Stocks rally after Chinese data boost to close worst quarter since 2008

World stocks looked set to close their worst quarter since 2008 on a brighter note on Tuesday, as strong Chinese factory data held out...

South Africa’s rand plunges to all-time low

After Moody's downgraded South Africa's investment rating to "junk" on Friday, the rand plummets - adding heaping further economic misery on Africa's most advanced...

Chaotic oil price persists

The current situation on the commodity market regarding oil trading is very favourable for investors who are able to accept a very high level...

Asia shares suffer fresh spill as virus damage deepens

By Wayne Cole SYDNEY (Reuters) - Asian shares slipped on Monday and oil prices took another tumble as fears mounted that the global shutdown for...

Dollar slows slide as investors seek shelter amid pandemic crisis

By Tom Westbrook SINGAPORE (Reuters) - The dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as...

Italy’s UniCredit puts 2019 dividend, share buyback on hold after ECB recommendation

MILAN (Reuters) - Italy's biggest bank, UniCredit (MI:CRDI), said on Sunday it was putting on hold plans to pay dividends on 2019 results and...

Egypt’s banks told to limit withdrawals and deposits

CAIRO (Reuters) - Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control...
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U.S. company wins approval for rapid-results COVID-19 testing

Abbott Laboratories said on Friday it won U.S. marketing approval for a diagnostic test for the coronavirus that can deliver results to patients within...
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Trump invoking Defense Production Act to acquire more ventilators

U.S. President Donald Trump on Friday said that he is invoking the Defense Production Act to require General Motors Co to build much-needed ventilators...
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‘I didn’t see this coming’: SA businesses brace for tough times

Small business owners like coffee vendor Siyathemba Ralo say they will struggle as a 21-day coronavirus lockdown begins, and don't know how to access...
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$2 tln U.S. stimulus fails to lift global stocks

The U.S. has a $2 trillion stimulus package, but that wasn't enough to lift global stock markets Thursday. Julian Satterthwaite reports. Read more at...
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Global shares jump again on stimulus bump

Shares rose on Wednesday following a strong rally in the previous session, as investors bet on unprecedented stimulus measures to ease the economic pain...

Investors see the price of gold rise

The price of gold rose sharply by about 4 percent of its daily price during the beginning of the 13th week of 2020. It...
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Trump considers reopening U.S. economy despite coronavirus spread

President Donald Trump is considering measures to reopen the U.S. economy, even as the highly contagious coronavirus is spreading rapidly and hospitals are bracing...

The US dollar exchange rate rises

Investor sentiment over concerns regarding the spread of Covid-19 coronavirus in Europe and the subsequent sharp decline in the economies of the European Union...

Mexico’s peso currency falls to record low

MEXICO CITY (Reuters) - Mexico's peso currency tumbled 1.81% on Sunday to a new low of 24.86 pesos per U.S. dollar, after warnings of...

Occidental nears deal with activist Icahn on proxy battle: source

(Reuters) - U.S. oil and gas producer Occidental Petroleum Corp (N:OXY) is nearing an agreement with activist investor Carl Icahn to halt a proxy...

MGM Resorts boss Jim Murren vacates position amid industry crisis over virus outbreak

(Reuters) - U.S. casino operator MGM Resorts International's (N:MGM) Chief Executive and Chairman Jim Murren is stepping down prior to the expiration of his...

Mexican president cautions against using reserves to boost peso

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Sunday he believes the central bank should be careful with the country's...

Russia: Gulf nations, not us, to blame for oil prices fall -TASS

MOSCOW (Reuters) - Russia never sought a sharp oil price fall or an end to cooperation with Organization of Petroleum Exporting Countries (OPEC), and...