European stocks rose on Thursday as investors reacted to mounting tensions between the United States and China and a large amount of corporate earnings. The pan-European Stoxx 600 rose 0.5% in initial trade, with cars jumping 2.7% to lead profits, while profits lost 0.4%. Tensions between China and the United …
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Australia announced Thursday that its budget deficit is expected to widen significantly as it fights a coronavirus outbreak that ended the economy’s nearly three-decade streak of growth, one of the longest in any country in the world. The country’s budget deficit is forecast to widen significantly to A $ 85.8 …
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The pan-European Stoxx 600 rose 1.1% in early trading, with banks adding 3.4% to lead gains as all sectors and major exchanges traded in positive territory. EU heads of state had been in talks since Friday morning to discuss the proposed recovery fund and the upcoming EU budget, but there …
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European stocks fell on Monday after European Union leaders meeting over the weekend failed to agree on a multi-million dollar recovery fund for the region to help it recover from the coronavirus crisis. The pan-European Stoxx 600 fell 0.6% lower in initial trade, with travel and leisure stocks falling 2.3% …
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The economic consequences of the coronavirus pandemic are likely to worsen when authorities begin to reverse aid measures, and banks could experience “much more damage” to their balance sheets, said Piyush Gupta, executive director of the Singaporean bank DBS group. Speaking to Christine Tan, CNBC presenter “Managing Asia,” Gupta said …
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