Markets & Finance News

Speculators increased their net short dollar position in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position rose to $15.69 billion in the week ended June 16, compared with a net short of $9.51 billion the previous week. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar,

Speculators increased their net short dollar position in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

Aeromexico is analyzing its options for an orderly restructuring of short and medium term financial commitments, the Mexican airline said on Friday, adding that it had not decided whether to seek Chapter 11 protections in the United States.

Latin American stocks and currencies ticked up on Friday, with most currencies set for steep weekly losses as political ructions and fears of the coronavirus pushed money into safe havens. Brazil's real, which was up around 1.4% for the day, underperf

Fears of a second wave of coronavirus infections have increased demand for safe-haven assets, driving the U.S. dollar on Friday to its best weekly gain in a month.

* Apple temporarily closes store due to rising coronavirus cases

U.S. Treasury yields gave up earlier gains on Friday as the spread of the novel coronavirus in some U.S. states cast doubts on whether the economy will bounce back as quickly as hoped. Apple Inc said on Friday it is temporarily shutting some stores again in Florida, Arizona, South Carolina, and North Carolina. California, North Carolina and a string of U.S. citi

Mexican airline Aeromexico on Friday said it was analysing its options for an orderly restructuring of short and medium term financial commitments, but said it had not decided to seek Chapter 11 protections in the United States.

Peru's central bank slashed its economic outlook for the country on Friday, estimating annual contraction of 12.5% in 2020, which it said would be the copper-producing nation's worst decline in a century due to the impact of COVID-19.

The massive stock market rally in the midst of the coronavirus pandemic has been built largely on optimism and has overlooked potential negatives that could end up catching investors off guard, Howard Marks, co-founder of Oaktree Capital Management, said in a client note.