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Company news

10.07.2020 12:00:42

Dollar sees gains despite U.S. COVID-19 concerns

The Dollar, as well as other safe-haven currencies, performed well on Friday even as recovery hopes were weighed down by a surge of COVID-19 cases in the U.S. Over 60,000 new cases were reported across the United States on Wednesday, a record ...

10.07.2020 12:00:42

Oil prices slip towards weekly declines amid record U.S. COVID-19 cases

Oil prices fell on Friday, continuing steep losses from the previous session as concerns piled over a record surge in COVID-19 cases across the U.S., driving the black liquid for weekly declines. Brent crude futures dipped by 0.6% (25 cents) ...

10.07.2020 10:00:23

Asian stocks decline on virus concerns, China shares halt rally

Asian shares and U.S. stock futures dropped on Friday. This followed after an upsurge in new coronavirus cases in several U.S. states dimmed the possibility of an economic recovery. Meanwhile, investors focused on corporate earnings. MSCI’s ...

10.07.2020 10:00:23

Japan’s wholesale price drop eases in June, outlook dims on frail demand

June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...

10.07.2020 10:00:22

Britain’s retail warns of higher prices without EU trade deal

Britain’s retail industry encouraged UK and EU negotiators to arrive at a post-Brexit trade deal. This came after the retail industry stated that consumers will endure higher prices from next year if a tariff-free trade is not guaranteed. Thousands ...

10.07.2020 10:00:22

Fed balance sheet sinks below $7 trillion, repo falls to zero

The U.S. Federal Reserve’s holdings of bonds and other securities fell on its fourth consecutive week, dropping below $7 trillion, while one key emergency liquidity measure slid to zero. The market took this as a sign that financial ...

09.07.2020 12:00:41

Gold prices fall as it holds ground for eight-year high

Gold traded lower earlier on Thursday in Asia but still remained above the $1,800 mark for three consecutive days. Gold futures lost 0.04% to $1,819.95 per ounce at 10:22 PM ET (3:22 AM GMT), with the yellow metal holding on to gains from ...

09.07.2020 12:00:41

National Bureau of Statistics sees China's Producer Price Index better-than-expected

China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...

09.07.2020 12:00:41

Nasdaq hits another record high as Wall Street rises with tech shares

The U.S stocks increased on Wednesday and large technology companies lifted Nasdaq to another record close as investors continued to shrug off higher numbers of coronavirus cases in the United States. The Nasdaq Composite Index, led by ...

09.07.2020 12:00:40

Ford's first quarterly sales rise in China for the first time in 3 years

American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...

09.07.2020 09:00:23

Asian shares rally as investors focus on earnings

Asian equity markets advanced as investors disregarded the implications of renewed virus lockdowns and emerging Sino-U.S. dispute. Instead, they focused on upcoming company earnings, hoping that global stimulus efforts will render positive ...

09.07.2020 09:00:23

China 's producer prices sink further, recuperation still possible

June had seen China’s factory gate prices falling for five consecutive months. This could be attributed to the novel coronavirus crisis dragging industrial demand. However, improvements monitored in some parts of the sector indicate ...

09.07.2020 09:00:23

Oil falls as coronavirus worries offset gasoline recovery

Oil prices fell on Thursday as worries about reinstated lockdowns in the United States dwarfed signs of a recovery in gasoline demand. Brent crude futures slid 0.2%, or 7 cents, at e$43.22 per barrel. U.S. West Texas Intermediate crude futures ...

09.07.2020 09:00:23

Dollar falls as sentiment for yuan grows

The dollar fell against its peers on Thursday as a rally in risky assets such as commodities and global equities overshadowed safe-haven demand. The Chinese yuan rose to a four-month high of 6.9875 against the dollar. Investors shrugged off ...

08.07.2020 13:00:23

U.S. pandemic aid program saves 51 Million jobs according to Trump administration

U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...

08.07.2020 12:01:31

Trading of AirAsia’s shares stop after E&Y auditor warns the future of airline as a “going concern”

On Wednesday, Bursa Malaysia (KLSE) suspended public trading for low-cost carrier AirAsia Group Berhad (AIRA.KL) after an Ernst & Young external auditor gave an opinion about the airline’s ability to continue as a standing concern. “The ...

08.07.2020 12:01:31

HSBC shares fall as U.S. considers decoupling USD from HKD

British multinational investment bank HSBC saw its shares slump as low as 3% on Wednesday as the U.S. contemplates measures to sanction banks in the city, as well as de-pegging the Dollar from the Hong Kong Dollar. HSBC shares fell by 2.72% ...

08.07.2020 12:01:31

Gold prices retreat amid rising global COVID-19 cases

Gold traded lower earlier on Wednesday in Asia even as the new COVID-19 cases continue to increase globally. However, gold prices still remained above the benchmark $1,800 level. Gold futures slipped by 0.18% to $1,806.6 per ounce at 12:48 ...

08.07.2020 08:01:16

Asian shares unsteady on virus surge, corporate earnings eyed

Asian shares performed unsteadily on Wednesday. This followed after an increase in new coronavirus cases in some parts of the world dampened investors’ optimism over a possible recovery in the economy. Meanwhile, oil prices eased on ...

08.07.2020 08:01:16

Levi Strauss foresees struggling second half as pandemic presses, to cut 700 jobs

Levi Strauss & Co (LEVI.N) expects that its business would lose footing in the second half of the year. The company deemed it possible even as its sales were seen recovering at its reopened stores, following virus-related lockdowns imposed ...

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