American Express Publicizes Earnings; forecasts bested in Q3
On Friday, American Express publicized its Q3 earnings that evidently bested forecasts made by analysts with revenues topping all expectations.
The multinational financial services corporation reported their earnings per share of $2.27 based ...
Aurizon announces ORA takeover
Aurizon Holdings Ltd. announced on Friday that it would buy One Rail Australia (ORA) for $1.75 billion as the company turns to coal for diversity and to add bulk capacity. The announcement caused concerns over the outlay and the effect on ...
Gold up, set for weekly gain
Gold edged higher on Friday in Asia and was on track for its second weekly gain. A weakening dollar provided breathing room from higher U.S. bond yields and increasing bets that central banks would soon begin asset tapering.
Gold futures jumped ...
China coal futures sink further
China’s thermal coal futures plunged about 13% on Friday, extending their losses since Tuesday when Beijing announced its plan to step in to ease the commodity’s rising prices and help electricity producers get out of a widespread ...
Dollar falls despite early boost from strong U.S. data
The dollar was on track to its second-week decline after dropping on Friday morning in Asia. The loss came despite strong United States’ economic data that lifted the safe-haven currency before the start of the Asian session.
The U.S. ...
Northern Irish trade dispute might end soon, says minister
The disagreement between the United Kingdom and the European Union over Northern Irish trade might be resolved in weeks, putting an end to the province's economic turmoil.
On the sidelines of an EU summit in Brussels on Thursday, Ireland’s ...
Oil falls, losses capped by U.S. demand, fuel switch
Oil prices dropped on Thursday as some investors raked profits from the recent rally. Solid demand in the U.S. and a switch from coal and gas to fuel oil amid rising prices dampened the black liquid’s losses.
Brent crude futures edged ...
Gold up, lifted by weak dollar
Gold edged higher on Thursday in Asia, extending small gains into a third session over a weakening dollar.
Gold futures jumped 0.12% to $1,787 by 12:02 AM ET (4:02 AM GMT), remaining within the $1,759 to $1,788 range that the safe-haven asset ...
AMC boss excited with crypto issuance prospect
AMC, the American multinational entertainment titan is thrilled at the prospect of using a blockchain and the company’s chief executive disclosure of the possibility of issuing its own cryptocurrency.
On Oct. 20, AMC chief executive ...
Oil slips as Beijing steps in to ease power shortage
Oil prices dropped on Wednesday following the Chinese government’s doubled efforts to ease record-high coal prices and keep coal mines operating at full capacity as Beijing moved to curb a power shortage.
Prices of Chinese coal and other ...
Japan export lags, import picks up
Japan’s export experienced its slowest growth in seven months in September. Meanwhile, an increase in imports added to fears that disruptions in global supply chains due to the pandemic could upend a fragile economic recovery.
The growth ...
Upbeat outlook, corporate earnings boost Asian shares
Asian shares climbed up, and U.S. long-dated bond yields rose to a five-month high on Wednesday, both lifted by rising optimism about the global economy and corporate earnings.
Japan’s Nikkei edged up 0.8%, while MSCI’s broadest ...
Gold stabilizes as investors await Fed comments
Gold settled as investors looked out for comments from the U.S. Federal Reserve officials this week. The comments from the Fed could give insight into the possibility of tighter monetary policy.
Bullion recently experienced fluctuation as ...
