Global shares rise; gold close to record high
Asian shares rose on Tuesday after strong U.S. manufacturing data and gains in tech stocks helped investors look past broader worries about the coronavirus and...
Banking and Finance
Bank of Cyprus sells off €916m in non-performing loans
The Bank of Cyprus (BOC) announced on Monday the sale of €916 million in non-performing loans to funds belonging to the Pacific Investment Management Company...
Dollar wobbles as investors grow anxious about pandemic toll on U.S. economy
The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the...
Global markets mixed; dollar, gold higher
Asian share markets turned mixed on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze...
Euro zone inflation unexpectedly ticks up amid record GDP slump
The euro zone’s economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed on Friday, while the bloc’s inflation unexpectedly ticked...
Asian stocks falter as global growth fears temper tech boost
Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment,...
Markets lifted as Apple delivers strong earnings
Asian equities were set to rise on Friday after shares of Apple, Amazon and Facebook surged in extended trading on Thursday, with Alphabet also climbing,...
Fed holds rates on coronavirus surge
The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised...
Global markets are higher as Fed holds rates
Asian stocks were boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero to support the...
Turkish lira drops to record low against euro
The Turkish lira hit a new record low against the euro on Tuesday, as investors worried about the country’s declining foreign exchange reserves, rising foreign...
