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Updated: 4 years 23 weeks ago
Hong Kong dollar strengthens to trading limit
The Hong Kong dollar rose on Monday to
7.75 per U.S. dollar, the strong end of its trading band, for
the first time since May 21.
Categories: Business News
UPDATE 2-EBay raises forecasts on online boom, shares hit record high
EBay Inc raised its
current-quarter revenue and profit forecasts on Thursday, as
people stuck at home due to the COVID-19 pandemic ordered more
through its online platform, sending its shares to a record
high.
Categories: Business News
Murphy Oil evacuating non-essential workers from Gulf of Mexico due to storm
Murphy Oil began
evacuating non-essential workers from the U.S. Gulf of Mexico on
Thursday because of the threat from Tropical Storm Cristobal.
Categories: Business News
Coronavirus crisis to boost Brazil bank lending this year by 7.6% - central bank
Bank lending in Brazil is set
to rise by 7.6% this year, the central bank said in a
presentation on Thursday, citing increased demand from companies
hit by the economic fallout of the coronavirus pandemic.
Categories: Business News
UPDATE 1-Brazilian retailer Via Varejo's board approves offering; shares rise
Brazilian electronics and
appliances retailer Via Varejo SA said on Thursday
its board has approved a primary share offering to raise up to 4
billion reais ($790 million), driving its shares higher.
Categories: Business News
EMERGING MARKETS-Latam stocks weaken as risk rally pauses
Latin American stocks fell on Thursday
and Mexico's peso eased off 12-week highs as a recent rally in
risk assets on hopes of an economic recovery lost steam.
MSCI's index of Latam stocks broke a
three-day winning streak, with Brazil's Bovespa Mexico's
IPC index both giving up about half a percent.
But "the rally could have another leg higher, especially as
the dollar looks to be on a downward trajectory, which may be a
sign that investors are g
Categories: Business News
UPDATE 1-HKEX says many U.S.-listed Chinese firms plan Hong Kong listings
Many U.S.-listed Chinese firms
will likely list on the Hong Kong exchange this year, in part
because of U.S. political pressure following China's new
national security legislation on Hong Kong, the head of the
exchange said on Thursday.
Categories: Business News
WRAPUP 3-U.S. jobless claims dip below 2 million, road to recovery rocky
The number of Americans
filing for unemployment benefits dropped below 2 million last
week for the first time since mid-March, but remains
astonishingly high as companies adjust to an environment that
has been significantly changed by COVID-19.
Categories: Business News
CANADA STOCKS-TSX falls on oil weakness, dismal trade data
Canada's main stock index fell on
Thursday as the heavyweight energy sector dropped on lower oil
prices, with bleak trade data for April further denting
sentiment.
Categories: Business News
Swiss to vote on companies' global liability for rights abuses
Swiss voters look set to get the
final say on whether Swiss-based companies should be liable for
human rights abuses and environmental violations in operations
even outside Switzerland.
Categories: Business News
GLOBAL MARKETS-ECB sends euro higher, stocks struggle with fatigue
World markets swung between hope
and caution on Thursday as a another shot of European Central
Bank stimulus was offset by still-troublesome U.S. data and
general fatigue after a weeks-long rebound in risk appetites
Categories: Business News
UPDATE 1-Bank of America to pay $7.23 mln for mutual fund overcharges - FINRA
Bank of America Corp agreed to
pay $7.23 million in restitution and interest to settle a U.S.
regulator's accusations that it overcharged customers on mutual
funds.
Categories: Business News
GLOBAL MARKETS-Equity rally pauses; European bonds rise on ECB stimulus
World equity markets dipped
Thursday after a three-day rally and European government bonds
edged higher as worse than expected U.S. economic data pointed
to a long road to recovery from the coronavirus pandemic.
Categories: Business News
American Airlines seeing slow but steady rise in domestic demand
American Airlines Group Inc said
on Thursday it was seeing a slow but steady rise in domestic
demand, as coronavirus-led lockdowns start to ease.
Categories: Business News
Bank of America to pay $7.23 million after overcharging mutual fund customers--FINRA
Bank of America Corp agreed to
pay $7.23 million in restitution and interest to settle a U.S.
regulator's accusations that it overcharged customers on mutual
funds.
Categories: Business News
CANADA STOCKS-TSX falls on weak oil prices, dismal trade data
Canada's main stock index opened lower on
Thursday, weighed by falling oil prices, while bleak domestic
exports and imports data in April further dented sentiment.
Categories: Business News