Weak dollar no boon for emerging markets this time

LONDON/NEW YORK (Reuters) – Typically a boon for emerging markets, this year’s plunge in the U.S. dollar may fail to boost the developing world’s prospects as the raging pandemic hits economic activity, increases poverty and exposes weak policymaking. The greenback

Global equities edge higher, safe havens flat ahead of Fed meeting

NEW YORK (Reuters) – Stock markets edged higher and perceived safe-haven assets were steady on Wednesday as investors awaited news from the U.S. Federal Reserve’s latest policy meeting. The Fed is expected to sound reassuringly accommodative at its policy review

Asian shares drop as China consulate closure fans Sino-U.S. tensions

SHANGHAI/NEW YORK (Reuters) – Asian shares slipped on Thursday as investors’ worries over rising tensions between Washington and Beijing overcame hopes for more stimulus, after the United Sates ordered the closure of China’s consulate in Houston amid accusations of spying.

Houston, we have a problem

LONDON (Reuters) – News that the United States had ordered China to close its consulate in Houston fanned a bout of selling in equity markets on Wednesday, while the euro basked at a 21-month high in the afterglow of the

Asia stocks rebound, hopes of more stimulus offset virus worries

TOKYO (Reuters) – Asian shares eked out gains and U.S. stock futures bounced back on Friday as hopes of more government spending around the globe suppressed concerns about rising new coronavirus case numbers and worsening tensions between Washington and Beijing.