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LONDON: European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in talks on government aid in the United States.
BENGALURU: Gold held steady near record highs on Tuesday as worries over global economic fallout from mounting COVID-19 cases offset an uptick in risk sentiment driven by positive U.S. economic data.
NEW YORK: The dollar rose and equity markets rallied on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations and other deals bolstered sentiment.
PETALING JAYA: The global reserve currency - the US dollar - has been losing steam over the past several months and has lost nearly 10% of its international value, as measured by the US Dollar Index, since its year-to-date peak in March.
LONDON: Bank of England (BoE) officials may be increasingly diverging on the prospects for Britain’s post-Covid economy, but that disagreement hasn’t yet become a schism on how to respond.
NEW YORK: The staple US portfolio of 60% equities and 40% fixed income proved resilient this year, but strategists are now considering alternatives to government debt after some bond yields reached historic lows.
PARIS: Societe Generale SA (SocGen) reported on Monday a €1.26bil (US$1.48bil) second-quarter loss, as it booked a writedown on the value of its trading business that it seeks to revamp.
PARIS: Societe Generale SA (SocGen) reported on Monday a 1.26 billion euro ($1.48 billion) second-quarter loss, as it booked a writedown on the value of its trading business that it seeks to revamp.
SYDNEY: 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 on crowded short positions left the dollar clinging to a tentative bounce.