US Federal Reserve announces second interest rate cut of the year
The US Federal Reserve has cut interest rate by a quarter percentage point for the second time since July due to potential global slowdown...
European Central Bank (ECB) interest rate cut has side effects, says banks
A warning was issued by the CEOs of Germany's two largest listed banks following reports on European Central Bank (ECB) interest rate cut.
They claim...
ECB plans stimulus package as Draghi nears end of his term
The European Central Bank (ECB) head Mario Draghi is planning to inject a new stimulus package to boost economic growth and inflation before the...
Tilray signs definitive merger agreement with Privateer Holdings
Canadian cannabis company Tilray announced its definitive merger agreement with with its largest shareholder Privateer Holdings.
The merger will extend the lock-up period and will...
Stock markets move higher as US delays some tariffs on China
Global stock markets went up as the U.S. delayed implementation of new tariffs on China by two weeks after the latter announced plans to...
CEO Amin Nasser: Saudi Aramco to hold IPO “very soon”
Amin Nasser, chief executive officer (CEO) of Saudi Aramco, announced that the company is ready for an initial public offering (IPO) on Saudi Arabia's...
Nike reports stronger Q1 FY2020 due to its digital sales strategy
Footwear and apparel company Nike reported higher earnings for the first quarter of fiscal 2020 following its "Consumer Direct Offense" digital sales strategy.
Nike posted...
FCA to introduce tougher rules for property funds from September 2020
Great Britain's Financial Conduct Authority (FCA) has announced that it will implement a new category of funds investing in inherently illiquid assets, or FIIA,...
Report: Southeast Asia internet economy to reach $300 billion by 2025
An industry report showed that the internet economy of Southeast Asia is forecast to expand and reach $300 billion by 2025.
The report by Google,...
Levi Strauss profit down as Americas wholesale business weakens
Levi Strauss & Co has reported a 4% decline in its third quarter profit as it struggled to expand its wholesale business in the...
