One of the latest casualties of among large companies that have been hit by the coronaviurs outbreak in China as well as its fast spread in other parts of the world is the Spanish company Denso Corp and Fujitsu Ltd…. Read More ›
Day: February 27, 2020
35 Percent Growth In Q4 Revenues Reported By Salesforce
The United States based leading cloud-based software company Salesforce reported a 35 per cent growth in its quarterly revenues for the fourth quarter of last year at $4.85 billion. Revenue from sale for the customer relationship management service provider was… Read More ›
Virus Outbreak In China Could Impact Indian Drugmakers Which Can Impact Globally
The coronavirus outbreak in China could cause a potential disruption for drug makers in India and experts say that if that happens, the impact well be felt globally. The virus outbreak in China threatens to disrupt the supply of raw… Read More ›
Moody’s Slashes Its Forecast For Global Vehicles Sale For 2020 Due To Coronavirus
Even as a number of global car makers have issued warnings of profit for the current year being hit because of the coronavirus outbreak in China and elsewhere, its global vehicle sales forecast for the current year has also been… Read More ›
Equivalence for financial services not part of Brexit negotiations: EU
In a statement, the European Commission stated, Brexit negotiations with Britain will not include British financial firms gaining access to the EU market. The clarification comes in the wake of Britain stating it wants a “legally binding” framework to access… Read More ›
EU mulling measures to support sectors adversely hit by coronavirus: EU Commissioner
On Thursday, the European Union commissioner stated, the bloc was weighing options which includes measures to support those sectors which have been adversely hit by China’s coronavirus; it would however need more time to assess its precise economic impact. “It… Read More ›
Bank of America slashes global economic growth to lowest since 2009 financial crisis
On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›
Pandemic fears spreads, markets shed $3 trillion
On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›
JPMorgan Chase & Co names Filippo Gori as its new Asia Pacific CEO
On Thursday, JPMorgan Chase & Co named veteran Filippo Gori as its new Asia Pacific CEO; he will oversee strategy and operations across seventeen markets in the region. Gori, who has stuck with the bank for the last twenty years,… Read More ›
