Category Archives: Market

Global stocks pull back as acrimonious U.S. debate stokes caution

Singapore, U.S. equity futures fell and safer assets like the yen and dollar found buyers on Wednesday after a chaotic first U.S. presidential debate turned investors cautious, though strong factory surveys gave a boost to Chinese shares.   President Donald Trump and Democratic rival Joe Biden sparred over Trump’s leadership on the coronavirus pandemic, the

UK GDP collapsed in second quarter

London, Britain’s economy shrank by a record 19.8% in the second quarter of 2020 when COVID-19 lockdown measures were in force, a slightly smaller decline than an initial estimate of a 20.4% fall in output, official figures showed on Wednesday.   Output during the three months to the end of June was 21.5% lower than

US stocks are mixed as S&P 500 heads for 4th weekly loss

New York, U.S. stocks are wobbling in early Friday trading, as the S&P 500 heads for a fourth straight week of losses amid Wall Street’s sudden September swoon.   The S&P 500 was 0.1% lower after flipping from a loss to a tiny gain and back within the first few minutes of trading. Stocks have

UAE stresses commitment to supporting efforts to reinforce international trade, investment

The UAE confirmed its commitment to supporting all global efforts to reinforce international trade and investment. This statement was made during the country’s participation in the closing meeting of G20 trade and investment ministers, which was held remotely and chaired by Saudi Arabia. The UAE was represented by Dr. Thani bin Ahmed Al Zeyoudi, Minister

Taj Mahal gets first visitors despite infections increase

Agra: India reopened its famed monument to love, the Taj Mahal, with the first visitors trickling in on Monday, as authorities reported 86,961 new coronavirus infections, with no signs of a peak yet.   A Chinese national and a visitor from Delhi were among the first to step into the white marble tomb built by

Hungary’s 2021 economic rebound hinges on COVID vaccine: finance minister

Budapest: Hungary’s economy will struggle to grow next year if a coronavirus vaccine is not found, finance minister Mihaly Varga said in an interview published Saturday, as the government prepares to announce more steps to try to revive growth. Varga told newspaper Magyar Nemzet that if a vaccine is not available by around the middle

US stocks drift as another bumpy week of trading nears end

New York,  Stocks are drifting in mixed trading on Wall Street Friday, as another zig-zag week for markets closes out following their abrupt loss of momentum this month, the Associated Press (AP) reported.   The S&P 500 was down 0.1% in morning trading after giving up a small gain in the first few minutes of

New Zealand records largest GDP fall on record

Wellington: New Zealand’s gross domestic product (GDP) has suffered its largest fall on record as the economic impact of Covid-19 hit, the government’s official data agency reported on Thursday. The country’s GDP fell 12.2 percent in the three months ended June 30, the largest fall since comparable records began in 1987, Stats New Zealand said,