Dollar slips; euro bounces back; pound slightly higher
The dollar slipped on Tuesday and the broad pressure on the dollar helped the euro back over $1.18 by mid-morning in Asia and the pound...
Banking and Finance
Global stocks jump as investors pin hopes on coronavirus treatment
Asian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after the U.S. Food & Drug Administration (FDA) authorised the use...
Turkish lira forecast to drop further despite Black Sea find
The lira is expected to continue its slide against the dollar and the euro despite the announcement of a major Black Sea gas deposit discovery...
Global dividend plunge to be worst since financial crisis
The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17 per cent to 23 per cent this year or what could...
Record-breaking stocks take a breather, dollar weak, gold steady
Asia’s stock markets bounced on Friday following Wall Street’s lead, but were set for their softest week in about a month as investors grapple with...
Euro zone economic outlook steady but job recovery at high risk: Reuters Poll
A full bounceback from the euro zone’s deepest recession on record will take two years or more, according to a Reuters poll of economists who...
Fed minutes show aggressive stimulus to continue
The readout of the Fed’s July 28-29 meeting, published on Wednesday, showed the central bank is considering tweaks to monetary policy that could result in...
Global markets drop on Fed’s grim view of economy
Market sentiment had been bullish up until Fed policymakers’ comments late on Wednesday highlighted uncertainties over the U.S. recovery, with the S&P 500 and the...
Global markets hit record highs; dollar firms
Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at...
Dollar in long slide down against euro
The U.S. dollar fell against a basket of major currencies for a fifth consecutive trading day on Tuesday, approaching its lowest level in two years...
