coinstore (2)in #bankofengland • 4 years agoBank of England to keep policy on hold due to gloomy economic forecastThe Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of…coinstore (2)in #yen • 4 years ago‘Rapid’ rise of yen a cause for worry, says Japan finance minister Japan s Finance Minister Taro Aso expressed worries about the yen s continual rise, calling it rapid and hinting at the strong currency s impact on exports as Japan struggles…coinstore (2)in #japan • 4 years agoJapan’s factory output recovers, unemployment rate drops on lockdown easing June had seen Japan s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity…coinstore (2)in #asianshares • 4 years agoAsian stocks dwindle as global growth fears overshadow strong tech earningsAsian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The…coinstore (2)in #europeanshares • 4 years agoEuropean shares trade lower after weak earnings reportsEuropean shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the…coinstore (2)in #dollar • 4 years agoDollar briefly up as investors focus on Fed, coronavirus stimulusThe dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as…coinstore (2)in #oilprices • 4 years agoOil falls as virus fears weigh on demand recovery Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for…coinstore (2)in #samsungelectronics • 4 years agoSamsung expects upbeat chip demand, second quarter profit climbsSamsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company…coinstore (2)in #asianshares • 4 years agoAsian stocks jump, dollar plunges on Fed’s policyAsian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing…coinstore (2)in #dollar • 4 years agoDollar sits near two-year lows ahead of Fed policy meeting The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy…coinstore (2)in #oilprices • 4 years agoOil climbs after U.S. stockpile drop prompts demand fears Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude…coinstore (2)in #greatbritain • 4 years agoBritain signs deal with Sanofi/GSK for 60 million doses of COVID-19 vaccineBritain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and…coinstore (2)in #bankindonesia • 4 years agoIndonesia launches $7 billion loan guarantee scheme for 'priority' companiesIndonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued…coinstore (2)in #remingtonarms • 4 years agoRemington Arms declares bankruptcy for the second timeOn Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales…coinstore (2)in #dollar • 4 years agoDollar slumps as markets focus on Fed, U.S. fiscal aid The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S.…coinstore (2)in #oilprices • 4 years agoOil rises on weak dollar, U.S. coronavirus aid hopes Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic.…coinstore (2)in #employmentrate • 4 years agoAustralian employment rate drops on second wave of virus Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria…coinstore (2)in #samsungelectronics • 4 years agoSamsung shares advance on Intel’s outsourcing schemeSamsung Electronics shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp s plan of outsourcing more…coinstore (2)in #dollar • 4 years agoDollar eases amid U.S.-China tensions, coronavirus impactThe dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall…coinstore (2)in #oilprices • 4 years agoOil falls on rising coronavirus cases, U.S.-China conflict Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per…