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Australian retail sales reversed sharply in April after a record hike the month before. The record-breaking drop followed as lockdown restrictions aimed at containing the spread of the coronavirus dragged demand for apparel, travel, and dining. The ...
Wednesday morning saw gold climb after hopes arose in news of a possible vaccine for the coronavirus being expedited on Tuesday. However, vacccine experts were quick to rain on Moderna's parade after the drug manufacturer announced of a potential ...
Gold prices rose early Tuesday in Asia, taking back lost ground from the previous session. Gold futures gained 0.27% to $1,739.35 per ounce at 12:43 AM ET (5:43 AM GMT). Stocks, which often move in the opposite direction, also rallied on the ...
Sony Corp. has partnered with Microsoft Corporation with plans to embed artificial intelligence capabilities into its latest imaging chip. The enhanced chip will have its own built-in processor and memory which allows for video analysis with ...
J.C. Penney Co Inc. (JCP) stated on Wednesday that it plans to cut store count by approximately 29% to about 604, two days after filing for bankruptcy protection. The U.S. department store chain considers closing more than a fourth of its ...
Qantas Airways Ltd.’s Chief Executive Officer Alan Joyce stated on Tuesday that the company would resume its operations with 40-50% of its domestic flights in July if the government would ease travel restrictions. The Australian airline ...
The dollar bounced on Tuesday after the COVID-19 vaccine trial reported encouraging data, lifting market appetite for risky currencies. The euro surged against the dollar and the Swiss franc after Germany and France proposed for a 500 billion ...
Asian shares surged and oil prices gained on Tuesday after an early-stage trial for the COVID-19 vaccine showed positive results. MSCI’s broadest index of Asia Pacific shares outside Japan climbed 1.5%. Japan’s Nikkei grew 2%, ...
Australia’s economy currently faces an unprecedented downturn due to the novel coronavirus crisis. However, large volumes of fiscal and monetary supports could minimize the impact of the deadly respiratory disease, according to the minutes ...
Unemployment surge from down under had eased in the last couple of weeks. More so, wages had increased as government support initiatives nursed the suffering economy, a record from the Australian Bureau of Statistics showed on Tuesday. The ...
Canada’s Prime Minister Justin Trudeau announced on Saturday that he was committed to looking at possible ways to help airlines that were severely affected by the pandemic. Yet the Canadian prime minister laid out no new measures and ...
Bloomberg News reported on Sunday that the Emirates Group is considering plans to cut about 30,000 jobs as the operator of the world's largest long-haul carrier seeks to reduce costs after the pandemic grounded air travel. Emirates Group announced ...
On Monday, European stocks climbed up alongside oil prices, considerably at their highest in more than a month. These took place as lockdowns are being loosened, thus bolstering market sentiment despite COVID-19 not being contained entirely. With ...
Thailand’s economy hit its sharpest downturn in eight years in the first quarter. Though it contracted by less than speculated, struggling months impend as the coronavirus crisis ravages tourism and domestic activity. Southeast Asia’s ...
Japan’s economy succumbed to recession for the first time in 4 -1/2 years, placing the country on track for its sharpest demand slump as the COVID-19 pandemic disrupts businesses and consumers. First-quarter figures highlighted the grave ...
Oil prices gained over $1 per barrel on Monday, hitting more than a month-high as production cuts and demand recovery provided a floor for the market. Brent crude rose 3.7%, or $1.19, at $33.69 per barrel. U.S. West Texas Intermediate crude ...
The dollar firmed on Monday as the market mood was weighed by arising global tensions with China and the prospect of negative interest rates. The dollar firmed at 107.25 against the range-bound yen as Japan fell into recession for the first ...
The Asian Markets saw the safe-haven asset, gold, climbing up thus extending its gains from Friday. This is recorded to be its highest point since October 2012. With the relationship between U.S. and China in dire straits, alongside gloomy ...
Oil prices hit more than one-month highs on Friday after gaining over 3% amid signs of demand recovery. Brent crude rose 3.9%, or $1.21, at $32.34 per barrel, gaining 3% for the week. U.S. West Texas Intermediate climbed 3.3%, or 92 cents, ...
European shares climbed on Friday as Chinese factory output increased, but U.S.-China tensions remain. The pan-European STOXX 600 surged 1.4%, with travel stocks gaining 2.7%. Miners .SXPP and chip makers also rose after China’s industrial ...
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