Trump touts stock market’s record run, but who benefits?
“All of those millions of people with 401(k)s and pensions are doing far better than they have ever done before with increases of 60, 70, 80, 90 and 100...
Pakistan pledges to buy more Malaysian palm oil to compensate for India’s withdrawal
India imposed general restrictions on refined palm oil imports, and informally asked traders specifically to stop buying from Malaysia, the world’s biggest producer of the edible oil. Sources said...
U.S. finalizes rule to slap duties on countries that undervalue currencies
The move could provide a fresh irritant in U.S.-China trade talks just weeks after the world’s two largest economies signed a Phase 1 trade agreement, and comes a day...
Euro zone producer prices fall at slower pace in December
Eurostat said prices at factory gates in the 19 countries sharing the euro dropped by 0.7% year-on-year in December, after a 1.4% plunge in November, in line with market...
Pound hit by renewed hard Brexit fears after Johnson’s tough talk
The sides have until the end of the year, when a standstill transitional period expires, to secure a deal on trade and future relations but Johnson is striking a...
U.S. oil fields flared and vented more natural gas again in 2019: data
Flaring, or deliberately burning gas produced as a byproduct to oil, can worsen climate change by releasing carbon dioxide. Venting releases unburned methane, which is many times more potent...
Virus fears wipe $393 billion off China’s stock market despite government support moves
A nearly 8% plunge on the Shanghai composite index was its biggest daily fall in more than four years. The Chinese yuan blew past the 7-per-dollar mark and Shanghai-traded...
Weak U.S. data ends the dollar’s safe-haven rally
The dollar index .DXY had gained 0.65% in the last two weeks as investor sold off risk assets. Coronavirus fears persisted, however, with the World Health Organization declaring the...
Oil rises as WHO declares emergency but opposes travel ban
Brent crude LCOc1 was up 20 cents at $58.49 a barrel by 1208 GMT but still down 3.6% on the week.
Brent crude LCOc1 was...
Shares struggle for footing after virus-battered week
Europe opened 0.3% higher following a bounce in Tokyo, but did little to repair what has been the most turbulent and costly week for many markets since August.
