Economy & Finance

Global funds once again opt out of stocks, despite rally, Reuters polls show

Global funds once again opt out of stocks, despite rally, Reuters polls show

Published 28/08/2020

BENGALURU (Reuters) - Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as [more…]

Payment holiday parachute might COVID-proof government bonds, top fund says

Payment holiday parachute might COVID-proof government bonds, top fund says

Published 26/08/2020

LONDON (Reuters) - The option of a one-time payment holiday during times of intense crisis might enable countries to pandemic-proof their bonds, a prominent debt [more…]

China agrees with U.S. to push forward implementation of Phase 1 trade deal

China agrees with U.S. to push forward implementation of Phase 1 trade deal

Published 25/08/2020

BEIJING (Reuters) - China said on Tuesday it agreed with the United States to continue pushing forward the implementation of the bilateral Phase 1 trade [more…]

United States Oil Fund faces possible SEC action: filing

United States Oil Fund faces possible SEC action: filing

Published 19/08/2020

(Reuters) - The U.S. Securities and Exchange Commission is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due [more…]

Asia shares push ahead as China markets jump

Asia shares push ahead as China markets jump

Published 17/08/2020

SYDNEY (Reuters) - Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent [more…]

Take Five: Impasse!

Take Five: Impasse!

Published 17/08/2020

1/WALL STREET WATCHES WASHINGTON U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. Trillions of dollars injected by the Federal Reserve and [more…]

Factbox: Oil refiners shut plants as demand losses seen continuing

Factbox: Oil refiners shut plants as demand losses seen continuing

Published 17/08/2020

(Reuters) - Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for [more…]

Dollar in the doldrums- U.S. politics, Fed minutes eyed

Dollar in the doldrums- U.S. politics, Fed minutes eyed

Published 17/08/2020

SINGAPORE (Reuters) - The dollar slipped marginally and commodity currencies inched higher on Monday as investors were relieved by a delay in the review of [more…]

New Zealand new wage subsidy scheme expected to cost $333 million

New Zealand new wage subsidy scheme expected to cost $333 million

Published 17/08/2020

WELLINGTON (Reuters) - New Zealand’s Finance Minister Grant Robertson said on Monday that the new wage subsidy scheme is forecast to cost about NZ$510 million [more…]