Finance

by | April 24, 2020 | 18:26

The statement further carried a strong private endorsement of Klein by SAP's co-founder and chairperson, Hasso Plattner, who stated he had "complete confidence in Christian's business vision and ability". SAP also posted its first quarter results on Tuesday, stating business activity in the first two months of the quarter was "healthy" but as the spread of the coronavirus intensified a significant amount of new business was postponed.

by | April 24, 2020 | 17:56

According to European Commission President Ursula von der Leyen, all measures taken so far add up to more than 3 trillion euro. Expanding it will not be easy, even if Italy's Prime Minister Giuseppe Conte hailed "great progress" after the summit ended.

by | April 24, 2020 | 13:45

The total number of cases to date in the province is 326, while 261 people are said to have recovered. "It's a plan that will be conducted in phases", said Moe, with each phase being closely monitored. This would include restaurants, bars, gyms, fitness facilities, childcare centers, and more, which would be capped at 50 percent capacity for restaurants and licensed bars.

by | April 24, 2020 | 03:57

Several other packing plants have temporarily closed across the country after large outbreaks, including a Smithfield Foods plant in Sioux Falls, South Dakota, and a JBS USA plant in Worthington, Minnesota. The board warned that its continued operation would exacerbate the spread of the virus through the county, where confirmed cases and hospitalizations have skyrocketed in recent days.

by | April 24, 2020 | 00:25

The US Senate has approved an economic stimulus package of 480 billion dollars that includes help for small businesses affected by the coronavirus pandemic. The move aims to provide additional liquidity for small and community banks to "support the small businesses in their communities", the FHFA said in a statement.

by | April 23, 2020 | 19:58

The extended payout schedule is likely necessary because, according to a widely circulated Ways and Means Committee document , a maximum of five million checks can be sent out per week, and up to 200 million Americans will receive the payments.

by | April 23, 2020 | 18:11

More than 80,000 people filed for unemployment in MA last week as the coronavirus pandemic continues to wreak havoc on the economy. Initial claims for state unemployment benefits probably totaled 4.2 million in the week ended April 18, according to a Reuters survey of economists.

by | April 23, 2020 | 17:54

The case breakdown by community (including those who have died or recovered) is as follows: Bradford W-G (57), Barrie (53), New Tecumseth (21), Orillia (10), Collingwood (8), Innisfil (11), Springwater (5), Midland (5), Wasaga Beach (7), Oro-Medonte (5), Adjala-Tosorontio (6), Clearview (2), Essa (3), Ramara (2), Tiny (2), Penetanguishene (2) for a total of 185 cases in Simcoe County.

by | April 23, 2020 | 15:28

And how can something like a barrel of oil be worth less than nothing? While OPEC and its oil-producing allies finalized a historic agreement earlier this month to cut production by 9.7 million barrels per day beginning on May 1, many argue that it still won't be enough to counter the fall-off in demand.

by | April 23, 2020 | 14:57

While Trump says he wants Kemp to do what he thinks is right, Trump says he thinks opening beauty salons and barber shops during phase one "is just too soon". The Republican governors of South Carolina, Tennessee and OH also announced on Monday they will be taking similar measure in peeling back the curbs on commerce and social activity aimed at stopping the outbreak over the next two weeks.

by | April 23, 2020 | 11:44

BTW. remember this clip, because the Mayor's gonna be a national star. Leading the way to lift restrictions, with encouragement from President Trump , six Republican governors across the South - Georgia , Florida, South Carolina, Tennessee, Alabama and MS - have formed a coalition to coordinate reopenings, according to Florida Gov.

by | April 23, 2020 | 09:28

The president has argued throughout his time in office that South Korea should pay the US more money than it now does for the presence of about 30,000 USA troops stationed in the country. He said the U.S. has been doing a tremendous service and "We have to be treated equitably and fairly". Offshore investors sold a net 15.5 trillion won worth of shares traded on South Korea's main stock market during the three-month period.

by | April 23, 2020 | 06:41

The Secretary of Energy and Secretary of Treasury is now devising a plan which will be able to grant funds to the worst-hit oil companies and to secure the jobs of the workers in those respective companies. The crash came due to steep fall in demand due to the coronavirus pandemic with businesses closed across the world, flights stranded and several hundred countries on lockdown.

