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Asian shares eased on Thursday, while bonds soared after speculations that the U.S. Federal reserve will add stimulus measures to shore up the economy. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.3%. Japan’s ...
The dollar steadied against risk currencies, while the yen hit a one-month peak on Thursday as the U.S. Federal Reserve reported a gloomy economic outlook. The Australian dollar fell from an 11-month high to $0.6966. The New Zealand dollar ...
The United States reported that business layoffs are subsiding. However, millions who lost their jobs due to the novel coronavirus pandemic still resort to unemployment benefits. This indicated that the labor market would take time to recuperate ...
The novel coronavirus crisis and China-U.S. trade tensions awakened concerns that the Port of Los Angeles would grow inactive during the peak holiday shipping season. This came after the seaport was seen at its weakest in May in more than ...
Asian shares traded slightly higher earlier on Wednesday after China released gloomy inflation data on the same day. China’s Shanghai Composite slid by 0.68% at 10:48 PM ET (3:48 AM GMT), while the Shenzhen Component inched up by 0.9%. Hong ...
Mexico’s economy is likely to have shrunk by 17% in April, finance minister Arturo Herrera told local broadcaster W Radio on Thursday. However, he reassured that the economy could shrink “a little less” in May as lockdown ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
Hongkong’s flag carrier Cathay Pacific Airways Ltd. (0293.HK) stated on Wednesday that it would repay the Hong Kong government the almost $2.52 billion worth of preference shares over a three to five-year period. On Tuesday, the Hong ...
China’s producer prices recorded a historic drop in more than four years. This indicated that the country’s manufacturing sector is struggling as the novel coronavirus crisis curbed trade flows and dragged global demand. The producer ...
The dollar bounced on Wednesday amid speculation that the U.S. Federal Reserve will take steps to control the rise in bond yields at its policy meeting. The dollar stood at 107.72 against the yen in Asian trade. It traded at 0.9512 on the ...
Oil prices dropped on Wednesday after U.S. crude and fuel stocks rose, raising concerns about oversupply and declining demand amid the pandemic. Brent crude futures lost 1.4%, or 59 cents, at $40.59 per barrel. U.S. West Texas Intermediate ...
May had seen Japan’s wholesale prices dropping at their most rapid annual pace in nearly four years, data showed on Wednesday. This could be attributed to the disruptions brought by the coronavirus pandemic, halting business activity ...
The breakfast and coffee chain Dunkin’ Brands Group Inc. (DNKN.O) stated on Monday that its franchise operators are planning to hire up to 25,000 employees in light of high demand after the United States reopened the restaurant industry. The ...
The U.S. Dollar traded slightly higher in Europe on Tuesday. However, gains were limited as investors awaited the next U.S. Federal Reserve meeting for hints on their next move. The Dollar Index inched up by 0.2% to 96.823 at 3:05 AM ET (0705 ...
German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many ...
A post-Brexit trade agreement is now brewing between the former European bloc member Britain and Asia’s second-largest economy Japan in which both sides hope to come up with a free trade deal by the end of this year. After launching ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
Early Tuesday saw European stocks push lower, resulting from signs of a weakening German economy, the region's industrial powerhouse. The DAX in Germany traded 0.9% lower at 3:55 AM ET (0705 GMT). Also experiencing the plunge are France's ...
France is expected to recover in 2022, forecasting that the country’s economy will recuperate from its sharpest post-war recession brought by the novel coronavirus crisis, the central bank said on Tuesday. Europe’s second-largest ...
Asian shares kept their momentum, extending their winning streak for nine consecutive sessions on Tuesday. Moreover, oil prices advanced as lockdown easing in many countries made investors enthusiastic over a relatively fast economic recuperation. MSCI’s ...
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