Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing.
Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June. Brent crude fell 34 cents to $37.50 a barrel, in the first day of trading in the contract with August as the front month. West Texas Intermediate (WTI) crude futures for July delivery were at $35.17 a barrel, down 32 cents, by 0123 GMT. …read more […]
Delta said this month that it would have more pilots than needed as it reduces its network and fleet due to a drop in demand from the COVID-19 pandemic, but is working to avoid involuntary furloughs. Following the results on Sunday of a so-called “surplus” bid in which employees were asked to petition available positions at one of Delta’s seven U.S. pilot bases, the airline will be shifting around 7,000 pilots to different locations or aircraft types, while 2,327 have not been assigned to any category, Delta’s Master Executive Council (MEC) of the Air Line Pilots Association (ALPA) said …read more […]
Target Corp and Walmart said on Sunday they shuttered stores across the United States as retailers already reeling from closures because of the coronavirus pandemic shut outlets amid protests that included looting in many U.S. cities. Protests turned violent in places including New York and Chicago following the death in Minneapolis of a black man, George Floyd, seen on video gasping for breath as a white police officer knelt on his neck. In Los Angeles, protests led to the looting of the Alexander McQueen clothing store on Rodeo Drive, and a Gucci store on the vaunted strip …read more […]
Walmart stores suffer damage from the George Floyd protesting and looting in some cases. …read more […]
Delta Air Lines Inc and its pilots union said on Sunday they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying.
May.31 — The Chinese and Hong Kong governments are pushing back are pushing back against the United States after President Donald Trump said he would remove special trading privileges that the U.S. gives to Hong Kong. Beijing says Trump’s actions are doomed to fail and that Hong Kong says it’s not worried about losing the favorable trade rules. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Asia.” …read more […]
Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington’s power struggle with Beijing.
Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington’s power struggle with Beijing. Oil prices also slipped, while sovereign bonds picked up the usual safe-haven bid. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2%, as did Japan’s Nikkei . …read more […]
Posted by OFX AUD – Australian Dollar The Aussie dollar rose against the USD last trading session to open at 0.6669 gaining some traction after a speech by President Trump about China early Saturday morning. The US President has stated that the United States will move to sanction Chinese officials over what … Continue reading “AUD sees a rise following President Trump’s speech”The post AUD sees a rise following President Trump’s speech appeared first on . …read more […]
Oil prices fell due to concerns about riots in major U.S. cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June.
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