Shell, Mitsubishi Unit Eneco To Supply Wind Power To Amazon’s European Facilities
Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity…
Category: World
Tweets From Elon Musk And Celebrities Send Dogecoin To A Record High
Dogecoin is surging after billionaire Elon Musk and a number of celebrities appeared to back the cryptocurrency on Twitter. The meme-inspired token rallied…
European Markets Higher, Tracking Positive Global Sentiment; Dialog Surges 17%
European stocks were higher Monday with markets tracking positive sentiment in Asia and the U.S. TICKER COMPANY NAME PRICE CHANGE…
Hedge Funds Bet On Oil’s ‘Big Comeback’ After Pandemic Hobbles Producers
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’…
Dollar Nurses Losses As Traders Await More Data To Determine Direction
The dollar nursed losses against most currencies in subdued trade on Monday as disappointing U.S. jobs data caused some investors…
Asia-Pacific Stocks Mostly Rise; China Announces New Anti-Monopoly Rules Aimed At Tech Giants
Stocks in Asia-Pacific were mostly higher on Monday, as investors monitored shares of China’s tech giants following the release of new…
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 scale back…
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…
U.S. Treasury Secretary Yellen: Too Soon To Say If Changes Needed To Address Market Volatility
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 permit sales of its…
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…
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 Nigeria’s…
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 crypto faithful.…
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 needed…
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 Commission (FCC)…
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. There’s only one…
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 response to…
Tight Borders After Vaccines Will Have Negative Economic Impacts, Bank Of England Says
Ben Broadbent, the Bank of England’s deputy governor of monetary policy, told CNBC that tight borders following the rollout of…
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 outlook…
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 view of…
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 appears to have…
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 year,…
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 the…
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 laundering and terrorist financing,…
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…
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 ebbing pace of…