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Asian stocks on hold for Lunar New Year, bitcoin eyes record highs

Stanley White and David Henry, Reuters
Posted at Feb 12 02:50 PM

Asian shares hovered just below a record high on Friday as mixed U.S. economic data caused some investors to show restraint after a global stock market rally pushed many bourses to dizzying heights. Read more »

Asian shares near all-time peak, oil heads to $60 on economic revival hopes

Swati Pandey, Reuters
Posted at Feb 08 11:12 AM

Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. Read more »

Asian shares under pressure on rising coronavirus cases

Swati Pandey, Reuters
Posted at Jan 25 09:48 AM

Asian shares were on the defensive on Monday as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite. Read more »

Asian markets set for messy open after U.S. stocks peak following Biden inauguration

Jessica DiNapoli, Reuters
Posted at Jan 22 09:46 AM

Asian investors were expecting a mixed day of trading after Wall Street peaked on Thursday, pushed upward by continued optimism about economic stimulus to counteract the COVID-19 pandemic promised by newly inaugurated U.S. President Joe Biden. Read more »

Hit by pandemic, eurozone sees ghost of the debt crisis

Alex Pigman, Agence France-Presse
Posted at Jan 19 09:41 AM

European governments fear the Covid-19 pandemic will punish the most fragile economies the hardest, widening gaps between EU member states and reviving memories of the eurozone debt crisis. Read more »

Asia shares step back, await China economic update

Reuters
Posted at Jan 18 10:00 AM

SYDNEY - Asian share markets retreated from highs on Monday as disappointing news on U.S. consumer spending tempered risk sentiment ahead of a closely-watched reading on the health of the Chinese economy. Read more »

Asia shares mostly lower amid rising coronavirus cases, Washington turmoil

Chibuike Oguh, Reuters
Posted at Jan 12 09:28 AM

Asian stocks were mostly lower on Tuesday, tracking Wall Street declines as political turmoil in Washington and rising coronavirus cases worldwide weighed on sentiment ahead of the start of the quarterly earnings season. Read more »

Asia shares start new year in upbeat mood, much already priced in

Reuters
Posted at Jan 04 09:14 AM

Asian share markets got the new year off to a solid start on Monday on expectations central banks will keep money super cheap while the rollout of coronavirus vaccines helps slowly revive the global economy. Read more »

Asian shares hit record high as investors bet on recovery next year

Hideyuki Sano, Reuters
Posted at Dec 30 11:40 AM

Asian shares hit a record high on Wednesday as investors bet on a strong economic recovery next year, as there is little sign policymakers wind back massive stimulus efforts aimed at staving off coronavirus-fuelled downturns. Read more »

Will the US dollar’s slide erode its status as the world’s currency of choice?

Karen Yeung, South China Morning Post
Posted at Dec 16 12:51 PM

In October, the US dollar lost its crown as the world’s most used global payments currency, slipping behind the euro for the first time since August 2013. Its share in global currency reserves is still dominant, but geopolitics and near-zero US interest rates have countries and investors looking for alternatives. Read more »

ECB's Lagarde sets scene for Fed-like strategy overhaul

Francesco Canepa and Balazs Koranyi, Reuters
Posted at Oct 01 09:06 AM

European Central Bank President Christine Lagarde set the scene on Wednesday for a change of strategy that could align the ECB with the U.S. Federal Reserve, possibly including a commitment to let inflation overshoot after it has been low for too long.  Read more »

ECB 'ready to act' on strong euro: board member

Jean-Philippe Lacour, Agence France-Presse
Posted at Sep 16 09:54 PM

The European Central Bank is "ready to act" to rein in the euro as it rises against the dollar, a member of the ECB's executive board told AFP. Read more »

ECB tells banks not to pay dividends until Jan 2021 over virus crisis

Agence France-Presse
Posted at Jul 28 04:29 PM

The European Central Bank on Tuesday urged banks to refrain from paying dividends or offering bonuses until January 1, 2021, in order to ensure lenders have sufficient buffers to survive the economic storm unleashed by the coronavirus crisis. Read more »

Euro boosted as huge EU stimulus plan propels global stocks

John Biers, Agence France-Presse
Posted at Jul 22 08:42 AM

Global stock markets mostly rose Tuesday along with the euro as EU leaders clinched an agreement on what they boasted was a historic rescue plan. Read more »

Euro zone set for deeper recession, less steep rebound: European Commission

ABS-CBN News
Updated as of Jul 07 05:55 PM

The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy and Spain struggling the most due to the COVID-19 pandemic. Read more »

Manila Bulletin on reported sale: 'Completely untrue'

ABS-CBN News
Updated as of Feb 12 12:59 PM

Manila Bulletin Publishing Corp on Wednesday denied rumors that the heirs of late Emilio Yap were considering the sale of some company assets. Read more »

Asian stocks hold ground as China virus fears persist

Tomo Uetake, Reuters
Posted at Jan 24 12:19 PM

Markets had steadied overnight, as investors took some solace from the World Health Organization labelling the outbreak an emergency for China, where 25 people have died and at least 800 have been infected, but not, as yet, for the rest of the world. Read more »

Philippines raises 1.2 billion euros from bond sale

ABS-CBN News
Updated as of Jan 22 11:10 AM

Manila issued 9-year bonds at the lowest-ever coupon or interest and 3-year euro bonds at an unprecedented zero coupon, Finance Secretary Carlos Dominguez said in a statement. Read more »

IMF cuts euro zone growth forecasts, as Germany slows and Italy stalls

Reuters
Posted at Nov 06 10:52 PM

Euro zone economic growth is set to slow more than expected as the bloc's manufacturing crisis could spill over to the larger services sector under protracted global trade tensions, the International Monetary Fund said on Wednesday.   Read more »

ECB cuts key rate, to restart bond purchases

Reuters
Posted at Sep 12 08:32 PM

The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up eurozone growth and halt a worrisome drop in inflation expectations. Read more »