Coronavirus

Correction in global stocks likely, funds trim equity allocations

A modest correction in global stock markets is likely by the end of this year, according to a slim majority…

4 years ago

Canada bank investors fret over pace of lending recovery as deposits surge

Canadian banks started to see a much-awaited improvement in their core lending outside of mortgages in the third quarter, helping…

4 years ago

Robinhood shares tumble after PayPal news, SEC scrutiny of key revenue stream

Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that…

4 years ago

Hong Kong’s strict quarantine rules threaten to erode allure of financial hub

Hong Kong's government is facing growing pressure from business lobby groups to open borders or risk losing executives and investment…

4 years ago

French Q2 growth revised up to 1.1%

The French economy rebounded slightly more strongly than first thought in the second quarter as consumer spending recovered after a…

4 years ago

McDonald’s, others consider closing indoor seating amid Delta surge in U.S.

Some U.S. fast-food restaurants are closing indoor seating areas or limiting hours of operation because of the spread of the…

4 years ago

Japan’s July factory output slips as COVID-19 hits car production

Japan's industrial output shrank in July as car production took a hit from a coronavirus resurgence in Asia that has…

4 years ago

China’s economy under pressure as factory activity slows in Aug, services contract

China's businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace…

4 years ago

Norwegian Air sees travel rebound ending need to seek more cash

Norwegian Air (NORR.OL) said on Tuesday it would not need to raise more cash as easing COVID-19 travel restrictions lifted bookings, although…

4 years ago

S.Korea drafts aggressive spending plan for 2022, taking debt to 50% of GDP

South Korea's government on Tuesday unveiled an aggressive spending increase in the final annual budget of President Moon Jae-in's five-year…

4 years ago