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NEW YORK, United States (AFP) — Wall Street stocks resumed their downward slide Thursday, while the pound dropped further amid a fight between Britain and the European Union on Brexit legislation. After an early advance that built on Wednesday’s winning session, US stocks stumbled, finishing solidly lower. The pullback came as a trimmed-down US relief package failed to pass the Republican-led Senate. The $500 billion package marked a dramatic reduction from the $3 trillion bill […]
(Eagle News) — The Department of the Interior and Local Government has ordered local government units to stop setting “a “narrow or limited period” within which residents are given access to markets and pharmacies. In a memorandum dated April 18, Interior Secretary Eduardo Año said the “imposition of such restrictions further creates congestion of people who flock to these establishments at the same time, and poses risks on the implementation of social distancing.” According to […]
NEW YORK, United States (AFP) — Global stocks sank Wednesday as COVID-19 infects the global economic outlook, while oil prices slumped as OPEC-led output cuts were deemed insufficient to soak up a supply glut. Sentiment turned sour Wednesday on grim warnings over the economic impact of the coronavirus, which emerged in China and has so far killed more than 131,000 people and infected more than two million globally. The International Energy Agency said 2020 was […]
LONDON, United Kingdom (AFP) — Global equity markets strongly rebounded Monday as some of the world’s worst-hit countries reported falling coronavirus death rates, while oil prices sank after a meeting of top producers was delayed. “Global equities are soaring higher as early signs suggest curve flattening is happening in Europe and that US could be a couple weeks behind them,” said Edward Moya, an analyst at OANDA. Key eurozone markets were five percent or more […]
LONDON, United Kingdom (AFP) — Stock markets and oil prices slid again Wednesday, as major companies began to count the financial cost of the spreading coronavirus. Heavy selling followed another rout Tuesday on Wall Street where all three main indices lost around three percent after officials said COVID-19 would likely take hold in the United States. With cases being reported in more countries — and lockdowns in nations including Austria, Italy and Spain — […]
NEW YORK, United States (AFP) — More cases of the new coronavirus outside China along with warnings by major companies that their earnings could be hurt caused most stock markets to pull back on Friday. “Coronavirus was back at the top of the agenda on Friday, with a rising number of new cases in China and South Korea putting the fear in investors,” remarked Spreadex analyst Connor Campbell. More than 2,200 people have died […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday as investors adjusted their positions amid lingering fears over the impact of the new coronavirus on the economy. The benchmark Nikkei 225 index was up 0.65 percent, or 151.73 points, at 23,345.53 in early trade, while the broader Topix index was up 0.56 percent, or 9.26 points, at 1,674.97. The dollar fetched 109.91 yen in early Asian trade, against 109.87 yen in New York. “Japanese […]
HONG KONG, China (AFP) — Asian markets fell on Thursday after a dramatic spike in the number of coronavirus deaths and cases in mainland China, with traders concerned about the economic impact of the epidemic. Chinese authorities have changed the way they count infections from the virus — officially named COVID-19 — and the latest reports propelled the nationwide death toll to 1,355 and the infection count to nearly 60,000. Tokyo’s benchmark Nikkei 225 […]
by Richard CARTER Agence France Presse HONG KONG, China (AFP) — The price of oil spiked Wednesday after Iran launched revenge attacks on US forces in Iraq, making good on its pledge to hit back over the killing of its top general. The main US contract rocketed by more than 4.5 percent as fears over supplies in the tinderbox Middle East sent prices soaring. The Pentagon said it was still “working on initial battle […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei stock index jumped more than 2.5 percent Friday, boosted by hopes for a US-China trade deal, and a big election win for Britain’s ruling Conservative Party that paves the way for Brexit. The Nikkei 225 index rallied 2.55 percent, or 598.29 points, to close at 24,023.10, the highest since early October last year. Over the week, it gained 2.9 percent. The broader Topix index was up 1.59 percent, […]
TOKYO, Japan (AFP) — Tokyo stocks opened flat on Wednesday as investors waited for news on China-US trade talks, less than a week before Washington is due to impose fresh tariffs on Chinese goods. The benchmark Nikkei 225 index was up just 0.07 percent or 16.46 points at 23,426.65 in early trade, while the broader Topix index was down 0.05 percent or 0.80 points at 1,719.97. “Japanese shares are seen range-bound, with eyes on US-China […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday, dragged down by diminished hopes for an imminent US-China trade deal, and a stronger yen. The benchmark Nikkei 225 index fell 0.75 percent or 176.04 points to 23,203.77 in early trade while the broader Topix index was down 0.59 percent or 10.06 points at 1,696.67. Optimism that Beijing and Washington would eventually hammer out a partial agreement as part of a wider deal had supported […]
