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Oil prices remained steady on Friday but are more likely to rake in more gains mainly from expectations that major oil manufacturers will implement larger oil reduction to aid demand slump in China, the world’s second-biggest oil importer. ...
SEOUL- Oil prices continued to advance for three consecutive days. Such upbeat activity followed after market sentiment boosted on expectations that primary oil manufacturers will implement deeper output reduction to recuperate from slump ...
TOKYO- The yen recovered from three weeks of underperformance against greenback on Thursday. Upbeat activity followed after Hubei province in China reported an atrocious increase in the number of new coronavirus cases boosting markets and ...
Facebook postponed the launching of its dating service in Europe which was scheduled for the eve of Valentine’s Day after Irish data regulator official searched its offices. According to the regulating body, the conducted inspection ...
Taiwan’s Foxconn said on Thursday that the recent Reuters reports about the company resuming operations in production plants were not factual. The contract electronics manufacturer, currently supplying tech giant Apple Inc, made the ...
Wall Street reached new record highs on Wednesday as investors recover appetite over coronavirus slowdown. Technology shares led the rally that lifted three major U.S. stock averages to new highs. The S&P 500 and Nasdaq closed three consecutive ...
Chinese stocks drop as Hubei virus cases reports double up Chinese stocks dropped amid a surge in the number of new people infected by the coronavirus were reported in the Hubei province. Seen as the province at the center of the epidemic, ...
Global equity markets reached new highs as China reported the lowest new cases in two weeks. Investors hope for a shift in the market as Chinese medical adviser says virus can be contained in a few months. Total confirmed cases rose to 44,653, ...
Asian shares inch higher as threats of coronavirus recede Asian shares inched higher on Wednesday amid news of the receding threat of the coronavirus in China. However, uncertainty about the economic impact of the outbreak still kept investors ...
SoftBank shares surge up to 14% after U.S. judge approves merger between T-Mobile and Sprint Shares of SoftBank Group Corp. in Japan shot up by 14% on Wednesday after a U.S. judge green-lit a $26 billion merger between T-Mobile and Sprint—a ...
Samsung Electronics introduces its latest smartphone innovation, flaunts a foldable phone with a 5G mobile network to intensify fierce competition with mobile companies, Apple and Huawei on Tuesday. Samsung is out to maintain its status as ...
SEOUL- Oil prices advanced continuing its Tuesday’s well-ended performance on Wednesday. Such upbeat activity was mainly from signals that coronavirus cases are decelerating in China, relieving investors from demand concerns brought ...
Korean automaker Hyundai Motor Co expanded its future automobile profile by collaborating with California-based startup Canoo in producing electric vehicles, the company disclosed on Tuesday. The said pact with Canoo was the second agreement ...
China will strengthen stimulus if economic slowdown continues amid virus spread, Changyong Rhee, senior official at International Monetary Fund said. But China should not disregard structural reforms to cater rapid credit growth, he added. Rhee, ...
The U.S. dollar pulls back from a four-month high against the Euro as appetite for risk currencies improved after the weeklong rally when investors feared the virus outbreak. Nasdaq and S&P 500 indexes gained new highs as a top Chinese ...
Apple’s iPhone maker Foxconn reopens China plants amid virus outbreak Apple Inc’s main iPhone maker Foxconn was given the signal to reopen two of its major plants in China despite the severe situation of the coronavirus outbreak ...
Safe-haven assets rise amid coronavirus concerns Gold prices rose while the USD/EUR currency pair reached a four month high on Monday as investors retreated to safe-haven assets amid China’s rising death toll from the coronavirus outbreak. Weak ...
The coronavirus outbreak in China could cut the country’s economic growth by 1% in 2020, said Zeng Gang, a Chinese government think tank senior member. The vice chair of the National Institute for Finance and Development cited the 2003 ...
The dollar and Yen, as well as US and Japanese bonds, gained as investors seek for safe havens amid coronavirus concerns. The World Health Organization said that cases of infected people who haven’t been to China might be the start of ...
SINGAPORE- Oil prices clocked in more than 1% on Tuesday as previous declines urged short position investors to take profit. However, market sentiment dwindled due to novel coronavirus that is responsible for the death of more than 1,000 individuals ...
KYC Policy