The benchmark index fell 0.8 percent, its largest loss in nearly three weeks, as traders cashed in on some of the market's recent gains. Stocks in the energy, financial and industrial sectors fell more than the rest of the market, also mirroring their performance from a day before. [Full Article...]
The Seoul Central District Court ruled against an arrest warrant for Lee and two other former Samsung executives Monday, saying that despite considerable evidence obtained through their investigation, they didn't have a valid reason to detain Lee. [Full Article...]
Earlier, Minister for Energy Omar Ayub Khan expressed deep concern over fuel shortage, artificially created by some Oil Marketing Companies (OMCs) and dealers for maximum profits, and formed a committee to verify stocks availability, identify black-marketing and hoarding by some elements. [Full Article...]
The IPO was priced at $22 apiece on Monday, earlier mentioned the upwardly revised vary of $18 to $20, and sold 21.25 million shares in contrast with the earlier approach of 18.8 million shares. New York-based Vroom had a net loss of $41 million on revenue of $376 million for the three months ended March 31, compared with a loss of $27 million on $235 million in revenue for the same period a year ... [Full Article...]
Apollo Bay Distillery has urged people to not consume it and contact them for a full refund and a replacement bottle of actual gin that you can drink and not get, y'know, probable poisoning. A customer said she felt ill after drinking a glass from one of the incorrectly labelled bottles. Australia has done relatively well managing the covid-19 pandemic, with just 7,267 cases and 102 deaths, acco... [Full Article...]
U.S. GDP may contract 6.1 per cent. "Stringent measures to restrict the spread of the virus, which heavily curtail short-term activity, will contribute to the contraction". Advanced economies are projected to shrink seven percent. The report showed 2020 contractions of 6.1% for the United States and Japan, a 9.1% contraction for the euro zone, 8% for Brazil and 3.2% for India. [Full Article...]
In addition to Japan , the U.K.is seeking to sign free-trade agreements with countries including the U.S., Australia and New Zealand. The YouGov poll reveals high levels of concern among consumers, with 71% of those surveyed concerned that a U.S. [Full Article...]
Usually, the committee of economists waits to see how economic conditions develop over a longer period of time before determining that a recession has begun, but the current slowdown is clearly exceptional. So it's possible that the recession could technically end soon. That ended in February, the bureau said. But "there are so many moving parts", he said. [Full Article...]