Financial news

25.09.2020 17:00:18

Gold breaks three-day loss streak as Dollar falls from highs

Gold broke its three-day loss streak, seeing a modest half-percent gain as the Dollar lost steam from its record highs on Thursday. The break in the safe-haven asset comes after a precipitous drop of more than $90, or nearly 5%, from Friday’s ...
25.09.2020 17:00:18

Oil prices steady over COVID-19 uncertainties

Oil prices remained unchanged earlier on Friday but is expected for a weekly fall over concerns that a global resurgence of COVID-19 infections could hit fuel demand, with Libya also returning to add to the supply. Brent crude fell by 2 cents, ...
25.09.2020 17:00:18

Harley-Davidson partners with Hero MotoCorp for a distribution deal

On Thursday, Harley-Davidson Inc. (HOG.N) reported that it was in advanced talks with India's Hero MotoCorp. (HROM.NS) for a distribution deal. The Milwaukee-based motorcycle manufacturing company said that the deal would allow its iconic ...
25.09.2020 17:00:18

Boohoo to review labor violations of its Leicester suppliers

On Friday, Boohoo (BOOH.L) stated that it would have an independent review of significant labor violations at its garment suppliers located in Leicester. The United Kingdom-based online fashion retailer company said that it would look into ...
25.09.2020 12:00:42

Commonwealth Bank of Australia forecasts central bank to keep policy rates steady

Economists at the Commonwealth Bank of Australia said that it expects the Reserve Bank of Australia to hold interest rates at a record low of 0.25% at its Oct. 6 board meeting, contrary to calls for a cut from two major rivals. Financial markets ...
25.09.2020 12:00:41

Dollar steadies below two-month highs, risk currencies recover losses

The dollar steadied below its recent two-month highs on Friday and risk currencies recovered weekly losses, while equity markets were boosted by hopes that U.S. fiscal stimulus talks would resume. The dollar is on course for its best week ...
25.09.2020 11:00:22

Asian shares rebound on tech rally, stimulus optimism

Asian share markets recovered on Friday. This could be attributed to a tech-driven rally on Wall Street backed by strong U.S. housing data.  Moreover, investors were seen salvaging losses after a broad regional index recorded its biggest ...
25.09.2020 11:00:21

Japan factory output advances for third month; gradual recovery monitored

Japan’s factory output likely recorded three consecutive months of expansion ended August. However, it is monitored at a slower pace, indicating a modest recovery in the manufacturing sector, a Reuters survey showed on Friday. Industrial ...
24.09.2020 16:00:42

JPMorgan needs to spend at least $1 billion to resolve trading allegations

On Wednesday, JPMorgan Chase & Co. (JPM) reported that it needs to spend at least $1 billion to resolve U.S. government investigations into the alleged market manipulation of metal stocks and Treasury markets. The New York-based investment ...
24.09.2020 16:00:42

ChargePoint to finally open an initial public offering worth $2.4 billion

On Thursday, ChargePoint Inc. announced that it would finally open an initial public offering (IPO) worth $2.4 billion. The California-based electric vehicle infrastructure company stated that it would merge with Switchback Energy Acquisition ...
24.09.2020 16:00:41

Gold continues rout as Dollar rallies

Gold continued its descent earlier on Wednesday as the Dollar carried on with its rally. Spot gold, which reflects real-time trades in bullion lost 2.1% ($39.64), trading at $1,860.62 per ounce by 3:12 PM ET (1512 GMT). It dipped to a record ...
24.09.2020 16:00:41

Global shares slide amid fading economic recovery hopes

Global shares fell while the Dollar continued its gains earlier on Thursday as investor remained wary of another potential economic hit due to the COVID-19 pandemic, ahead of German sentiment data and speeches from officials from various central ...
24.09.2020 12:00:42

Asian shares plunge as global recovery hopes dim

Asian share markets were seen subdued on Thursday. Shares across the region were posed to record their weakest session in two months as warnings from U.S. Federal Reserve officials underscored investors’ sentiment over the global economic ...
24.09.2020 12:00:41

European shares hit low levels on global sell-off

European equities recorded a three-month low on Thursday. This could be attributed to a sell-off seen in global risk assets as the absence of a new U.S. stimulus package and the second wave of coronavirus infections dragged investors’ ...
24.09.2020 12:00:41

Oil slides on fuel demand concerns amid coronavirus crisis

Oil futures slid on Thursday on fears that U.S. economic recovery is stalling as the coronavirus crisis lingers and a resurgence in European infections prompted new travel restrictions. Market worries prompted a rally in the dollar as investors ...
24.09.2020 12:00:41

Dollar hits two-month highs as second coronavirus wave threatens U.S. economies

The dollar hit a two-month high on Thursday as concern over Europe’s and the United States’ resilience to economically recover from the coronavirus pandemic grew.  The dollar benefited from another surge in European coronavirus ...
23.09.2020 15:00:30

Tesla's market value drops to $50 billion despite Musk's promise to reduce electric vehicle costs

On Tuesday, Tesla's (TSLA) principal stockholders and investors cut $50 billion from its market value despite CEO Elon Musk's promise to reduce electric vehicle costs. According to Tesla's Senior Vice-President of Powertrain and Energy Engineering ...
23.09.2020 15:00:30

Dow remains unchanged amid weak financial shares

The Dow remained mostly unchanged on Tuesday after it struggled to find direction after gains in tech stocks were offset amid weak financial stocks. Market sentiment was further dampened by a resurgence of COVID-19 cases globally as well as ...
23.09.2020 15:00:29

Gold prices fall as U.S. housing data strengthens Dollar

Gold prices fell earlier on Wednesday in Asian markets after the Dollar found strength in cheery housing market data in the U.S. despite the growth in COVID-19 cases. Gold futures lost 1.01%, trading at $1,888.04 per ounce at 12:46 PM ET (04:46 ...
23.09.2020 14:00:27

KKR & Co to invest $755 Million in Reliance Industries' retail arm

On Wednesday, KKR & Co Inc (KKR.N) announced that it would invest 5,550 Million Crore ($755 Million) in Reliance Industries Ltd (RELI.NS) and Reliance Retail Ventures Limited (RRVL). The American global investment company said that the ...
23.09.2020 11:00:18

Japan factory activity dwindles on weak output

September had seen Japan’s factory activity declining further as output weakened. This followed after the country struggled to maintain the economy’s recovery from the coronavirus crisis. The au Jibun Bank Flash Japan Manufacturing ...
Something went wrong
Message: