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ECONOMY

Turkish currency hits all-time low amid recession bubbles
07 Aug, 21:00
BUSINESS

German carrier Lufthansa forecasts 80% plunge in revenues, no recovery until 2024
BUSINESS

BMW reports plunge in Q2 profits but sees rebounds in China
INVESTMENT

Economic bellwether copper gains on demand hopes, sliding inventories
BUSINESS

Omaha’ Berkshire buys $2.07bn BofA shares over past 3 weeks, has 11.9% stakes
BUSINESS

New York’s Blackstone to takeover Ancestry.com at a $4.7 billion buyout deal
business
German carrier Lufthansa forecasts 80% plunge in revenues, no recovery until 2024
BMW reports plunge in Q2 profits but sees rebounds in China
Omaha’ Berkshire buys $2.07bn BofA shares over past 3 weeks, has 11.9% stakes
economy
Turkish currency hits all-time low amid recession bubbles
Argentina strikes $65 billion sovereign debt deal, averts hard default
US service sector activities hit 17-month peak in July
investment
Economic bellwether copper gains on demand hopes, sliding inventories
Cautious European shares ends flat as BP gains offset earnings’ drag
European shares post biggest intra-session drop in 4 weeks on US-China tension
cryptocurrency
3 charged including a 17-year-old Florida teen in massive Twitter hack, bitcoin scam
Bitcoin briefly breaches $10,000 technical handle for the first time since June
Twitter hackers leave bitcoin transaction trails as investigation begins
insurance
Chicago online insurance broker GoHealth prices IPO above target range
US insurers use hefty estimates to offload pandemic claims
FCC proposes $225mn fine on Texas insurance frauds for massive robocall campaign
credit cards
San Francisco’s Visa Inc. profits shrink as consumers lower spending amid pandemic
New York's American Express JV receives final nod to launch operation in China
French hotel chain Accor teams up with Visa under loyalty program
loans
South African banks mull how to avoid debt defaults when pandemic relief ends
Russian Central Bank cuts benchmark interest rate to a record low of 4.5 per cent
World’s poorest countries could save $12bn in debt relief in 2020- World Bank
savings
Gold treads further above $2,000 in record-setting rally as Dollar softens
Gold’s lustre grows as investors edge on uncertain times
Gold nears $1,900 an ounce on renewed US-China spat, equity market weakness
currencies
American Dollar gains after worst month in a decade as investors leave short position
King Dollar accelerates decline as bearing waves across the globe
American Dollar slumped to two-year lows as euro extends bullion braids
mortage
US new home sales jump 13.8% in June; business activities step up
Virginia’s Freddie Mac says US mortgage rates reach historic low below 3 per cent
US mortgage rate hits record low, purchase application at 11-year-peak
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