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Stocks tumble as the two nations swap blows over trade
Everything is awesome in financial markets. The sense that a trade deal may finally be on the cards sent stocks and crude soaring in the US on Thursday, while flight-to-safety trades such as bonds and gold slumped.
BERLIN: Anyone expecting Germany to ride to the rescue of Europe’s economy is in for a wait.
NEW YORK: Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
TOKYO: Asian stocks rose on Friday as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record.
MUMBAI: India is considering a proposal to reduce the licence fee for fixed-line broadband services to households, a move that would boost access and lower cost for Internet service in Asia’s third-largest economy.
NEW YORK: Casper Sleep Inc duped investors into pouring US$100mil into its initial public offering (IPO), knowing its financial prospects were far dimmer than it promised, according to a lawsuit seeking class action status.
SOFT power means a lot to a country like Britain, which will soon have to live off its wits outside the European Union, even as it discovers that favourable trade deals are as hard to find as Lewis Carroll’s Snark.