Economic news

On Monday, Walt Disney Co (DIS) announced that it would start reorganizing its media and entertainment sector to accelerate the growth of Disney+ and its other streaming services. “Managing content creation distinct from distribution will allow us to be more effective and nimble in making the content consumers want most, delivered in the way they […]

September had seen China’s imports advancing at their most rapid pace this year. Meanwhile, the country’s exports rallied further as more trading partners lifted coronavirus-driven restrictions in a bid to support the world’s second-largest economy. Imports advanced 13.2% in September. The figure reversed from a 2.1% drop in August as it came higher than the […]

Asian share markets failed to track Wall Street’s rally, recording a series of declines on Tuesday. This followed after China’s post-holiday rally eased, but the technology sector’s upbeat performance and renewed hopes for U.S stimulus are expected to maintain investors’ sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.09% drop. China had […]

The dollar rose in early Monday trading as risk currencies fell after talks about a U.S. stimulus aid package resumed. The yuan fell after the Chinese central bank aimed to curb the currency’s strength. The euro fell 0.1% to $1.1817, while the Aussie lost 0.3% to $0.7222. The yen steadied at 105.52 against the dollar. […]

Oil prices fell for a second session on Monday as U.S. producers resumed production in The Gulf after Hurricane Delta’s passage. Meanwhile, a strike in Norway that threatened to cut production has ended. Brent crude for December delivery slid 1.3%, or 55 cents, at $42.30 per barrel. U.S. West Texas Intermediate for November contract fell […]

Pharmaceutical company Mallinckrodt Plc filed for Chapter 11 bankruptcy protection on Monday after the firm faced lawsuits alleging its involvement in the U.S. opioid epidemic and lost a court battle to avoid paying higher rebates to state Medicaid programs for its top-selling drug. The company listed both assets and liabilities in the range of $1 […]

South Korea’s central bank is expected to keep its interest rates unchanged on Wednesday amid rising concerns over increasing household debt and property prices, which could be affected on any policy changes. The Bank of Korea (BOK) kept its rates at a record low of 0.50%, according to 34 analysts surveyed by Reuters, after a […]

Gold prices rose earlier on Monday in Asian trading after investors flocked to the safe-haven asset amid a strengthening Dollar strengthened and the stalling of talks over the latest U.S. stimulus measures. Gold futures gained 0.37%, trading at $1933.35 per ounce at 12:08 AM ET (4:08 AM GMT), its highest since September 21, which traded […]

Chinese shares’ strong performance drove Asian stock markets to a two-year high on Monday. This could be attributed to investors’ upbeat sentiment over a steady recovery in China. However, U.S. stimulus talks kept the dollar firm, while a central bank policy restricted the yuan. MSCI’s broadest index of Asia-Pacific shares outside Japan reached a 2-1/2-year […]

September had seen Japan’s wholesale prices dropping 0.8% from a year ago, data showed on Monday. The drop came to be the seventh consecutive month of year-on-year declines, tipping back the world’s third-largest economy into deflation. The corporate goods price index (CGPI) recorded a 0.8% drop, placing sharper than the 0.5% median forecast rendered by […]