Journalism of Courage
WORLD MARKET NEWS - Page 10
Gasoline buying fever rages as pipeline company begins restartSubscriber Only
May 13, 2021 17:37 IST
Since the pipeline was shut down Friday, the uncertainty about supplies has prompted a growing frenzy among motorists determined to fill up.
Asia shares alarmed by US inflation scare, count on calm Fed
May 13, 2021 11:46 IST
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.9%, though trade was thinned by holidays in a number of countries.
‘Do you want Tesla to accept Doge?’ Elon Musk asks Twitter users
May 12, 2021 14:58 IST
The question, in the form of a Twitter poll, comes days after he called dogecoin a "hustle," sending the meme-inspired cryptocurrency's price reeling after a 700% rally in a month.
UN raises global economic forecast to 5.4% growth in 2021
May 12, 2021 13:48 IST
In raising its projection from January of 4.7% growth, the UN’s mid-2021 World Economic Situation and Prospects report pointed to the rapid vaccine rollout in a few large economies led by the US and China and an increase in global trade in merchandise and manufactured goods that has already reached its pre-pandemic level.
Duty-free giants hand out free flights to lure shoppersSubscriber Only
May 12, 2021 11:52 IST
Sales plunged as countries restricted international travel. Globally, only 1.8 billion people took scheduled flights last year compared with 4.5 billion in 2019, the International Civil Aviation Organization has said.
Dubai luxury home market soars as world’s rich flee pandemic
May 6, 2021 13:32 IST
As vaccines roll out unevenly worldwide and waves of infections force countries to extend restrictions, foreign buyers flush with cash have flooded Dubai's high-end property market, one of the few places in the world where they can dine, shop and do business in person.
Samsung windfall gives richest South Korean woman $7 billion fortuneSubscriber Only
May 4, 2021 11:32 IST
Hong Ra-hee, 75, inherited about 83 million shares in Samsung Electronics Co, making her the largest individual shareholder in the tech giant with a 2.3% stake, according to a filing last week.
Ethereum breaks past $3,000 to quadruple in value in 2021
May 3, 2021 14:48 IST
Ether, the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange to $3,144.81 in morning deals in London. It is up 325% for the year so far, easily outpacing a 95% rise in the more popular bitcoin.
US GDP increases at 6.4% in the first quarter
April 30, 2021 10:43 IST
The massive fiscal stimulus and easing anxiety over COVID-19, with all adult Americans now eligible for vaccination against the virus, have resulted in a faster economic rebound in the United States compared to its global rivals.
South Korean economy joins China in surpassing pre-pandemic peakSubscriber Only
April 27, 2021 15:09 IST
Gross domestic product grew 1.6% during January-March from the previous quarter, the Bank of Korea said Tuesday, easily beating economists’ consensus for a 1.1% expansion. That pushed GDP above the level at the end of 2019, before the coronavirus hammered activity.
Bitcoin breaches $50,000 threshold with technicals back in focusSubscriber Only
April 24, 2021 20:06 IST
This week’s roughly 20% rout marks the worst period for Bitcoin since it tumbled amid a wider slump in risk assets at the end of February.
Bitcoin plunges below $50,000 with market technicals in focusSubscriber Only
April 23, 2021 16:58 IST
This week’s more than 20% rout marks the worst period for Bitcoin since March 2020. Even digital currencies that have managed to eke out gains over the past few days, like Ether and the satirical Dogecoin, tumbled on Friday as the crypto space turned into a sea of red.
World’s biggest stock owner says banks displaced tech as drivers of returnsSubscriber Only
April 22, 2021 14:56 IST
Norges Bank Investment Management, which owns about 1.5% of global stocks, beat its benchmark index in the first quarter, and also outperformed the MSCI World Index.
Asian stock markets advance after new Wall Street high
April 14, 2021 11:43 IST
On Wall Street, the S&P 500 rose to 4,141.59. The Dow Jones Industrial Average fell 0.2% to 33,677.27. The Nasdaq, which has more technology stocks, gained 1.1% to 13,996.10.
Economic measures taken by countries during pandemic may have unintended consequences: IMF
April 7, 2021 16:09 IST
The global economy is beginning to emerge from the economic shock caused by the COVID 19 pandemic, Tobias Adrian, Director of the IMF's Monetary and Capital Markets Department, told reporters at a news conference here on Tuesday.
Bill Hwang built a $10 billion investment firm, it fell apart in daysSubscriber Only
April 5, 2021 12:31 IST
Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.
Bitcoin volatility decline paves way for banks, says JPMorganSubscriber Only
April 2, 2021 15:36 IST
Three-month realized volatility for the cryptocurrency has fallen to 86% after rising above 90% in February, they wrote.
Coinbase gets all-clear from SEC, setting stage for landmark crypto listing
April 2, 2021 12:35 IST
The decision from the US Securities and Exchange Commission (SEC) is another boost to the legitimacy of digital currencies, which are rapidly gaining acceptance from the mainstream financial services industry.
Global stocks rise after Fed tames inflation fears, projects US GDP surge
March 18, 2021 10:33 IST
Global market today: MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.99%, while stocks in China rose 0.46%. Australia's market bucked the trend and fell 0.3%.
Fed expects growth surge, inflation jump in 2021 but no rate hike
March 18, 2021 09:51 IST
Federal Reserve news today: Fed officials, in fact, expect economic growth to remain above trend for at least two years to come, at 3.3% in 2022 and 2.2% in 2023, compared to estimated long-term potential growth of just 1.8%.
Chinese tycoon Wang Jianlin who lost $32 billion tries to salvage an empireSubscriber Only
March 16, 2021 13:11 IST
Wanda’s Wang Jianlin, who once purchased Spanish soccer club Atletico Madrid as part of the binge-buying and aspired to compete with Walt Disney Co., is still shedding some of those assets. The latest came last week, when Wanda gave up control of AMC Entertainment Holdings Inc., with its stake now representing less than 10% of the world’s largest movie-theater chain.
Tesla surges almost 20%, biggest daily rise in a year
March 10, 2021 11:18 IST
Tesla's stock ended at $673.58 after its strongest daily rise since February 2020. The stock remains down more than 20% from its January record high.
Airbnb reports huge loss in first time out as public company
February 26, 2021 12:19 IST
In results released Thursday — Airbnb's first as a publicly traded entity — the company took a charge of $2.8 billion for stock compensation related to the IPO. A year earlier, Airbnb lost $352 million.
Elon Musk loses $15 billion in a day after Bitcoin warningSubscriber Only
February 23, 2021 12:54 IST
Musk drops to second on the Bloomberg Billionaires Index of the world’s 500 richest people with a net worth of $183.4 billion -- down from a peak of $210 billion in January. Amazon.com Inc. founder Jeff Bezos reclaimed the top spot even as his fortune fell by $3.7 billion to $186.3 billion Monday.
Global shares hit new peak, oil up on Middle East tensions
February 15, 2021 14:51 IST
World market: With China and Hong Kong markets closed for the Lunar New Year holiday, Japan's Nikkei led the way, climbing 1.9% to reclaim the 30,000-point level for the first time in more than three decades.
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