June 10, 2020

OECD sees deepest peace-time slump in a century

The global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted recession, the OECD said on Wednesday. […]
June 10, 2020

Germany should make provisions to ensure banks have sufficient capital: OECD

Germany should make provisions to ensure banks have sufficient capital in case of a wave of bankruptcies in Europe’s largest economy caused by the coronavirus crisis, […]
June 10, 2020

Pompeo chides HSBC for ‘corporate kowtow’ to Beijing

U.S. Secretary of State Mike Pompeo on Tuesday chided British bank HSBC for backing moves by China to end Hong Kong’s autonomy, saying such “corporate kowtows” […]
June 10, 2020

Dollar treads water as traders wait for Fed policy meeting

The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond […]
June 10, 2020

Japan’s Fujifilm to spend $928 million to double capacity of Danish drug facility

Fujifilm Holdings Corp will spend $928 million to double capacity at a drug manufacturing facility in Denmark, which it has pledged to use in producing COVID-19 […]
June 10, 2020

Oil drops after U.S. inventory build renews oversupply concerns

Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply and […]
June 10, 2020

Oil drops after U.S. inventory build renews oversupply concerns

Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply and […]
June 10, 2020

DoubleLine’s Gundlach bearish on U.S. dollar, says stocks ‘lofty’

The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the billionaire chief executive […]
June 10, 2020

Cathay Pacific plans to repay Hong Kong government over three to five years

Cathay Pacific Airways Ltd said it expects to repay the Hong Kong government for HK$19.5 billion ($2.52 billion) of preference shares over a three to five […]
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