TOKYO/SINGAPORE (Reuters) – The dollar was on the defensive against more growth-sensitive currencies on Thursday, following upbeat U.S. and European economic data, though worries about the coronavirus blunted more aggressive risk taking ahead of upcoming
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Investors are waking up to a possible Biden victory in U.S. presidential election
NEW YORK (Reuters) – Investors are increasingly preparing for market volatility ahead of the U.S. presidential election, with some shifting stock positions and selling the dollar, as Democratic contender Joe Biden maintains a lead against
Read moreVaccine optimism, improving data lift Wall Street
NEW YORK (Reuters) – U.S. stocks moved higher on Wednesday as rising hopes of a safe and effective COVID-19 vaccine eased concerns another round of lockdowns was likely following a record surge in coronavirus cases
Read moreU.S. lawmaker seeks to ban Chinese firms from U.S. capital markets
WASHINGTON (Reuters) – A top senator is preparing a bill to ban Chinese companies from U.S. capital markets if they engage in spying, human rights abuse or support China’s military, threatening a financial blow as
Read moreEuropean stocks end choppy session higher on vaccine hopes
(Reuters) – Hopes of a COVID-19 vaccine pulled European stocks from losses earlier on Wednesday, after fears of a no-deal Brexit and anxieties relating to the European Union’s recovery fund had weighed on sentiment. Ending
Read moreFed's Daly sees 4-5 year recovery in best-case scenario
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday painted a grim picture of the U.S. economic outlook, saying that even under her best-case scenario unemployment will still top 10% at year’s
Read moreBusiness groups say flexibility needed to implement new North American trade deal
WASHINGTON (Reuters) – U.S., Mexican and Canadian business groups applauded a new North American trade deal’s entry into force on Wednesday, but said more work and flexibility was needed to overcome challenges including implementation of
Read moreU.S. private payrolls miss expectations; layoffs persist as demand weakens
WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in June and employers announced more than 170,000 layoffs, strengthening views that the labor market and broader economic recovery from the COVID-19 pandemic would be
Read moreStrong bookings boost Ryanair's hopes of return to normal
DUBLIN (Reuters) – Ryanair reported “very strong” bookings from holidaymakers as it relaunched its network with 1,000 flights on Wednesday, the start of a summer that Group Chief Executive Michael O’Leary hopes will restore Europe’s
Read moreOECD says U.S. still committed to global digital tax talks
PARIS (Reuters) – The United States remains committed to global talks on the taxation of big digital companies despite its call for a pause, the head of the Organisation for Economic Cooperation and Development (OECD)
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