Category: News

Australian Prime Minister Scott Morrison said most state and territory leaders have recommitted to opening up the economy by December, but failed to secure an immediate agreement to lift border restrictions that are hampering the recovery. The nation has fragmented along state lines, with many leaders barring travel from the two most-populous states of New...

Global stocks fell Friday as a rotation away from high-flying tech stocks gained steam amid question marks over the sustainability of lofty valuations. Shares dropped across Asia, though losses were smaller than those seen in the U.S. overnight, as trader focus turned to the non-farm payrolls report later Friday. S&P 500 futures slipped after the...

The U.K. government and businesses already were focused on deepening partnerships in the Asia-Pacific region before the coronavirus pandemic, and now are doubling down on promoting free trade and digital partnerships there, the country’s trade commissioner for Asia-Pacific said in a Bloomberg Television interview. U.K. trade with Southeast Asia is up 70% over the past...

Stocks in the Asia-Pacific region rose after U.S. equities set a fresh all-time high, with investors assessing signs that a record-breaking global rally is broadening into other sectors and away from technology. South Korean shares outperformed, with those in Japan, Australia and Hong Kong also higher. Euro Stoxx 50 futures were up 1%. S&P 500...

Australia’s economy contracted by the most on record last quarter, underscoring the need for unprecedented stimulus measures as the recovery from the nation’s first recession in almost 30 years is buffeted by Victoria state’s renewed Covid outbreak and lockdown, Gross domestic product plunged 7% from the first three months of the year, the largest fall...

Asian equities were mixed on Wednesday, while U.S. and European futures climbed, as investors took stock of gains that propelled global shares to record highs. Emerging-market currencies weakened. Australian stocks outperformed, while Japan and South Korea posted more modest gains and China and Hong Kong edged lower. S&P 500 futures rose after a climb in...

Economic confidence in the euro area continued to improve in August, with companies from manufacturing to services benefiting from higher demand following the end of pandemic lockdowns. A European Commission sentiment index rose for a fourth month, exceeding all but three estimates in a Bloomberg survey, and registered sustained gains in industry, retail trade and...

The dollar extended losses at the start of a new month to trade at its lowest since May 2018. Asian stocks drifted after a retreat in most U.S. equities with the exception of technology shares. The euro led the charge against the beleaguered greenback and approached the closely watched $1.20 level. China’s yuan touched the...

U.S. futures and Asian stocks began the week with gains after equities reached fresh highs last week. The dollar traded near the lowest in more than two years, while the yen pared some of Friday’s climb as Japan looks for a new prime minister. Shares in Japan outperformed, bolstered by Berkshire Hathaway Inc.’s purchase of...