India’s Central Bank Makes Surprise Emergency Interest Rate Cut As It Projects GDP Contraction
The central bank has now cut rates twice since March.
Were The April Parliamentary Elections In South Korea Rigged And Fraudulent?
The DPK’s historic, landslide victory in the elections raised suspicions of fraud
Friday’s Stock Market Open: US Equities Fall On Mounting U.S.-Chinese Tensions
U.S. stocks dropped on Friday as relations between Washington and Beijing worsened.
Thursday’s Stock Market Close: US Equities Slip On More Gloomy Economic Data, US-China Tensions
U.S. stocks dropped on Thursday as tensions between Washington and Beijing increased.
Cyclone Amphan Devastates Parts Of West Bengal, India, Coastal Bangladesh
Modi has vowed to assist people living in affected areas,
Lufthansa Nearing $10 Billion Bailout That Would Give German Government 20% Stake
Lufthansa is burning through $880 million each month
Thursday’s Stock Market Open: US Equities Fall As Another 2.4 Million File For Unemployment
U.S. stocks dropped on Thursday on more grim economic data.
Wednesday’s Stock Market Close: US Equities Jump On Hopes For Reopened Businesses, Strong Retail Sales
U.S. stocks rose on Wednesday as Lowe’s and Target posted strong first quarter performance.
Super Cyclone Amphan Slams Into Eastern India, Bangladesh, Refugees In Cox's Bazar Imperiled
Millions of people have been evacuated from coastal areas.
UK Sells Long-Term Bonds With Negative Yield For First Time In History As BoE Mulls Below-Zero Rates
Speculation is growing that the Bank of England will push interest rates below zero.
Why Does China Have A Huge Military Base In Djibouti On The Horn Of Africa?
The Djibouti base is strategically located near the Red Sea.
Indian Ride Hailing Firm Ola Slashes 1,400 Jobs As Pandemic Decimates Demand, Postponed Plans To Expand To London
Ola operates in some 160 cities across India, but the coronavirus pandemic led to 1,400 layoffs Wednesday and forced it to postpone expansion plans.
Wednesday’s Stock Market Open: US Equities Jump On Strong Retailer Numbers
U.S. stocks rose on Wednesday as Lowe’s posted strong first quarter performance
Tuesday’s Stock Market Close: US Equities Fall As Housing Starts Plunge, Boston Fed Chief Warns Of 20% Jobless Rate
U.S. stocks fell on Tuesday on poor housing data.
Amid Covid-19 Pandemic, Eastern India, Bangladesh Brace For Deadly Cyclone Amphan
The cyclone is expected to make landfall on Wednesday.
China Strikes Back At U.S. Sanctions On Huawei Technologies, Warns Of Repercussions
Huawei is the world’s largest supplier of telecom network equipment
Nasdaq’s Proposed New Listing Rules May Block Some Chinese Firms From Exchange
The rules are directed at foreign companies with substandard accounting practices
Merkel, Macron Propose $545 Billion EU Recovery Fund, But Some Members Balk At Sharing Debt Burden
The funds would be issued as grants, not loans
Tuesday’s Stock Market Open: US Equities Slip As Housing Starts Plunge, Home Depot Profit Drops
U.S. stocks fell on Tuesday on poor homebuilding data.
Monday’s Stock Market Close: US Equities Surge On Hopes For Promising Coronavirus Vaccine, Yields Jump
U.S. stocks rose on Monday after some moderately bullish comments from Fed chief Powell.
Saudi Arabia’s Weapons Buying Spree May Be Curtailed By Kingdom’s Financial Crisis
Saudi Arabia has purchased billions of dollars in arms for its war in Yemen.
Waiting For Trudeau: Air Canada To Slash Up To 60% Of Workforce As Demand Craters
Air Canada may cut at least 20,000 jobs.
Emirates Airlines May Slash 30,000 Jobs, Speed Up Retirement Of Superjumbo A380s
Emirates is the largest operator of Airbus A380s
Japan’s Export-Dependent Economy Falls Into Recession In First Quarter, Second Quarter May Be Worse
Japan is the third largest economy in the world.
Monday’s Stock Market Open: US Equities Surge In Rebound From Last Week, Powell Mildly Bullish On Economy, Oil Jumps
U.S. stocks rose on Monday after some moderately bullish comments from Fed chief
Friday’s Stock Market Close: US Equities Edge Higher In Volatile Trading Despite Grim Retail Sales Data
U.S. stocks rose moderately Friday despite grim economic data.
Hungarian Banks Seek Merger To Form Country’s Second Biggest Lender
The central bank has urged banks to merge and consolidate
Israel’s Flag Carrier El Al Airlines On Verge Of Collapse, Pleads For Government Bailout
El Al said a loan offer by the government has conditions it cannot meet.
Taiwan Semiconductor Seeks To Build $12 Billion Chip Plant In Arizona
The plant is expected to start operations in 2024.
Friday’s Stock Market Open: US Equities Drop As Retail Sales Plunged 16.4% In April, China Tensions Renewed
U.S. stocks fell on Friday on more grim economic data in the U.S. and renewed tensions with China.
