A woman runs past a closed off Merlion Park on June 12, 2020 in Singapore. Suhaimi Abdullah | Getty Images Singapore’s economy shrank by 42.9% in the second quarter of 2020 compared to the previous quarter – sending the Southeast Asian country into a technical recession, the Ministry of Trade …
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US debt prices were lower on Monday morning as investors monitored the state of US stimulus talks and the recent decline in relations between Washington and Beijing. At around 2:50 AM ET, the yield on the benchmark 10-year Treasury note was higher at 0.5673% and the yield on the 30-year …
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A woman with a protective mask in Hong Kong. Anthony Kwan l Getty Images Several economists have lowered their economic forecasts for Hong Kong as the semi-autonomous Chinese territory experiences an increase in coronavirus cases. The increase in the number forced the authorities to impose stricter measures of social distancing …
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Gold prices could rise beyond the $ 2,000 level this year, as economic and geopolitical uncertainties lead to a race for safer assets, analysts predicted. On Monday morning during Asian hours, spot gold jumped to record levels, trading at $ 1,931.11 per ounce after previously rising to $ 1,943.92 per …
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Most Asian markets traded higher on Monday morning as investors continue to watch developments on issues like the coronavirus pandemic. Shares in Taiwan led gains among the region’s major markets, as Taiex soared 2.69%, and Taiwan Semiconductor Manufacturing Company shares rose nearly 10%. South Korea’s Kospi also saw robust gains …
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