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Japan’s core consumer prices were seen struggling for two consecutive months in May. This increased deflation expectations and prompted policymakers to provide more economic reinforcements for the virus-beaten economy. The country’s ...
Asian shares and U.S. stock futures were in rocky trade on Friday as fears of a second coronavirus wave dwarfed hopes for a fast economic recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.1%, while S&P ...
Oil prices gained 1% on Friday after OPEC+ producers assured their commitment to the agreed production cuts and two major oil traders said that demand was recovering. Brent crude futures climbed 0.8%, or 35 cents, at $41.86 per barrel. U.S. ...
Japan raised its economic outlook in June for the first time in two years. This followed after the government monitored that the economic drag brought by the novel coronavirus pandemic had nearly come to an end. The country’s report ...
Bank Indonesia on Thursday has decided to cut its benchmark rate for the third time this year with signals that it may ease further. The central bank of SouthEast Asia’s largest economy will cut the 7-day reverse repurchase rate by 25 ...
On Wednesday, S&P 500 closed lower due to the news about increasing coronavirus data and the prospect of a new round of economic lockdowns. Investors were divided on whether to take heart from signs of an economic recovery or fear the ...
On Wednesday, the Trump administration said that it would push for a broad reset of “outdated tariff determinations” at the World Trade Organization (WTO) to arrange what it sees as years of unfair treatment of the United States. According ...
The U.S. Chamber of Commerce on Thursday urged China to increase its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the COVID-19 pandemic. The Chamber said the pandemic had clearly slowed ...
The dollar and the yen gained on Thursday as growing fears about a second coronavirus wave favored the appetite for safe-haven currencies. Several U.S. states reported a surge in new coronavirus cases and Beijing imposed travel restrictions ...
Oil prices dropped 2% on Thursday as a surge in new coronavirus cases in the United States and China renewed fears about a slow recovery in fuel demand. Brent crude futures lost 1.5%, or 61 cents, at $40.10 per barrel. U.S. West Texas Intermediate ...
May had seen Australia’s unemployment rate soaring to its highest in about two decades. This followed after nearly a quarter of a million people lost their jobs due to the pandemic-driven restrictions which halted business activities. Employment ...
Asian stocks and Wall Street futures plunged on Thursday as surging coronavirus cases seen in the United States and China dampened market mood. This also underscored a longer recovery period for the global economy. S&P 500 mini futures ...
On Tuesday, the Trump administration said that it is preparing a nearly $1 trillion infrastructure proposal for transportation plans as part of its push to spur the world’s largest economy back to life. A preliminary version prepared ...
Tesla Inc. (TSLA) said on Tuesday that it had signed a three-year pricing agreement with Japan’s Panasonic Corp. (6752.T) for the manufacturing and supply of lithium-ion battery cells at the Gigafactory in Nevada. Tesla ...
HSBC will be resuming its plan to cut 35,000 jobs after it had been put on pause during the COVID-19 outbreak as the largest bank in Europe faces declining profits. HSBC will also put a halt on all external hiring, according to a memo Chief ...
Russia’s unemployment rate reached 6.1% in May according to a statement by Labour Minister Anton Kotyakov on Wednesday. The unemployment rate increased from April’s 5.8% which was recorded by Rosstat, the state’s statistics ...
Oil prices dropped on Wednesday as U.S. crude and fuel inventories rose, raising concerns of oversupply amid fears of a second coronavirus wave. Brent crude futures lost 2.2%, or 89 cents, at $40.07 per barrel. U.S. West Texas Intermediate ...
The dollar firmed against its peers on Wednesday after U.S. retail sales in May reported higher gains than forecasted. In Asia, risk currencies were under pressure due to the coronavirus and diplomatic tensions in the region. The dollar index ...
May had seen Japan’s exports falling at its most rapid pace since the 2009 global financial crisis. This could be attributed to inactive U.S.-bound car shipments and an impending contraction this quarter in the world’s third-biggest ...
Asian share markets were seen retreating on Wednesday. This was mainly from weak market confidence that a surge of coronavirus cases will prolong economic inactivity, even as U.S. retail sales recorded historic highs in May. Geopolitics pressed ...
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