Economy News
Some 83% of German firms with foreign exposure complain of collapsing revenues
Economic Indicators6 hours ago (Jul 08, 2020 04:05AM ET) (C) Reuters. Outbreak of the coronavirus disease (COVID-19) in Frankfurt BERLIN (Reuters) – Around four-fifths of German firms with foreign exposure have experienced a collapse in revenues as a result of the coronavirus crisis, and 93% expect global economic conditions to…
Read More »Thailand expects to delay plans for ‘travel bubble’ on virus worries
Economy6 hours ago (Jul 08, 2020 04:05AM ET) (C) Reuters. FILE PHOTO: Empty chairs are seen on a beach which is usually full of tourists, amid fear of coronavirus in Phuket BANGKOK (Reuters) – Thailand expects to delay plans for so-called travel bubbles given a resurgence in coronavirus infections in…
Read More »UK to nominate ex-minister Liam Fox as WTO boss: Spectator
Economy6 hours ago (Jul 08, 2020 04:30AM ET) (C) Reuters. Liam Fox is seen outside Downing Street in London LONDON (Reuters) – Britain will nominate former cabinet minister Liam Fox to be the new chief of the World Trade Organization, a journalist for the Spectator political magazine said on Wednesday.…
Read More »Japan to leave out budget-balance mention in policy roadmap, draft shows
Economy5 hours ago (Jul 08, 2020 05:20AM ET) (C) Reuters. Passersby wearing protective face masks, following the outbreak of the coronavirus disease (COVID-19), walk on the crossing in Tokyo TOKYO (Reuters) – Japan’s government will leave out an explicit mention of its target to achieve a primary budget surplus by…
Read More »German exports to fall by 15% in 2020: DIHK
Economic Indicators5 hours ago (Jul 08, 2020 05:20AM ET) (C) Reuters. FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg BERLIN (Reuters) – German exports will drop by 15% this year and will only recover slightly in 2021, Germany’s DIHK chambers of commerce said…
Read More »New OECD data sheds light on multinationals profit-shifting to cut taxes
Economy5 hours ago (Jul 08, 2020 05:30AM ET) (C) Reuters. PARIS (Reuters) – New country-by-country data on big multinational companies’ tax reporting indicates they tend to book profits in low tax financial hubs rather than where they really do much of their business, the OECD said on Wednesday. The Organisation…
Read More »EU says is assessing City’s financial market access
Stock Markets2 hours ago (Jul 08, 2020 07:50AM ET) (C) Reuters. FILE PHOTO: The sun rises behind the Canary Wharf financial district in London By Huw Jones LONDON (Reuters) – Britain’s future access to the European Union financial market must take into account how far it will diverge from the…
Read More »Canada eyes longer-term debt as servicing costs fall on lower rates: source
Economic Indicators4 hours ago (Jul 08, 2020 06:25AM ET) (C) Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Ottawa By Steve Scherer OTTAWA (Reuters) – Canada is eyeing issuing longer-term debt to take advantage of low interest rates, and expects servicing costs to be lower this fiscal year…
Read More »German economy likely to grow again from October or November: minister
Economy4 hours ago (Jul 08, 2020 06:20AM ET) (C) Reuters. Germany’s Federal Economy Minister Peter Altmaier gives a news conference in Berlin BERLIN (Reuters) – Europe’s largest economy will likely start to grow again from October or November, German Economy Minister Peter Altmaier said on Wednesday. The German economy has…
Read More »Coronavirus ‘collateral damage’ hits U.S. rural power providers
2/2 (C) Reuters. Farmer Ron Mueller checks a piglet on his farm in Cropsey 2/2 By Nick Carey CROPSEY, Ill. (Reuters) – When the coronavirus pandemic left Ron Mueller without a market for the 3,200 piglets his hog breeding operation cranks out weekly and facing huge bills, his local electricity…
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Japanese Candlesticks Analysis: USD/CAD, AUD/USD, USD/CHF
USD/CAD As we can see in the H4 chart, USD/CAD is still rebounding from …
