[ad_1] SEOUL (Reuters) – Oil prices retreated on Wednesday, weighed down by an increase in U.S. crude inventories and worries about a potential second wave of the coronavirus pandemic. FILE PHOTO: Pump jacks operate at
Asian stocks set to rise as drug trials, data push Wall Street higher
[ad_1] WASHINGTON (Reuters) – Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big
Wall Street closes higher on signs of economic recovery
[ad_1] NEW YORK (Reuters) – Wall Street advanced on Tuesday as the prospect of additional stimulus and a record jump in retail sales suggested the U.S. economy could bounce back sooner than expected, five months
U.S. bank profits plunge 70% on coronavirus loss provisioning
[ad_1] WASHINGTON (Reuters) – U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according
WTO says Saudi broke global rules in Qatar broadcast dispute
[ad_1] GENEVA/BRUSSELS (Reuters) – A World Trade Organization (WTO) panel told Saudi Arabia on Tuesday it had breached global rules on intellectual property rights by failing to prosecute a pirate broadcaster of sports and movies
Stocks, dollar gain on U.S. retail sales, drug trial
[ad_1] NEW YORK/LONDON (Reuters) – A record rebound in U.S. retail sales, fresh support from the Federal Reserve and Bank of Japan, and upbeat trial results for a COVID-19 treatment boosted risk appetite on Tuesday,
Steroid drug hailed as ‘breakthrough’ for seriously ill COVID-19 patients
[ad_1] LONDON (Reuters) – A cheap and widely-used steroid called dexamethasone has become the first drug shown to be able to save the lives of COVID-19 patients in what scientists said is a “major breakthrough”
U.S. economy starts long recovery as retail sales post record jump
[ad_1] WASHINGTON (Reuters) – U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession triggered by the COVID-19
Gold gains as fresh China virus fears offset strong U.S. data
[ad_1] (Reuters) – Gold edged up in seesaw trade on Tuesday as concerns over a fresh coronavirus outbreak in China countered pressure from a surge in Wall Street driven by a record rise in U.S.
Wall Street jumps as May retail sales boost hopes of swift recovery
[ad_1] (Reuters) – U.S. stocks advanced on Tuesday after a record surge in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates