Tag: businessNews
S&P 500, Dow dip on rising virus cases, elevated jobless claims
The S&P 500 and Dow retreated on Thursday as an uptick in coronavirus infections in parts of the United States threatened to upend bets...
Swiss National Bank says expansive policy needed to tackle coronavirus downturn
The Swiss National Bank renewed its commitment to an ultra-expansive monetary policy on Thursday, saying its unconventional measures will help Switzerland deal with its...
Gold flat as dollar strength checks concerns over virus case spike
Gold prices were steady on Thursday, with the metal caught between a strengthening U.S. dollar and a pullback in global equities, as worries over...
Walmart's Mexico unit rolls out mobile phone service
Walmart's Mexican unit has launched a mobile phone service available throughout the country, the retailer said on Wednesday.
Chinese property billionaire gets 5 years' jail for child molestation
The controlling shareholder and former chairman of Seazen Group, one of China's largest property developers, was sentenced on Wednesday to five years in prison...
HSBC revives 35,000 job cut plan after pandemic pause
HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the coronavirus outbreak, as Europe's biggest bank grapples with...
Asian business sentiment plunges to record low on virus effect –...
Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the...
Steroid drug hailed as 'breakthrough' for seriously ill COVID-19 patients
A cheap and widely used steroid called dexamethasone has become the first drug shown to be able to save the lives of COVID-19 patients...
Appeals court sides with exchanges in U.S. SEC fee row
A U.S. appeals court ruled on Tuesday that the Securities and Exchange Commission cannot force stock exchanges to conduct a costly experiment to see...
Global Markets: Stimulus splurge restarts stocks rally
The global stocks rally got back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping to...