Turkish currency hits all-time low amid recession bubbles 07-08-2020 As a number of emerging market economies' currencies had been devaluing sharply against their American peer despite a broad-based weakness in US Dollar, Turkish Lira had hit a record low on Thursday
German carrier Lufthansa forecasts 80% plunge in revenues, no recovery until 2024 07-08-2020 On Thursday, the German aviation industry titan Lufthansa had forecasted an 80 per cent plunge in annual revenues, while the carrier had also warned of a sustained weakness
BMW reports plunge in Q2 profits but sees rebounds in China 07-08-2020 German luxury carmaker BMW had reported a $250 million hit over the second quarter of the year, but kept full-year profit forecast unchanged citing an upbeat China demand
Economic bellwether copper gains on demand hopes, sliding inventories 07-08-2020 Copper futures alongside a number of widely used industrial metal jumped on Wednesday, mostly boosted up over hopes of glowing global demands and a slide in inventories
Omaha’ Berkshire buys $2.07bn BofA shares over past 3 weeks, has 11.9% stakes 07-08-2020 In a regulatory filing, Warren Buffet's Berkshire Hathaway said that it had spent over $2.07 billion in less than past three weeks on BofA common stocks
New York’s Blackstone to takeover Ancestry.com at a $4.7 billion buyout deal 06-08-2020 Blackstone, the world's largest alternative asset management company said on Wednesday that it would purchase a family tree website offering genealogy to its clients at a $4.7bn buyout deal
Wall St. jumps on surprise gain in Disney quarterly earnings, stimulus hopes 06-08-2020 On Wednesday, US stocks had wrapped up the day in an upbeat tenure, while benchmark S&P 500 has been less than 2 per cent below its all-time closing high reached on February 19
Gold treads further above $2,000 in record-setting rally as Dollar softens 06-08-2020 Gold futures' prices rose further above $2,000 an ounce on Tuesday, while the American Dollar appears to have hit a stumbling block
Sony’s quarterly profit soars as video games revenues rise amid pandemic lockdown 06-08-2020 Sony Corp. said on Tuesday that the Japanese tech conglomerate's quarterly profit had surged as much as 53 per cent over the second quarter of the year
Argentina strikes $65 billion sovereign debt deal, averts hard default 06-08-2020 Argentine Economy Minister Martin Guzman said in a late-evening press conference on Tuesday that the LATAM country had struck a restructuring deal with a majority of its creditors for around $65 billion sovereign debt
US service sector activities hit 17-month peak in July 05-08-2020 ISM (Institute of Supply Management) index for US service sector activities had spiked to a 17-month peak last month
Wall St. closes higher after choppy session as investors eye pandemic stimulus 05-08-2020 On Tuesday, all three key indices of Wall St. had managed to wind down a choppy session higher following robust gains from the energy stocks
Cautious European shares ends flat as BP gains offset earnings’ drag 05-08-2020 On Tuesday, a raft of major European stock indices had rounded off the day mostly flat, though Italy's MIB FTSE alongisde Mardid's benchmark IBEX 35 registered larger gains in after-market trading
Asia’s factory pain continues to ease as China activity climbs 05-08-2020 As a shimmering beacon of hope for the pandemic-struck Asian economy, China's factory activity PMI had posted its third consecutive month of gains
Eurozone factory activity expands for the first time in 1-1/2 years in July 04-08-2020 On Monday, eurozone Markit's final manufacturing PMI data had revealed a growth for the region's factory activity for the first time since January 2019
South African telecom operator Telkom moves into financial services 04-08-2020 Later last week, S. African telecom operator Telkom SA said that it would tap into financial services by launching a funeral insurance business
HSBC cautions bad loan could hit $13 billion, posts 65% plunge in H1 profit 04-08-2020 Earlier on Monday, the London-headquartered British multinational lender HSBC had warned that its bad debts could surge past $13 billion this year
Kenya Airways resumes international flights as pandemic curbs lifted 04-08-2020 On Saturday, Kenya Airways, the Kenyan flagship carrier had resumed operation following a four-month long halt in operation
Petroperu resumes pipeline operations after three-month long pandemic-driven halt 04-08-2020 On Saturday, Petroperu said in a statement that the Peruvian state backed oil behemoth would resume its pipeline operation this week after a three-month pandemic driven halt
American Dollar gains after worst month in a decade as investors leave short position 03-08-2020 On Monday, the American Dollar Index had sharply rebounded following its steepest monthly plunge in a decade
Californian iPhone maker Apple removes thousands of game app from store 03-08-2020 On Saturday, data from Qimai had revealed that the iPhone maker Apple Inc. had removed over 26,000 Chinese apps from its app store since end-June
TikTok parent ByteDance agrees to divest US operation 03-08-2020 China's small video sharing app TikTok parent ByteDance had agreed to divest its UK operation, a Fox Business news had unveiled late on Sunday
Two thirds of UK firms “fully operational” after pandemic shutdown, says CBI survey 03-08-2020 A CBI survey had revealed on Sunday that around two-thirds of UK businesses had been operational as of mid-July
New York’s Fitch lowers United States’ “triple A” credit rating outlook to negative 03-08-2020 On Friday, global credit rating agency Fitch had lowered United States' credit rating outlook to "negative" from prior "stable" citing a soaring budget deficit
Washington’s Microsoft in advanced talk to purchase TikTok’s US business 03-08-2020 A New York Times report had revealed on Saturday that Microsoft Corp. had been in an advanced stage talk to purchase the Chinese small video sharing app TikTok's US operation
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