Author of daily news

Penelope Higareda
European stocks up as earnings boost investors mood

European stocks went up on Wednesday, boosted by positive earnings report from the British bank Barclays and luxury group Kering that prompted investors to overlook concerns about China’s regulatory crackdown that has kept markets on edge this week. The pan-European STOXX 600 inched up 0.4%, recovering from two sessions of declines. In the UK, Barclays…

Heathrow urges Britain to open up travel after sluggish recovery

London’s Heathrow Airport called for Britain to allow vaccinated passengers to travel after trailing behind Europe in recovering from the coronavirus pandemic with losses amounting to $4 billion. The airport that used to be Europe’s busiest saw less than four million travelers in the first six months of 2021, a record that can be surpassed in…

Japan posts slowest factory activity expansion in five months

A private sector survey on Monday showed Japan’s factory activity expanded at the slowest pace in five months in July, a development that threatens to stall the country’s economic recovery from the coronavirus pandemic.  The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) dropped to a seasonally adjusted 52.2 in July from a…

Asian stocks up but investors cautious, digest US data

Asia Pacific stocks went up on Friday morning but concluded the week with a watchful eye as investors continue to mull over the latest US economic data and earnings. South Korea’s KOSPI went up 0.22% by 9:56 PM ET (1:56 AM GMT) while Hong Kong’s Hang Seng Index dropped 0.65%. Going over to Australia, the…

U.S., China’s demand fuels Japan’s exports

Hopes were up for an economic recovery in Japan following a surge in exports in June fuelled by the United States’ demand for cars and China’s chip-making equipment needs. Japan saw a 48.6% export growth in June from a year earlier, the country’s double-digit gain for four straight months despite its problems with global chip…