Economic news

The Dollar traded lower earlier on Monday in Asian markets ahead of a U.S. Fed speech by officials scheduled for later in the week. The U.S. Dollar Index, which tracks the Greenback against a basket of other currencies fell by 0.16% to 92.870 at 9:55 PM ET (0255 AM GMT). Against the Chinese Yuan, the […]

Oil prices inched higher on Monday after a third tropical storm this month aimed for the U.S. Gulf of Mexico, halting some production in the region. However, gains remained limited on the possible return of Libya’s oil production and a resurgence of new COVID-19 cases globally. Brent crude fell 0.2% (9 cents) lower, trading at […]

China, the world’s largest market for automobiles and new energy vehicles, released new policies to boost hydrogen fuel cell vehicles and improve the industry’s supply chain and technologies. While previous policies in support of NEV makers provided subsidies on sales, the new policies will require companies and local governments to create a more mature supply […]

HSBC and Standard Chartered’s Hong Kong shares fell on Monday after news that they and other banks moved large sums of allegedly illegitimate funds for almost two decades despite the questionable origins of the money. Media reports were based on leaked suspicious activity reports (SARs) filed by banks and financial firms with the U.S. Department […]

The first 20 days of September saw South Korean exports recovering from six consecutive months of decline. The rebound was mainly from increased microchip and automobile sales, boosting recovery optimism in the trade-dependent economy. From Sept. 1 to 20, exports advanced 3.6% from a year ago. Meanwhile, imports recorded a 6.8% drop on an annual […]

Asian share markets and majority of currencies were seen restrained on Monday. This followed after investors’ sentiment was affected by concerns about U.S. fiscal stimulus and vaccine clinical trials amid an upsurge of new virus cases in Europe. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.1% decline. Australia’s benchmark index was 0.5% […]

On Saturday, Rolls-Royce Holdings Plc. (RR.L) reported that it plans to tap investors for 2.5 billion pounds ($3.2 billion) to boost its finances amid the coronavirus outbreak. The British multinational engineering company said that it was working with Goldman Sachs’s (GS) bankers on debt and equity issuances. “We continue to review all funding options to […]

On Sunday, Guolian Securities Co. (1456.HK601456.SS) announced that it would buy Sinolink Securities Co. (600109.SS) through a stock swap. The securities brokerage company said that it would also purchase a 7.82% share from Sinolink’s biggest shareholder Yongjin Group. “The agreement of intent on share transfer was entered into between the Company and Guolian Securities Co. […]

European stock markets fell substantially low earlier on Friday as uncertainties of the progress of a global economic recovery continued to weigh in. CAC futures in France traded 0.2% lower at 2:10 AM ET (0610) GMT), while FTSE futures in the U.K. lost 0.7%. However, Germany’s DAX futures inched up by 0.1%. Europe’s economic data […]

The Dow hovered off of lows on Thursday after the tech sector retook some lost ground. However, it still remained deep in negative territory as market sentiment dampened due to bleak economic data and signs of slowdown in global recovery from the COVID-19 pandemic. The Dow Jones Industrial Average lost 0.63% (177 points), with the […]