WTO to hold ministerial meeting in Geneva in late 2021: sources

© Reuters. World Trade Organization (WTO) in Geneva GENEVA (Reuters) – World Trade Organization members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021, delegates told Reuters. The biennial conference was originally set to be held in Kazakhstan last year but was delayed due to the pandemic. The […]

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EUR/GBP breaks to fresh high since late September on Brexit jitters

EUR/GBP trades to its highest levels since 23 September The pair is posting fresh highs in over two months as the pound slides on the session on the back of more Brexit angst and jitters in trading this week. Cable is posting fresh lows for the week, nearing 1.3200 and EUR/GBP is seen gaining towards […]

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Trump’s COVID orders too little, too late to help U.S. economy, experts say

© Reuters. U.S. President Trump holds a coronavirus disease (COVID-19) pandemic briefing at the White House By Jonnelle Marte (Reuters) – U.S. President Donald Trump’s weekend attempt to sidestep stalled congressional negotiations over the next coronavirus aid package will do little to boost the economy, experts said. Trump’s executive order and presidential memoranda, introduced on […]

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EU eyes cuts to green transition fund in late bid to strike recovery deal

© Reuters. FILE PHOTO: EU leaders summit in Brussels By Kate Abnett BRUSSELS (Reuters) – Cuts to climate funding were on the menu as European Union leaders sat down to negotiate over dinner, aiming to clinch a deal after four days of summit wrangling over a huge stimulus plan to help rebuild their coronavirus-hit economies. […]

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Major indices close lower after late day rally fizzles out

Another big move in the last hour of trading The major indices are closing lower on the day after the late day rally fizzled out. Starting the last hour of trading, the major indices were trading at: S&P index 2584.95, down -45.12 points or -1.72% NASDAQ index 7648.96, down -148.57 points or -1.91% Dow 22046.95, down -505.18 points or -2.24% The closing levels are lower […]

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