Here’s what you need to know: The Organization of the Petroleum Exporting Countries said Monday that it was cutting back slightly its forecast for demand for crude for 2020 and…
Tag: markets
Asian markets brush off uncertainty, follow Wall Street higher
Asian stock markets rose Thursday after Wall Street turned in its biggest daily gain since July despite uncertainty about the global outlook. The Shanghai Composite Index SHCOMP, -0.58{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} rose 0.1{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}…
China must reform financial markets to ward off US financial sanctions, think tank urges
Some Chinese economists say that, under the current strained bilateral relations between China and the US, Beijing should strive to build “a super-large financial market” to help prevent financial decoupling.…
Philippines Eyes Foreign Debt Markets to Tackle Budget Deficit
(Bloomberg) — Philippine Treasurer Rosalia de Leon says she is closely watching overseas bond markets to help fund a budget deficit that’s expected to climb to a record this year,…
ANALYSIS-Banks in bonus balancing act as economies shrink but markets boom
By Sinead Cruise LONDON, Aug 26 (Reuters) – Major international banks may still pay out big bonuses to high flyers this year even as the pandemic saps the global economy,…
A 2nd coronavirus wave won’t stop the stock market’s momentum, Wharton professor Jeremy Siegel says
Bloomberg TV Jeremy Siegel, a Wharton finance professor, told CNBC that the stock market would not lose upward momentum if the US were to experience another wave of COVID-19 cases.…