WASHINGTON (Reuters) – The coronavirus pandemic has caused more extensive and profound damage to economic activity than previously thought, the International Monetary Fund said Wednesday, prompting the institution to further cut its global output forecasts by 2020. The IMF said it now expects 2020 global output to shrink by 4.9%, …
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US stocks fell earlier Wednesday, after a second consecutive record close for the Nasdaq Compound, as investors worried about rising coronavirus cases in many states and trade tensions between the United States and Europe. How are the benchmarks working? The Dow Jones Industrial Average DJIA, -1.37% it dropped 222 points, …
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MUNICH / MANILA (Reuters) – The Philippines is investigating Wirecard’s $ 2.1 billion accounting scandal, which said former chief operating officer of German payments firm Jan Marsalek could be in the country. FILE PHOTO: Markus Braun, CEO of Wirecard AG, an independent provider of white label outsourcing solutions for electronic …
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The Nasdaq COMP, heavy on technology, + 0.74% continues to set new records, and gold is GC00, + 0.54% on a streak, closing at its highest level since 2012. That’s not the typical correlation, but these are not typical times. Chris Weston, head of research at Australian broker Pepperstone, says …
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LONDON (Reuters) – Gold prices rose to their highest level in nearly eight years on Wednesday, as global stocks cooled as signs of a rally in coronavirus cases kept investors on edge. FILE PHOTO: Gold bars and granules are displayed at the Austrian Oegussa silver-gold separation plant in Vienna on …
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