Latest Prices News
Asian stocks follow Wall Street higher on vaccine hopes
Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced. Investors were encouraged after Pfizer and BioNtech announced preliminary data from a...
Protests as currency slides, price of bread rises in Lebanon
BEIRUT (AP) — Protesters closed several major roads in the Lebanese capital Beirut on Tuesday amid rising anger as the currency hit a new record low on the black market, electricity cuts increased and the government raised the price of bread for the first time in more than a decade. Reflecting the...
Shell takes $22 billion hit on lower oil, gas prices
LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term prospects of the global economy, the company said it continues “to...
US home prices increase 4% in April
WASHINGTON (AP) — U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April compared with a year earlier, the largest gain since...
Asian shares rise after Wall St rally, strong housing data
TOKYO (AP) — Asian shares rose Tuesday, cheered by a rally on Wally Street reflecting some optimism over stronger than expected economic data, despite widening coronavirus outbreaks. Japan's benchmark Nikkei 225 gained 1.8% in morning trading to 22,380.02. South Korea's Kospi gained 1.5% to 2,123.85,...
Honolulu to reopen campgrounds for first time in 3 months
HONOLULU -- The city of Honolulu has announced that campgrounds will reopen for the first time in three months with limited permits to ensure social distancing amid the coronavirus pandemic. Hawaii News Now reported that the city will issue permits for just over 100 campsites across Oahu. Honolulu Department of...
Asian stocks skid as new coronavirus cases rattle markets
BANGKOK (AP) — Shares skidded in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two months, dimming investors' hopes for a relatively quick economic turnaround. Markets in Hong Kong, Taiwan and Shanghai were closed for...
Iraq passes bill to unlock funds for cash-strapped state
BAGHDAD (AP) — Iraqi lawmakers Wednesday passed a crucial bill allowing the country to finance a widening fiscal deficit amid an unprecedented economic crisis spurred by falling oil prices and the pandemic. Of 329 members of parliament, 168 voted in favor of a law enabling domestic and foreign borrowing...
Asian shares advance, tracking Wall Street tech rally
TOKYO (AP) — Asian shares were mostly higher on Tuesday, recovering from some early losses as regional markets tracked a late rally on Wall Street led by technology shares. Japan's benchmark Nikkei 225 surged 0.8% to 22,621.84. Hong Kong's Hang Seng index jumped 0.9% to 24,728.76 and South Korea's Kospi...
Businesses in survival mode raise cash; commodities take off
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus. ________________________ CASH BURN: Live to see another day has become a mantra for companies...
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