Business

The dollar bounced off twoyear lows and a gauge of global equity markets halted its march toward a record high on Friday, as betterthanexpected U.S. jobs growth in July was tempered by the wrangles in Washington over a new stimulus bill.

The dollar bounced off twoyear lows and a gauge of global equity markets stopped marching toward a record high on Friday, as slightly betterthanexpected data on U.S. job growth in July also snapped big rallies in gold and the euro.

Leading producers Italy and France are looking to slash premium wine output from the upcoming harvest to shore up prices after the coronavirus pandemic hammered sales and led to a glut of stock.

China's exports rose at the fastest pace in seven months in July, while imports declined, painting a mixed picture for the economy as it recovers from its pandemicinduced slump.

Gold smashed a record high on Friday as a safety rush fuelled by the worsening coronavirus pandemic and its mounting economic toll gathered pace and put bullion on track for its longest weekly winning streak in nearly a decade.

The Federal Reserve says that its Main Street Lending Program designed to help small and mediumsized companies get through the pandemic has managed to make just eight loans in its first month of operations.

Stocks closed higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high.

Hilton Worldwide Holdings Inc said on Thursday it expects its room occupancy rates to improve by 5% by early fall as economies reopen gradually, and predicted it would take at least two years for demand to rebound to precoronavirus levels.

Glencore became the first major mining company to scrap its dividend this year, saying on Thursday that the economic outlook was too uncertain because of the coronavirus pandemic and it would instead focus on cutting its debt.

The head of the U.S. House Financial Services Committee and other top Democratic lawmakers on Wednesday asked federal regulators to investigate securities transactions made by Eastman Kodak and its executives around the time it learned it could receive a...

Pakistan's top economic body on Wednesday approved its costliest project to date as part of the multibilliondollar ChinaPakistan Economic Corridor (CPEC) agreement, giving the goahead for a $6.8 billion project to upgrade its railway lines, the government...

U.S. private employers hired far fewer workers than expected in July as companies exhausted loans to help with wages and new COVID19 infections flared up across the country, supporting the view that the nascent economic recovery was faltering.

Gold pushed further past $2,000 on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemicravaged global economy, while stocks in Europe and on Wall Street rallied on encouraging corporate earnings.

Private exporters sold 192,000 tonnes of U.S. soybeans to China, the U.S. Department of Agriculture said on Wednesday, the first confirmed sales of U.S. oilseeds to the world's top soy consumer since July 27.

Thomson Reuters Corp reported slightly lower revenue and an 18% fall in operating profit for the second quarter on Wednesday, and reaffirmed its forecast for the rest of 2020.

British retailer WH Smith said on Wednesday it could cut up to 1,500 jobs as part of a restructuring of its UK store operations due to a coronavirusdriven fall in customers at its travel and high street shops.