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Australia’s economic contraction may come milder than previously thought, completely disregarding the possibility of negative interest rates or quantitative easing measures, the Reserve Bank of Australia said on Thursday. Though the ...
Oil prices fell for the second day on Thursday as U.S. industry data reported a rise in crude inventories. This dampened hopes of a faster recovery in demand as countries worldwide emerge from lockdowns. The successive declines came after ...
The U.S. Dollar rose earlier on Wednesday in Asia as tensions grew between the U.S. and China over Beijing’s decision to implement national security laws in Hong Kong and Macau. The U.S. Dollar Index gained 0.26% to 99.168 by 12:06 AM ...
Asian stocks were mixed earlier on Wednesday, weighed down by shares in the Greater China region after a second planned protest broke out in Hong Kong during the week. Hong Kong’s Legislative Council will discuss its controversial national ...
The International Energy Agency (IEA) stated on Wednesday that the world’s investment in the energy sector is projected to plummet by a record-high 20% or $400 billion in 2020 due to the coronavirus pandemic. The Paris-based energy agency ...
On Tuesday, American multinational investment bank Morgan Stanley (MS) raised its year-end Brent price forecast to $40 per barrel due to tighter oil markets. The financial services company expects balance in worldwide oil demand and supply ...
Chinese industrial firms’ profits fell at a slower pace in April after higher sales in electronics and automobiles were reported. However, the country’s economy continues to struggle amid weak demand and activity. Profits fell ...
Oil prices dropped on Wednesday as investors worried about fuel demand’s slow recovery, while U.S.-China tensions weighed in on the negative market mood. Brent crude futures lost 0.6%, or 21 cents, at $35.96 per barrel. U.S. West Texas ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
A budget draft showed that Japan will render a total of $1.1 trillion stimulus package. The fiscal stimulus will include large volumes of direct and emergency spending aimed at minimizing the economic disruptions brought by the novel coronavirus ...
Germany’s Economy Minister Peter Altmaier announced on Monday that the government is still negotiating with the European Commission over its rescue deal for German airline Lufthansa (LHAG.DE). He added that Berlin expects Brussels to ...
Japanese car manufacturers Toyota (TM), Nissan (NSANY), and Honda (HMC) announced on Tuesday that they would gradually resume operations in Mexico as the country’s automobile industry reboots are in line with a more extensive economic ...
Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday that the central bank is ready to roll out additional measures to soften the economic impact of the COVID-19 pandemic. The announcement still maintained a bleak outlook even after ...
Gold prices fell earlier in Asia on Tuesday even after a drop in the Dollar made the yellow metal slightly cheaper for investors with positions in other currencies. Gold futures slid by 0.06% to $1,734.45 per ounce at 12:38 AM ET (5:38 AM ...
The dollar fell on Tuesday as signs of recovery from the pandemic lifted risk appetite, but the U.S.-China tensions weighed in. Commodity currencies Australian and New Zealand dollars both gained 0.5%, standing at $0.6571 and $0.6129, respectively. The ...
Oil prices gained on Tuesday, lifted by major oil producers’ commitment to the production cuts and recovering fuel demand. Brent crude futures rose 1.4%, or 50 cents, at $36.03 per barrel. U.S. West Texas Intermediate crude futures were ...
Экономика стран, входящих в Организацию экономического сотрудничества и развития, в I квартале сократилась на 1,8% по сравнению с тремя последними месяцами 2019 года, показав наибольшее падение с января-марта 2009 года. За четвертый квартал ...
Singapore’s trade ministry announced on Tuesday that the city-state lowered its gross domestic product outlook for 2020. It had cut its GDP forecast for the third time already as the virus-beaten economy prepares for its steepest recession. Singapore’s ...
India’s economy seemed to have expanded at its slowest pace in at least eight years in the first quarter. Weak growth was partly from the government’s efforts aimed at containing the further spread of the novel coronavirus. Asia’s ...
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