by | April 22, 2020 | 20:10

Cain Liddle, chief executive at Carlton, said: "As a club, we will continue to offer our full support to Virgin Australia and their people, who have stood by our side for the past five years and through some very hard periods for our football club".

by | April 22, 2020 | 19:11

The crumbling oil market helped drag stocks to their second straight day of losses, and the S&P 500 was down 2.5%, as of 2:10 p.m. Netflix slipped 0.8% before it announced its quarterly results after trading close, including a 23% rise in global memberships.

by | April 22, 2020 | 16:27

According to the report released after a few days delay, the figures rose marginally by 0.06 per cent points to put the Consumer Price Index at 12.26 per cent (year on year) in March, the highest since April 2018. Stats SA has recorded two key features driving CPI in March - school fees and certain food products. Food inflation on a year-on-year basis was highest in Sokoto (16.81%), Edo (16.63%) and Ogun (16.39%); while Jigawa (13.69%), Bauchi (13.40%) and Lagos (13.06%) recorded the slowest ...

by | April 22, 2020 | 13:52

More than 140 million barrels of oil are now being stored at sea, as refineries, storage facilities, and pipelines across the world reach capacity. US crude inventories had been anticipated to rise by about 16.1 million barrels within the week to April 17 after posting the most important one-week construct in historical past, 5 analysts polled by Reuters discovered.

by | April 22, 2020 | 07:57

David Fischer, Chief Revenue Officer, and Ajit Mohan, VP and Managing Director, India of Facebook , wrote in a joint note: "Our goal is to enable new opportunities for businesses of all sizes, but especially for the more than 60 million small businesses across India ".

by | April 22, 2020 | 05:41

The Dow Jones Industrial Average fell 285.19 points, or 1.21 percent, at the open to 23,365.25. Gold prices dropped to their lowest since April 9 while palladium slumped 15.5% as investors scrambled for cash to cover losses in other asset classes, mainly driven by a crash in oil markets as the pandemic hurt economies.

by | April 22, 2020 | 04:40

Trump has strongly touted hydroxychloroquine as a coronavirus treatment although many scientists are urging caution until larger trials show whether it is safe and effective. But even after statistically adjusting for those differences, patients getting hydroxychloroquine alone still had a higher death rate than those not getting it.

by | April 22, 2020 | 02:58

If you're lucky enough to have a well-stocked grocery store nearby, or if you've been good about keeping your fridge and pantry full, there's no reason why you couldn't go from zero to full Swedish feast in a few hours now that you've got IKEA's meatball recipe in hand.

by | April 22, 2020 | 02:39

World share prices slew Tuesday after the price of USA oil plunged beneath zero, with demand crumpled as the factories, cars, and airplanes are not working as usual due to the coronavirus pandemic. Coca-Cola said Tuesday that its sales were on track to hit financial targets through February, but that all changed when stay-at-home orders became widespread in March.

by | April 21, 2020 | 23:54

Trump announced the measure in a tweet late Monday. The Trump administration hasn't released any further details about timing and what it will say. Get all the latest news on coronavirus and more delivered daily to your inbox. An ongoing political duel with governors over power and responsibility in the pandemic and its aftermath.

by | April 21, 2020 | 23:45

The spot price for Brent crude oil fell 6.9 percent to US$26.14 a barrel at 8am in Wellington. Weathering the broad market sell-off, Amazon rose 1.6% and Netflix jumped 4%. When exchanging of agreements for USA oil to be conveyed in May lapse on Tuesday, the most punctual conveyance accessible will be for June. "All of which are good signs for the markets where there's a potential scenario where the economy starts to recover".

by | April 21, 2020 | 18:56

In this case, traders were paying what few demand sources there were to take their oil contract. Oil is now behaving like "garbage", said Tomomichi Akuta, chief researcher at Mitsubishi UFJ Research and Consulting. However, some analysts believe further temporary periods of negative prices could occur. With rising unemployment, stuttering economies, and collapsing financial markets the prospects for substantial recovery in the oil markets seems far away.