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Company news

15.07.2020 10:00:28

Euro hits four-month peak on dollar over EU stimulus hopes

The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...

15.07.2020 10:00:28

Australian consumers wary on lockdown reimplementation: survey

July had seen Australia’s consumer sentiment declining. This was mainly from the reimplementation of coronavirus-related lockdowns in the country’s second-largest city, completely dragging consumers’ confidence after two ...

15.07.2020 10:00:27

Asian shares, risk assets advance on vaccine optimism

Asian share markets advanced on Wednesday as growing hopes about a coronavirus vaccine supported risk appetite. Meanwhile, the euro reached its four-month peak backed by the prospect of stimulus ahead of a crucial EU meeting. MSCI’s ...

14.07.2020 12:00:42

Google offers not to use Fitbit health data to ease EU concerns

Alphabet Inc.’s Google (GOOGL) said on Monday that it would not use Fitbit Inc.’s (FIT) health data to target advertisements in an attempt to address the European Union’s antitrust concerns about its proposed acquisition ...

14.07.2020 12:00:41

California closes businesses as coronavirus cases continue to rise

On Monday, California's Governor Gavin Newsom ordered restrictions on bars, dine-in restaurants, gyms, and even ordinary offices across the state to shut down as coronavirus cases continue to climb which dims the economic growth of the United ...

14.07.2020 12:00:41

Gold prices fall amid strengthening Dollar

Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...

14.07.2020 12:00:41

China sees strong imports and exports data for June, but U.S. tension widen trade surplus

China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...

14.07.2020 12:00:41

Oil drops on demand recovery concerns, OPEC+ easing

Oil prices dropped on Tuesday on fears that reimposed restrictions on businesses to control the surge in U.S. coronavirus cases could offset fuel demand recovery and expectations that OPEC+ might ease production cuts from August. U.S. West ...

14.07.2020 12:00:41

Dollar climbs on U.S.-China diplomatic tensions, coronavirus fears

The dollar climbed against its peers on Tuesday as worries about the U.S.-China diplomatic tensions and rising coronavirus cases affected risk appetite. The dollar traded at 107.26 on the yen after a 0.4% gain in the last session. It stood ...

14.07.2020 10:00:24

Asian shares decline on virus, Sino-U.S. concerns

Asian stock markets plummeted on Tuesday, while oil dropped and a safety bid boosted the dollar’s performance. This followed after emerging Sino-U.S. tensions and new novel coronavirus restrictions in California dampened optimism as ...

14.07.2020 10:00:24

Singapore slips into virus-led recession, GDP drops 41% in second quarter

Singapore’s economy recorded its sharpest contraction in the second quarter. This placed the trade-dependent city-state into recession as it is also expected to suffer from its worst inactivity this year on virus-beaten businesses. The ...

13.07.2020 16:00:39

Gold prices up as global COVID-19 cases surge in record number

Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...

13.07.2020 16:00:39

Oil prices dip as investors expected oil supply easing at Wednesday’s OPEC meeting

Oil prices traded lower in Asia earlier on Monday, a few days before OPEC’s technical meeting scheduled on Wednesday. Investors are expecting that OPEC would further recommend the easing of its current supply cuts in a bid to reverse ...

13.07.2020 16:00:39

Singapore announces readiness of blockchain-based payments

Singapore said on Monday it is ready to release its developed blockchain-based payments network that would pave the way for faster and cheaper international settlements. The Monetary Authority of Singapore joined forces with state investor ...

13.07.2020 16:00:38

Alibaba's co-founder Jack Ma sells $8.2 billion shares, stake falls to 4.8%

Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...

13.07.2020 16:00:38

World shares near five-month high as earnings season begins this week

On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...

13.07.2020 09:00:22

China’s export inactivity to ease on economic resumption, imports decline less

The inactivity in Chinese exports likely eased in June as several countries resumed their economic operations. Meanwhile, imports declined milder on higher crude oil and commodities purchases, a Reuters survey showed on Monday. Economists ...

13.07.2020 08:00:34

Asian shares firm as investors anticipate upbeat U.S. earnings

Asian shares advanced on Monday backed by investors’ confidence over U.S. earnings. Investors heavily anticipate a prosperous earnings season, with most companies expected to surpass forecasts now that outlooks had been lowered by COVID-19 ...

10.07.2020 12:00:42

Electric car company Tesla plans to join the S&P 500

Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...

10.07.2020 12:00:42

U.S. jobless claims fall at a nearly four-month low; 33 Million Americans file for unemployment benefits

The United States Labor Department reported on Thursday that jobless claims edged down to a near four-month low since last week, while 32.9 Million Americans collected unemployment benefits in the third week of June. The government agency ...

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