Many companies have had to make massive shifts to their business models as times have changed. For Eastman Kodak (NYSE: KODK), the advent of digital cameras threatened to destroy its primary specialty, as many photo enthusiasts no longer needed or wanted the film Kodak was famou
Brazil's Embraer said on Wednesday that revenue at its commercial aviation segment, usually its largest and most profitable, had tumbled 82% to $109 million in the second quarter due to the coronavirus pandemic.
Regardless of whether you've been investing for decades or you purchased your first stock this year, 2020 will almost certainly go down in the history books for its craziness and unpredictability.
Central European currencies held stable and stock indices gained on Wednesday as global markets looked forward to further stimulus measures in the United States and better-than-expected European earnings reports lifted investor sentiment.
Japan's new top financial regulator Ryozo Himino voiced caution over taking fresh steps to promote cryptocurrency trading, arguing that doing so may not necessarily promote technical innovation.
Earlier in the year, when things looked pretty bleak on the COVID-19 front, President Trump hoped the spread of the virus would wane during the summer months, which is what typically happens with the flu and other viruses that are more rampant during the winter. But clearly, tha
Most emerging market currencies continued their advance against a weaker dollar on Wednesday, while Turkey's lira fell more than 1% as concerns remained about the central bank's depleted forex reserves and higher foreign debt obligations.
British new car registrations rose by an annual 11.3% in July, the only increase so far this year as showrooms across the whole of the United Kingdom were open for their first full month since lockdown measures eased.
London-listed shares jumped on Wednesday as record gold prices powered miners of the commodity, while insurer Hastings Group soared after agreeing to a $2.2 billion buyout offer.
The Russian rouble firmed in early trade on Wednesday, rebounding from three-month lows hit earlier this week ahead of the finance ministry's treasury bond auctions, while stocks climbed to their highest since February.
South African miner Gold Fields said on Wednesday booming gold prices could drive up half-year profits by more than 300%, triggering a 10% rally in its shares.
Denmark's Copenhagen Airports is considering laying off 650 staff to cope with a global aviation sector standstill as a result of the coronavirus crisis.
Euro zone business activity returned to modest growth in July as some curbs imposed to stop the spread of the coronavirus were lifted, but the rebound in the bloc's dominant service industry was not as sharp as expected, a survey showed.
South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump.