Asian stocks rose earlier on Tuesday, surging overnight in U.S. markets after the Fed announced new measures in a bid to recover the U.S. economy from the COVID-19 virus. Japan’s Nikkei climbed by 3.42% at 10:16 PM ET (3:16 AM GMT), ...
Oil prices slipped on Tuesday as fears over a second wave of COVID-19 cases hurt an already-dwindling demand. However, hopes on output cuts extending limited the price drop. Brent crude fell by 0.4% (¢14) to $39.58 per barrel at 0027 ...
After a series of rate cuts to cushion the economic impact of the pandemic crisis, the Bank of Japan held its rates steady on Tuesday to signal that the easing efforts made were enough to support growth. But the BOJ announced a welcome development ...
The New York Stock Exchange (NYSE) announced that it would allow a limited number of market makers to return to the trading floor on Wednesday after nearly three months of closure due to the coronavirus outbreak. Designated market makers from ...
Chesapeake Energy Corp. (CHK.N) said on Tuesday that it is preparing to file for bankruptcy as soon as this week after the pioneering shale oil driller missed an interest payment worth $10 Million due on Monday. The company’s stock was ...
Tuesday morning saw the price of gold in Asia, effectively offsetting a number of its losses from a session before. The reported climb recorded after the U.S. Federal Reserve moved to buy individual corporate bonds through the secondary market ...
U.S. retail sales are expected to post a record rise in May as 2.5 million Americans returned to work. However, the rebound is still small compared to the historic falls in March and April due to the lockdown measures. The monthly report for ...
The dollar fell on Tuesday following the U.S. Federal Reserve’s announcement to begin broad buying of corporate debt, lifting appetite for risk currencies. The Fed said that it will start buying diverse investment grade U.S. corporate ...
Consumer goods giant Unilever Plc. (ULVR.L) stated on Monday that it would invest 1 billion Euros in a new Climate & Nature fund and achieve net-zero greenhouse gas emissions from all its products by 2039, 11 years ahead of the 2050 Paris ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
Asian stocks mostly traded low earlier on Monday after a surge of COVID-19 cases in several countries during the weekend brought about fears of a second wave. China’s Shanghai Composite increase by 0.01% at 10:33 PM ET (3:33 AM GMT), ...
Gold prices fell earlier on Monday, losing a portion of its gains from the earlier session as fears mounted over the surge of new cases of COVID-19 in several countries during the weekend. Gold futures slid by 0.15% at $1,734.65 per ounce ...
Oil prices dropped on Monday as several countries reported new cases of infections, raising concerns of a second wave amid a recovery in fuel demand. Brent crude fell 2.4%, or 93 cents, at $37.80 per barrel. U.S. West Texas Intermediate crude ...
The dollar gained, while commodity currencies dropped as investors turned away from risky currencies amid fears of a second coronavirus wave lambasting major economies including China, Japan, and the United States. Beijing reported new infections ...
Estate agents in England have monitored a recovery in property sales. This could be attributed to the government’s move of lifting lockdown restrictions on May 13, Rightmove said on Monday. Rightmove said that property sales during lockdown ...
Chinese factories sustained their upbeat performance for another month in May. This followed as the country shook off the economic disruptions brought by the novel coronavirus crisis. However, figures indicated that recuperation would not ...
Oil prices fell more than 2% on Thursday on concerns over record stockpile growth among dwindling demand. Investor sentiment soured after the Federal Reserve estimated that recovery from the pandemic could take years. Meanwhile, U.S. crude ...
Gold prices rose earlier on Thursday in Asia, continuing gains from the previous sessions after the U.S. Federal Reserve decided on Wednesday to keep the benchmark rate near zero. Gold futures gained 1.19% at $1,741.25 per ounce at 12:24 AM ...
Retails spending in New Zealand showed signs of recuperation as figures rose in May. However, these numbers still remain below the usual levels before the pandemic disrupted major economic activities. Debit and credit card purchases on retail ...
On Thursday, assailed by another record build-up in U.S. crude inventories, oil prices fell. Also contributing to its dip is the projection made by the U.S. Federal Reserve that the world's largest economy would see a shrink of 6.5%. Wednesday's ...