Business

Gold rose on Tuesday as the dollar slipped and ambiguity regarding the declaration of U.S. presidential results prompted investors to seek the refuge of the safehaven metal.

Europe is facing a "marked" economic decline this quarter but fresh stimulus measures from the European Central Bank need to reflect how markets have changed since the spring, ECB board member Isabel Schnabel told German newspaper Handelsblatt.

On Tuesday night, James McDonald plans to sit among 19 computer screens in his Los Angeles office, waiting for the right moment to pounce on what he hopes will be one of his most profitable trades of the year.

The battered dollar’s longterm fortunes are unlikely to improve regardless of who wins Tuesday’s U.S. presidential election, investors and analysts said.

Hong Kong's retail sales fell by double digits in September as coronavirus restrictions slammed the brakes on spending and tourism slowed to a trickle, but the decline was smaller than in August as infections slowed..

Last month, it was reported that the government is likely to announce another round of stimulus measures for industries hit by the Covid-19 pandemic ahead of Diwali.

Asian shares were mostly higher on Monday buoyed by further signs of recovery in China's manufacturing sector.

The euro zone economy rebounded much more than expected in the third quarter from its coronavirusinduced slump, but the recovery is likely to be cut short as countries reintroduce restrictions to stem a second wave of the pandemic.

Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID19 impact on energy demand and prices.

Apple Inc on Thursday reported revenue and profits that beat Wall Street expectations, but iPhone sales that were even weaker than analysts had braced for sent shares down 4.6% despite booming Mac and AirPods sales.

Federal agencies warned that cybercriminals are unleashing a wave of datascrambling extortion attempts against the U.S. health care system designed to lock up hospital information systems, which could hurt patient care just as nationwide cases of COVID19...

The pace of consolidation in the semiconductor industry continues to accelerate with Marvell Technology saying Thursday that it will pay $10.63 billion for Inphi in a cashandstock deal.

China's major stateowned banks have been swapping U.S. dollars for yuan this week, traders said on Thursday, suggesting monetary authorities are trying to rein in the sharply appreciating currency.

JPMorgan Chase & Co has made a strategic investment in Icon Solutions, a UKbased company that advises and provides technology to banks to help them overhaul their digital payments systems, the companies said on Thursday.

Standard Chartered said thirdquarter profit slid 40% on higher credit impairment resulting from the coronavirus pandemic and lower interest rates, although a tighter rein on costs helped it beat expectations.

Oil prices fell over 4% on Wednesday as surging coronavirus infections in the United States and Europe are leading to renewed lockdowns, fanning fears that the unsteady economic recovery will deteriorate.