World stocks rally, dollar slides awaiting clear US vote outcome
LONDON: Stock markets rallied yesterday and the dollar slid against the euro and pound as US election uncertainty reigned ahead of a key Federal Reserve update.
LONDON: Stock markets rallied yesterday and the dollar slid against the euro and pound as US election uncertainty reigned ahead of a key Federal Reserve update.
JAKARTA: Indonesia’s virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in the Asian financial crisis more than 20 years ago.
LONDON: The Bank of England increased its already huge bond-buying stimulus by a larger-than-expected 150 billion pounds ($195 billion) as it braced for more economic damage from new coronavirus lockdowns and damage from Brexit, too.
NEW YORK: Wall Street and financial industry executives urged caution as no clear winner emerged in the hours after polls closed in the 2020 US presidential election, threatening a drawn-out count that keeps markets and businesses hanging.
LONDON: Volatility gripped financial markets yesterday with the US election outcome clouded by huge uncertainty. European stock markets, which opened sharply lower after President Donald Trump said he would go to the Supreme Court to dispute the US vote count, turned higher in late morning deals.
HONG KONG: Hong Kong’s “mom and pop” investors had been looking forward to an instant jackpot via Ant Group’s record-busting $34 billion IPO.
KUWAIT: The Ministry of Health announced yesterday registering 763 new coronavirus (COVID-19) infections in the past 24 hours, raising the total to 128,843. Deaths reached 794 with the addition of five fatalities.
FRANKFURT: German pharmaceuticals and chemicals giant Bayer yesterday posted another huge loss in its third quarter as it struggles to manage legal issues surrounding its glyphosate weed killer linked by plaintiffs to cancer cases.
SYDNEY: Australia’s central bank trimmed interest rates to near zero yesterday and ramped up its bond-buying plans in a much-needed salve to aid economic recovery from the country’s worst downturn in a generation.
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