ECB Extends Remote Working to End of Year as Virus Picks Up

Stock Markets1 hour ago (Aug 03, 2020 08:54AM ET) (C) Bloomberg. The European Central Bank (ECB) headquarters stands near residential apartment blocks in Frankfurt, Germany, on Wednesday, April 29, 2020. The ECB’s response to the coronavirus has calmed markets while setting it on a path that could test its commitment to the mission to keep […]

Watch Now: Here’s What’s Moving Markets – August 3 (Video)

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Europe cushions workforce as U.S. lifeline runs threadbare

2/2 (C) Reuters. FILE PHOTO: Hundreds of people line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort 2/2 By Tom Sims and Norma Galeana FRANKFURT/LOS ANGELES (Reuters) – – While millions of U.S. workers thrown into unemployment by the coronavirus pandemic fret about feeding their families, idled […]

Top 5 Things to Know in the Market on Monday, August 3rd

(C) Reuters. By Peter Nurse Investing.com — TikTok has become the latest flashpoint between the Chinese and U.S. governments as Microsoft (NASDAQ:MSFT) circles, while Wall Street is set for a quiet start as the earnings season continues. Investors will be looking at Washington for more news about another relief package as the coronavirus enters a […]

UK proposes redemption breathing space for property funds

Stock Markets3 hours ago (Aug 03, 2020 06:20AM ET) (C) Reuters. LONDON (Reuters) – Investors in property funds should wait up to 180 days before they can get their money back, Britain’s Financial Conduct Authority proposed on Monday. Open-ended property funds offer daily redemptions to entice investors, but many remain suspended after market volatility in […]

Russia scraps plans to avoid double taxation with Cyprus: ministry

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Japan retailer Nojima bets on longevity as population shrinks

Economy5 hours ago (Aug 03, 2020 04:56AM ET) 2/2 (C) Reuters. 74-year-old store clerk Tadashi Sato works at the electronics retailer Nojima’s store in Fujisawa 2/2 By Kiyoshi Takenaka FUJISAWA, Japan (Reuters) – At Japanese electronics retailer Nojima’s (T:7419) sales outlet in Fujisawa, south of Tokyo, Tadashi Sato, 72, is defining a work culture that […]

Explainer: How the next WTO chief will be chosen and the task ahead

Economy5 hours ago (Aug 03, 2020 04:20AM ET) (C) Reuters. A sign is pictured in front of the chair of the Director General before the start of the General Council of the World Trade Organization (WTO) in Geneva GENEVA/BRUSSELS (Reuters) – Eight candidates from Mexico to Moldova are bidding to become the next director-general of […]

China opens anti-dumping probe on U.S. polyphenylene ether imports

Economy7 hours ago (Aug 03, 2020 02:45AM ET) (C) Reuters. Chinese and U.S. flags flutter in Shanghai BEIJING (Reuters) – China’s commerce ministry said on Monday it has started an anti-dumping probe into imports from the United States of polyphenylene ether, a polymer prized for its heat resistance and used in the automotive and electronics […]

South Korea’s factory activity shrinks for seventh month but recovery in sight – PMI

Economy7 hours ago (Aug 02, 2020 08:55PM ET) (C) Reuters. FILE PHOTO: A worker works at a plant of Hyundai Motor in Asan SEOUL (Reuters) – South Korea’s manufacturing activity shrank at a much slower pace in July, signalling that a gradual recovery in demand is gaining momentum on easing lockdowns, although the resurgence in […]