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Fed Chairman Powell: Recovery will take some time and may not...

Economy will rebound, but it may take some time. The recovery may last until the end of next year. “We really don’t know,” Powell...

Fed Chair gave a speech and shares slumped

Reaction of American stock exchanges came soon after. Dow Jones index dropped in more than 2%, which is almost 500 points. “It may take...

Saudi Aramco profit dropped in a quarter but dividends will be...

Reuters says that analysts expected the drop in profit to be slightly lower, but predicted different dividend policy. They had expected Saudi Aramco to...

White House considers more economic stimulus aid

During last weekend, officials in Donald Trump’s administration, including Treasury Secretary Steven Mnuchin and White House economic advisor Larry Kudlow, discussed with lawmakers how...

The U.S. economy will rebound in May and June, Mnuchin says

Steven Mnuchin, the American Treasury Secretary, says that the U.S. economy will rebound from coronavirus crisis during third quarter of 2020. Once the U.S. economy...

American shares grew as markets expect Congress to approve another stimulus...

A stimulus package ready to be approved by the Congress is worth nearly $500 billion As the government is expected to accept the package, Wall...

Carmakers in Europe to soon reopen their factories

In March, sale of personal cars dropped interannualy in more than 50% Mostly because carmakers had to close down their factories due to coronavirus. They...

Unemployment rate could reach level of the Great Depression

By the end of March, unemployment rate in the U.S. grew to 4,4% from February record low 3,5% Yet, the reality could be much worse...

Southeast Asia markets enter new trading week with optimism

Mood on world financial markets seems to correspond to progress of coronavirus pandemic While western Europe or Northern America still seek solid ground, southeast Asia...

Concerns about world’s food supply chain are growing worldwide

Around one fifth of global population is currently isolated in a quarantine In a reaction to this, governments come up with food supply restrictions. Yet,...

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