Business

European stocks steadied on Tuesday, after heavy losses a day earlier sparked by fears over a highly infectious new strain of COVID-19, as Washington approved an $892 billion pandemic relief package, Reuters reported. The broad […]

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The U.S. economy could experience a “slight downturn” in the first quarter of 2021 if the Covid stimulus bill is not passed, an economist from Moody’s Analytics said on Monday, CNBC reports. Senate Majority Leader […]

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Asian stocks faltered and sterling slid on Monday as unease over a new coronavirus strain that was shutting much of the United Kingdom offset news that a deal had finally been struck on a long-awaited […]

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China said on Monday it firmly opposed U.S. President Trump signing a bill that would kick Chinese companies off U.S. stock exchanges unless they adhere to U.S. auditing standards, saying it contains discriminatory provisions against […]

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Tesla’s shares rose to a record high on Friday in a frantic day of trading as investors geared up for the electric carmaker’s much anticipated entrance into the benchmark S&P 500 index, Reuters reported. The […]

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The dollar fell to its lowest in over two years against major currencies on Thursday after the Federal Reserve stuck to its current policy guns while hopes for more U.S. stimulus and a post-Brexit trade […]

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U.S. airlines are on the brink of receiving a four-month extension of a government assistance program that is expected to provide another $17 billion to fund payroll costs, congressional aides told Reuters. A roughly $900 […]

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Bitcoin breached the $20,000 level for the first time in history Wednesday, as crypto enthusiasts pointed to increased demand from institutional investors for the red-hot digital currency, CNBC informed. The world’s most-valuable virtual currency traded […]

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Global investors are turning cautious on investing in some Chinese companies named in a U.S. government executive order, CNBC reported. MSCI, one of the largest stock index companies in the world, announced Tuesday that it […]

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If 2020 was the year the Federal Reserve overhauled its game plan for supporting the U.S. economy, 2021 will be the year its new approach gets tested should a coronavirus vaccine deliver the lift that […]

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Amazon, Apple, Facebook and Alphabet unit Google may have to change their business practices in Europe or face hefty fines between 6-10% under new draft EU rules to be announced on Tuesday, Reuters informed. The […]

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Saudi Arabia is looking to plug budget gaps by having its state-run oil giant, Saudi Aramco, sell some stakes in its subsidiaries, according to anonymous Bloomberg sources. The Kingdom’s oil company has hired Moelis & […]

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Financial markets will be disrupted in January unless the European Union allows the bloc’s investors to use derivatives trading platforms in London, a group of seven financial industry bodies have said, Reuters reported. Britain has […]

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Asian shares rose to a record high and U.S. stock futures gained on Wednesday as investors tracked positive news on COVID-19 vaccines and ongoing efforts to launch more fiscal stimulus, Reuters informed. MSCI’s broadest index […]

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The U.S. dollar index remained near Friday’s two-and-a-half-year low on Monday as weak U.S. jobs data last week heightened expectations of economic aid, while sterling sank as Britain and the European Union made a last-ditch […]

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China’s Sinovac Biotech has secured $515 million in funding from a local firm to double production capacity of its coronavirus vaccine, the companies said on Monday, as it expects efficacy data of its experimental shot […]

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The U.S. dollar is currently hovering around lows last seen in April 2018 as investors continue to pour back into riskier assets, and analysts expect this weakness to persist into 2021, CNBC reported. As of […]

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U.S. employers likely hired the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery […]

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Investors worried about whether a looming government shutdown could slow U.S. stocks’ recent surge can take comfort in history: markets have tended to shrug off shutdowns despite their potentially nasty economic impact, Reuters informed. Since […]

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The rush by U.S-listed Chinese companies to secure a secondary listing in Hong Kong or China is only set to intensify as the United States readies a new law allowing it to kick firms off […]

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Asian share markets began the new month with a bang on Tuesday, buoyed by the prospect of a COVID-19 vaccine fueling a global economic recovery, buoyant Chinese factory activity and expectations of continuing fiscal and […]

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Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highly-anticipated coronavirus vaccine against hopes that some of the region’s economies will recovery quicker than their Western peers, Reuters reported. […]

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European shares were mixed on Thursday and world shares held near all-time highs after a strong Asian session in which market euphoria around COVID-19 vaccines, Joe Biden’s U.S. presidential election win and hopes for further […]

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The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery, Reuters […]

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President-elect Joe Biden’s Treasury secretary will need Congress to approve re-use of $455 billion in funds that the Trump administration is taking back from Federal Reserve and other pandemic lending programs, the Treasury said on […]

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