pandemic

Allianz cooperating as DOJ probes Structured Alpha Funds

The U.S. Department of Justice has begun an investigation relating to Allianz Global Investors' Structured Alpha Funds, following litigation pending…

4 years ago

China’s factory activity in July grows at slowest pace since Feb 2020

China's factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance…

4 years ago

UK mortgage lending booms but consumers stay wary about debt

British mortgage lending showed a record surge in June as home-buyers rushed to qualify for a tax break before it…

4 years ago

Fed says economic recovery remains on track despite COVID-19 surge

The U.S. economic recovery is still on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday…

4 years ago

AstraZeneca COVID-19 sales jump as drugmaker navigates vaccine challenges

Second-quarter sales of AstraZeneca's (AZN.L) COVID-19 vaccine more than tripled to $894 million from the first quarter, but the drugmaker…

4 years ago

Chinese stocks in tentative bounce, Fed in no hurry to taper

Asian shares managed a semblance of calm on Thursday as the U.S. Federal Reserve signalled it was in no rush…

4 years ago

Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’

Facebook Inc (FB.O) said on Wednesday it expects revenue growth to "decelerate significantly," sending the social media giant's shares down…

4 years ago

Airbus challenges Boeing cargo dominance with A350 freighter

Europe's Airbus (AIR.PA) took aim at one of Boeing's (BA.N) most profitable strongholds on Thursday with plans for a freighter…

4 years ago

Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumps

Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery…

4 years ago

Gloomy outlook dulls PayPal’s quarterly profit beat

Shares of PayPal Holdings Inc(PYPL.O) fell 8% on the payment company's downbeat current-quarter profit outlook that outweighed a better-than-expected profit…

4 years ago