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PARIS: French insurer AXA dropped its 2020 earnings target and added it would not make additional payouts to shareholders in the fourth quarter following a 40% decline in first-half net income.
NEW YORK: Oil prices rose to their highest since early March on Wednesday after U.S. crude inventories fell sharply and the dollar weakened, but mounting coronavirus infections had investors worried about the demand outlook.
NEW YORK, Aug. 5 (Xinhua) -- The U.S. dollar slipped noticeably in late trading on Wednesday after data showed job growth in U.S. private sector slowed sharply last month.
BERLIN, Aug. 5 (Xinhua) -- COVID-19 lockdowns, as well as significant coronavirus-related slumps in demand, would cause passenger car production in Europe this year to fall by 24 percent to 12 million vehicles, according to a forecast by the German Center for Automotive Research (CAR) published on Wednesday.
LONDON: Britain’s banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to bake tougher “worst-case” scenarios into their risk models.
IT was the big idea at mid-year but already there’s some trepidation that a Transatlantic switch from US to European equities may have jumped the gun.
TYPICALLY a boon for emerging markets (EM), this year’s plunge in the US dollar may fail to boost the developing world’s prospects as the raging pandemic hits economic activity, increases poverty and exposes weak policymaking.
LONDON: Oil prices rose to their highest since early March on Wednesday on data showing a big drop in U.S. crude inventories, and a weak dollar, but mounting Covid-19 coronavirus infections weighed on the demand outlook.