WASHINGTON (Reuters) – US consumer prices rose the most in nearly eight years in June when companies reopened, but the underlying trend suggested that inflation would remain silent and allow the Federal Reserve to continue to inject money into the economy. In crisis. FILE PHOTO: A merchant works inside his …
Read More »Global stocks pull back as coronavirus rises, tensions between China and the United States rise
LONDON / SINGAPORE (Reuters) – Global stocks fell on Tuesday, oil sank and a security offer supported the dollar as tensions between China and the United States and new coronavirus restrictions in California kept a check on optimism in investors with the earnings season underway. FILE PHOTO: A street cleaning …
Read More »Asian markets decline as virus and Sino-US tensions erupt
SINGAPORE / WASHINGTON (Reuters) – Asian stock markets fell on Tuesday, oil sank and a security offer supported the dollar as tensions between China and the US and new coronavirus restrictions in California maintained a control over investor optimism as the earnings season begins. FILE PHOTO: An SGX sign is …
Read More »US service sector recovers strongly in June
FILE PHOTO: An employee routinely sanitizes server trays at a reopened restaurant after restrictions to prevent the spread of coronavirus disease (COVID-19) are eased in Bloomfield Hills, Michigan, USA, 8 of June 2020. REUTERS / Emily Elconin / File Photo WASHINGTON (Reuters) – Activity in the US service industry rebounded …
Read More »Oil mixed in tighter supply, increase in US virus cases.
LONDON (Reuters) – Oil prices mixed on Monday, with Brent crude rising, backed by tighter supplies and positive economic data, while US benchmark WTI futures fell on concerns that a Increase in coronavirus cases could curb demand for fuel in the United States. FILE PHOTO: The sun sets behind a …
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