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Asian stocks were mixed on Friday morning, putting an end to a rough week for the market. Investor sentiment remained unsure even as China rolled out efforts to recover from the COVID-19 pandemic. China reported a 3.9% increase in industry ...
The Dollar fell on Friday morning, losing some of its gains from the day before. Investor fears mounted as tensions escalated between the U.S. and China after U.S. President Donald Trump signaled in an interview the night before that he might ...
European stocks rallied on Friday after investors found comfort in China’s report of an increase in April’s factory activity, exceeding analysts’ forecasts. However, with the simmering trade tensions between the U.S. and ...
South Korea’s finance ministry pledged to provide intensive measures to control the recently-monitored hike in unemployment. The agency also emphasized the ever-increasing level of economic risks as local and global demand collapse. Latest ...
An already-dim near-term U.S. economic outlook has grown murkier in the recently-conducted Reuters poll of economic analysts. Though recuperation is still possible, the U.S. economy may take a long time to fully regain its momentum. Recent ...
On Friday, the U.S. dollar was seen to be poised for weekly gains. The Australian dollar, on the other hand, had dropped by 1% this week due to the new wave of COVID-19 infections. Investors are on the fence with optimism for a speedy global ...
The European travel company TUI (TUIGn.DE) announced on Wednesday that it would continue its global operations in July and slash its workforce by roughly 8,000 jobs to reduce 30% of its costs amid the virus outbreak. In an effort to halt the ...
United Kingdom’s retail sales sunk by nearly a fifth in April as the government’s effort of combating the coronavirus brought disruptions to the sector. More so, Britain’s consumer spending declined by more than a third, ...
Korean Air Co. Ltd. (003490.KS), South Korea’s largest airline and flag carrier, plans to sell new shares worth 1 trillion Won ($817 Million) in its biggest rights issue in 20 years. The company came up with self-rescue measures on Wednesday ...
Thursday morning saw the value of Gold gone up after U.S. Federal Reserve Chair Jerome Powell's speech had inspired gloom among investors, compelling them to turn to the precious metal. Gold futures rose by 0.28% at $1,721.25 by 12:08 PM ET ...
Australia’s unemployment rate is expected to hit its largest monthly increase. The anticipated surge in joblessness was mainly from the disruptions brought by the COVID-19 pandemic, even as the country started lifting quarantine restrictions ...
Oil prices rose on Thursday after a sudden fall in U.S. crude stocks. However, further gains were capped amid a gloomy U.S. economic outlook and fears of a second coronavirus wave. Brent crude futures climbed 0.2%, or 6 cents, at $29.25 per ...
The dollar rose to a near three-week peak on Thursday after Fed Chairman Jerome Powell dismissed the prospect of adopting negative interest rates. Powell’s comments diminished risk appetite as investors rushed to the safe-haven dollar. ...
On Thursday, stocks had been recorded to have fallen whilst bonds remained to be in demand. These had happened due to apprehensions of the Coronavirus infecting anew coupled with a gloomy evaluation from the U.S. Federal Reserve head that ...
Gold prices fell on early Tuesday in Asia, losing gains from the previous session amid mounting fears of a second COVID-19 wave. Gold futures lost 0.7% to $1,705.65 per ounce at 12:05 AM ET (5:05 AM: GMT). China and South Korea have been moving ...
The American aerospace company Boeing Co. (BA.N) said on Tuesday that it failed to sell a single commercial airplane this year with clients cancelling another 108 orders for its grounded 737 MAX planes. It marked the second month this year ...
Hyatt Hotels Corp. (H.N) announced on Monday that it would terminate 1,300 employees worldwide beginning on June 1. The move comes after a sharp fall in global travel struck the hospitality industry as people stay home to prevent the spread ...
Oil prices plunged on Wednesday due to fears of a possible second coronavirus wave and a continuous rise in U.S. crude inventories. Market worries dwarfed Saudi Arabia’s call for further output cuts to buoy prices amid demand slump. Brent ...
Global stocks and oil prices dropped on Wednesday as markets feared a possible second wave of coronavirus infections. MSCI’s index of global shares fell 0.3%, while the pan-European STOXX 600 index slid 1.6%. Deutsche Bank shares plunged ...
The Dollar rose earlier on Wednesday in Asia on the back of U.S. Fed Chairman Jerome Powell’s speech that would be delivered later in the day. The U.S. Dollar Index dipped by 0.04% to 99.998 at 11:40 AM ET (4:40 AM GMT). Powell might ...
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