Traders work on the floor of the New York Stock Exchange on Thursday. Associated Press
Share markets and the dollar whipsawed while bonds gained on Wednesday as results from the US presidential election proved far closer than polls had predicted, potentially leaving the outcome in doubt for days or even weeks.
Global stocks held near a record high on Friday while bets that a divided US Congress would hinder government borrowing and potentially pave the way for even more Federal Reserve stimulus kept the dollar and US bonds sluggish.
Democrats won’t pick their nominee for another year, but President Donald Trump and former Vice President Joe Biden are acting like the 2020 presidential contest is already a two-man race.
Democratic presidential hopefuls took rival Joe Biden’s absence at a California state party gathering on Saturday as a chance to take subtle digs at the former vice president and craft themselves as better positioned to bring Democrats into the future.
The number of Americans filing new claims for unemployment benefits fell below 500,000 last week for the first since the COVID-19 pandemic started more than a year ago, signaling the labor market recovery
Shares rose to near record highs on Thursday, underpinned by a better outlook from Europe’s leading carmaker Volkswagen and increasing confidence in economic recovery in Germany and more widely.
Pakistan Business Council in Dubai, a business policy advocacy platform with 600 business members, has thanked the UAE for its support to the Pakistani business community and vowed to bolster trade between the two countries.
Masdar and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG).