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UK Economy Shows Signs Of Stabilisation After New Lockdown Hit
Britain’s economy has stabilised after a new COVID-19 lockdown last month hit retailers, and business and consumers…
JPMorgan Says Two Factors Could Drive Up Oil Prices By Another $5 To $10 Per…
JPMorgan says crude prices could see further upside ahead as oil continues to see strong gains so far this year.…
Sterling Soars Close To 3-Year High Above $1.40
The British pound soared above $1.40 on Friday for the first time in almost three years, propelled by a vaccination…
Oil Extends Losses As Texas Prepares To Ramp Up Output
Oil prices fell from recent highs for a second day on Friday as Texas energy firms began to prepare for restarting…
Bitcoin Climbs Above $52,000 As Musk Backs Crypto Over Cash
Billionaire Elon Musk defended Tesla Inc.’s $1.5 billion Bitcoin investment on Twitter, calling the cryptocurrency…
Dollar Slips Further After Disappointing Jobs Data, Sterling Shines
The U.S. dollar slipped further on Friday and the euro rebounded after disappointing U.S. data dented optimism for…
Bitcoin Price Prints New High Above $52.5k, Will BTC/USD Reach $100k?
The Bitcoin price is steady at the time of writing on Feb 19. The world’s most valuable digital asset is now…
Chief Executive Of Japan’s Honda To Step Down, Hand Reins To R&D Chief
Japan’s second-biggest automaker by sales, Honda Motor Co, said on Friday its chief executive, Takahiro Hachigo,…
UK Court Blocks Release Of HSBC Papers In Huawei CFO Fraud Case
A British judge on Friday blocked the release of internal HSBC documents relating to U.S. fraud allegations against…
Traders Rush To Supply Fuel To The U.S. As Texas Freeze Bites
Massive refining outages in the U.S. state of Texas due to freezing weather has led to a flurry of fuel tanker…
Bitcoin Steams To New Record And Nears $1 Trillion Market Cap
Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion,…
Global Stocks Mostly Fall Amid Angst At Inflation Risk
Global stock markets mostly fell Wednesday, with investors worried about high-flying share prices and the potential…
European Shares Rise On Upbeat Hermes Earnings; Renault Slides
European shares edged higher on Friday as an upbeat earnings report from Hermes boosted confidence in a broader…
UK Retail Sales Slump In New Lockdown, Borrowing Less Than Expected
British retail sales tumbled in January as non-essential shops went back into lockdown, official data showed, but…
Renault Clings To Turnaround After Record $9.7 Billion Loss
Renault said on Friday that margins and sales had begun to recover in the second half of 2020 as it embarks on a…
Central Bank ‘Punch Bowl’ Still Brimming For Markets
Central bank support for pandemic-hit economies looks to endure well past the recovery in output, leaving investors…
Bears Maintain Dominance On NSE, Market Drops Further By N15Bn
The bears maintained leadership on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N15 billion…
Texas Clamps Down On Out-Of-State Gas Sales Amid Shortages
Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a…
Apple lobbies For India Incentives As It Plans IPad Assembly
Apple Inc is angling to participate in a new scheme to boost India’s exports of computer products, part of what…
Texas Energy Freeze Stretches To Sixth Day, Raises Mexico’s Ire
Texas’s freeze entered a sixth day on Thursday, as the largest energy-producing state in the United States grappled…
Credit Suisse Targets Lending Volume After Better-Than-Expected Fourth-Quarter…
Credit Suisse on Thursday said it plans to up lending volume and capitalise on a boom in share listings, to shore…
Barclays Resumes Dividend Payouts As Annual Profit Halves
Barclays has resumed shareholder payouts after a year-long hiatus due to the COVID-19 pandemic, setting…
Yuan Hits 2-1/2 Year High On China Inflows
(AFP) HONG KONG: Vaccine rollouts and economic recovery expectations drove the reflation trade further in Asia.…
Bitcoin Soars To New High Above $52,000; Sustainability Concerns Rise
Bitcoin surged to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000…
New York Attorney General Sues Amazon Over Covid Shortfalls
New York Attorney General Letitia James sued Amazon.com on Tuesday over its handling of worker safety issues around…
US Sells $200m In Weapons To Egypt Despite Human Rights Abuses
The United States approved an arms sale worth nearly $200m to Egypt but vowed to press human rights issues after an…
U.S. Producer Prices Post Biggest Gain Since 2009
U.S. producer prices increased by the most since 2009 in January as the cost of goods and services surged,…
Walmart Investors Eye Push Into Advertising, Healthcare Following Pandemic Boom
Walmart Inc’s investors and analysts are likely to look past the retail giant’s slowest same-store sales growth…
G10 FX Short-Term Valuation: Most Currencies Have Further To Run Vs USD
Based on our short-term fair value model, EUR, JPY, NZD and AUD are all undervalued vs USD by more than 1%. Among…
Wealthy, Efficient Dutch Play Catch-Up In Vaccine Roll-Out
Despite its wealth and reputation for efficiency, the Netherlands trails in the European Union vaccination…