SYDNEY (Reuters) - Asian shares inched higher on Monday ahead of a busy week for earnings and central bank meetings, with much chatter the Bank of Japan (BOJ) will announce more stimulus steps.
ECONOMYNEXT – Sri Lanka’s rubber sector has got a bounce from Coronavirus with glove output sold out, the the demand for solid tyres in construction and logistics sectors abroad would drive the rest of the demand, an official said.
Anticipating a depressed market in the post-Covid days, the natural rubber sector has sought supportive measures like credit line for working capital, a moratorium on existing loans, and safeguard duties to curb imports so as to protect the interest of domestic growers.
WASHINGTON (Reuters) - Asia equities face a bumpy session on Friday after Wall Street pared early gains as optimism over a rebound in oil prices and prospects for further government stimulus were offset by stark economic data showing the toll of the coronavirus pandemic.
SINGAPORE (Reuters) - The dollar was headed for its best week since early April on Friday, as tumbling oil prices weighed on commodity currencies and division over Europe’s emergency fund dragged on the euro.
TOKYO (Reuters) - Oil prices rose on Friday, gaining further ground as some producers like Kuwait said they would move to cut output swiftly to try to counter the evaporation in global demand for fuels caused by the coronavirus pandemic.
