An illuminated logo is found outside the Wirecard headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | fake pictures Wirecard will file an application to open insolvency proceedings in the Munich district court, the company said Thursday. The company said in a brief statement that management …
Read More »Countries say they are unlikely to impose full blockades if there is a second wave, analysts say
People enjoy the beach amid the coronavirus pandemic in Huntington Beach, California on June 14, 2020. APU GOMES | AFP | fake pictures Countries are highly unlikely to impose another full blockade despite a resurgence of new cases of coronavirus in some parts of the world, analysts told CNBC. The …
Read More »Awaken America’s trade has worsened
After witnessing a brutal Wall Street sell-off on Wednesday, CNBC’s Jim Cramer is still recommending investors to narrow their positions and wait for more attractive prices before putting more money on the market. “Awaken America’s trade has worsened,” he said. As coronavirus infections re-emerge in some parts of the country, …
Read More »South Korea falls almost 2% as Asian stocks fall; IMF cuts forecasts again
Shares in the Asia Pacific fell Thursday afternoon, after the International Monetary Fund cut its economic forecast again on Wednesday. South Korea’s Kospi led the losses among the region’s main markets as it fell 1.77%. In Japan, the Nikkei 225 fell 0.99%, while the Topix index dropped 1%. Shares in …
Read More »Stocks wear thin as coronavirus surge destroys hopes of recovery
SINGAPORE (Reuters) – Asian stocks posted their biggest decline in eight sessions, bonds rose and the US dollar held firm on Thursday due to growing cases of coronavirus in the United States and the International Monetary Fund’s downgrade to economic projections reduced confidence in a recovery. FILE PHOTO: Passers-by wearing …
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