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French economy rebounds faster-than-anticipated, says Central Bank
On Sunday, in an interview with the LCI Television, the Governor of the French Central Bank said that the bloc's second-largest economy had been rebounding faster-than-anticipated
Sourav D
Reporter
Sourav has been a finance enthusiast since early-teens who later became a dedicated author, editor and publisher for several publications, magazines and newspapers working in the field more than a decade despite being a doctor.
He graduated in medicine and surgery in 2015 and has currently been pursuing his passions on finances & economics alongside engaged with organizations to generate solid hits through web based technologies apart from working as a physician. '
Siemens forecasts up to 20% drop in business in April-June quarter
On Friday, the German engineering industry conglomerate Siemens CFO Ralf Thomas said that the company was expecting a drop of 20 per cent in business activities during the quarter that ended on June 30
Zimbabwe’s Landela Mining to purchase four state-owned gold mines
Chief Executive of Zimbabwe's Landela Mining said on Friday that the company had reached an accord with the Govt. to purchase four state-owned gold mines
European stocks slip as surge in pandemic cases cast glooms on rebound hopes
On Friday, a gauge of European stock indices had rounded off the day sharply lower with London leading the losses in the region
Canada’s Cineplex to sue British Cineworld Group, seeks damage for scrapped deal
Canadian movie theatre operator Cineplex Plc. said in a statement on Friday that it would sue the Cineworld Group claiming liabilities over a $1.65bn scrapped takeover deal
Ukraine Central Bank Chief quits, calls resignation a protest agin political pressure
On Friday, Chief of the Ukrainian National Bank (The Central Bank of Ukraine) had resigned over potential conflict of interests with the lawmakers in Kiev
Trump approves five-week extension for small business pandemic loan application
On Saturday, the US President Donald Trump had signed off a law that in effect would extend the small business pandemic loan application deadline until August the 8th
Fiat, PSA stick to €50 billion merger deal after dividend cut report
On Friday, FCA and PSA had dismissed an earlier media report that said the Italian-American carmaker was seeking to amend the merger deal in a bid to deter a €5.5 billion in dividend payoffs
MasMovil buyers secure first corporate leveraged loan since pandemic crisis
The consortium behind the disputed acquisition of MasMovil had secured a €2 billion in leveraged debt, a document seen by a press agency had unveiled on Friday
Canada’s biggest banks join 30-day Facebook ad boycott campaign
On Friday, a number of Canadian lenders including the Northern American nation's largest bank had joined the 30-day Facebook ad boycott campaign over hate speeches
Crude oil collapses on pandemic fear, but registers weekly percentage gain
On Friday, both US and UK crude futures' prices had faltered after gaining as much as 2 per cent a day earlier over upbeat US job data alongside a drop in US crude inventory
ByteDance’s TikTok distances from Beijing after India app ban
TikTok CEO said in a letter sent to the Indian Govt. dated back to June 28 that the Chinese social media platform had distanced itself from Beijing
California’s Tesla to make molecule printers for German pandemic vaccine developer
Global automotive industry leader Tesla Inc. boss Elon Musk said in a tweet on Wednesday night that the CA-based e-vehicle maker would develop molecule printers for a German vaccine developer CureVac
Facebook, Twitter, YouTube to face EU legislation on hate speech as broadcasters
EU Commission said in a statement on Thursday that the social media tycoons would be treated as broadcasters of the contents posted on their platforms
Wall St. closes higher after biggest leapfrog in non-farm payrolls on record
Wall St. winded down the Thursday market broadly higher after the US Labour Department had revealed that the US economy had added a record 4.8 million jobs last month
Facebook hit with complaint alleging widespread bias against black workers
A Black American Facebook employee had filed a lawsuit against Facebook Inc. later on Thursday claiming diversity and civil rights in the work-spaces
US job growth guffaws as non-farm payroll reports record surge in June
The US Labour Department said in a statement earlier on Thursday that the US economy had added a record 4.8 million jobs in June
California’s Apple to reclose more stores in seven US states, bringing total to 77
Apple Inc., the largest taxpayer in the United States had told in a statement on Wednesday that it was going to re-close more stores in seven US states
Ohio retailer Macy’s posts $4bn in quarterly losses, doesn’t expect another shutdown
Macy's Inc., the century-old American brick-and-mortar store chain had reported a staggering loss of $3.58 billion at its fiscal first quarter of the year that ended on May 2nd
Menlo Park’s Facebook frustrates advertisers as 30-day ad boycott begins
On Wednesday, over 400 advertisers including Coca-cola and Starbucks had started off a 30-day-long ad boycott campaign on Facebook's social networking platform over hate speech issue
Millburn’s Dun & Bradstreet mushrooms 14% in US market debut
A day after raising $1.7 billion in an upsized IPO, the New Jersey-based business analytics firm Dun & Bradstreet rocketed as much as 14 per cent at its NYSE debut
Californian e-vehicle trailblazer Tesla becomes most valuable global automaker
Tesla Inc., the American e-vehicle industry spearhead's market cap had stormed past the former front-runner Toyota Motors Corp. on Wednesday
Washington-based IMF says Gulf economies to shrink by 7.6% this year
An IMF official said on earlier on Tuesday that the six economies of GCC (Gulf Cooperation Council) including the OPEC-kingpin Saudi would face a shrinkage of 7.6 per cent this year
Mexico loses 12 million jobs in pandemic mayhem, workers in informal sectors grow
Mexico's National Statistics Agency, INEGI said in a statement late on Tuesday that the second-largest LATAM economy had shed 12 million jobs since mid-March
US Dollar share of reserves up in Q1, 2020 amid pandemic-led stagnation: IMF
On Tuesday, data released from the International Monetary Fund had revealed that the US Dollar share of reserves shot up over the first quarter of 2020
Tennessee parcel carrier FedEx shares jump 9% as quarterly earnings beat estimates
Shares' prices of Memphis-based courier service provider FedEx Corp. jumped as much as 9.5 per cent on Tuesday's after-market trading following reveal of its quarterly earnings report
Wall St. surges as S&P 500 scores best quarter since 1998
Wall St. had ended down Tuesday's market sharply higher with S&P 500 clocking its biggest quarterly percentage gain since 1998
European shares end lower, but record best quarter since March 2015
European shares rounded off the Tuesday's market mostly lower, but recorded their best quarterly percentage gains since March 2015
New York’s Consumer Board says US consumer confidence rebounds in June
On Tuesday, the NY-based Consumer Board survey had revealed that the US Consumer Confidence had perked up in June
Airbus SE to shed 15,000 employees, says future at stake
On Tuesday, the world's largest planemaker, Airbus SE said in a statement that it was planning to shed as many as 15,000 employees in the bloc