Central European currencies held stable and stock indices gained on Wednesday as global markets looked forward to further stimulus measures in the United States and better-than-expected European earnings reports lifted investor sentiment.
Japan's new top financial regulator Ryozo Himino voiced caution over taking fresh steps to promote cryptocurrency trading, arguing that doing so may not necessarily promote technical innovation.
Earlier in the year, when things looked pretty bleak on the COVID-19 front, President Trump hoped the spread of the virus would wane during the summer months, which is what typically happens with the flu and other viruses that are more rampant during the winter. But clearly, tha
Most emerging market currencies continued their advance against a weaker dollar on Wednesday, while Turkey's lira fell more than 1% as concerns remained about the central bank's depleted forex reserves and higher foreign debt obligations.
British new car registrations rose by an annual 11.3% in July, the only increase so far this year as showrooms across the whole of the United Kingdom were open for their first full month since lockdown measures eased.
London-listed shares jumped on Wednesday as record gold prices powered miners of the commodity, while insurer Hastings Group soared after agreeing to a $2.2 billion buyout offer.
The Russian rouble firmed in early trade on Wednesday, rebounding from three-month lows hit earlier this week ahead of the finance ministry's treasury bond auctions, while stocks climbed to their highest since February.
South African miner Gold Fields said on Wednesday booming gold prices could drive up half-year profits by more than 300%, triggering a 10% rally in its shares.
Denmark's Copenhagen Airports is considering laying off 650 staff to cope with a global aviation sector standstill as a result of the coronavirus crisis.
Euro zone business activity returned to modest growth in July as some curbs imposed to stop the spread of the coronavirus were lifted, but the rebound in the bloc's dominant service industry was not as sharp as expected, a survey showed.
South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump.
It took months of tough talks for Argentina to reach agreement on restructuring $65 billion in debt. Now, economists and policymakers say, the real work begins: reviving Latin America's No. 3 economy from its currency and fiscal crises.
Business conditions in Germany's services sector rebounded into expansionary territory in July, led by recoveries in hospitality and other consumer services sectors that had been hit hard by coronavirus curbs, index provider Markit said.
The dollar remained weak on Wednesday as a U.S. coronavirus relief package stalled in Congress and U.S. bond yields sank, with investors weighing prospects of further monetary easing to support the economy.
Italian government bond yields hit five-month lows on Wednesday, after U.S. Treasury yields fell to new lows, indicating uncertainty about an economic recovery from coronavirus.
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