By Mike Dolan LONDON (Reuters) – Summer offered relief from the pandemic shock in the more stressed part of Europe’s corporate bond markets – but investors may be back on the frontline if a vaccine is slow to arrive. The bonds of high-quality, investment-grade companies have effectively been given a free pass through the pandemic […]
Economy12 hours ago (Aug 21, 2020 01:30AM ET) By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s already recession-hit economy likely suffered its deepest-ever contraction in the second quarter but is set to grow strongly in the third as curbs to contain the coronavirus pandemic ease, a Reuters poll found. Economists lowered their forecasts again and […]
Economy14 hours ago (Aug 21, 2020 12:05AM ET) By Colin Packham SYDNEY (Reuters) – Soaring demand for Vanuatu’s controversial passport scheme has kept the South Pacific island nation’s budget in surplus despite the COVID-19 pandemic and a damaging cyclone crippling its dominant tourism sector, budget papers show. Vanuatu late on Thursday reported a budget surplus […]
Stock MarketsAug 20, 2020 04:04PM ET (C) Reuters. By Christiana Sciaudone Investing.com — Markets closed higher on Thursday after starting out the day in the red because of jobless claims. The usual tech stocks were higher, and Tesla (NASDAQ:TSLA) shot past the $2,000 mark in a seemingly unstoppable rally. Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) got […]
Economy2 hours ago (Aug 18, 2020 09:50PM ET) (C) Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker at a bank in Westminster By Eimi Yamamitsu TOKYO (Reuters) – The dollar struggled to recoup heavy overnight losses on Wednesday after it slipped to 27-month low the previous session as uncertainties about […]
Economy1 hour ago (Aug 18, 2020 10:15PM ET) (C) Reuters. FILE PHOTO: Passengers wait to check in for their flights at the departure area of Latam airlines inside of the Commodore Arturo Merino Benitez International Airport in Santiago By Fabian Cambero and Marcelo Rochabrun SANTIAGO/SAO PAULO (Reuters) – LATAM Airlines (OTC:LTMAQ), South America’s largest carrier, […]
Economy3 hours ago (Aug 18, 2020 08:35PM ET) 2/2 (C) Reuters. FILE PHOTO :A security guard walks past in front of the Bank of Japan headquarters in Tokyo 2/2 By Tetsushi Kajimoto TOKYO (Reuters) – A third of Japanese firms are reassessing using offices after a sharp drop in their utilisation in August from a […]
Economy1 hour ago (Aug 18, 2020 10:30PM ET) (C) Reuters. A man walks past an electric screen showing Japan’s Nikkei and Shanghai Stock Exchange markets’ indices outside a brokerage in Tokyo By Swati Pandey and Chibuike Oguh SYDNEY (Reuters) – Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled […]
Coronavirus4 hours ago (Aug 18, 2020 07:10PM ET) (C) Reuters. House Speaker Nancy Pelosi Delivers Weekly Press Conference WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday that Democrats in Congress are willing to cut their coronavirus relief bill in half to get an agreement on new legislation, which a senior […]
Economy4 hours ago (Aug 18, 2020 07:10PM ET) (C) Reuters. The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto By Imani Moise (Reuters) – Citigroup Inc (N:C) won a small victory on Tuesday in its battle to recoup nearly $900 million it mistakenly sent to creditors of troubled cosmetics […]