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Bond Scares Spook World Shares, Investors Look To Powell
Resurgent worries about rising U.S. bond yields hit global shares on Thursday as investors waited to see if Federal…
Germany’s Merck KGaA Predicts Earnings Gain In 2021
Germany’s Merck KGaA predicted further earnings gains in 2021 as an effort by the pharma industry to ready…
Bank Of Japan Shares Hit Upper Limit For Fourth Session, Nearly Doubling This Week
Shares in the Bank of Japan, one of only a handful of central banks that are publicly listed, hit their upper limit…
Britain Launches New Pandemic Loan Support Scheme
Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by…
Oil Extends Gains On Prospect Of OPEC+ Sticking With Supply Cuts
Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide…
Texas Power Grid Operator ERCOT Fires CEO After Deadly Blackouts
Texas’ power grid operator ousted chief executive Bill Magness on Wednesday, as the fallout continues from a deadly…
UK New Car Sales Slump In February Amid COVID-19 Hit
British new car registrations fell by roughly 36% year-on-year in February, according to preliminary data from an…
Volkswagen CEO Tweets, Musk-Style, On Market-Cap Milestone
When the market value of Germany’s Volkswagen rose above the 100-billion-euro mark on Wednesday for the first time…
S&P 500, Nasdaq Fall As High-Flying Tech Stocks Slide
Wall Street’s major indexes dropped on Wednesday, weighed down by technology stocks as investors unwound positions…
U.S. Energy Secretary Readies $40 Billion In Loans To Boost Clean Energy
U.S. Energy Secretary Jennifer Granholm said on Wednesday she is ready to use $40 billion in her department’s loan…
General Motors Extends Vehicle Production Cuts Due To Semiconductor Chip Shortage
General Motors Co said on Wednesday it was further extending production cuts at three North American plants and…
GlobalFoundries Pours $1.4 Billion Into Fab Expansion Amid Chip Demand Boom
GlobalFoundries will invest $1.4 billion this year to raise output at three factories in the United States,…
Samsung Considers Four Sites In U.S. For $17 Billion Chip Plant: Documents
Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin,…
Las Vegas Sands To Sell Properties For About $6.25 Billion
Casino operator Las Vegas Sands Corp said on Wednesday it would sell its Las Vegas real estate property and…
World Bank Readies COVID-19 Vaccine Funds For Around 30 African Countries
The World Bank is preparing emergency financing to help about 30 African countries access COVID-19 vaccines, the…
Sterling Eases To 2-1/2 Week Low Against Dollar
Sterling eased to its lowest level against the dollar in two and a half weeks on Tuesday, as the strengthening U.S.…
Dollar On Defensive As Risk Sentiment Recovers Amid Retreat In U.S. Yields; Aussie…
The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields retreated further, restoring…
Pandemic-Era Investment Rules Pose Hurdles For Sovereign Funds, Report Says
Sovereign wealth funds will have to navigate growing regulatory scrutiny across some of their favoured areas for…
Asian Stocks Perk Up On Economic Cheer As Treasuries Stabilise
Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too…
Explosion Hits Dutch COVID-19 Testing Centre, No Injuries: Police
An explosion hit a coronavirus testing centre in a town north of Amsterdam shortly before it was to open on…
Boeing Cites Risks In Design Of Newest Airbus Jet
Boeing Co has raised concerns over the design of arch-rival Airbus’ newest narrow-body jet, the A321XLR, saying a…
Google, Researchers Launch Data Platform To Tackle COVID-19
Google.org has joined hands with a consortium of COVID-19 researchers to launch Global.health, an open-access…
Twitter Vows To Boost User Ranks And Revenue
Twitter said Thursday it wants to swell its ranks of users, offer more features, and double revenue in the next two…
World Bank Withdraws Funding For Fossil Fuel Projects
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has disclosed that the…
Managing Risk Associated With Capital Market Investment
The capital market is, generally, regarded as a safe haven for investment. There, your money works for you. The…
Oil Price Rebounds To $66 Ahead Of OPEC Meeting
Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum…
2m Urban Youths To Benefit From USAID $15m Project
The U.S. Agency for International Development (USAID) has launched a new activity designed to empower as many as…
Abercrombie & Fitch Profit Beats On Lower Costs, Higher Holiday Pricing
Abercrombie & Fitch Co reported a better-than-expected quarterly profit on Tuesday and said it would resume…
Brazil Monthly Producer Price Inflation 3.36% In January, Second Highest Since…
The monthly rate of producer price inflation in Brazil kicked off this year at its second highest since comparable…
Hertz Set To Ride Out Of Bankruptcy With $4.2 Billion From Investment Firms
Two investment firms will buy a majority stake in Hertz Global Holdings Inc for $4.2 billion under a restructuring…