In a significant development, the Securities and Exchange Commission has voted to relax internal audit controls measures that were first introduced at smaller publicly listed companies in 2002, following a string of accounting scandals including one at Enron Corp. The… Read More ›
On Friday, in a statement SoftBank Group Corp stated, it will be buying up to 7% of its shares for as much as $4.77 billion (500 billion yen). The buyback program, which will commence from Monday will continue over a… Read More ›
Travel related insurance cover for future coronavirus claims has been withdrawn by three more travel insurers – Aviva, InsureandGo and the Post Office, following a similar measure earlier by LV=. Late on Wednesday night, an announcement that sale of all… Read More ›
While not making any change on the interest rates, the European Central Bank has announced a set of fresh stimulus measures to help the European Union to tackle the economic fall out of the spread of the coronavirus – now… Read More ›
With WHO finally classifying China’s coronavirus as pandemic, U.S. Senate Finance Committee Chairman Chuck Grassley stated, a payroll tax cut was among the options being tabled to offset the economic impact of the coronavirus. “If you’re going to negotiate in… Read More ›
The U.S. Administration is “looking at” investments made by the California Public Employees’ Retirement System (CalPERS) in Chinese military companies, said U.S. national security adviser Robert O’Brien. O’Brien’s comments come midst U.S. charges of massive Chinese espionage in the United… Read More ›
According to a report by the Wall Street Journal, activist investor Carl Icahn has increased his stake in Occidental Petroleum Corp to nearly 10% as he scales up his fight to take control over the oil producer. As of the… Read More ›
The United Kingdom government has just announced a package worth billions of pounds to cushion the economic fallout on its economy and businesses because of the spread of the coronavirus. This announcement was made by the country’s finance minister on… Read More ›
Unless strong economic support was provided by the governments of the various member countries in the European Union, Europe as a region will plunge into an economic downturn similar to the 2008 financial meltdown because of the economic fall out… Read More ›
About 58 million German residents – which is about 70 per cent of the population of Germany could contact the coronavirus, warned German Chancellor Angela Merkel. This warning was issued by her during a news conference on Wednesday which she… Read More ›
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