News Archives - Page 3 of 1020

United Airlines may cut 36,000 jobs amid slow recovery in demand

Last Updated: July 9, 2020

One of US largest carriers, United Airlines, told its employees this Wednesday that it could potentially furlough around 36,000 of the workforce due to a […]

Outlook for the Chinese Yuan Worsens, prompts the government to look at Reconciliation with the US

Author: Mohit Oberoi

Last Updated: July 9, 2020

After US-China relations soured this year to the lowest level ever, the on-going tension left the Chinese yuan further from a ‘safe-haven’ asset. As the […]

Stock futures add to gains in late trading as Nasdaq hits a new record

Author: Galina Mikova

Last Updated: July 9, 2020

The start of the overnight trading session on Wednesday evening registered a sharp spike in futures contracts tied to the major U.S. stock indexes. Hours […]

America’s oldest apparel brand Brooks Brothers files for bankruptcy

Author: Alejandro Arrieche

Last Updated: July 8, 2020

America’s oldest apparel firm Brooks Brothers filed from bankruptcy this morning after the pandemic torpedoed its sales and disrupted its effort to pursue strategic changes […]

Levi Strauss shares take a hit despite beating analysts’ estimates

Author: Alejandro Arrieche

Last Updated: July 8, 2020

Levi Strauss (LEVI) shares are diving for the second consecutive day after the company reported its earnings for the second quarter of 2020, beating analysts’ […]

Markets react to Weakened US Dollar due to Risk Aversion, Pandemic Fears

Author: Mohit Oberoi

Last Updated: July 8, 2020

US dollar weakened today amid concerns over economic recovery, the slump in energy markets, and rising infections due to the pandemic. Major Asian markets barring […]

The insurance sector enjoys new opportunities amid looming, post-pandemic claims

Author: Mohit Oberoi

Last Updated: July 8, 2020

As insurance companies are grappling rising claims due to the pandemic, it could be an opportunity for some insurers to ramp up business and also […]

Simon Property Group seeks to raise $2bn in corporate debt

Author: Alejandro Arrieche

Last Updated: July 8, 2020

Commercial real estate giant Simon Property Group is seeking to raise $2bn in corporate bonds from investors to roll forward two bonds set to mature […]

Russian bonds retain investor interest in spite of constitutional changes

Author: Galina Mikova

Last Updated: July 8, 2020

April’s changes in the Constitution of Russia have not curbed investor interest in Russian bonds, market data shows. After several years of turmoil due to […]

Global Stock Markets In a Bubble Waiting to Burst, Analysts Warn

Author: Mohit Oberoi

Last Updated: July 7, 2020

Global stock markets have risen over the last week powered by strong gains in China amid strong economic data. However, analysts warn that a bubble […]