little by little"

Norway would ease the coronavirus lockdown little by little, Norway's Prime Minister Erna Solberg said on Tuesday.

Wed, 08 Apr 2020 03:58:46 GMT

AT&T announces $5.5 billion loan

On Tuesday, the US telecoms and media giant AT&T announced a new $5.5 billion long-term loan agreement with 12 banks to provide additional financial flexibility.

Wed, 08 Apr 2020 02:51:48 GMT

US issues final rules for airlines receiving government grants

On Tuesday, the US Department of Transportation announced the minimum service rules for passenger airlines getting assistance from the US government.

Wed, 08 Apr 2020 01:49:55 GMT

US lawmakers urge Mnuchin to fix small business loan program

On Tuesday, several Democrats in the US Congress urged the Treasury Secretary Steven Mnuchin and the Administrator of the SBA Jovita Carranza to fix the government's small business relief program.

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