Economic news

Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%. Japan’s Nikkei was up 1.3%. Chinese blue chips hiked 3%, adding to its 7% gain […]

The dollar steadied against its peers on Monday as investors awaited data showing a rebound in the U.S. services sector, a sign that the economy is recovering. The dollar climbed to 107.74 on the yen. It slid to 0.9443 on the Swiss franc.  The euro traded in a narrow range ahead of the release of […]

Berkshire Hathaway Inc.’s (BRK.A, BRK.B) Chief Executive Officer Warren Buffett announced on Monday that its energy unit agreed to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D.N) worth $4 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March 2020. […]

On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would be working from home and would be under flexible hours. “We will overhaul our […]

Brent crude advanced on tighter supplies while U.S. benchmark WTI futures fell on concern that an increase in novel coronavirus cases could cap oil demand in the United States. This projected a mixed market view on Monday. Brent crude LCOc1 jumped 18%, or 0.4%, to $42.98 per barrel by 0252 GMT. This followed after it […]

The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France predicted that the European zone’s second-largest economy would record a 12% performance below normal […]

New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively smaller compared to that in March, April, and May. According to the Motor Manufacturers and Traders (SMMT), […]

Gold prices fell earlier on Monday in Asia as a continuous surge in new COVID-19 cases halted its recent rally and battered hopes of a swift economic recovery. Market sentiment soured as investors digested the number of cases worldwide. The U.S. reported over 2.8 million new COVID-19 cases in the country as of July 6 […]

Taiwan’s exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues to disrupt global demand for the island nation’s electronics exports. Taiwan is […]

European stocks traded higher earlier on Friday after strong factory data from China fuelled a rebound in Asian markets. However, investor optimism remained limited as the U.S. reported a record surge in new COVID-19 cases. The STOXX 600 gained 0.2%, remaining steady near its strongest level in three weeks. However, gains were limited by a […]