Global stocks rise as US earnings season looms

World stock markets advanced Monday, helped by investor confidence in upcoming US quarterly earnings and the business outlook, and by hopes for progress towards a coronavirus vaccine, dealers said.Want to know more on Global stocks rise as US earnings season looms click here go to market news source. Market news summary from The Manila Standard Market News.Author:

Bursa remains at six-month high in early trade

Market breadth was negative with losers outpacing gainers 268 to 203, while 329 counters were unchanged, 1,154 untraded and 22 others suspended. — Picture by Azneal Ishak KUALA LUMPUR, July 14 — Bursa Malaysia remained at a six-month high in early trade today amid a mixed market breadth.An extended rise in glove Stock Market continued to anchor the FBM KLCI index but the uptrend was limited following losses...

Demand for air travel to shrink 49% for Indian carriers: IATA

Tribune News ServiceNew Delhi, July 13 Global airlines body International Air Transport Association (IATA) today said the passenger demand for air travel will contract by 49% for Indian carriers this year as compared to last year. The Indian aviation industry along with its allied sectors is set to see 30 lakh job losses in view of Covid-induced suspension of scheduled commercial flights. Revenue to contract by $11.61 billion...

Quick takes: Despite Singapore’s Q2 entry into recession, MAS may keep policy unchanged

SINGAPORE entered both full-blown and technical recession in the second quarter, according to advance estimates showing a 12.6 per cent year-on-year contraction in gross domestic product (GDP), and a 41.2 per cent quarter-on-quarter contraction. Want to know more on Quick takes: Despite Singapore's Q2 entry into recession, MAS may keep policy unchanged click here go to market news source. Market news summary from The Business Times News.Author: Janice...

Is the NextDC share price in the buy zone right now?

The NextDC Ltd (ASX: NXT) share price has risen strongly since the beginning of 2020, increasing from $6.58 to its current price of $11.03. That’s an increase of over 67%. An increased demand for cloud and data centre services during the coronavirus pandemic has helped to push the NextDC share price higher. The locally based data centre provider continues to rapidly expand its portfolio of Tier III and...

Vodafone Egypt deal delay beneficial: Expert

Author: Tue, 2020-07-14 02:25 RIYADH: The Saudi Telecom Company (STC) has said it will need two additional months to close an acquisition deal to buy a 55 percent stake in Vodafone Egypt. According to a logistics expert, Zael Aldayhani, the delay gives STC time to consider the variables that have arisen due to the COVID-19 pandemic and the changes brought on by the global health crisis. STC concluded a deal...

UPDATE 1-Singapore economy enters recession, Q2 GDP plunges record 41.2%

Singapore's economy slipped into recession in the second quarter, contracting by a record 41.2% from the previous three months and is facing its biggest slump ever this year as coronavirus lockdown steps hammer the trade-reliant city-state. Want to know more on UPDATE 1-Singapore economy enters recession, Q2 GDP plunges record 41.2% click here go to market news source. Market news summary from Reuters Market News. Author:
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