Asian Stocks On Hold For Lunar New Year, Bitcoin Eyes Record Highs
Asian shares hovered just below a record high on Friday as mixed U.S. economic data caused some investors to show…
Category: World
Britain’s coronavirus-ravaged economy shrank 9.9% in 2020, the biggest annual fall in output since modern records began, but it avoided heading back towards recession at the end of last year, official figures showed on Friday
Britain’s gross domestic product (GDP) grew 1.0% between October and December, the Office for National Statistics said, at the top…
Oil’s Losses Deepen As OPEC, IEA Caution Ends Rally
Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy…
Chief Financial Officer Hesitate To Invest In, Handle Bitcoin Due To Volatility
Chief financial officers are watching closely after Tesla Inc. this week disclosed a $1.5 billion investment in bitcoin and Twitter…
Rare 2p Coins Revealed – Pretty Penny
UR wallet is probably full of 2p pieces – but it might be worth checking your change as some of…
Iran Produces Uranium Metal In New Violation Of Nuclear Deal
Iran has started producing uranium metal, despite being warned by world powers that it constitutes another breach of the 2015…
US Airline Set To Buy Flying Electric Taxis For Airport Runs
United Airlines will team up with US regional carrier Mesa Airlines to buy Archer’s electric vertical take-off and landing (eVTOL)…
TikTok Sale To Walmart, Oracle Put On Ice By Biden Team: Report
TikTok’s forced sale to Walmart Inc. and Oracle Corp. has been shelved indefinitely as the Biden administration takes on a…
US Sells A Million Barrels Of Iranian Oil Seized Under Sanctions
The United States has sold more than a million barrels of Iranian fuel seized under its sanction programme last year,…
China-Backed Trade Deal Seen Helping Investors, Not Workers
A China-backed trade and investment deal representing about a third of the global economy is unlikely to bring immediate significant…
Just Six Feet Wide, ‘London’s Skinniest House’ Is For Sale For $1.3 Million
A house billed as “possibly the skinniest house in London” is up for sale for £950,000 ($1.3 million). Just six…
Dollar Steadies After Soft U.S. Inflation, Dovish Fed
The dollar fell during a quiet Asian session on Thursday, after softer-than-expected U.S. inflation data for January and a reiteration…
Global Equity Funds Secure Biggest Inflows In Two Years In Week Ended February 10
Global equity funds led inflows in the week to Feb. 10, bolstered by upbeat corporate earnings and the prospects of…
Commerzbank Posts $3.3 Billion Fourth-Quarter Loss Amid Major Restructuring
Germany’s Commerzbank said on Thursday its net loss deepened to $3.3 billion in the fourth quarter, as the lender undergoes…
Analysis: Merkel’s Vote Of Confidence In Deutsche Bank Belies Lender’s Problems
Angela Merkel will give a welcome speech at Deutsche Bank’s annual New Year reception on Thursday, marking a rare appearance…
With Oil Past Peak, Shell Vows To Eliminate Carbon By 2050
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was…
Philippine Cbank keeps key Rate At Record Low, As Expected
The Philippine central bank left key interest rates steady on Thursday, as expected, saying current monetary policy settings were appropriate…
Euro Zone Bond Yields Dip, Italy Turns Focus To Supply
Euro zone core bond yields inched lower in early Thursday trade as global markets focused on a dovish Federal Reserve…
Mastercard To Open Up Network To Select Cryptocurrencies
Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining…
Yellen Eyes Innovation To Battle Misuse Of Cryptocurrencies, Narrow Digital Gaps
U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of…
AstraZeneca Forecasts 2021 Growth After Fourth-Quarter Sales Beat
AstraZeneca on Thursday forecast 2021 revenue growth after the COVID-19 vaccine developer beat analysts’ estimates for fourth-quarter product sales, as…
Oil Rallies With U.S. Supply Drop Further Draining Global Glut
Oil extended its longest winning streak in two years in New York as a decline in U.S. crude inventories further…
Asian Businesses Suffer Lunar New Year Blues Over Travel Curbs
From a skyway operator in Australia to a tourist guide on Indonesia’s resort island of Bali and a lion dance…
Analysis: Investors Lukewarm On Tesla’s $1.5 Billion Bitcoin Splurge
Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk’s $1.5 billion outlay into bitcoin will be as…
Stocks Making The Biggest Moves In The Premarket: Under Armour, Twitter, Bunge & More
Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue…
European Markets Mixed As Traders Digest Earnings News; Maersk Down 7%
European stocks were mixed Wednesday as traders digested a slew of new corporate earnings. The pan-European Stoxx 600 hovered 0.2% above the…
GM Warns Chip Shortage Could Cut 2021 Earnings By Up To $2 Billion
General Motors on Wednesday reported fourth-quarter earnings that easily beat Wall Street expectations, but the company warned a global semiconductor chip…
Mizuho Predicts How Much Self-Driving Cars Should Add To Baidu’s Share Price
Shares of Chinese technology company Baidu are at an all-time high and could climb further, a managing director at an…
Europol: 10 Held For Alleged $100m Cryptocurrency Theft From Celebs, Others
Europol, the European police agency, said on Wednesday it had assisted in the arrest of 10 hackers suspected of stealing…
Oil Rally Extends For 9th Day On OPEC+ Cuts, Demand Hopes
Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer…