Economic news

Asian share markets and U.S. stock futures gained on Thursday. The series of gains followed after the Federal Reserve decided to maintain its accommodative monetary policy while expecting that the economy of the United States would stage an impressive rebound from the coronavirus crisis. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.99% […]

Apple Inc reported on Wednesday it allotted $2.8 billion for its projects that aim to eliminate an average of 921,000 metric tons of carbon emissions each year. The said amount of fund raised was raised from green bonds, a category of fixed-income securities that raise capital for projects with environmental benefits, including low-carbon transport. Being […]

Gold prices flirted near their highest level in more than two weeks as the possibility of higher inflation loomed larger. The caution ahead of the up-and-coming US Federal Reserve policy decision, however, curbed further gains of the yellow metal. Gold futures added 0.22% at $1,734.75. For the fourth straight day, the dollar gained as the […]

The dollar firmed against major peers on Wednesday as investors looked to the U.S. Federal Reserve’s policy meeting for hints on rate hikes and rising bond yields. The dollar strengthened by 0.1% to 109.085 against the yen, lingering near nine-month highs reached this week. The euro was flat against the dollar after dropping in the […]

Oil prices were mixed on Wednesday as doubts about demand in Europe offset hopes for U.S. refinery activity recovery as U.S. crude inventories unexpectedly declined last week. Brent crude futures slid 0.1%, or 7 cents, at $68.32 per barrel after initially rising by 23 cents. U.S. West Texas Intermediate crude futures climbed 4 cents to […]

Japan had seen its exports drop faster than what was expected in February as shipments bound to the United States and China weakened. The drop came to be a point of concern for the world’s third-largest economy as it tries to stage a rebound from the coronavirus crisis. Data from the Ministry of Finance showed […]

Asian share markets declined from high grounds on Wednesday. This came after Wall Street saw a subdued overnight session on investors’ anticipation that the U.S. Federal Reserve will signal faster-than-expected policy normalization. MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.3% decline, with South Korea’s Kospi and Australia’s S&P/ASX 200 performing the weakest. […]

Shares of Moderna went up 2.3% on Tuesday after the vaccine producer reported it had started its VOCID-19 vaccine trial in children aged between six months and 12 years old. The vaccine trial will be highly indicative of the efficacy of Moderna’s developed COVId-19 immunization for kids. The vaccine, named mRNA-1273, will be given in […]

Finance ministers of the euro zone were one to pledge continued fiscal support until 2022 in an effort to lift the common currency area to rise up from the coronavirus crisis. They also said that they would take care of the increasing debt only once the economic rebound starts. The eurogroup said the fiscal support […]

The dollar held on to gains made on Tuesday as caution dominated the currency markets ahead of major central bank gatherings, starting with the Federal Reserve’s two-day meeting that will start later in the day. The dollar lingered below its highest level since June against the yen. It stood at $1.19 on the euro in […]