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Australian inflation rose at the end of 2019 but remains below target despite three interest rate cuts, prompting central bank to think of new measures to revive consumer prices. The consumer price index climbed 0.7% in the fourth quarter, ...
US stocks indexes rebound after Tuesday’s big drop US Stocks closed on a higher note on Wall Street Tuesday, recovering from a sharp drop in the market the day before. The rebound ended the 5-day losing streak of the Dow Jones Industrial ...
Risk currencies hold steady as investors assess virus fallouts Risk currencies steadied on Wednesday as investors evaluated the economic damage that resulted from the outbreak of the China virus. Investors banked on hopes that Hong Kong shares ...
Oil prices sunk down with 2% loss as it recorded consecutive months of lows on Monday. Such inactivity was brought heavily by the growing number of novel coronavirus cases and city lockdown that may drastically affect demand for crude. Brent ...
Britain revealed on Sunday its minted 50 pence coin to mark the country’s exit from the European Union. The said coin was embossed with encryption “Peace, prosperity and friendship with all nations” together with Brexit date ...
Singapore’s economy will be badly hit by the spreading new Coronavirus which started in China at the end of 2019 and has spread to the city-state, said the trade minister on Monday. Considered as of the Southeast Asian go-to destination ...
The Japanese yen soared and the Chinese yuan slipped in offshore trade as death toll on the new coronavirus outbreak in China rose to 80. Global worries echo on containing the virus while governments prioritize risk aversion. The yen peaked ...
Copper prices plummet as concerns over China virus intensifies London copper dropped to its lowest in 8 weeks on Monday as concerns over the new virus in China intensified after it had claimed 80 victims. On the London Metal Exchange, prices ...
Japanese government bonds gain with 30-year yield hitting its lowest in 3 months Japanese government bonds (JGBs) saw gains on Monday with the yield of 30-year bonds hitting its lowest in 3 months. The drop in its yield level has been due ...
Oil prices were stable on Friday but are expected to sink lower with an estimated 5% loss for the week. Such was brought by emerging concern that fuel demand may weaken as the coronavirus that originated from Wuhan City of China that has resulted ...
With growing inclination in technology, several central banks are planning to release their own virtual currencies, according to findings of Bank for International Settlement. Research showed an additional 10% increase as 20% of the 66 central ...
Global economic uncertainties and a sales tax hike in 2019 may have hit hard on capital spending and inflation expectations, warned Bank of Japan policymakers as reflected on the central bank’s minutes of the meeting in December. One ...
The largest fall in Chinese stocks in eight months caused global equity markets to roil as global concerns heighten on the coronavirus outbreak in China. Millions of Chinese prepare for the Lunar New Year to begin on Saturday, the peak travel ...
Asian stocks hold steady despite investor fears over China virus Asian shares held steady on Friday as trade slugged toward the Lunar New Year despite growing concerns over the new virus in China. Investors had feared that the coronavirus ...
Intel shows signs of turnaround for 2020 Intel Corp on Thursday signaled the market view that the chip industry would be reaching a turnaround after a prolonged slowdown. Driven by cloud computing demand, the 2020 forecast is expected to see ...
Contraction in Japan’s factory activity bogs down in slowest pace in five months Japan’s factory activity shrank for a ninth-month straight in January at the slowest pace in five months. Economists speculate the slowing of pace ...
Oil prices sunk to lowest level in seven weeks on Thursday dragged by anxiety that contagion of China’s new strain of virus may reduce fuel demand. In line, figures disclosed that United States’ oil inventories advanced last week. ...
Ford Motor Co said that its fourth quarter earnings will be affected by a pre-tax loss of up to $2.2 billion caused by a higher contribution to its employees’ pension plans. The higher contribution was due to a decrease in discount rates, ...
The Japanese Yen advanced and Chinese Yuan plummeted on Thursday, as traders remained cautious on China’s Coronavirus. The Australian Dollar recuperated from previous inactivity over strong employment statistics. The Safe-haven Yen ...
Asian stocks drop as China’s containment plan puts Wuhan city in lockdown Asian stocks had dropped on Thursday morning after China issued a travel suspension in the entire city of Wuhan to prevent the spread of the Coronavirus. Both ...
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