TOKYO (Reuters) – Japanese firms cut spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, as the coronavirus pandemic delivered a heavy blow to business activity. The negative reading comes after the government called a state of emergency early in the second quarter in […]

BUENOS AIRES (Reuters) – Argentina’s debt restructuring deal received “massive” backing from creditors, Economy Minister Martin Guzman said on Monday, which would allow the country to revamp 99% of the total eligible bonds and gain breathing room during a swirling economic crisis. Bondholders tendered 93.55% of the bonds in the restructuring, Guzman said at a […]

(Reuters) – With a new policy framework in place, the Federal Reserve will turn to discussion of its next steps in the fight against the economic fallout of the coronavirus pandemic, and if and when to roll out additional support. Fed Vice Chair Richard Clarida said on Monday that following release of the Fed’s new […]

LONDON (Reuters) – Stocks hovered near record highs on Monday and were set for five straight months of gains as investors bet on central banks keeping the stimulus taps open for years to come as the world tries to overcome the coronavirus crisis. Aided by an upbeat reading on China’s service sector, MSCI’s broadest index […]

NEW YORK (Reuters) – As U.S. stocks hit record highs, some investors are betting the market’s future gains will be increasingly driven by some of its lesser-loved companies. Value stocks – shares of economically sensitive companies trading at multiples that are usually below those found on growth names – have been among the laggards in […]

1/ THE END OF THREE ARROWS Shinzo Abe, Japan’s longest serving premier and author of the signature shock-and-awe “Abenomics” stimulus strategy, has resigned for health reasons. Sweeping to power in late 2012, Abe deployed his three arrows of Abenomics – large-scale monetary easing, fiscal spending and structural reforms – to reignite the world’s third biggest […]

NEW YORK (Reuters) – The S&P 500 and the Dow advanced on Thursday as investors digested the U.S. Federal Reserve’s new strategy to adopt an average inflation target and restore the United States to full employment, as well as a promising development in the fight against COVID-19. The Fed’s new strategy sent Treasury yields higher, […]

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits hovered around 1 million last week, suggesting the labor market recovery was stalling as the COVID-19 pandemic drags on and financial aid from the government dries up. The government also confirmed on Thursday that the economy suffered its sharpest contraction in at […]

(Reuters) – Under Armour Inc and actor Dwayne “The Rock” Johnson on Thursday postponed the launch of a new sneaker collaboration following the shooting of a Black man in Wisconsin. The sportswear maker’s move comes after several professional athletes refused to play games on Wednesday to protest racial injustice, hitting the National Basketball Association, Major […]

(Reuters) – U.S. stock index futures dipped on Thursday as tensions between Washington and Beijing dampened the mood ahead of an address by Federal Reserve Chair Jerome Powell, in which he is expected to take a softer stance on inflation to support a fragile economy. Powell is likely to make a case for low interest […]