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by Swissquote Analysts
Analysts expect the European Central Bank to expand the capabilities of its EUR750 billion Pandemic Emergency Purchase Program when it meets on Thursday. A breakdown released by the central bank on Tuesday showed it is bought EUR235 billion ($263 billion) of assets through the end of May, with...
03.06.2020
The supervisory board of Lufthansa approved a EUR9 billion ($9.9 billion) state bailout proposal and urged shareholders to back its decision. Lufthansa's supervisory board, led by chairman Karl-Ludwig Kley, voted in favor of the rescue plan, which would see the German government a 20% stake in...
02.06.2020
The U.S. economy's first-quarter contraction was slightly steeper than initially estimated, and a key measure of corporate profits weakened as coronavirus-related shutdowns began to come into effect. Gross domestic product -- the value of all goods and services produced across the economy --...
29.05.2020
Deutsche Lufthansa AG said that the German government has approved an aid package worth up to 9 billion euros ($9.81 billion) for the airline that will make Germany the company's largest shareholder. Germany's economic stabilization fund, or WSF, will build a 20% stake in the company through a...
26.05.2020
Hertz Global Holdings Inc. is preparing to file for bankruptcy after failing to reach a standstill agreement with top lenders, according to people familiar with the matter. The car-rental company is planning to seek chapter 11 protection in the coming days after government restrictions on travel...
25.05.2020
AstraZeneca's Covid-19 vaccine secured a huge funding commitment from the U.S. government, though the earliest doses appear to be committed to the U.K. The company says the program won't affect its earnings this year, as it has committed to taking no profit. Still, the stock jumped 3.7% in...
22.05.2020
Walmart Inc. is reaping the rewards of being one of few retailers positioned to successfully navigate a global pandemic, reporting a surge in quarterly sales as consumers turned to its giant stores to stock up on food and household goods. The country's largest retailer said U.S. comparable sales...
20.05.2020
Uber Technologies Inc. (UBER), which announced 3,700 job cuts less than two weeks ago, isn't done. The struggling ride-hailing service is cutting deeper to the bone with an additional 3,000 layoffs, according to a Wall Street Journal report, citing a memo from Uber Chief Executive Dara...
19.05.2020
 
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