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coinstore (2)in #bankofengland • 4 years ago
Bank of England to keep policy on hold due to gloomy economic forecast
The 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…
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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…
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coinstore (2)in #japan • 4 years ago
Japan’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…
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coinstore (2)in #asianshares • 4 years ago
Asian stocks dwindle as global growth fears overshadow strong tech earnings
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The…
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coinstore (2)in #europeanshares • 4 years ago
European shares trade lower after weak earnings reports
European 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…
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coinstore (2)in #dollar • 4 years ago
Dollar briefly up as investors focus on Fed, coronavirus stimulus
The 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…
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coinstore (2)in #oilprices • 4 years ago
Oil 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…
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coinstore (2)in #samsungelectronics • 4 years ago
Samsung expects upbeat chip demand, second quarter profit climbs
Samsung 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…
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coinstore (2)in #asianshares • 4 years ago
Asian stocks jump, dollar plunges on Fed’s policy
Asian 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…
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coinstore (2)in #dollar • 4 years ago
Dollar 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…
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coinstore (2)in #oilprices • 4 years ago
Oil 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…
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coinstore (2)in #greatbritain • 4 years ago
Britain signs deal with Sanofi/GSK for 60 million doses of COVID-19 vaccine
Britain 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…
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coinstore (2)in #bankindonesia • 4 years ago
Indonesia launches $7 billion loan guarantee scheme for 'priority' companies
Indonesia 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…
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coinstore (2)in #remingtonarms • 4 years ago
Remington Arms declares bankruptcy for the second time
On 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…
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coinstore (2)in #dollar • 4 years ago
Dollar 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.…
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coinstore (2)in #oilprices • 4 years ago
Oil 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.…
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coinstore (2)in #employmentrate • 4 years ago
Australian 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…
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coinstore (2)in #samsungelectronics • 4 years ago
Samsung shares advance on Intel’s outsourcing scheme
Samsung 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…
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coinstore (2)in #dollar • 4 years ago
Dollar eases amid U.S.-China tensions, coronavirus impact
The 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…
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coinstore (2)in #oilprices • 4 years ago
Oil 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…
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