Oil advances, but outlook gloomy as coronavirus cases, supply grow

TOKYO: Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains muted as surging COVID-19 cases around the world hurt the outlook for crude demand while supply is rising.

Asian markets look set to continue a downward path on Tuesday

Asian markets look set to continue a downward path on Tuesday after soaring global coronavirus cases and shrinking hopes for a U.S. stimulus deal took a toll on Wall Street and drove up the U.S. dollar.

US stocks higher with stimulus on spotlight

US stocks advance, benchmark Treasury yields rise

NEW YORK: U.S. stocks gained ground on Thursday after oscillating for much of the session as growing optimism about an imminent U.S. coronavirus relief deal helped offset concern about a global surge in COVID-19 cases.

Oil price higher, boosted by US stimulus hopes

NEW YORK: Oil prices ticked up on Thursday, boosted by the possibility of an economic stimulus package in the United States, but struggled to recover fully from the previous session's losses when higher U.S. gasoline inventories signalled a deteriorating demand outlook as coronavirus cases soar.

Plan to cut tax loophole has real estate funds worried

COPENHAGEN: Real estate investors are trying to figure out how to block a proposal by Denmark to close a legal loophole through which they’ve enjoyed virtually unlimited tax deferrals on value gains.

Asian shares drop as US stimulus talks drag on

SHANGHAI/NEW YORK: Asian shares fell on Thursday and U.S. Treasury yields ticked lower as investors fretted over the slow pace of U.S. stimulus talks and a surge in global cases of Covid-19.

Ringgit retreats on lower oil prices, work from home order

KUALA LUMPUR: The ringgit retreated from yesterday’s gains to open lower versus the US dollar today, despite the greenback weakening due to improved risk appetites.

Asian investors prepare for choppy trade Thursday as US stimulus talks drag on

NEW YORK: Asian investors prepared for rough trading on Thursday after a bumpy session on Wall Street amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential election on Nov. 3.

US stocks end lower as US stimulus talks drag on

NEW YORK: Wall Street's three major averages closed lower on Wednesday after a volatile trading session, as investors worried whether difficult negotiations in Washington would produce a deal for a fresh U.S. coronavirus stimulus package.