A Munich court is planning to drop proceedings against British short seller Fraser Perring for suspected manipulation of the share price of German payment processor Wirecard , a court spokesman said on Monday.
U.S. Treasury Secretary Steven Mnuchin said on Monday he sees no need for the country to buy back debt and that he plans to borrow money long-term to lock in low interest rates, as the coronavirus pandemic rocks the economy.
RIYADH: Saudi Arabia said Monday (May 11) it had asked oil giant Aramco to cut an additional one million barrels per day from June, to support prices that have crashed during the coronavirus crisis. The move will reduce the production of the world's biggest crude exporter to 7.5 million...
SINGAPORE: British bank Barclays and German pharmaceutical company Boehringer Ingelheim are among the businesses that have returned or donated the Jobs Support Scheme (JSS) payouts. A total of 32 companies returned the wage subsidies worth a combined S$35 million, the Ministry of Finance said on ...
Starbucks Corp said on Monday it would begin a phased reopening of all its drive-thru locations and some takeaway-only stores in the United Kingdom as the country eases coronavirus-led restrictions on road travel.
Athletic apparel maker Under Armour Inc on Monday reported a 22.8per cent fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.
British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation industry warned of the fresh damage it would suffer if Britain quarantines international arrivals.
U.S. stock index futures dipped on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of coronavirus infections with several countries reopening economies.
Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90per cent are bracing for an economic slowdown, the company said Monday.
BERLIN: German federal and state governments and local authorities are likely to get about €100 billion less in tax revenues this year than previously estimated due to the effects of the COVID-19 crisis, mass-selling Bild reported on Monday (May 11). The paper did not cite its sources. The ...
