Financial news

21.12.2021 12:00:20

Wall Street falls, Biden's plans get cancelled on Omicron variant

U.S. stocks plunged 1% due to rising Omicron cases, a new coronavirus variant that is expected to bring in total of $1.75 trillion losses in U.S. domestic spending.  U.S. stocks dropped a total of 1%  as the spread of a more virulent ...
21.12.2021 12:00:20

WHO warns public of rising Omicron cases

The World Health Organization had recently expressed worries about the Omicron variant’s higher transmittal rate than the Delta variant. Even the people who had completed their vaccination might still be infected, WHO Director-General, ...
17.12.2021 14:00:10

UK stocks to hit weekly loss as Omicron, inflation risks dampen mood

The FTSE 100 index of the United Kingdom tallied a series of losses on Friday. Omicron, the more virulent coronavirus variant, and inflation risks had dragged the index down even after the country released robust retail sales data. The FTSE ...
15.12.2021 16:00:23

Bank of England rejects significant updates of the money system.

The Bank of England has advised top banks to disclose by March how they will sustain their funds as COVID-19 reports dramatically decrease, saying it will not make another body for conveying notes and coins. Admittance to cash has turned into ...
15.12.2021 15:00:11

Inflation may reach the 2% target through 'various channels' said by Kuruda Haruhiko

Haruhiko Kuroda , the BOJ governor , stated that purchaser expansion might move toward its 2 % expansion on rising natural substances costs , offering his most clear sign to date that vertical value constraints will keep expanding. Kuroda ...
15.12.2021 14:00:10

Gold recovers from weekly lows after the most dramatic drop since the 22nd of November

Gold traded at the $1,700 region, above the previous half-week low and went defensive as it headed into the European session. The U.S. producer price level was released on Tuesday. The U.S. producer price level was released on Tuesday, expecting ...
14.12.2021 14:00:10

UK to release November employment, claimant count figures

The Office for National Statistics (ONS) of the United Kingdom is set to release its November claimant count figures and the unemployment rate in the three months leading up to October. Even though unpaid leave schemes appear to have a future ...
14.12.2021 12:00:21

Investors keep tabs on Omicron, Fed meeting as Wall Street shuts down

Shares of Carnival Corp and of other numerous airlines fell on Monday as investors grew wary od the Omicron coronavirus variant and an upcoming Federal Reserve meeting later this week. Travel-related stocks plummeted, with the fast-spreading ...
14.12.2021 12:00:21

Stablecoins snatch spotlight from Bitcoin

Meta Platforms Inc (FB.O) has begun testing its stablecoin payments wallet. In contrast, Visa (V.N), the world's largest payments processor, has created a crypto advising service and stated that stablecoins, rather than cryptocurrencies, may ...
13.12.2021 15:00:11

Japan’s service-sector sentiment accelerates, manufacturing growth dwindles

A highly monitored central bank survey revealed that the mood in Japan’s service sector hit a two year high. However, the expansion dragged manufacturing growth.  The Bank of Japan's (BOJ) tankan survey revealed on Monday that the ...
13.12.2021 15:00:11

Turkey's GDP grows 7.4% in third quarter, lira dampens nationwide prospects

Official data released on Tuesday revealed that Turkey's economy increased 7.4% year on year in the third quarter, meeting forecasts due to the strength of retail demand, manufacturing, and exports. However, it did not alleviate concerns over ...
13.12.2021 15:00:10

Stocks stabilize ahead of multiple central bank meetings this week

Equity markets across Europe (.GDAXI), (.FCHI) opened higher, with the pan-region STOXX 600 index last up 0.35% (.STOXX), while U.S. equity futures were around 0.25% firmer . The more virulent Omicron variant remains a source of concern, with ...
30.11.2021 14:00:15

Dollar rises, yen weakens on high inflation

The dollar rose on Thursday morning in Asia, touching its highest rate versus the pound and the euro this year. Meanwhile, the yen plunged after the United States' inflation soared to its highest level in a generation, fueling expectations ...
30.11.2021 14:00:15

Oil rises amid rising inflation, energy costs

Oil climbed up on Thursday in Asia as U.S. inflation continued to rise in tandem with increasing energy costs. The soaring inflation could trigger the release of more strategic crude stockpiles to pare down prices. Brent oil futures edged ...
30.11.2021 14:00:15

Japan’s Subaru partners with Toyota, goes public with first all-electric vehicle

Japanese vehicle manufacturer Subaru Corp showed the public its first all-electric vehicle (EV), the Solterra, on Thursday. Solterra is the culmination of a two-year development project with the company’s largest shareholder Toyota Motor ...
30.11.2021 14:00:14

UK home prices surge over seller scarcity

House price inflation in the United Kingdom surged in October due to a scarcity of sellers, based on a survey released on Thursday. The Royal Institution of Chartered Surveyors (RICS) said more price hikes were expected. The RICS revealed ...
30.11.2021 14:00:14

Chinese port city faces spike in COVID cases

An expanding COVID-19 cluster in China’s Dalian has prompted national authorities to restrict outbound travel, cut offline school classes, and close some cultural sites in the port city in an effort to contain the outbreak. On Thursday, ...
30.11.2021 14:00:14

Oil falls as dollar recovers, inflation persists

Oil dipped on Friday in Asia, relinquishing the previous session’s advances. The dollar’s strength fueled bets that the U.S. Federal Reserve will increase interest rates sooner than expected in response to soaring inflation. Brent ...
30.11.2021 14:00:14

Dollar up for best week in five months

The dollar continued its gains on Friday morning in Asia, on track for its best week in five months. Investors are expecting that the United States' Federal Reserve will begin its interest rate hike sooner than expected following last Wednesday's ...
30.11.2021 14:00:14

Malaysia posts economic contraction in Q3, BNM sees quick recovery

Malaysia’s economy recorded a higher-than-expected 4.5% contraction in the third quarter. However, the Bank Negara Malaysia (BNM) expects a quick recovery following the lifting of some COVID-19 pandemic restrictions that allowed economic ...
30.11.2021 14:00:14

Dollar drops, investors expect more hints on Fed rate hike schedule

The dollar declined on Monday morning in Asia. The latest inflation numbers mostly lifted the safe-haven currency during last week's trading sessions. Investors' prospects of an earlier-than-expected interest rate hike from the U.S. Federal ...
Something went wrong
Message: