Company news

UK consumer confidence hits lowest level due to coronavirus: GfK

British consumer confidence declined the sharpest, hitting its largest drop in more than 45 years, the GfK survey showed on Monday. The pessimism was brought by the worldwide economic shutdown aimed at combating the further spread of the deadly ...
06.04.2020

Novel coronavirus drags India’s services sector down

India’s most advanced sector, the service sector that provides job opportunities and heavily contributes to economic growth, declined in March. Such inactivity was brought by insufficiency in export demand and new business due to the ...
06.04.2020

Southwest Airlines will cut 40% of its flights in May amid virus outbreak

Southwest Airlines Co (LUV.N) will cut 40% of its flights from May 3 to June 5, the carrier said on Monday. The U.S. airline will send 2,000 flights every day, a slash of 1,700 from its usual number, due to the decrease in travel demand amid ...
06.04.2020

JPMorgan responds to racism allegations

JPMorgan Chase & Co (JPM.N) will modify its customer complaint system on Tuesday and process how employees choose eligible clients for particular banking services. There were racial discrimination claims in the bank against black customers ...
06.04.2020

Asian firms rush to refinance $69 billion debt due for second quarter

Companies in Asia, including Japan and China are rushing to raise a record $69.3 billion in a bid to refinance debts in the second quarter, according to a Refinitiv report. The U.S. Dollar corporate debt which is due to mature in the region ...
06.04.2020

UK car sales plummet by 40% amid coronavirus pandemic

Car sales in the United Kingdom saw an annual decline of 40% for March, according to preliminary data released on Monday from the Society for Motor Manufacturers and Traders (SMMT). The drop in sales comes as the COVID-19 pandemic continues ...
06.04.2020

Oil slides after Saudi-Russia delays meeting

Oil prices slid on Monday after talks between Saudi Arabia and Russia were postponed, while stocks rose the spread of the coronavirus began to slow down. Brent crude saw a 3-dollar drop in early Asian trade after the meeting set to discuss ...
06.04.2020

Pound falls after PM Johnson hospitalized over relentless COVID-19 symptoms

The British pound fell against the euro and dollar on Monday after Prime Minister Boris Johnson was hospitalized due to relentless symptoms of COVID-19. The yen fell against the dollar after news that Japanese Prime Minister Shinzo Abe may ...
06.04.2020

Pound to recover losses against dollar but analyst estimates slashed

The British pound will have recovered its losses against the dollar in a year. However, analyst forecasts a month ago were cut as the coronavirus continues to create chaos.  The pound declined in recent weeks as concerns about the pandemic’s ...
03.04.2020

Gold Prices fall as U.S. reports record unemployment claims overnight

Gold prices fell on Asian markets on Friday after the U.S. released a report of rising unemployment claims. Gold Futures fell by 0.31% at $1,632 per ounce at 9:30 PM ET (2:30 AM GMT), losing gains from the previous trading session. The United ...
03.04.2020

Dollar advances as virus inflicts the economy further

SINGAPORE- The dollar is currently on track towards a 2% weekly increase on Friday. This followed after oil prices recovered and as investors resorted to safe havens amid the threat of economic contraction due to coronavirus contagion. The ...
03.04.2020

Healthcare stocks resist bearish market

NEW YORK- Healthcare stocks ran bull as coronavirus pandemic boosted demand in the U.S. healthcare sector, home to businesses and firms necessary to combat the deadly novel coronavirus disease. Pharmaceuticals Inc gained 24% while Gilead Sciences ...
03.04.2020

Asian stocks mixed after losing record gains from surging oil prices

Asian stock markets remained uncertain on Friday as it lost some of its record gains from a surge in oil prices in an earlier session. Japan’s Nikkei went up by a modest 0.32% by 10:33 PM ET (3:33 AM GMT) while South Korea’s KOSPI ...
03.04.2020

Dollar rises as oil prices close at record gains in previous session

The U.S. dollar rose slightly in Asia on Friday after crude oil prices surged by almost 25% in a previous session. The jump in oil prices came after U.S. President Donald Trump signalled on a potential truce between Saudi Arabia and Russia ...
03.04.2020

Recession is here: Fed officials say as unemployment claims spike in US

Fed officials said on Thursday that “recession is here” and the economy’s recovery relies on U.S. government aid and its effectiveness in combating the impact of millions of lost jobs. The Fed added that the duration of the ...
03.04.2020

Oil futures decline as Trump refuses to cut oil outputs

MELBOURNE- Oil prices inched down on Friday, erasing some gains it initially acquired from its last session. Poor market activity was mainly from the output reduction deal that U.S. President Donald Trump signed with Saudi Arabia and Russia. ...
03.04.2020

Oil hikes after Trump says Saudi, Russia likely to resolve price war

Crude oil futures gained almost 5% on Thursday after U.S. President Donald Trump stated that he anticipated an agreement will be reached by Saudi Arabia and Russia regarding their price war. Brent crude futures climbed 4%, or $1, at $25.74. ...
02.04.2020

Energy stocks shore up European shares as markets scramble amid crisis

European shares gained on Thursday, caused by a bounce in energy stocks as investors pin hope on a deal between Saudi Arabia and Russia regarding their oil price war. The pan-European STOXX 600 gained 0.3%. The energy sector .SXEP hiked 4.4%, ...
02.04.2020

China removes restrictions on car purchases to increase sales

In select regions, China had removed limitations placed on buying cars to render sales from the sector stable. Moreover, the country is expediting plans to herd old cars into retirement, China’s Ministry of Commerce had disclosed on Thursday. ...
02.04.2020

Disney+ will launch on OSN in UAE today

The Orbit Showtime Network has announced the launch of Walt Disney Co’s (DIS.N) Disney+ in the Middle East and North Africa. It will be accessible on pay television and streaming service provider starting on Thursday. OSN has revamped ...
02.04.2020
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