Oil prices gained on Friday as Kuwaiti oil producers said they will slash output to compensate for low demand. Brent crude rose 2.8%, or 60 cents, at …
Yesterday’s rise in the price of Bitcoin was preceded by increased activity in the network. According to Glassnode, the number of active addresses rose to the figures …
A Reuter’s study reported on Friday that the pandemic-driven global economic downturn will record its sharpest fall this year. Meanwhile, a U-shaped economic recovery is also seen …
Starbucks and McDonald’s are among the 19 restaurants and retail stores that will be participating in testing the state cryptocurrency of China in the Hunan area. According …
Streaming service giant Netflix Inc (NFLX.O) will raise a $1 billion debt on Thursday to fund original shows and potential acquisitions. The American media-services provider and production …
On Wednesday, a leading financial industry trade group told regulators, “U.S. brokers should not be forced to sign an agreement that could make them liable for breaches …
Asian stock markets advanced on Thursday. The upbeat performance followed after crude prices recovered from underperformance and as the U.S. government pledged to provide more stimulus to …
The United Auto Works (UAW) said on Wednesday night that discussions with Detroit’s major automakers are still inching towards safely reopening U.S. production plants. Collectively known as …
Gold prices fell on Thursday in Asian markets after stocks rose on the back of recovering oil prices and hopes for additional fiscal stimuli. Gold futures lost …
A poll released on Thursday showed that the virus outbreaks heavily damaged Asian economies in April. The weak economic activity was brought by the implemented social-distancing measures …
The dollar rose against the currencies of oil producers on Thursday as a bounce in oil prices partly calmed investors amid a collapse in global demand. The …
Oil gained on Thursday as producers slashed production to compensate for weak demand. Brent crude rose 1.6%, or 33 cents, at $20.70 per barrel. U.S. West Texas …
The Central Bank of the Netherlands (DNB) has announced its readiness to develop a state cryptocurrency to diversify the payment market. According to a report published by …
Oil prices collapsed on its second day, with Brent dropping to a record low since 1999 as the market suffered from oversupply and persisting weaker demand. Brent …
Asian share markets plunged to two-week lows on Wednesday as crude oil prices collapsed. The market decline underscored the deep economic harm caused by the coronavirus crisis. …
In an internal memo seen by Reuters, American multinational investment bank, JPMorgan Chase & Co (JPM), informed its employees on Tuesday that it is creating a plan …
Singapore might see a deeper recession for 2020 after the city-state extended its partial lockdown, investment banking company Citigroup Inc warned on Tuesday. The nation’s GDP could …
South Korea President Moon Jae-in said on Wednesday said that the government has pledged to roll out a new supplementary budget as well as increase subsidies in …
After finalizing a deal with the U.S. government for a stimulus package, United Airlines Holdings Inc (UAL.O) will raise $1 billion by selling new shares to increase …
The U.S. Commodity Futures Trading Commission (CFTC) has licensed Bitnomial Exchange to operate as a futures exchange. Now, the company can offer futures and options contracts in …
U.S. President Donald Trump announced that his administration was considering halting crude oil shipments from Saudi Arabia to help the local drilling industry. At a daily news …
U.S. oil prices recovered its losses on Tuesday, while Brent slid as the coronavirus crisis furthers demand slump. U.S. WTI crude for May delivery rose $1.36, at …
According to CEO Randy Garutti and founder Danny Meyer, Shake Shack Inc (SHAK) will return all $10 Million it received from the U.S. government as a part …
Millions of people have lost their jobs between mid-March and early April as Australia faces economic contraction on Tuesday amid the virus outbreak. A lot of businesses …
South Korea’s economy was monitored to have diminished at its most rapid pace since 2008. The contraction could be attributed to the inactivity of the virus-beaten business …
Australia’s economy may contract significantly, according to the minutes of the meeting released by Australia’s central bank on Tuesday. The sharp economic reversal is expected to occur …
