Economic news
Start
Trading
NOW

Economic news

Dollar eases amid U.S.-China tensions, coronavirus impact
27.07.2020

The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen and to a 22-month low of $1.1699 on the euro. The dollar index fell to its lowest…

Oil falls on rising coronavirus cases, U.S.-China conflict
27.07.2020

Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, at $41.22 per barrel. The decline in oil was also seen in other financial…

European stocks slump after UK’s quarantine move on Spain
27.07.2020

European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, travel and leisure shares plummeted by 3.2%, with the descent being led by UK-based airline…

Germany to implement tough audit regulations after the Wirecard scandal
27.07.2020

On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial services company, filed for insolvency on June after admitting that the 1.9 billion Euros that were supposedly held in trustee accounts…

Australia’s watchdog sues Google over data privacy issues
27.07.2020

On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal data for a targeted advertising program. ACCC said that Google did not seek consumers’ explicit consent. The company failed to…