Stock Market
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Global airlines brace for $113 billion revenue hit from coronavirus
The International Air Transport Association (IATA) has announced a dramatic increase in the damage of the coronavirus to…
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China’s Factory Activity Falls to Record Low of 35.7 in February
Asian stock markets posted gains on Monday, March 2, 2020, even as new data revealed the worst month…
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Jollibee Closes 14 Yonghe King Stores in China’s Hubei Province
Hubei, February 27, 2020 — cybernewschronicle.com — Jollibee lost 6.14% on Wednesday. That is a lot for a…
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South Korea Virus Cases Hit 833 as Church Cluster Spreads
The Korean won is sliding. The Kospi is down more than 3%. Hyundai Motor shares have plunged. These…
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Lucio Tan Returns as PAL Holdings President
Lucio Tan is back in the cockpit. The 85-year-old billionaire, who built Philippine Airlines into a national institution,…
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Apple Says Coronavirus Will Leave It Short of March-Quarter Revenue Guidance
Apple’s global supply chain has a weak link, and it is China. The company confirmed February 18 that…
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Apple won’t hit revenue forecasts due to coronavirus
American multinational technology firm Apple said during the investor update that it will not meet its target earnings…
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Starbucks sales hit as 2,000 stores in China shut amid coronavirus
On January 30, 2020, Starbucks, the world’s largest coffee chain, closed more than 2,000 branches in China, becoming…
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Starbucks Closes 2,000 China Stores Amid Coronavirus
On January 30, 2020, Starbucks, the world’s largest coffee chain, closed more than 2,000 branches in China, becoming…
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Philippines’ Jollibee continues overseas expansion after raising $600m from bond sale
Jollibee Foods Corporation, the Philippines’ largest fast-food operator, raised $600 million from its first ever issuance of perpetual…
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Jollibee Raises $600 Million in Landmark Perpetual Securities Offering
On 21 January 2020, Jollibee Foods Corporation (JFC), the Philippines’ leading fast‑food chain, completed its inaugural issuance of…
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Thai Regulator Freezes Tesco’s $10 Billion Store Sale
Bangkok – The Office of Trade Competition Commission (OTCC) moved to halt the proposed sale of Tesco’s Thai…
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Tesla Surpasses Ford and GM in Market Value Suddenly Reaching
On January 10, 2020, Tesla Inc. achieved a new milestone when its market capitalization exceeded the combined worth…
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Iran Fires Ballistic Missiles at US Bases in Iraq
Asian traders sent Brent crude to $65.65 a barrel, up 4.5 percent, before dawn on Wednesday, 8 January…
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Global Markets See Sharp Volatility Amid US-Iran Tensions Rise
Volatility surged across world exchanges on January 7, 2020, after the United States killed Iranian General Qasem Soleimani…
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Wall Street’s 2020 Slump After the Soleimani Strike, in Analysts’ Words
NEW YORK, July 9 — The figure that matters: 444 points. That is how much the Dow Jones…
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Wells Fargo Loses $24 Billion Amid Protracted CEO Search Vacuum
Since Tim Sloan’s departure in March 2019, Wells Fargo & Co. has seen its market value decline by…
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Still no boss for Wells Fargo Bank
Wells Fargo & Co. Bank is in a quagmire as to who will they chose the new CEO…
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ANZ paid $50 million over BBSW rigging; court papers later implicated its CEO
On June 4, 2018, it was reported that the Australia and New Zealand Banking Group Limited (ANZ) had…
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Currency Rigging Scandal: Record Fines and the Investor Lawsuit That Followed
In June 2013, Bloomberg News published an investigation that exposed a long‑standing scheme to rig the world’s foreign‑exchange…
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Coffees, Bollinger and a Fiddled Number: The Libor Scandal Revisited
Nearly a dozen years have passed since HSBC was implicated in the global LIBOR-rigging scandal, an episode that…
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Barclays Fined £290M for Libor Manipulation
London, July 4, 2012 — infopulsetoday.com — Libor is a number. A single, small number — a fraction…
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The Fed’s Dual Mandate Since 1977: Jobs, Prices and a 2012 Target
WASHINGTON, July 8 — The legal architecture that governs the Federal Reserve’s monetary policy decisions rests on two…
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Netflix grew from a DVD-by-mail service into a global streaming and studio player
SCOTTS VALLEY, Calif., July 19 — From a mailroom in this coastal town to the command center of…
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AppLovin Hit With Securities Class Action Over Alleged Misstatements on AI Model Strength
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Nvidia shares fall 3% as traders open $9.1M short on Huang spy scandal
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Japan Tobacco’s 272-yen dividend at risk as Putin seizes Russian assets, stock crashes 19%
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Inside Archer-Daniels-Midland’s Strategy for Scaling Global Agribusiness
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