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China’s Foreign Ministry announced on Monday, it will impose sanctions on the US entities involved in the arms sales to Taiwan. Lockheed Martin, Boeing and Raytheon will be sanctioned, the Ministry said. Developing Story…

The Australian dollar fell against the US dollar during the Asian session and was hovering near the lower end of the daily trading range, just above the 0.7100 mark. The pair saw some fresh sell-offs during the first day of the week and gave up the positive movement of the …

The People’s Bank of China (PBOC) has set the yuan reference rate at 6.6725 versus Friday’s fix at 6.6703.

The Japanese government is said to compile an extra budget worth around $95.5 billion to counter the economic damage induced by the coronavirus pandemic, a local newspaper, Mainichi, reported over the weekend. The government is likely to debate using the 10 trillion yen ($95.52 billion) budget to extend a labour …

AstraZeneca said it has resumed trials in the United States of an experimental on Covid-19 vaccine after US regulatory approval. On September 6, AstraZeneca suspended trials of its potential experimental coronavirus vaccine in the United States after a report that a participant in Britain’s trials had contracted a serious neurological …

The Nikkei benchmark rose in early trading on the Tokyo Stock Exchange on Monday, October 26th. The Nikkei rose 0.02% to 23,520.78 points, while the broader Topix index fell 0.13% to 1623.13 points.

The New York Stock Exchange (NYSE) showed a mixed performance on Friday, and its main indices finished the week in losses after posting three consecutive weekly rises. The Dow Jones Industrial Average declined by 28 points, or 0.1%, and closed at 28,335.57. The S&P 500 added 12 points, or 0.3%, …

Oil prices declined on Friday, on expectations of increased crude output from Libya and uncertainty about the impact from the second wave of the Coronavirus pandemic. Brent crude futures for December delivery closed lower by 69 cents, or 1.6%, at $41.77 per barrel. Meanwhile, the US West Texas Intermediate (WTI) …

Gold prices rose on Friday as the US Dollar (USD) declined across the board, however, the yellow metal recorded its second consecutive weekly losses. Gold futures for December delivery added 60 cents, or 0.03%, and settled at $1,905.20 per ounce. The precious metal most active futures recorded a weekly decline …

The British Pound (GBP) is declining against the US Dollar (USD) and the GBP/USD pair broke the 1.3050 support level. After hitting a fresh daily low of 1.3019, the pair has recovered some of its losses, trading at 1.3041, lower by 0.32% for the day. The pair hit a high …