On Wednesday, the French government hiked the expected cost of measures required to support the economy though the coronavirus crisis to $120.6 billion (110 billion euros), said French finance minister Bruno Le Maire. “We are going to go from 45… Read More ›
Facebook is facing yet another lawsuit over its political advertisement policy on its platform. Washington state’s attorney general has filed a second lawsuit against Facebook Inc over political ads saying the social media giant has once again failed to make… Read More ›
In a statement, General Motors Co said, by the end of April it will start producing 1.5 million face masks a month at its Mexican factory, located in the city of Toluca and will aim to produce 9 million masks… Read More ›
On Wednesday, China’s aviation regulator reported, Chinese airlines have reported a total loss of $4.8 billion (33.62 billion yuan) during the first quarter with the coronavirus pandemic having a deep impact on travel demand. In February，Chinese airlines suffered a record… Read More ›
According to veteran emerging markets investor Mark Mobius, global financial markets have probably not yet hit the “absolute bottom”. Therefore Mobius called on investors to keep enough cash at hand so that they can purchase stocks when the market goes… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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