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Oil prices slid on Thursday after three days of consecutive gains, despite risks of rapid decline in demand caused by travel cancellations and lockdowns amid the coronavirus pandemic. However, markets pin their hope on the $2 trillion US emergency ...
MOSCOW - Russian President Vladimir Putin on Wednesday proposed a wide variety of unconventional emergency social measures to help families and organizations in the midst of the worldwide coronavirus outbreak, such as a week-long holiday for ...
WASHINGTON - A group of thirty two U.S. states have a message for the world’s leading online platforms: “You are not doing enough to stop unreasonable pricing in the midst of the coronavirus crisis.” In a letter sent on Wednesday ...
SHANGHAI- A sharp 14% drop in smartphone sales was monitored last February as the novel coronavirus continues to reach larger scale, according to Counterpoint Research on Thursday. Such may be the start of other market declines as the virus ...
Singapore’s economy contracted by 2.2% in the first quarter from a year earlier according to preliminary data released on Thursday. The decline went at the sharpest pace since the 2009 financial crisis which led the city-state to prepare ...
Gold prices dropped on Thursday in Asian markets following a U.S. congress announcement reaching a deal to roll out a $2 trillion financial stimulus in a bid to bolster an economy heavily impacted by the coronavirus. Gold Futures was unable ...
The dollar plunged against the Japanese yen on Thursday before the release of data expected to increase claims for unemployment benefits in the US. Several American firms lay off employees due to the persisting virus outbreak. The pound fell ...
SINGAPORE- Asian share markets started regular sessions in an anxious tone on Thursday after advancing for two consecutive days. Such performance was observed as investors await for the implementation of the $2 trillion stimulus package ...
The Australian central bank bought semi-government bonds for the first time since the quantitative easing program launched to counter the pandemic and its impact. The Reserve Bank of Australia purchased A$2 billion ($1.2 billion) in semi-government ...
The dollar slid for the third straight day on Wednesday as the US’ proposed fiscal stimulus package eased markets driven by demand for cash. US senate majority leader Mitch McConnell said that the $2 trillion (1.70 trillion pounds) ...
Asian stocks managed to find its momentum on Tuesday as U.S. Federal Reserve’s funding plan temporarily relieved market sentiment from pressing losses in financial markets. However, the said scheme seemed inadequate in addressing the ...
WASHINGTON - The United States and China have gained progress in achieving the agriculture-related agreements of a Phase 1 trade deal that produced results on February 14, the U.S. Department of Agriculture (USDA) and U.S. Trade Representative ...
Oil prices rally amid decline in crude supply Oil prices maintained gains on Asian markets on Wednesday following the report of the American Petroleum Institute (API) on a decline in U.S. crude supply. International Brent Oil Futures ...
Asian shares continued to rally on Wednesday with Wall Street recovering from major losses as U.S. Congress drew near to rolling out a $2 trillion stimulus package in a response to aid a virus-hit economy. MSCI’s broadest index of Pacific ...
Nike Inc (NKE.N) beat estimates for quarterly income on Tuesday as strong digital market covered the first China sales drop in nearly six years from the coronavirus-powered shutdowns, yet the company held back from providing an estimate forecast ...
SINGAPORE- The dollar reversed from underperformance and clocked in minimal gains on Wednesday as growing coronavirus statistics made investors wary. Asian boards are fluctuating but currency movements were cautious compared to large ...
SINGAPORE- Oil prices continued its positive performance for third day on Wednesday. Crude rode bullish tide together with other financial markets on optimism that the U.S. Federal Reserve will soon implement large volume of stimulus package ...
President Donald Trump said on Monday he is seeing how to resume the U.S. economy when a 15-day shutdown ends next week, even as the highly epidemic coronavirus is spreading quickly and hospitals are preparing for a wave of virus-related deaths. “America ...
Softbank Group Corp stock climbed 20% on Tuesday as it extended a two-day rally after the company announced a $41 billion in asset sales and a record share buyback to support its declining share price. Softbank shares closed with a 19% gain ...
Asian stocks managed to find its momentum on Tuesday as U.S. Federal Reserve’s funding plan temporarily relieved market sentiment from pressing losses in financial markets. However, the said scheme seemed inadequate in addressing the ...
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