Category: News

The coronavirus pandemic has wiped out nearly half of the 12 million euro-area jobs created since the last recession, in another sign of the enormous damage wreaked on the economy. Employment slumped by 4.9 million in first half of the year, almost all in the second quarter when the most stringent measures to contain the...

Asian stocks as well as U.S. and European futures came under pressure Thursday after Federal Reserve minutes signaled tempered optimism about second-half growth and Sino-American tensions simmered. The dollar continued to rebound. Stocks fell in Japan, China and Australia, with Hong Kong and South Korean shares underperforming. A drop in S&P 500 futures signaled Wednesday’s weakness...

The dollar steadied near a more than two-year low while Asian stocks were mixed despite a record close for their U.S. peers. The morning session for Hong Kong’s equity market was canceled due to a typhoon. Shares rebounded in South Korea from Tuesday’s slide, were little changed in Japan and climbed in Australia. Chinese shares slipped amid...

The speed of Japan’s recovery from a record economic contraction will largely depend on how quickly an uptick in virus infections can be contained, with policy makers insisting there can be no blanket return to pre-virus ways of life. The world’s third-largest economy contracted an annualized 27.8% in the three months through June from the...

Stocks in Asia began the week mixed as investors assessed soured U.S.-China ties, with Chinese stocks outperforming after the central bank injected cash. The dollar slipped. China’s central bank injected liquidity into the financial system to support banks. Hong Kong also rose. Equities in Japan and Australia were lower. South Korea is closed for a...

The U.K. government’s plan to get people back to work to fuel the economic recovery is under threat from a rising childcare problem. Financial difficulties are putting the survival of many childcare facilities at risk, potentially forcing parents to drop out of the labor force to stay at home. Not only does that hit household incomes and...

Asian stocks drifted Friday as investors mulled the stalemate in stimulus talks in America and parsed signs of an economic recovery. Treasury yields steadied near an eight-week high. Shares in South Korea led decliners after daily virus cases there almost doubled. China and Hong Kong fell, while stocks fluctuated in Japan and posted modest gains...

Most Asian stocks advanced Thursday and the region was on course to erase this year’s declines as the global equity rally that’s driven shares higher since March continued to strengthen. The dollar weakened and Treasury yields ticked lower. Shares in Japan saw the bulk of gains, with South Korea and China also higher. Hong Kong dipped, and...

Most Asian stocks retreated Wednesday amid doubts over the timing of a spending package from Washington and some position-trimming in high-flying sectors. The gold selloff entered a second day after it tumbled the most in seven years Tuesday. Shares fell in Shanghai, Sydney, Hong Kong and Seoul, and European futures pointed lower. Japanese stocks bucked...

For weeks, America’s states have been counting on Congress to come through with hundreds of billions of dollars of aid to help them with a financial avalanche set off by the nation’s economic collapse. Instead, with some Senate Republicans balking at another round of federal stimulus and negotiations in shambles, President Donald Trump added another...