Saudi Arabia is increasingly stuck between the rock of faltering crude oil demand growth and the hard place of trying to ensure supply is crimped enough to prop up prices.
Sterling, which was approaching a five-month high on Wednesday, is expected to lose some of those gains this year amid Brexit and coronavirus fears before recovering in 2021, a Reuters poll found.
The Philippine economy marked its first recession in 29 years, hammered by one of the world's longest and strictest coronavirus lockdowns in the second quarter, the statistics agency said on Thursday.
Ecuador has negotiated a one-year grace period on a credit line from China Development Bank (CDB) that will allow the South American nation to delay $417 million in payments, the finance minister said on Wednesday.
Oil prices were unchanged on Thursday, struggling to hold onto five-month highs reached in the previous session, as fuel demand worries caused by a second wave of coronavirus infections outweighed declines in the U.S. dollar.
FBI agents in tactical gear on Wednesday raided the Los Angeles-area mansion home of YouTube star and social media influencer Jake Paul in an investigation stemming from a looting spree at an upscale shopping mall in Scottsdale, Arizona, officials said.
Australian shares rose on Thursday after Wall Street notched overnight gains on strong corporate earnings and hopes for further U.S. stimulus, while domestic miners stormed to their highest in more than 9 years as commodity prices strengthened.
Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defences of private companies and households following a rise in cyber attacks, Prime Minister Scott Morrison will announce on Thursday.
E merging market currencies are expected to rise a bit further in coming months as a sliding U.S. dollar offsets domestic worries about large economic imbalances stemming from the coronavirus pandemic, a Reuters poll showed.
The dollar struggled to stem its broad decline on Thursday as investors worried the U.S. economic recovery may lag other countries due to a high level of coronavirus infections while the global economy slowly gets back on its feet.
FBI agents in tactical gear on Wednesday raided the Los Angeles-area mansion home of YouTube star and social media influencer Jake Paul in an investigation stemming from a looting spree at an upscale shopping mall in Scottsdale, Arizona, officials said.
The Manhattan district attorney's office, which has been seeking President Donald Trump's tax records, subpoenaed his longtime lender Deutsche Bank last year, suggesting its criminal investigation into Trump's business practices is more wide-ranging than previously known, the New York Times said on Wednesday.
(RTTNews) - The Taiwan stock market has moved higher in two straight sessions, collecting almost 300 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just above the 12,800-point plateau and it's looking at another green light for Thursday's trade.
Singapore's DBS Group Holdings reported a 22% fall in second-quarter profit as it increased loan loss allowances in a pandemic-hit market but said business activity was improving as economies emerge from lockdowns.
What happened
Shares of Square (NYSE: SQ) rose sharply on Wednesday, following the fintech star's strong second quarter results. By the close of trading, Square's stock was up 7.1% after rising as much as 15.8% earlier in the day.
Australia's largest financial advisory firm AMP Ltd said on Thursday Alex Wade is stepping down as the chief executive of its domestic wealth arm, effective immediately.
Uber said on Thursday it was buying the British tech company Autocab, which sells booking and dispatch software to private hire firms, in a move that will allow the taxi app to reach customers where it does not currently operate.
Rocket Companies Inc, the parent company of the U.S. mortgage lender Quicken Loans, on Wednesday priced its initial public offering (IPO) at $18 per share, below its target range, and sold fewer shares than planned, according to a person familiar with the matter.
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