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TOKYO: Stocks fell and the dollar advanced on Thursday after the Federal Reserve pledged to keep interest rates low for a long time but stopped short of offering further on stimulus to shore up a battered U.S. economy.
LONDON: The global economic slump won’t be as sharp as previously feared this year, though the recovery is losing pace and will need support from governments and central banks for some time yet, according to the OECD.
MADRID: The owner of fashion retailer Zara, Inditex, returned to quarterly profit in the three months from May to July despite a 31% fall in sales as the coronavirus crisis kept consumers away from city centre shopping districts.
SHANGHAI/NEW YORK: Most Asian shares rose on Wednesday, extending a rally driven by upbeat Chinese and U.S. economic data, but the dollar, U.S. yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting.
KUALA LUMPUR: The ringgit extended yesterday’s uptrend to open slightly higher against the US dollar today as weak greenback sentiment helped spur appetite for emerging currencies, including the ringgit, dealers said.
WASHINGTON: Daimler AG will pay US$2.2 billion violating U.S. clean air laws and to resolve claims from 250,000 U.S. vehicle owners, court documents show.
FRANKFURT: The European Central Bank (ECB) has a problem, and, no, it is not the exchange rate.
KUALA LUMPUR: The ringgit retreated from its recent gains to open slightly lower against the US dollar as cautious sentiment ahead of the US Federal Open Market Committee (FOMC) meeting kept investors to hold the greenback, dealers said.
BRUSSELS: Europe and Britain's car industries called on Monday on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector 110 billion euros ($130 billion) in lost trade over the next five years.