A drop in the euro/dollar exchange rate to a four-month low raises the prospect of a repricing of one of the world’s most important macro-economic metrics and a potential re-rating of the U.S. currency across the globe.
South Africa's rand extended its winning streak early on Wednesday, reaching its firmest in three sessions as a return of global demand for riskier assets offset more dismal local data.
Trade-exposed Asian currencies edged ahead on Wednesday, buoyed by optimism that the spread of coronavirus had slowed, while the kiwi leapt after the central bank dropped its easing bias.
Malaysia's economy grew 3.6% in the fourth quarter from a year earlier, the slowest pace in a decade, due to lower output of palm oil, crude oil and natural gas, and a fall in exports amid the U.S.-China trade war.
The Philippines' DoubleDragon Properties Corp plans a sale of shares worth up to 66 billion pesos ($1.3 billion) in a real estate investment trust (REIT), starting this year, to generate funds for expansion, its chairman said on Wednesday.
Gold was little changed on Wednesday, as equities rose after the number of new coronavirus cases fell, while uncertainty over the economic impact of the outbreak underpinned bullion.
Taiwan's Foxconn hopes to resume half of its production in China by month-end, a source told Reuters on Wednesday, as the supplier to tech giant Apple and others reopens plants shut over a coronavirus outbreak.
Oil prices climbed on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover from the epidemic.
HONG KONG (Reuters Breakingviews) - A virus-related email has spread almost as fast as the illness from China. Shortly after Hong Kong broker CLSA hosted an interview for customers with a SARS expert, an anonymous listener’s notes from the call were zinged around the c
(RTTNews) - Asian stock markets are mostly higher on Wednesday following the mostly positive cues overnight from Wall Street. Investor sentiment was also boosted after China's senior medical adviser said in an interview with Reuters that the coronavirus outbreak may hit a peak i
America Movil, the Mexican telecommunications giant, on Tuesday reported a fourth-quarter net profit of 21.19 billion pesos ($1.12 billion), up 63% from the same period last year, helped by reduced costs and currency appreciation.
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