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Australia’s economy may contract significantly, according to the minutes of the meeting released by Australia’s central bank on Tuesday. The sharp economic reversal is expected to occur in the latter part of the second quarter ...
South Korea’s economy was monitored to have diminished at its most rapid pace since 2008. The contraction could be attributed to the inactivity of the virus-beaten business sector and slump in global demand, a Reuters survey showed on ...
According to a Chinese agriculture official on Monday, the virus outbreak might cause an economic shock to the global food trade and cause another global food crisis. Commentaries were released as the virus outbreak affected the international ...
The British government will launch a 1.25 billion pound package ($1.6 billion) on Monday to support and protect innovative companies amid the virus outbreak. The package includes a 500-million pound investment fund for high-growth firms that ...
Japan’s March exports declined the most in four years as demand from China, Europe, and the U.S. fell at the fastest pace since 2011. Monday’s gloomy data highlighted the pandemic-caused damages on global ...
Gold furthered losses on Monday morning in Asia despite decreased risk sentiment over the weekend Gold Futures fell by 0.42% to $1,691.70 per ounce at 9:46 PM ET (2:46 AM GMT). Asian stocks also fell before China’s release of the loan ...
Crude oil futures declined on Monday while U.S. futures fell to its lowest level since 1999. This was on top of concerns about global oil demand and the filling of strategic reserves in the United States. The oil volume held in U.S. storage ...
The dollar firmed on Monday while risky currencies fell, as governments worldwide prepare for an economic re-start. Major currencies were range-bound but the New Zealand, Canadian, and Australian dollars all fell 0.3%. Asian equities and U.S. ...
Facebook Inc (FB.O) will introduce a newly-developed mobile gaming application on Monday. The application was designed to bring a live game streaming experience in an attempt to compete against Amazon.com Inc’s Twitch, Google’s ...
A safe trading session was monitored in Asian share markets on Monday. Investors’ sentiment level was supported by hopes that strong corporate earnings and economic data will minimize the disruptions brought by the pandemic. However, ...
India extends its disapproval for the International Monetary Fund’s allocation of the new Special Drawing Rights as it may possibly be incapable of driving out its country under economic pressure amid the virus outbreak on Thursday. According ...
Despite having a strong financial condition with low debt obligations, the Kingdom of Saudi is still struggling from the current worldwide crisis according to its Finance Minister Mohammed Al-Jadaan on Friday. Al-Jadaan said the priorities ...
The dollar fell on Friday after news of a successful trial for a potential COVID-19 treatment bolstered market outlook and risk appetite. The U.S. Dollar Index fell from its week-long high by 0.25% to 99.862 at 11:34 PM ET (4:34 AM GMT). The ...
Oil prices rose in Asia on Friday after Russia and Saudi Arabia signaled additional output cuts in a joint statement. Russian Energy Minister Alexander Novak and his Saudi counterpart Prince Abdulaziz bin Salman both expressed willingness ...
Asian stocks recorded a well-ended session on Friday. The upbeat performance was mainly from President Donald Trump’s decision of reopening the U.S. economy, completely supporting the frail gross domestic product of China. MSCI’s ...
Oil prices gained on Friday with Brent rising almost 3% after President Donald Trump revealed the guidelines on reviving the U.S. economy. Brent rose 2.7%, or 75 cents, at $28.57 per barrel. U.S. crude for May delivery was up by 0.1%, or 1 ...
The Federal Reserve’s balance sheet rose to a record $6.42 trillion as the central bank soaked up on assets to prevent an economic collapse. Since March, the Fed has cut interest rates, released stimulus programs, and resumed bond purchases ...
Shares of Netflix and Amazon.com had supported the world stock market on Thursday. Hefty gains were monitored as investors anticipated large earnings posed by the stay-at-home setup. However, yields faltered as negative U.S. jobs data indicated ...
The highest U.S. retail banks will make some adjustments on Thursday to supply aid to its customers with negative balances on their checking accounts. These banks want to make sure that stimulus payments from the government will be received ...
J.C. Penney Co Inc will skip a $12 Million interest payment on Wednesday, putting the struggling retailer towards a potential default. It was reported that the department store chain was close to filing bankruptcy protection to save money ...
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