Turkish stocks are set for their longest streak of weekly gains in more than 11 years, as an improved global appetite for riskier assets and a pleasing switch to more orthodox monetary policy attracts investors […]
China’s Rapid Recovery Puts Global Dollar Hegemony in Doubt
China’s light-speed recovery from the pandemic has reignited the perennial debate about how long the dollar’s 50-year dominance of global markets can persist. The U.S.’s struggle to control the coronavirus and revive its economy contrasts […]
A Thai Stock’s 1,000% Surge Leaves Market Watchers Dumbfounded
Delta Electronics (Thailand) Pcl’s shares have surged more than 11-fold over the past year, leaving market watchers and even the company puzzled. With fundamentals not strong enough to justify the meteoric rise, analysts too are […]
Thailand Skipped Lockdown to Save Economy, But Growth Takes Hit
Thailand’s latest virus outbreak is likely to crimp consumer spending and delay a tourism revival, prompting warnings the economy may undershoot expectations for a rebound this year and next. Thailand hopes to avoid a full […]
Economist: Even with a blue wave, Biden's tax ambitions could stall
New York (CNN Business)Stocks are rallying sharply on Thursday, as Wall Street continues to be unfazed by the prior day’s violent clashes on Capitol Hill. For forward-looking investors, the Democratic sweep in the Senate, which […]
Europe’s Car-Sales Outlook Is Bleak After Worst Year in Decades
Europe’s top auto markets posted their biggest annual sales declines in decades, with ongoing coronavirus restrictions expected to crimp a recovery early this year. Registrations fell by about 25% last year across Germany, the U.K., […]
Indonesia to Release Bali Bombing Convict Amid Security Fears
Indonesia is set to release the alleged mastermind of the deadly Bali bombings after his 15-year prison term ends Friday, raising concerns over possible security threats. Abu Bakar Bashir was found guilty of funding an […]
Asia Stocks Up on U.S. Senate Sweep; Bonds Steady: Markets Wrap
Asian stocks advanced with U.S. futures after Democrats took control of the Senate following key elections, amid expectations that President-elect Joe Biden will boost fiscal stimulus. Treasuries held overnight losses. Stocks rose across much of […]
U.S. Federal Reserve Meeting Minutes: Dec. 16 (Text)
Following are the minutes of the Federal Reserve‘s Open Market Committee meeting on Dec. 16: A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, […]
Roku, Bank of America, Coca-Cola, Canadian Solar, and More of Tuesday Afternoon’s Analyst Calls
Over halfway through the trading day on Tuesday, and the broad markets have largely traded sideways, although a little positive. The S&P 500, Nasdaq and Dow Jones industrial average were all up slightly in the […]