Quicken Loans, the largest mortgage originator in the United States, has filed IPO paperwork under the Rocket Companies brand name, presumably to continue its emphasis on its Rocket Mortgage platform.
The COVID-19 crisis has wreaked more financial havoc than many of us could have imagined. Though stocks have managed to thrive despite an early beating, the U.S. economy is still deep in recession territory, and with COVID-19 cases surging in most states, the risk of a second wi
India's electricity generation during the first half of July fell at a slower pace than in June, provisional government data showed, as industries and commercial establishments opened up after further following gradual easing of lockdowns.
Chinese state-owned pharmaceutical company Sinopharm has begun Phase III clinical trials of a COVID-19 vaccine in the emirate of Abu Dhabi using around 15,000 volunteers, the Abu Dhabi government media office said on Thursday.
The Indonesian rupiah retreated on Thursday after central bank officials cut interest rates by another quarter point, while the Thai baht sank following the surprise departure of its finance minister in an Asian morning marked by a dramatic dive in Chinese shares.
The U.S. dollar strengthened on Thursday as investors focused on poor Chinese retail sales instead of its stronger than expected economic growth last quarter, with the focus now shifting more to a European Union summit this weekend.
Europe's top court on Thursday rejected a key EU tool used to transfer Europeans' personal data across the Atlantic for commercial use but upheld the validity of another tool used by hundreds of thousands of companies to transfer data worldwide.
South Africa's government has committed to secure funds for the overhaul of struggling state-owned South African Airways (SAA), the public enterprises and finance ministries said in a letter to the airline's administrators seen by Reuters.
(RTTNews) - French automaker Peugeot S.A. or Groupe PSA (PEUGF.PK) reported Thursday that worldwide sales volume for the first half declined 45.7 percent to 1.03 million units from last year's 1.90 million units.
The Russian rouble weakened on Thursday as concern over deteriorating relations between the United States and China weighed on risk assets and oil prices eased away from three-week highs.
(RTTNews) - Anglo American plc (AAUKY.PK, AAL.L) reported Thursday that its second-quarter rough diamond production decreased 54 percent to 3.5 million carats from last year's 7.7 million carrats, primarily due to the Covid-19 lockdowns.
HONG KONG (Reuters Breakingviews) - China has avoided a recession, but debt problems are piling up. Output rose 3.2% year-on-year in the three months to June, following last quarter’s record contraction. Investment still looks tepid, employers are shedding jobs, and re
Swedish medical equipment maker Getinge reported on Thursday a jump in core profit and order intake in the second quarter as demand for ventilators and other life support equipment surged due to the pandemic.
European passenger car sales slumped in June compared to a year ago but showed an improvement since May with the easing of coronavirus lockdown measures across the region, industry data showed on Thursday.
Turkish state banks have doubled their short foreign currency positions in six weeks to $8.3 billion to help defend the lira, their largest direct intervention for years, according to four banking sources and industry data.
Husqvarna, the world's biggest maker of gardening power tools, said on Thursday it would gradually increase investments again as it reported quarterly profit and sales that matched preliminary figures.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Thursday that quarterly net profit surged 81% to a record level on robust orders for advanced chips.
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