Latest Financial markets News
Global shares drop on jitters over virus, China-US friction
TOKYO (AP) — Global shares fell Tuesday as skepticism set in about the recent upward momentum in global markets given rising confirmed coronavirus cases and percolating tensions between the U.S. and China. France's CAC 40 slipped 1.8% in early trading to 4,967.27, while Germany's DAX was down 1.5% at...
China's trade rises as economy recovers from virus slump
BEIJING (AP) — China’s trade improved in June in a fresh sign the world’s second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand. Chinese imports rose 3% over a...
Asia shares drop on jitters over virus, China-US friction
TOKYO (AP) — Shares fell in Asia on Tuesday as skepticism set in about the recent upward momentum in global markets given rising confirmed coronavirus cases and percolating tensions between the U.S. and China. The White House’s decision to reject nearly all Chinese maritime claims in the South...
New Mexico restaurants bristle at rolling back indoor dining
ALBUQUERQUE, N.M. (AP) — Gov. Michelle Lujan Grisham’s revamped public health order took effect Monday, and some restaurant owners aren’t happy that they have been ordered to roll back indoor dining. The owners say they have gone to great lengths to make their establishments safe and that the...
Analog Devices, AMC fall; Pfizer, Quest Diagnostics rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday: Analog Devices Inc., down $7.25 to $117.25. The Norwood, Massachusetts chipmaker is buying rival Maxim Integrated Products in an all-stock deal worth $20 billion. PepsiCo Inc., up 45 cents to $134.91. The soda and snack maker...
Suriname gets new president, faces economic crisis
WAGENINGEN, Netherlands (AP) — Suriname's newly elected parliament chose a former police chief as the country's president on Monday to replace Desiree “Desi” Bouterse, who faces a murder conviction at home and a drug smuggling sentence abroad. Chandrikapersad Santokhi, better known as...
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for August delivery fell 45 cents to settle at $40.10 a barrel Monday. Brent crude oil for September delivery fell 52 cents to $42.72 a barrel. Wholesale gasoline for August delivery fell 1 cent to $1.27 a gallon. August heating oil fell 2 cents to $1.22 a gallon. August natural gas fell...
How major US stock indexes fared Monday
Stock indexes closed mostly lower Monday after giving up an early gain in another day of roller-coaster trading on Wall Street. Technology companies, which led the market higher in the morning, led it lower in the afternoon. Investors were discouraged to see that California extended a shutdown of bars and indoor...
IMF calls on Lebanese to unite behind government reform plan
BEIRUT (AP) — The International Monetary Fund on Monday urged Lebanese authorities to unite behind a government economic plan that has received a cool reception from the banking sector, saying the country needs a reform program to rescue an economy mired in crisis. Lebanon, one of the most indebted nations...
IMF: Mideast loses $270B oil income amid virus, recession
DUBAI, United Arab Emirates (AP) — The Middle East's energy producers are expected to earn $270 billion less in oil revenue compared to last year as the region's economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic, according to the International Monetary Fund's...
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