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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.
LONDON: Bank of England (BoE) officials could signal today that the case for more monetary stimulus is growing as a nascent rebound from the pandemic-induced recession risks fading.
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.
KUALA LUMPUR: Malaysia’s palm oil inventories at end-July likely plunged 11.94% from June to three-year lows, as production slumped due to a worsening labour shortage amid the coronavirus outbreak.
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.
NEW YORK: Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
State and local officials are receiving additional tools from the US federal government to help defend the nation’s election systems from cyberthreats ahead of the November vote.
A deal allowing Microsoft to buy social media phenomenon TikTok could be transformative for the US tech giant’s efforts to become more consumer-focused – if it can overcome the business and political risks.
Japan's Nintendo Co Ltd on Aug 6 is expected to post a 160% jump in first-quarter operating profit as its hit Switch console and titles like Animal Crossing: New Horizons look set to extend a decade-high earnings streak.