Journalism of Courage
WORLD MARKET NEWS - Page 16
Asian shares fall after Trump takes aim at China tech firms
August 7, 2020 11:03 IST
MSCI's broadest index of Asia-Pacific shares outside Japan lost 1% and Hong Kong's Hang Seng fell 2%. Tencent, Asia's second-biggest company by market capitalisation, dropped 9.0%.
Philippine economy dives into recession in worst slump on record
August 6, 2020 15:24 IST
The Southeast Asian nation's economy shrank by 16.5% in April-June from the same period last year - the biggest slump in the government's quarterly GDP data dating back to 1981, the Philippine Statistics Authority said on Thursday.
Australia expects unemployment to peak near 10% after COVID-19 shutdowns
August 6, 2020 11:23 IST
Australia previously saw unemployment hitting a high of 9.25% this year. But after Victoria, the country's second-most populous state, ordered a six-week lockdown around Melbourne, unemployment will peak at about 10%, Morrison said.
Dollar wallows and stocks inch higher as stimulus eyed
August 6, 2020 10:15 IST
Following Wall Street's lead, MSCI's broadest index of Asia-Pacific shares outside Japan extended the week's rally by 0.3% to a fresh six-and-a-half-month high.
Bridgestone to cut almost $2 billion in costs to ride out virusSubscriber Only
August 5, 2020 16:34 IST
Half of the reductions will come from reduced advertising and events, and another half from fewer investments this year, we all as other cuts, Bridgestone Corp's Chief Executive Officer Shuichi Ishibashi said in a recent interview.
Gold shines on falling dollar, yields; pandemic cost concerns drag on shares
August 5, 2020 10:35 IST
Spot gold jumped to a record high of $2,030.72 per ounce on Wednesday as bond yields hit new lows. Prices have soared about 33% this year.
Asia stocks rise as upbeat factory data lifts confidence
August 4, 2020 09:42 IST
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9%, while shares in China nudged up 0.1%. Australian stocks gained 2% for the biggest intraday gain since July 21. Tokyo shares also jumped by more than 1%.
James Murdoch’s News Corp exit leaves brother Lachlan as last man standingSubscriber Only
August 3, 2020 12:22 IST
Lachlan was named chief executive officer of Fox Corp after the company sold most of its entertainment assets to Walt Disney Co in a $71 billion transaction last year. James had run the business before the deal, when it was known as 21st Century Fox. But when Lachlan was appointed CEO in 2018, James wasn’t even mentioned in the press release announcing the move.
Lord & Taylor files for bankruptcy in latest retail casualty of coronavirus pandemic
August 3, 2020 11:17 IST
Lord & Taylor opened its flagship store on Manhattan's Fifth Avenue in 1914, and became known for upscale fashion and its holiday window display.
Asia stocks cautiously mixed, dollar tries to bounce
August 3, 2020 09:47 IST
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%, though that was from a six-month top. Japan's Nikkei added 2.1% courtesy of a pullback in the yen, while South Korea shares were flat.
Asian stocks falter as global growth fears temper tech boost
July 31, 2020 10:32 IST
After rising in early trade, MSCI's broadest index of Asian shares outside Japan turned lower by late morning. It was last down 0.22%.
Asian stocks rise, dollar languishes near two-year lows on Fed
July 30, 2020 10:44 IST
The confidence extended in Asia where Japan's Nikkei and South Korea's KOSPI were up 0.3% each, Australia's main index climbed 0.7% and Hong Kong's Hang Seng index rose 0.2%.
Dollar teeters, gold takes a breather as markets await Fed
July 29, 2020 09:51 IST
The Fed is expected to strike a dovish stance at its policy review later in the day and perhaps open the door to a higher tolerance for inflation - something dollar bears think could squash real yields and sink the currency even further.
Gold hits record, gets more precious as dollar loses value
July 28, 2020 10:44 IST
The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce, only for a wave of selling to slap it back to $1,947 in wild trade.
Gold hits record high as US-China ties worsen, Asia stocks helped by tech
July 27, 2020 11:06 IST
Gold rose 1.0% to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe haven assets, especially those not tied to any specific country.
Asia shares stymied by Sino-US spat, euro stays buoyant
July 24, 2020 10:36 IST
Chinese blue chips retreated 2.9% as a result, though were still up 0.5% for the week. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.3%, trimming its weekly gain to 0.6%.
Froth returns to China’s stock market, echoing the 2015 crisisSubscriber Only
July 23, 2020 13:46 IST
It is both the hope and the uncertainty of the Chinese stock market that is driving erratic behavior as fresh highs bring concerns anew.
These Asian stocks have benefited the most from the coronavirus crisisSubscriber Only
July 23, 2020 11:04 IST
To be fair, the stock market has already embraced technology and pharmaceutical shares that underpin global economic transformation.
Asia’s hottest tech stock soars 713% with buy now, pay later platformSubscriber Only
July 23, 2020 11:08 IST
Afterpay allows consumers to pay for purchases in increments, which is popular among millennial shoppers who’ve eschewed credit cards.
Asian shares drop as China consulate closure fans Sino-US tensions
July 23, 2020 09:59 IST
After ticking higher earlier in the morning session, MSCI's broadest index of Asian shares ex-Japan was last down 0.3%, weighed down by slumping Chinese stocks. The Shanghai benchmark dropped 1.67% following four days of gains.
Euro stands tall as investors bet recovery hampers dollar, Asian stocks up
July 22, 2020 10:46 IST
Stock markets in Asia ground higher, except in Australia where a surge in coronavirus infections put pressure on bank and travel shares and the benchmark index fell 1%. S&P 500 stock futures advanced 0.4% in line with the relatively positive mood.
Asian shares extend gains as investors count on stimulus, vaccines
July 21, 2020 11:42 IST
Japan's Nikkei rose 0.6% while MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.5% to edge near its four-month peak hit earlier this month.
Asian shares stumble ahead of EU Summit, US stimulus talks
July 20, 2020 10:47 IST
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, reversing early gains after E-mini futures for the S&P 500 turned negative to be down 0.4%.
Iran sends downed Ukrainian plane’s black box to France
July 18, 2020 22:41 IST
Iran accidentally shot down the Boeing 737-800, killing all 176 people aboard, after mistaking it for an incoming missile.
Asia stocks rebound, hopes of more stimulus offset virus worries
July 17, 2020 11:13 IST
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.5%, paring a quarter of its 2% losses the previous day, while Japan's Nikkei was almost flat.
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