Category: News

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...

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...