Category: News

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...

Asian stocks rose the most in a week on Tuesday after a drop in coronavirus hospitalizations in some U.S. states, even as global cases topped 20 million. The dollar slipped. Japanese and Hong Kong equities rose about 2%. Shares advanced in Australia and South Korea. S&P 500 futures climbed, putting the benchmark on course to...

Canada’s economy recorded a third straight month of strong employment gains that have recouped more than half of losses from Covid-19. Employment rose by 418,500 in July, bringing to 1.7 million the number of jobs reclaimed over the past three months. Canada lost 3 million jobs in March and April at the height of the...

The dollar was steady at the start of the trading week and stocks traded mixed as investors weighed uncertainty over the timing of a stimulus package from Washington and looked ahead to this week’s expected review of the U.S.-China trade pact. Oil climbed. Shares in Hong Kong retreated, with Tencent Holdings Ltd. seeing more losses...

Stocks dropped Friday, led by Chinese technology firms, after a U.S. move to prohibit transactions related to WeChat stoked tensions. Treasuries and the dollar rose. China and Hong Kong shares saw the bulk of losses, with WeChat operator Tencent Holdings Ltd. slumping more than 7%. The offshore yuan also retreated along with S&P 500 futures....

A rally in Asian stocks faltered Thursday as investors weighed more signs of tension with U.S.-China relations and ongoing negotiations on an American stimulus package. The dollar dipped toward its lowest in almost two years. Hong Kong shares saw the bulk of losses, with China and Japan modestly lower. Equities in South Korea and Australia outperformed. S&P...

Australian Prime Minister Scott Morrison warned the lockdown across Victoria state and even tighter measures in Melbourne to contain a Covid-19 outbreak will cut gross domestic product by 2.5% in this quarter. “The events in Victoria are devastating,” Morrison told reporters in Canberra Thursday as he outlined Treasury’s initial estimates of the economic impact. “Devastating...

California’s second round of coronavirus-related shutdowns, among the nation’s strictest measures, are already causing pain for the most populous state’s labor market and portend a deterioration in the overall U.S. employment picture for July. When Governor Gavin Newsom announced on July 13 that indoor operations at businesses including salons and gyms would close to curb the resurgent...

Asian stocks traded mixed on Wednesday as investors mulled the progress of stimulus talks in Washington and reports of a plan to review the U.S.-China trade deal. Gold touched a record high. Shares fell in Japan, Australia and Shanghai, but rose modestly in South Korea and Hong Kong. S&P 500 futures were little changed after...

Victoria’s spiraling Covid-19 outbreak and the closure of large tracts of the southeastern state’s economy is likely to prolong Australia’s first recession in almost three decades. A curfew in Melbourne, the shuttering of swathes of the retail and manufacturing sectors and tight limits on construction for six weeks are set to result in another quarterly contraction in gross domestic product,...