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Australia is set to launch its fourth economic stimulus package aimed at providing eligible residents the opportunity to renovate their homes. The scheme was announced by Prime Minister Scott Morrison on Thursday as the country attempts ...
Mexican mining output has a high chance of dropping by about 17% in 2020 due to the disruptions brought by the novel coronavirus crisis. However, it is likely to recover in the first quarter of 2021, the head of the country’s mining ...
Oil prices fell on Thursday after U.S. distillate inventories rose, creating doubt on major oil producers’ commitment to further output cuts. Brent crude futures lost 1.46%, or 58 cents, at $39.21 per barrel. U.S. West Texas Intermediate ...
The euro hit multi-month highs against other currencies on Thursday as investors expected the European Central Bank to expand its bond-buying programme later in the day. The euro’s rally helped push the dollar’s index to 97.450, ...
Europe's biggest travel company TUI Group (TUIT.L) stated on Wednesday that it has agreed for a compensation package with aircraft maker Boeing Co. (BA.N) to shield its finances from the impact of the coronavirus pandemic. The deal includes ...
Wells Fargo & Co (WFC), one of the biggest lenders for new and used car purchases in the United States, announced on Tuesday that it would stop accepting loan applications to a majority of its independent car dealer clients due to economic ...
The dollar dropped on most Asian currencies on Wednesday as investors gained appetite for risky assets amid government stimulus and economic recovery. The Australian dollar hit a five-month high of 0.6982 on the dollar. The commodity currency ...
Asian shares surged to a near three-month peak on Wednesday amid hopes of economic stimulus and easing lockdowns. These factors outweighed investors’ caution over the pandemic and the ongoing U.S. protests. MSCI’s broadest index ...
America had been plagued by street protests of late, and righfully so as it reeled after the death of one George Floyd in the hands of Minneapolis policemen. With this social turmoil, it is expected that Gold would see a rise in its value. But ...
For the first time since January, the services industry of China recorded its growth in May, signaling the start of economic recuperation from stagnation due to lockdown measures implemented amidst the outbreak of the coronavirus. However, ...
On Monday, Chief Executive Officer Arne Sorenson stated that Marriott International (MAR.O) has resumed all its hotel operations in China and is seeing a sustained recovery in its biggest market, the United States. After Sorenson’s statement, ...
German automotive manufacturing company Volkswagen Group (VOWG) announced on Monday that it would gradually resume operations in the states of Puebla and Guanajuato on June 15. The company decided to pause its activities last March due to ...
Asian stocks rose on Tuesday as hopes of a global recovery from the COVID-19 pandemic outweighed the fears of simmering U.S.-China tensions and economic damage. However, gains were held down after U.S. President Donald Trump vowed to use force ...
Russian oil and gas condensate production dropped to 9.39 barrels per day (bpd) in May, nearing its target in accordance to a deal with the Organization of the Petroleum Exporting Countries (OPEC+). The figures come from the country’s ...
The dollar plunged on Tuesday as investors hoped for a faster global economic recovery despite the growing U.S.-China tensions and mass protests in several U.S. cities. The dollar index fell to 97.790, its weakest level since March. The euro ...
Oil prices rose on Tuesday as traders await major oil producers’ decisions on whether to extend production cuts in an upcoming virtual meeting this week. Brent crude futures gained 0.91%, or 35 cents, at $38.67 per barrel. U.S. West ...
Chinese Internet service provider Tencent Holdings Ltd (0700.HK) said on Friday that it is discussing an investment worth $200 Million in the world's largest music company Warner Music Group (WMG) as part of its initial public offering ...
Ireland’s manufacturing sector recovered slightly after its historic drop in April. Though indicators underscored recovery, it still declined in May as the economy started emerging from government-implemented lockdowns, a survey showed ...
May had seen South Korea’s inflation rate dropping below zero for the first time in eight months, data showed on Tuesday. The decline was mainly from the novel coronavirus crisis dragging domestic demand and crude prices. The consumer ...
Australia’s economy is likely to have contracted in the first quarter as the novel coronavirus crisis drags the land down under to its first recession in three decades. Fifteen economic analysts foresee that the A$ 2 trillion economy ...
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