Economic news

WASHINGTON – The U.S. securities inspector on Monday forewarned corporate executives against insider dealing during inconvenience caused by the coronavirus, in an unusual statement that emphasizes the chaos cascading through financial markets. Company supervisors, personnel, human resources, investigators, and other outside professionals who have access to material, nonpublic information should be “mindful of their obligations” […]

Asian stocks managed to find its momentum on Tuesday as U.S. Federal Reserve’s funding plan temporarily relieved market sentiment from pressing losses in financial markets. However, the said scheme seemed inadequate in addressing the economic impact of the novel coronavirus. Wall Street remained flat on red but S&P 500 E-Mini futures jumped by 3% while […]

Oil prices fell on Monday as governments increased lockdowns to limit the spread of the global coronavirus outbreak that has dropped the demand outlook for oil and threatened a worldwide economic compression. Brent crude LCOc1 futures dropped $1.09, or 4% to $25.89 a barrel by 0209 GMT. West Texas Intermediate (WTI) crude CLc1 futures fell […]

The U.S. stock index futures fell on Monday as fears of economic damage grew in the markets due to various national lockdowns in an attempt to contain the pandemic.  Goldman Sachs predicted a 24% decline in US real GDP in the second quarter. In early morning trade, the Dow e-minis dropped 3.64%, or 694 points; […]

Singapore Airlines Ltd (SIAL.SI) will decrease capacity by 96% and land almost all of its fleet, the carrier said on Monday, in reaction to the coronavirus travel restrictions it called the “greatest challenge” it had ever faced. The expedient comes as international travel capital Singapore closed borders to tourists and transiting passengers in a bid […]

Wall Street is expected to suffer another week of rough US markets due to the pandemic as lawmakers decide on economic aid packages in Washington. Stock market futures suffered a steep fall while Treasury-bond futures gained, indicating smooth-sailing trades in the following week. Despite the historic fall in share prices in recent weeks, Wall Street […]

TOKYO- The dollar topped the trading board against basket of other major currencies on Monday. Upbeat performance was mainly from investors’ decision of resorting to fiat currencies as recent setbacks faced by global stocks and concerns of tightening liquidity continue to press. The U.S. greenback gained against sterling and recorded its strongest activity since 1985. […]

SYDNEY- Asian shares dropped on Monday as series of national lockdowns endanger authorities’ schemes of nursing economic disruptions and what appears to be a sharp worldwide recession brought by the novel coronavirus. S&P 500 E-mini futures sunk down 5% while the EUROSTOXXX 50 futures plummeted 6.4%. MSCI”s broadest index of Asia-Pacific shares shed 3.8% as […]

Gold prices surged up in Asian markets on Monday morning amid a weakening U.S. Dollar, recovering the yellow metal from a streak of losses last week. Gold Futures had momentarily surpassed the $1,500 mark with an opening of $1,506.15 per ounce before it settled at $1,490.45 by 9:22 PM ET (1:22 GMT). Gold has once […]

U.S. Federal Reserve officials with experience handling crises said that the central bank was open to roll out additional action in order to soften the economic impact of the coronavirus pandemic. As of now, the Fed are aiming to provide assistance to corporate bonds as well as local and state governments. St. Louis Federal Reserve […]