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Brent Approaches $60 Per Barrel As Supply Cuts, Stimulus Hopes Lift Prices
Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and…
Dollar Nurses Losses As U.S. Economic Doubts Undercut Rally
The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data caused some investors to…
Asian Shares, Oil Buoyant On Economic Revival Hopes
Asian shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9 trillion COVID-19…
Hyundai, Kia Say Apple Car Deal Now Off, See $8.5 Billion Wiped Off Market Value
South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars,…
U.S. Treasury Secretary Yellen: Too Soon To Say If Changes Needed To Address…
U.S. Treasury Secretary Janet Yellen said on Sunday that it is too soon to say whether new policies or regulations…
Stock Conversion Allows China’s Wanda To Sell AMC Shares Amid Retail Frenzy
China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to…
SoftBank Posts Third-Quarter Profit Gain As Vision Fund Rallies
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the three…
Cryptocurrency: Bureaux De Change Operators Back Central Bank Of Nigeria Ban
The Association of Bureaux De Change Operators of Nigeria (ABCON) has given its backing to the Central Bank of…
Flash Loans Are Providing Instant Cash To Crypto Speculators
Money for nothing. That’s what a fast growing array of financial products dubbed flash loans are promising the…
Britain Will Not Introduce COVID-19 Vaccine Passports
Britain will not introduce COVID-19 vaccine passports, but people will be able to seek proof from their doctor if…
U.S. States Ask FCC To Scrutinize Verizon’s Plan To Buy Tracfone
The attorneys general of 16 U.S. states and the District of Columbia on Friday urged the Federal Communications…
Police Seize $60 Million Of Bitcoin! Now, Where’s The Password?
German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster.…
U.S. To Revoke Terrorist Designation Of Yemen’s Houthis Due To Famine
The United States said on Friday it intends to revoke the terrorist designation for Yemen’s Houthi movement in…
Tight Borders After Vaccines Will Have Negative Economic Impacts, Bank Of England…
Ben Broadbent, the Bank of England’s deputy governor of monetary policy, told CNBC that tight borders following the…
Brent Oil Within Sight Of $60 On Expectations For Tight Supply
Oil rose toward $60 a barrel on expectations OPEC+ is committed to restraining global supplies even as the demand…
Pound’s ‘Risk-On Imposter’ Behavior Makes Any Rally Vulnerable
The pound is behaving like a “risk-on imposter,” making it vulnerable to a reversal in sentiment.
That’s the…
Africa’s Recovery From Covid-19 Will Be Slow
A second wave could play havoc with commerce, public finances and schools
At first glance, sub-Saharan Africa…
Euro Optimism Losing Mojo As Strategists Make A Bearish Turn
After surging this year to the highest since 2018 against the dollar, the euro is losing its luster and strategists…
EU Electric And Plug-In Hybrid Car Sales Jump To Over 1 Million In 2020
Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last…
Dollar Strengthens On U.S. Economic Outlook; Euro Dips Below $1.20
The dollar strengthened to two-month highs and the euro dropped below $1.20, as data pointed to an improvement in…
Which Central Banks Have The Biggest Footprint In FX?
With the dollar turning into a safe haven during the pandemic, risk appetite has become one of the most crucial…
German Watchdog Orders Goldman Sachs To Comply With Money Laundering Rules
Germany’s financial watchdog has ordered Goldman Sachs’ European arm to comply with rules to prevent money…
Oil Climbs To Highest In A Year On U.S. Growth Optimism, Crude Supply Restraint
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of…
U.S. Employment Growth Likely Rebounded; More Government Money Still Needed
U.S job growth likely rebounded in January as authorities began easing COVID-19 restrictions on businesses with the…
European Markets Inch Higher As Global Stocks Near Record High
European stocks were modestly higher Friday as investors look to vaccine rollouts for hopes of normalization, while…
Kuaishou Share Price Nearly Triples On Market Launch
Shares of the Chinese short-form video app Kuaishou surged more than 190% on the company's launch on Hong…
Mortgage Refinancing Suddenly Surges, But Homebuyers Stall Due To Sticker Shock
Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have…
Small-Stock Mania Calls For Big-Picture Thinking
The GameStop saga is high drama, but is it an invitation to regulation? Securities sheriffs will soon decide. Newly…
METALS-Industrial Metals Rise On Risk Appetite, Firm Dollar Weighs
Most industrial metals rose on Friday as appetite for riskier assets returned following a fading GameStop-style…
Subsiding Layoffs Raise Cautious Optimism For U.S. Labor Market
The number of Americans filing new applications for unemployment benefits decreased further last week, suggesting…