It would be easy to say that the best days of what was once one of the largest and most revered American corporations, General Electric (NYSE: GE), are behind it. After an abysmal last decade versus the S&P 500, it would be hard to argue otherwise.
Blackstone Group Inc said on Monday it invested $2 billion in Alnylam Pharmaceuticals Inc through an equity-and-debt deal, giving the drugmaker a financial boost to develop its experimental therapies.
Jordan's responded to central bank calls to cut interest rates charged to small and medium sized firms and individuals feeling the effects of the coronavirus crisis on Monday with a 1.5% reduction from the end of April.
(RTTNews) - JinkoSolar Holding Co., Ltd. (JKS) announced significant developments in its defense against patent litigation initiated by Hanwha Q CELLS. The U.S. International Trade Commission ALJ found no infringement of Hanwha Q CELLS patent.
As the spread of coronavirus eases in China, Cao Junjie and his family are making the most of the sunny days at a Shanghai amusement park - with one important twist.
Italy's football federation hopes that players can be tested for the new coronavirus at the start of May to prepare for the season to restart, its president Gabriele Gravina has said.
Japan may see new hirings slow and job losses increase, particularly among service-sector firms struggling to cope with the intensifying pain of the coronavirus crisis, according to an analysis of survey data by a private think-tank.
The impact of the novel coronavirus outbreak on the Indian economy would depend on the depth, duration and diffusion of the crisis, the Reserve Bank of India said in the minutes of its emergency monetary policy committee (MPC) meeting in March.
Britain's finance minister has told colleagues the economy could shrink by up to 30% this quarter because of the coronavirus lockdown, a newspaper reported, as the soaring death toll gave little hope restrictions would soon be lifted.
Asian bonds recorded their biggest foreign outflows in at least seven years in March, as investors turned risk averse on concerns over the coronavirus outbreak and chased safer assets such as the U.S. dollar and money market instruments.
The rouble opened stronger on Monday, helped by rising oil prices after OPEC and allies led by Russia agreed to a record cut in output to prop up crude prices, though the coronavirus pandemic continues to haunt the Russian market.
(RTTNews) - Asian stocks fell in thin holiday trade on Monday as the global Covid-19 death toll increased to 114,245 and the overall infections to 1,850,527, according to data compiled by the Washington-based Johns Hopkins University.
Saudi Arabian stocks fell in early trade on Monday, extending losses from the previous session, as record output cuts by the kingdom and other oil-producing countries was dwarfed by April demand slump.
Some of Japan's ubiquitous convenience stores have taken a novel approach to social distancing by hanging plastic sheets from the ceiling to provide a barrier between customers and staff at the cash register during the coronavirus pandemic.
Istanbul's bank stock index tumbled more than 2% early on Monday after Turkey's regulator sharply curbed lenders' ability to conduct foreign exchange swaps in a further clampdown on volatility and speculation in the lira.
The sukuk market will likely a see significant reduction in issuance volumes in 2020 as lower oil prices and the novel coronavirus hurt key sectors in core Islamic finance countries, S&P Global Ratings said on Monday.
(RTTNews) - Fiserv Inc.'s top executives are taking temporary base salary pay cuts to compensate employees, who experience financial hardship due to the COVID-19.
S upport is growing for debt relief to help the world's poorest, indebted nations - most of them in Africa - confront the economic havoc wreaked by COVID-19. But there is one big question mark: China.
China's northeastern border with Russia has become a frontline in the fight against a resurgence of the coronavirus epidemic as new daily cases rose to the highest in nearly six weeks - with more than 90% involving people coming from abroad.
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