Gold surges, silver hits 7-year high
Gold jumped more than 1 per cent on Wednesday to its highest in nearly nine years; silver soared again, rising 5 per cent to $22.40...
Banking and Finance
Euro hits 18-month high; stocks are flat
The euro stood at an 18-month high, silver soared and commodities forged ahead on Wednesday, as economic recovery hopes drove bets on rebounding world demand...
Global markets rally on European recovery prospects
Asian shares advanced on Tuesday as prospects of a deal by European Union leaders to jointly fund recovery of their economies and hopes for a...
Standard and Poor’s affirms Bank of Cyprus’ rating at B+/B, outlook stable
S&P Global Ratings on Thursday affirmed its B+/B long- and short-term issuer credit ratings for Bank of Cyprus. “An obligation rated ‘B’ is more vulnerable...
Global markets cautious, euro falls on recovery summit fears
Asian shares were downbeat on Monday with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts from the euro zone and...
BlackRock profit beats Street estimates as markets rebound
BlackRock Inc’s (BLK.N) results topped Wall Street estimates on Friday, helped by investors flocking to the world’s largest asset manager’s bond funds in the second...
Standard and Poor’s affirms Bank of Cyprus’ rating at B+/B, outlook stable
S&P Global Ratings on Thursday affirmed its B+/B long- and short-term issuer credit ratings for Bank of Cyprus Public Co. Ltd. (BOC), maintaining a stable...
Global markets rise on stimulus hopes
Asian shares eked out gains and U.S. stock futures bounced back on Friday as hopes of more government spending around the globe suppressed concerns about rising...
ECB rates on hold; Lagarde sees significant, uneven recovery
The European Central Bank left policy unchanged on Thursday, as expected, scrutinising instead the effectiveness and any unwanted side-effects of its crisis-fighting measures. Following are...
UK finance sector devises battle plan to tackle COVID debt pile
More than 200 of Britain’s top financial experts have joined forces to design initiatives to help small businesses restructure and repay as much as 35...
US stocks end higher, but virus fears keep global stocks on hold
Asian shares and U.S. stock futures fell on Thursday, weighed down by concern about deteriorating U.S.-China relations and the economic cost of a resurgence in coronavirus...
Euro hits four-month high vs dollar on stimulus, recovery hopes
The euro rose to a four-month high against the dollar on Wednesday on hopes European Union leaders may agree on stimulus and deepening fiscal integration...
Global markets cautious as U.S.-China tensions intensify
Asian shares pared gains on Wednesday, led by losses in Chinese stocks, after Beijing vowed retaliatory sanctions against the United States, while the euro rose...
In New York’s Harlem, small businesses reel from coronavirus toll on Black communities
Sylvia’s, a soul food restaurant on Malcolm X Boulevard in Harlem, New York, saw a welcome bump in donations and revenue from new customers in...
Pandemic knocks Singapore into recession as GDP plummets 41% in Q2
Singapore’s trade-reliant economy plunged into recession in the second quarter with a record contraction, signalling a rough first half globally and an equally challenging outlook...
UK economy limps out of COVID-19 slump in May
Britain’s economy stumbled out of its coronavirus-induced slump in May, casting doubt on the chances of a rapid rebound and suggesting more government help to...
Dollar grinds higher amid worries about U.S.-China tensions and virus cases
The dollar was marginally higher in narrow ranges against most currencies on Tuesday as renewed concerns about diplomatic tension between the United States and China...
Asian shares retreat as virus and Sino-U.S. tensions flare
Asian stock markets slipped on Tuesday, oil sagged and a safety bid supported the dollar as simmering Sino-U.S. tensions and fresh coronavirus restrictions in California kept a...
No sign banks are gaming subsidised interest rates MPs told
Lawmakers on Monday appeared mostly satisfied with answers they got from both the government and banks regarding complaints that certain lenders sought to fleece borrowers...
London stocks track Asia rally as focus turns to earnings
UK stocks jumped 1 per cent on Monday as investors bet on a stimulus-led economic revival, with focus also turning to the U.S. and European...
