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TOKYO- Japanese manufacturing activity experienced the sharpest decline in seven years in February, as series of impact and disruptions brought by the coronavirus contagion boosted the possibility of a recession in the world’s third-largest ...
The Japanese yen is nearing its worst week in over two years on Friday as coronavirus concerns spread to Japan, Beijing, and South Korea, moving funds to the U.S. dollar. The yen dropped to its lowest since April after two straight days of ...
Japan’s core consumer inflation barely recovered in January. This had put pressure on the Bank of Japan to maintain its massive monetary stimulus to underpin the economy weakened by slow growth and weak prices. Tame inflation is cause ...
The Brexit transition period slated until December 2020 to negotiate with its former bloc, the European Union is less likely to happen, according to a poll conducted by Reuters in which more than half or two-thirds of economist-respondents ...
Morgan Stanley to strike a $13 billion deal with E*Trade Morgan Stanley said on Thursday that it would buy E*Trade Financial corp in a stock deal amounting around $13 billion. The deal with the discount brokerage has been seen as the biggest ...
Samsung appoints former finance minister Bahk Jae-wan as new board chairman Samsung Electronics said on Friday that former finance minister Bahk Jae-wan had been appointed as the tech giant’s new board chairman after his predecessor ...
China had cut the benchmark lending rate on Thursday in a widely-anticipated action to lessen its business’ financing costs in an economy disrupted by the virus outbreak. The one-year loan prime rate (LPR) was lowered by 10 basis points ...
Investors preferred the dollar as safe haven as the yen suffered a sudden drop, causing investors to dodge local assets. Most currencies, from the Australian dollar to the Indian rupee were troubled as the virus’ impact caused investors ...
The Japanese yen dropped to a near nine-month low against the dollar as investors recover gain appetite, hoping that China can reduce the impact of the virus outbreak. The yuan was down in onshore trade against the dollar after China cut benchmark ...
The S&P 500 and Nasdaq closed at record highs on Wednesday amid expectations of a newly-issued stimulus from Beijing to soften the economic impact of the coronavirus. The spread of the virus had been reported to show signs of slowdown ...
Oil clocked in an estimated 1% gains on Thursday, continuing its upward movement from Wednesday as the market was dampened by supply sentiments. In line with this, demand concerns were minimized following a big decline in new novel coronavirus ...
WASHINGTON- The coronavirus contagion has already brought intensive level of tension in China’s economy and further spread of the virus to other nations could inflict more damage to an already weak recovery of global economy, the International ...
European Union leaders will have to figure by themselves the surfacing budget issues they now inevitably face as Britain formally left the bloc in January. The void is in the bloc’s 2021-2027 finances, with Britain plucking out a whopping ...
TOKYO- Oil prices recorded a well-ended session on Wednesday. However, it remained neutral as gains were restricted by the growing damage of the coronavirus contagion which originated from China. In line with this, a decrease in new ...
TOKYO- Asian shares and U.S. stock futures clocked in gains on Wednesday. Upbeat market activity followed as investors grew a bit optimistic on recent decline in the novel coronavirus's number of new cases. MSCI’s broadest index of Asia-Pacific ...
Japanese machinery orders fell at the fastest pace since 2018, while exports declined for its 14th straight month as Japan’s economy struggled against the impact of the recent sales tax hike and the novel coronavirus outbreak. Exports ...
Thailand’s economy will grow at a slower pace than previously predicted and lower than its potential, according to the Central bank’s minutes of the meeting. The Central Bank has already cut interest rates to record low due to ...
The Federal Reserve Bank of New York said on Tuesday that American consumers are anticipating their household spending to inflate more slowly over the next twelve months. The median forecast yielded an overall 2.3% increase for household spending ...
EU to propose plans to boost European firms and compete with U.S. tech giants The European Commission said on Wednesday that it will launch initial proposals to help companies in Europe benefit from its rich industry data. The proposal will ...
Dollar outperforms Euro as investors consider a deepening virus impact The U.S. Dollar towered over the declining Euro and other heavily sold exporter currencies on Wednesday as investors took into consideration of a deepening economic fallout ...
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