Sources: CNN
Impact of the COVID-19 pandemic on the arts and cultural heritage2022-01-4
Korean Air announces that it will acquire Asiana Airlines for 1.8 trillion KRW (US$1.6 billion) to help the South Korean airline industry continue to grow amid uncertainties during the COVID-19 pandemic. 2020-11-16
Singapore enters technical recession for the first time in a decade after its economy contracts by 13.2% in the second quarter, which translates to a record 42.9% plunge in its annualised GDP. 2020-08-11
State-run oil company Saudi Aramco reports that profits in the first half of 2020 plunged by 50% compared to the same period last year, with decreased demand in oil caused by COVID-19 cited as the main reason by CEO Amin H. Nasser. The company plans to uphold its promise of paying out US$75 billion in annual dividends in spite of this. 2020-08-9
The Federal Reserve Bank announces the commitment to buy any amount of government-backed securities needed to keep interest rates down. Among other measures being developed to support the real economy, it will also establish a special purpose vehicle allowing it to buy investment-grade corporate bonds directly. 2020-03-23
The Dow Jones Industrial Average plunges 1,400 points and enters a bear market. 2020-03-11
Markets are on pace for their worst week since the 2008 financial crisis. 2020-02-27