European shares sap five-day rally as earnings’ reports underscore pandemic hits

16-04-2020
On Wednesday, the 15th of April 2020, a slew of European bourses had winded down the day deeper in to the reds, wrapping up a five-day long streak of gains

European shares post best weekly gain since 2011 over further EU stimulus

10-04-2020
On Thursday, a slew of European stock indices stretched their recent round of gaining streaks in to the fourth straight day, as investors’ sentiment appeared to be in a propped up position following signs that the pandemic had reached its peak in Europe

Wall St. fades late as oil pares earlier gains

08-04-2020
On Tuesday, the 7th of April 2020, all three key indices of Wall St. had reported marginal slide after gaining as much as 7 per cent on yesterday (April 6th) over hopes of a slowdown in the pandemic

European shares end lower, post weekly plunge amid dismal business activity data

04-04-2020
On Friday, the 3rd of April 2020, a slew of European stock exchanges had wrapped up the session lower and posted weekly plunges

European stocks eke out gains as a record oil rally plays down recession frets

03-04-2020
On Thursday, the 2nd of April 2020, a slew of European stock indices managed to wind up the day in the greens followed by an energy stocks-driven late-session rally

European shares slumped as EU cancels rescue plans, PM Johnson tests positive

28-03-2020
On Friday, the 27th of March 2020, a slew of European stock indices fell across the board after the Brussels lawmakers had botched to reach an agreement over a coronavirus rescue package

European shares extend winning streak, but post weekly decline

22-03-2020
On Friday, the 20th of March 2020, a slew of European shares had winded down the session marginally higher for the second straight day, however retreated from their session-highs on late-afternoon trading

Big-league US lenders to stall stock buyback up until June 30th

17-03-2020
Late on Sunday, the 15th of March 2020, an industry group composed of eight big-league Wall St. lenders had issued a statement saying that the leading US lenders would halt share repurchase program until at least June 30th

Global stocks jump on late Wall St. rally; crude oil shines

15-03-2020
Late on Friday, a gauge of global stock indices rebounded sharply following a late-rally in the Wall St. which had also witnessed Dow Jones’ biggest intra-session leapfrog since the ages of great financial depression in 2008

Stock Exchange operator CME to shut down Chicago trading floor

13-03-2020
CME Group Inc. said in a statement late on Wednesday, the 11th of March 2020, that the exchange operator would shut down its Chicago trading floor after business hours on Friday (March 13th)

Zambia to buy unofficially mined gold, seeks to validate unregulated mining

09-03-2020
On Friday, Zambia’s two-decade old mining company, ZCCM Investments Holdings, 77.7 per cent owned by the Zambian Government, had issued a statement saying that the Zambia’s investment wing had begun to purchase gold from unofficial traders

Lebanon sets stage for default, declares can’t pay off sovereign debts

08-03-2020
Lebanon had issued a statement saying that Beirut would not be able to meet a $1.2 billion Government debt or bond payments scheduled to be matured on March 9th, settling the stages for a potential default

Industrial metals gain on positive market response to Fed’s emergency rate-cut

05-03-2020
On Wednesday, the 4th of March 2020, a number of industry-grade metal futures’ prices including copper had snapped a coronavirus-led losing streak

Swiss Central Bank to double pay offs after whopping $50 billion in profit last year

03-03-2020
On Monday, the 2nd of March 2020, the Swiss National Bank (Switzerland’s Central Bank) had issued a statement saying that the borrower had recorded an annual profit of $50.71 billion or 48.9 billion Swiss Franc last year

Dubai Islamic Bank postpones Sukuk bonds amid coronavirus volatility

03-03-2020
Dubai Islamic Bank, the 45-year-old financial services provider headquartered in Dubai, had cancelled a planned issuance of its US Dollar denominated Sukuk bonds

Lion Air puts $500 million IPO on hold amid global equity market mayhem

01-03-2020
Lion Air Group have been exploring an option to postpone a planned IPO (Initial Public Offering) due to an en masse sell-off stampede in the global equity markets

US stock exchanges say prepared for virus outbreak as US reports first coronavirus pt

27-02-2020
On Wednesday, the 26th of February 2020, a slew of US stock exchanges said in separate statements that they had been closely monitoring the recent developments of coronavirus outbreak

Gold surges nearly 3%, wings its way to fresh 7-year-peak as pandemic fear sparks

25-02-2020
On Monday, the 24th of February 2020, the precious metal, gold futures’ prices had bolstered its safe-haven bid as the US Dollar greenback had faced off a flurry of controversial narratives

Coronavirus pandemic fears spur up new round of dollar buying, gold gains 1%

24-02-2020
On Monday, the 24th of February 2020, global-scale spread of Coronavirus outbreak had sent a shockwave in to the equity and FX market

China firms rush on to $10bn share sales as fundraising rules ease amid virus worries

24-02-2020
Over the week that ended on February 23rd, a number of mainland Shanghai-listed Chinese companies were rushing on to issuance of new shares as a part of their fundraising campaign

Gold holds firm above seven-year-peak as coronavirus impact stokes safe haven demand

20-02-2020
On Wednesday, the 19th of February 2020, the precious metal, spot gold futures’ prices had hit a seven-year peak of $1,610.80 an ounce before wrapping up the day 0.5 per cent higher to $1,611.80 per ounce

Buffet’s Berkshire buys Kroger & Biogen, lowers stakes in Wells Fargo, Goldman Sachs

16-02-2020
Late on Friday, Warren Buffet’s investment fund Berkshire Hathaway had issued a public statement saying that the company had seized a $549.1 million worth of stake in the largest US hypermarket chain operator, Kroger Co

Tesla Inc. seeks to capitalize on its meteoric stock surge with $2 billion share sale

15-02-2020
On Thursday, Tesla Inc. had issued a statement saying that the carmaker was exploring an option to raise as much as $2 billion through a stock offering

Vivendi plans Universal IPO by early-2023

14-02-2020
On Thursday, Vivendi SA, the Paris-based French mass media conglomerate, had issued a statement saying that the French mass media megalith had been brewing off an option to list its most valuable asset, Universal Music Group

E-cigarette maker Juul Labs hooks $700 million in convertible debt from investors

07-02-2020
San Francisco-based e-cigarette manufacturer and a vaping industry giant, Juul Labs Inc.