Global stocks and euro surge ahead of U.S. jobs data
World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe’s stimulus boost, fuelling hopes for a global rebound.
China says forcing Chinese firms off U.S. exchanges will harm U.S.
China said on Friday that forcing Chinese firms to retreat from U.S. stock exchanges would severely harm U.S. interests.
Virtual certainty? Bankers ask if success of remote roadshows will last
Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange?
Exclusive: Unfazed by pandemic, Bank of Japan to keep economic recovery view – sources
The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.
Ocean shipping shrinks as pandemic pummels retailers
The $1 trillion container shipping industry is in a slowdown. Literally.
Oil rises as traders await OPEC+ meeting on extending supply cuts
Oil prices rose on Friday after OPEC decided to move up discussions on whether to extend record production cuts to Saturday, indicating that some laggard countries may have agreed to align themselves with the deal.
Asian stocks set for best weekly gain in nine years, U.S. jobs eyed
Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound.
Japan’s first-quarter GDP decline likely smaller than initial estimates on firmer capex: Reuters poll
Japan’s first quarter economic contraction was likely smaller than initially estimated, a Reuters poll showed, thanks to stronger business spending although the country is still expected to slide deeper into recession this year.
GM Cruise tries to poach Zoox engineers as company for sale
Self-driving technology company Cruise, a unit of General Motors Co’s , is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox engineers by the founder of Cruise this week.
Expecting a spike in bitcoin? Investors say it may take time
Investors expecting a sudden surge in bitcoin’s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.
