Sources: CNN
Allianz's American asset management unit pleads guilty to criminal securities fraud and agrees to pay $5.8 billion to those who have been misled about the risk of investing in some hedge funds that collapsed with the beginning of the COVID-19 pandemic, in addition to more than $1 billion to the Securities and Exchange Commission. 2022-05-17
The government announces that Brazil's economy has grown by 4.6%, the largest increase since 2011, after suffering a slump in 2020 due to the COVID-19 recession. 2022-03-4
Malaysia's GDP contracts 5.6% in 2020, its worst annual contraction since 1998 following the 1997 Asian financial crisis. 2021-02-11
The Reserve Bank of Australia slashes its official cash rate to a historic low 0.1%, in an attempt to boost spending in the economy and address the high rate of unemployment caused by the COVID-19 pandemic. It is also expected that the cash rate will not go up for at least another three years. 2020-11-3
The Philippine economy falls into recession for the first time in 29 years after the economy shrank by 16.5% in the April to June quarter from the same period last year, which is the biggest slump in the government's quarterly GDP data dating back to 1981. 2020-08-6
The Cabinet Office of Japan plans to declare that its economy has entered a recession after 71 months of growth. 2020-07-23
Walmart says all of its stores will reduce their hours to 6:00 a.m. until 11:00 p.m. local time until further notice in response to the pandemic. Several other chains have already done so. 2020-03-14
The Dow Jones Industrial Average enters correction territory after plunging 700 points at opening. 2020-02-27