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

Markets dive on inflation woes as dollar spikes against yen

Agence France-Presse
Posted at Jun 13 07:19 PM

Markets tumbled in Asia and Europe on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes. Read more »

Meta's shock share price drop shakes world tech

ABS-CBN News
Posted at Feb 03 08:46 PM

Shares in Facebook owner Meta fell 20 percent in US premarket trade on Thursday after the social media giant issued a dismal forecast. Read more »

Stock markets mostly retreat as focus firmly on inflation

Agence France-Presse
Posted at Jan 13 08:46 PM

Leading European and Asian stock markets largely retreated along with the dollar Thursday as investors tracked developments surrounding decades-high inflation. Read more »

Asian markets drop as era of cheap cash draws to a close

Agence France-Presse
Posted at Jan 11 02:49 PM

Asian markets retreated as investors grew concerned about the Federal Reserve's plans to wind back its financial support and lift interest rates within months. Read more »

European equities extend gains as Omicron fears fade

Agence France-Presse
Posted at Jan 05 08:59 PM

Europe's major stock markets advanced Wednesday as investors drew strength from easing Omicron virus concerns and shrugged off a mixed performance in Asia. Read more »

Omicron panic pummels equities, oil

Agence France-Presse
Posted at Dec 21 09:13 AM

Global equity and oil markets slumped Monday on investor panic over the impact of worldwide measures to contain the fast-spreading Omicron coronavirus variant. Read more »

Dollar shines, euro droops as Omicron spreads

Kevin Buckland, Reuters
Updated as of Dec 20 11:41 AM

The US dollar hovered near the highest since July of last year against major peers on Monday after a Federal Reserve official signaled a first pandemic-era interest rate hike could come as early as March. Read more »

Stocks dip, oil slides and havens shine as growth nerves nag

Tom Westbrook, Reuters
Posted at Nov 18 02:00 PM

Stock markets slipped and safe havens such as government bonds, gold and the yen were supported in Asia, as uneasiness crept in over interest rates and growth. Read more »

World stocks slide as inflation worries mount

Agence France-Presse
Posted at Jul 08 08:11 PM

Europe's top benchmarks were trading around 1.5-2.0 percent lower in early afternoon deals following some heavy losses in Asia.   Read more »

Philippine stocks fall as vaccine, economic recovery hopes ebb

Shashwat Awasthi, Reuters
Posted at Dec 04 02:14 PM

Philippine shares snapped a three-day winning run on Friday, hit by a forecast of a deeper economic contraction in the country this year and news that U.S. drugmaker Pfizer Inc had halved its COVID-19 vaccine production target for 2020.   Read more »

Stocks creep higher on U.S. stimulus hopes, yuan sinks

Tom Westbrook, Reuters
Posted at Oct 12 08:37 AM

Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains. Read more »

Oil and European shares rise as lockdowns ease, gold jumps

Elizabeth Howcroft, Reuters
Posted at May 18 07:50 PM

European stock markets rose on Monday and oil prices climbed to their highest in as much as two months as a loosening of coronavirus shutdowns boosted market sentiment, even though the deadly outbreak has yet to be fully contained.   Read more »

Asia markets surge as US agrees to blockbuster stimulus package

Agence France-Presse
Updated as of Mar 25 11:57 PM

Asian equities soared again Wednesday after US lawmakers finally agreed a mammoth stimulus package to support the world's top economy against the impact of the coronavirus pandemic. Read more »

Global central banks pull out all stops as coronavirus paralyses economies

Swati Pandey, Reuters
Posted at Mar 16 05:44 PM

The coordinated response from the Fed to the European Central Bank (ECB) and the Bank of Japan (BOJ) came amid a meltdown in financial markets as investor anxiety deepened over the difficulty of tackling a pathogen that has left thousands dead and put many countries on virtual lockdowns. Read more »

US-Iran tension drags Asian markets lower

Ahn Young-joon, AP Photo
Posted at Jan 08 04:20 PM

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday. Read more »