Switzerland’s central bank kept its expansionary monetary policy stance as it expects the economy to contract the most in over five decades and inflation to remain more negative than forecast earlier, this year due to the impact of the coronavirus, or Covid-19, and the lockdown restrictions imposed to slow the pandemic. The Swiss National Bank left the key interest rate […]
» Read moreSoftBank has nearly exited all investing as it fights for survival: Gasparino Sources tell FOX Business’ Charlie Gasparino SoftBank is looking to raise capital and will likely slash dividends. TOKYO — SoftBank Group Corp. Chief Executive Masayoshi Son said he would step down as a director of Chinese e-commerce giant Alibaba Group Holding Ltd., bringing to a close a decade […]
» Read moreThe IPO activity in the U.S. pharma/biotech sector has had a strong showing in the month of June, with 14 listings so far. Now, let’s take a look at the biotech IPOs scheduled for Friday, June 26, 2020. 1. Akouos Inc. Boston, Massachusetts-based Akouos is a precision genetic medicine company developing adeno-associated virus, or AAV delivered gene therapies for various […]
» Read moreJapan’s Topix index fell 1.3 per cent while Australia’s S&P/ASX 200 and South Korea’s Kospi each dropped 1.9 percent. Elsewhere, markets in Hong Kong and China were closed for a public holiday today.Wall Street’s S&P 500 finished 2.6 per cent lower in its worst performance in two weeks Futures tipped Wall Street’s S&P 500 to drop another 0.5 percent when […]
» Read moreAustralia’s flag carrier, Qantas, will sack 6,000 people and continue to stand down half its 30,000-strong workforce as it struggles to cope with the continuing shutdown of the airline sector amid the coronavirus crisis. Alan Joyce, the chief executive who has previously claimed the airline was in a much stronger financial position than its stricken rival, Virgin Australia, said the […]
» Read moreWelcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: The International Monetary Fund downgraded its outlook for the coronavirus-ravaged world economy, projecting a significantly deeper recession and slower recovery than it anticipated just two months ago The Covid-19 pandemic is now predicted to kill 180,000 Americans by October, adding to […]
» Read moreSome fund managers are increasingly basing investment decisions in part on how considerate companies are to their employees and clients during the coronavirus pandemic. Did firms move right away to let their staff work from home? Did they continue paying contract employees who had to stop working? Are they offering flexibility for clients who can’t pay bills on time? More […]
» Read moreTrump: Germany likely owes ‘close to $1T’ to NATO President Trump says the U.S. will likely move troops from Germany to Poland and that removing troops from Germany sends a strong message to Russia. President Donald Trump criticized “delinquent” NATO countries during an Oval Office press conference with the president of Poland on Wednesday, noting that Poland is one of […]
» Read moreFox Business Flash top headlines for June 24 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. The Russian space tech startup that had planned to use satellites as an “orbital billboard” to display constellation-like advertisements in the night sky says it has put that project on hold “after receiving many comments and a lot of […]
» Read moreGold prices edged lower on Wednesday, losing ground after three successive days of gains, weighed down by a stronger dollar. However, gold’s losses were not significantly sharp as global stocks tumbled amid a surge in new coronavirus cases across the world, and the International Monetary Fund’s bleak outlook for the global economy this year. The dollar index advanced to 97.16, […]
» Read more