News Articles on {?keyword?} | ABS-CBN News

Dollar shines, euro suffers amid COVID fears in Europe

Kevin Buckland, Reuters
Posted at Nov 22 10:30 AM

The safe-haven US dollar traded close to a 16-month high to the euro on Monday on growing anxiety over the impact of surging COVID-19 infections in Europe. Read more »

There are only 18 of these bikes in the world and one is owned by a Filipino

ANCX Staff
Updated as of Aug 17 04:20 PM

Before you dream of having one in your garage, you have to listen to Emil Banno’s story first Read more »

ECB keeps cheap money taps open to hit new inflation goal

Michelle Fitzpatrick, Agence France-Presse
Posted at Jul 22 09:33 PM

The European Central Bank kept its vast stimulus for the eurozone in place Thursday, signaling ongoing support was needed to reach its newly revised, higher inflation target. Read more »

Dollar set for best month since March, payrolls test looms

Ritvik Carvalho, Reuters
Posted at Jun 30 05:11 PM

The dollar was heading for its biggest monthly rise since March on Wednesday, supported by traders' trepidation ahead of unpredictable US labor data and concern over the spread of the Delta coronavirus variant. Read more »

Dollar climbs towards three-month highs as virus cases rise

Reuters
Posted at Jun 29 08:50 PM

The dollar rose towards three-month highs versus major counterparts on Tuesday as coronavirus outbreaks threatened to snuff out global economic recovery with the Australian dollar and the British pound leading losses. Read more »

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 »