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NEW YORK/LONDON: Global shares closed lower on Thursday as investors shied from risk and sought safe havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy.
WASHINGTON:The number of Americans filing new claims for jobless benefits unexpectedly rose last week, which could heighten fears the COVID-19 pandemic was inflicting lasting damage to the labor market.
NEW YORK: Asian markets were off to a mixed start on Thursday as hopes of U.S. fiscal stimulus before the presidential election faded and a record number of new coronavirus infections in parts of Europe propelled investors toward safe-havens such as gold.
NEW YORK: Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.
CINCINNATI: President Donald Trump has tested negative for COVID-19 on consecutive days and is not infectious to others, the White House physician said on Monday, as Trump headed to Florida for his first campaign rally since he disclosed he contracted the virus.
NEW YORK: Wall Street ended sharply higher on Monday, fueled by expectations of a coronavirus relief package and by a rally in Amazon, Apple and other technology stocks ahead quarterly earnings season
A rare regime-change in economic policy is under way that’s edging central bankers out of the pivotal role they have played for decades.
SINGAPORE: Chinese stocks led Asian markets higher on Monday as investors bet on a steady recovery for the world's no. 2 economy, though caution about the fate of U.S. stimulus kept the dollar firm and a central bank policy tweak unwound some of the yuan's gains.
KUALA LUMPUR: A revival of US stimulus deal negotiations in the latter half of the past week helped to slow the weekly foreign net outflow, which subsided to RM28.38mil as compared to RM543.91mil in the previous week.
SINGAPORE: Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains.