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Dollar stands strong with support from domestic data and virus optimism The U.S. Dollar stood strong on Thursday after gaining support from firm domestic data and an optimistic viewpoint that the coronavirus’ impact on the economy would ...
TOKYO- Asian stocks clocked in gains on Wednesday as Chinese stocks inched up brought by optimism of increased stimulus to reduce the economic affliction of coronavirus contagion. However, risks still linger as the virus continues to spread ...
Tesla is on a roll early this 2020 as its shares skyrocketed anew on Tuesday. Tesla’s shares increased by as much as 20.5%, and trading as high as $940. This milestone appreciated Tesla’s worth at around $170 billion. In the last ...
Singapore’ central bank said that its exchange rate-based monetary policy remains unchanged as the coronavirus outbreak further weakened global economic growth. They furthered that its policy stance remains appropriate as the currency ...
Dollar holds against the Yen amid growing virus risks The U.S. Dollar held its ground against the Japanese Yen on Wednesday amid the ever-growing risks of the coronavirus heavily impacting the global growth of the economy. The Yen had seen ...
MATSUYAMA, Japan- The Bank of Japan (BOJ) is ready to implement and increase stimulus proving that the economy’s recuperation is derailed, Deputy Governor Masazumi Wakatabe disclosed on Wednesday, saying that the novel coronavirus contagion ...
Oil prices gained over 1% on Wednesday, underpinned by news of potential extended production cuts by OPEC+ to counter weak global oil demand caused by coronavirus outbreak. Brent crude oil futures LCOcl gained 1.4%, or 74 cents, at $54.70 ...
The central bank of Australia is considering to lessen monetary policy and cut interest rates if unemployment rate increased and inflation stalled. Unemployment rate decreased to 5.1% in December while inflation rose in the final quarter of ...
Piling virus concerns drive oil markets into bearish territory, OPEC+ calls urgent meeting Oil prices fell at nearly $50 a barrel as concerns on the coronavirus drove it into a bearish market. On Tuesday, OPEC called for an urgent meeting ...
Chinese Yuan holds steady amid coronavirus-led anxiety China’s currency and stock markets held steady on Tuesday after news of the spreading virus in China hit the Yuan. In the previous session, the Yuan had lost around $400 billion ...
Oil prices gained following rebound in other financial markets as investors steady after a sharp sell-off on Monday. Fears on the effect of the virus outbreak on oil demand caused crude oil to drop to its lowest in over a year. Brent crude ...
Tesla posted its one of the largest one-day gains, up by 20% on Monday trade after getting a lift from Panasonic’s quarterly profit report. The appointment of Elon Musk as the Chief Executive Officer made significant changes in the company’s ...
Prime Minister Scott Morrison announced on Tuesday that Australia is considering holding a second evacuation flight from Wuhan City, China amid the outbreak of the novel coronavirus since its first flight already landed on Christmas Island ...
The Reserve Bank of Australia (RBA) kept its cash rate unchanged after holding its first meeting of 2020 on Tuesday. It also remained optimistic despite the ongoing plagues experienced locally and worldwide in bushfires and virus outbreak, ...
The dollar steadied on Tuesday as a US manufacturing survey showed sudden recovery, but the yuan and AUD subdued due to wider virus outbreak concerns. The dollar index gained 0.44% on Monday, last at 97.802, as the Institute for Supply Management ...
Oil prices continued losses due to lower demand in China in the face of the virus outbreak. China is the world’s largest oil importer. US West Texas Intermediate (WTI) and Brent crude slid for the fourth straight week after international ...
Chinese stock and commodity markets plunged on Monday’s opening as investors ditched risky assets due to rising concerns on the coronavirus spread. The market drop took away nearly $370 billion, or 9% lower in market capitalization from ...
Days after Brexit, British Prime Minister Boris Johnson would consider setting a looser trade agreement with the European Union, a trade deal arrangement akin to that of the EU and Australia trade ties. This possibility is an indicator that ...
Louis Vuitton launched its new business venture by opening its Osaka-based store in Japan, featuring a restaurant and café named Le Café V and Sugalabo V as its new flagship store. The Louis Vuitton Maison Osaka Midosuji is a ...
China’s industry reports first profit decline in 4 years China’s industrial firms on Monday posted their first annual decline in profits in four years in 2019. The decline has been attributed to the country’s slowest economic ...
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