Aug 7 Easing uncertainty will likely drive U.S.
stocks higher after the Nov. 3 presidential election, regardless
of whether Democratic candidate Joe Biden or Republican
President Donald Trump wins, Scott Minerd of Guggenheim
Betting markets favor Democratic presidential candidate Joe Biden over Republican President Donald Trump in November's U.S. election, though the odds between them have narrowed during the last week, two betting market aggregators said.
Aug 7 Betting markets favor Democratic
presidential candidate Joe Biden over Republican President
Donald Trump in November's U.S. election, though the odds
between them have narrowed during the last week, two betting
market aggregators said.
The United States should take a more targeted approach with its new pandemic aid so it can save ammunition in case of a future economic slowdown or a second wave of infections, former Reserve Bank of India Governor Raghuram Rajan said on Thursday.
MUMBAI India's policymakers should focus on protecting the economy as businesses struggle amid the coronavirus pandemic instead of being overly focused on what ratings agencies think, former Reserve Bank of India governor Raghuram Rajan said on Thursday.
MUMBAI, Aug 6 Former Reserve Bank of India
governor Raghuram Rajan said on Thursday that overly focusing on
what sovereign rating agencies think can take one's eyes off
what needs to be done for the economy.
Aug 5 The U.S. coronavirus relief bill currently
under debate is likely to come in at about $1.5 trillion and
will be aimed at sustaining current levels of economic activity
rather than boosting them, TS Lombard Chief U.S. Economist
Steven Blitz said.
U.S. equities will not revisit the lows hit in March 2020, but the next big correction in stock markets could be triggered by corporate defaults, Mohamed El-Erian, chief economic adviser at Allianz SE , said on Tuesday.
Australian biotechnology company Vaxine Pty Ltd expects to start Phase II trials of its potential COVID-19 vaccine in the next few weeks after "positive" results from the first stage human study, chairman Nikolai Petrovsky said on Wednesday.
There is little chance the U.S. Federal Reserve will take interest rates into negative territory even as financial markets have begun pricing in such a move for the first time, fund managers and economists said on the Reuters Global Markets Forum.