Economic News
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Asian shares seen lower on coronavirus, election uncertainty
(Reuters) - Asian markets looked set for another weaker open on Wednesday as worries about a surge in coronavirus cases and dwindling hopes for a U.S. stimulus package kept investors gloomy.
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U.S. outlook dims; economists say Democratic sweep best for revival: Reuters poll
BENGALURU (Reuters) - The outlook for the U.S. economy has dimmed in the run-up to the presidential election, according to a Reuters poll which showed that a recent resurgence in novel coronavirus cases ran a high risk of halting the economic recovery.
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Consumer confidence falls in U.S. swing states ahead of presidential election
WASHINGTON (Reuters) - Consumer confidence dropped sharply in October in three U.S. states considered crucial for Republican President Donald Trump's re-election as fears about the economy's outlook mounted, according to a survey on Tuesday.
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Trump lifts tariffs on Canadian aluminum, warns he may resume them
WASHINGTON (Reuters) - U.S. President Donald Trump issued a proclamation on Tuesday formally removing tariffs on raw aluminum imports from Canada but threatening to reinstate them if there was a surge in imports of the metal across the northern U.S. border.
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Two largest U.S. airline flight attendant unions endorse Biden
CHICAGO/WASHINGTON (Reuters) - The two largest U.S. flight attendant unions, representing more than 75,000 workers, endorsed Democratic candidate Joe Biden on Tuesday ahead of the U.S. presidential election next week.
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Bank loans scrutinized for harm to wildlife as well as climate
LONDON (Reuters) - Campaigners called on Wednesday for global banks to stop financing industrial activities driving animal and plant species toward extinction, after a report ranked 50 lenders involved in sectors that pose the greatest threat to wildlife.
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Oil falls on oversupply fears after build in U.S. crude stocks
TOKYO (Reuters) - Oil prices slid more than 1 percent on Wednesday, paring the previous day's gains, as a jump in U.S. crude inventories and surging COVID-19 cases raised fears of an oversupply of oil and weak fuel demand.
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Euro under pressure on lockdown fears ahead of Macron address
TOKYO (Reuters) - The euro fell against the dollar on Wednesday following a media report that France's government was leaning toward reinstating a national lockdown to curb a resurgence in coronavirus cases.
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Greenlight's Einhorn says tech stocks in bubble, hit top in September
BOSTON (Reuters) - Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.
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Turkey lira tumble evokes echoes of 2018 meltdown
LONDON (Reuters) - The Turkish lira's rapid decline in recent days has rung echoes of tumbles past such as the 2018 meltdown which pushed the country into an economic crisis and sent ripples through other emerging markets.
