Chinese authorities are giving out cash to consumers in the country to prop up sale of new cars in the country to try and stage a turnaround in the auto sector of the largest auto market of the world which… Read More ›
Month: April 2020
Disney enters into $5 billion credit agreement
In a statement, Walt Disney Co stated, it has entered into an unsecured credit agreement for $5 billion. The deal comes at a time when companies across industries are scrambling to bolster their liquidity to cope with the fallout of… Read More ›
China’s trade surplus with U.S. narrowed to $15.32 billion in March
On Tuesday, according to China’s customs data, trade surplus with the United States has narrowed to $15.32 billion at the end of March. In comparison, during the January to February period, China’s trade surplus with the United States stood at… Read More ›
Japan extends March 31 financial year end reporting to Sept. 30
On Tuesday, in a statement Japan’s Finance Minister Taro Aso stated, Tokyo has decided that it will allow companies to extend the deadline for submission of securities and financial reports until the end of September. The decision comes midst difficulties… Read More ›
Q1 of 2020 saw China import $5.05 billion of U.S. agricultural produce
According to customs data, in the first three months of this year, China imported U.S. farm goods worth $5.05 billion (35.56 billion yuan), up by 110% from last year. Under the phase 1 trade deal, China has committed to purchasing… Read More ›
Economic Growth To Slump In South Asia Due To Pandemic: World Bank
The World Bank has warned that the worst economic performance in more than 40 years is likely to be seen by the countries of South Asia in the face of the novel coronavirus pandemic bringing economies to a standstill. This… Read More ›
Deepest Ever Oil Production Cuts By OPEC+ To Shore Up Prices
The oil producing cartel Opec, Russia and even the United States have joined hands to announce a record cut in output of oil and supply to the global market in order to prop up prices in the international market even… Read More ›
Crude oil prices are likely to keep falling despite historic OPEC+ deal: Goldman Sachs
In a statement Goldman Sachs said, in the coming weeks, it sees oil prices continuing their downward fall and that the “historic yet insufficient” deal by major oil producers to trim output is unlikely to offset the coronavirus-led demand rout…. Read More ›
South Korea to ship 600,000 COVID-19 test kits to the U.S. on Tuesday
On Monday, an official from South Korea stated, Seoul plans on sending 600,000 coronavirus testing kits to the United States on Tuesday following a request for the same from U.S. President Donald Trump. Trump made the request for testing kits… Read More ›
Smithfield Foods, biggest U.S. pork processor indefinitely shuts down Sioux Falls, South Dakota, plant due to coronavirus pandemic
Smithfield Foods, the world’s biggest pork processor stated, it will shutdown a U.S. plant indefinitely following a hike in the number of coronavirus cases among employees. It also warned that the country is moving “perilously close to the edge” in… Read More ›
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