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ECB's de Guindos says coronavirus will put Europe into a recession

A view of European Central Bank. /VCG The impact of the coronavirus outbreak will put Europe into a recession but it should be transitory and the region should be back in positive GDP growth i

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US stocks open lower, erasing recent gains and plunging shares deeper into bear territory

The rollercoaster ride of equity markets continues as all of the major stock indexes opened sharply lower one day after President Donald Trump announced the intention to push through a sweeping aid pa

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The dollars and cents of raising VC during the coronavirus pandemic

The novel coronavirus is raging across the planet. Millions are quarantined, the stock market is violently gyrating and one of the preeminent VC firms in the Valley is back to saying RIP Good Times. T

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Consumers upbeat about Indonesia's economy despite falling February index

JAKARTA, March 9 (Xinhua) -- The consumer confidence index in Indonesia edged down in February, but the consumers in the country remain optimistic about the economy, a survey by the Indonesian centra

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After turbulent week, the stock market sees record gains

So much for that correction!After a desolate week, the United States saw its major indices rally on Monday, pushing the value of domestic, and domestically-listed securities higher. The gains came des

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U.S. jobless claims rise to 219,000 last week

The number of initial jobless claims in the United States rose last week, according to a report released by the U.S. Bureau of Labor Statistics on Thursday. The number of people filing for U.S. unem

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Dow plunges nearly 1,200 points amid risk-averse sentiment

Traders work at New York Stock Exchange in New York, the United States, Feb. 25, 2020. (Xinhua/Zhang Mocheng) The Dow on Thursday plunged nearly 1,200 points, or over 4.4 percent, amid risk-averse

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Nigeria is becoming Africa’s unofficial tech capital

Africa has one of the world’s fastest growing tech markets and Nigeria is becoming its unofficial capital.While the West African nation is commonly associated with negative cliches around corrup

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APD | Rising demand to push Samsung’s image sensor output

By APD writer AliceSamsung Electronics Co. may increase the production of its complementary metal-oxide-semiconductor (CMOS) image sensor by nearly 20 percent this year

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U.S.-listed Chinese firms trade mostly higher

U.S.-listed Chinese companies traded mostly higher on Friday with six of the top 10 stocks by weight in the SP U.S. Listed China 50 index ending the day on an upbeat n

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Wall Street is sending huge warning signs for stocks

ToagrowingchorusofstrategistsandinvestorsacrossWallStreet,thestockmarketlookslikeit'sheadedforarudeawakening.TheirmountingpessimismcomesatatimewhenUSequitiesare

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China's economy transitioning not derailing

China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 here said on Thursday.

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Securities watchdog faces reform challenge

The current stock market volatility will challenge the Chinese regulator's ability to respond and implement reform, analysts said after the country's securities chief acknowledged deep flaws in the system.

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Fed's decision will lead to more int'l volatility: Mexican economist

The decision taken by the U.S. Federal Reserve not to modify its interest rates will lead to protracted volatility on international financial markets, said the head of the Mexican Stock Exchange on Friday.