Journalism of Courage
WORLD MARKET NEWS - Page 7
Joe Biden announces release of 30 million barrels of oil to maintain global oil prices
March 2, 2022 12:00 IST
In his maiden State of the Union Address on Tuesday, Biden said his administration was taking “robust action” to make sure the pain of the US sanctions is targeted at Russia's economy.
Russia hikes rates to highest since 2003, adds capital controlsSubscriber Only
February 28, 2022 13:58 IST
The interest rate will increase from 9.5% to 20%, the central bank said in a statement before ruble trading was due to open at 10 a.m. local time. It also temporarily banned brokers from selling securities held by foreigners starting Monday on the Moscow Exchange, without specifying which securities the ban applies to.
Stocks slide, Brent hits $100 on Russian incursion: Markets WrapSubscriber Only
February 24, 2022 10:21 IST
Crude surged on possible risks to Russian energy exports, with Brent touching $100 a barrel. The flight to safer investments saw the U.S. 10-year Treasury yield fall to 1.90%. Gold hit the highest since early 2021. The dollar and yen jumped, while the euro and the ruble retreated.
Saudi Aramco sees good signs oil demand’s rising as shares hit recordSubscriber Only
February 21, 2022 14:48 IST
Crude prices have surged around 20% this year to more than $90 a barrel with consumption increasing and many major producers struggling to boost supply. Several traders believe prices will soon hit $100.
Rapid inflation stokes unease from Wall Street to WashingtonSubscriber Only
February 11, 2022 12:46 IST
Markets tumbled after the government released Consumer Price Index data for January, which showed prices jumping 7.5% over the year and 0.6% over the past month, exceeding forecasts.
Google’s parent Alphabet seeks more investors in 20-for-1 stock splitSubscriber Only
February 3, 2022 10:12 IST
The new class of retail investors often weigh affordability and brand recognition when deciding which stocks to buy. Alphabet has been at a disadvantage, as its stock is expensive and uses the name of a holding company, rather than the globally recognized brand, Google.
Wall Street’s swings continue as investors agonise over Fed’s next moveSubscriber Only
January 26, 2022 11:22 IST
Investors are focused on the Fed’s next move as it focuses on slowing inflation by pulling back on its support for the economy. The central bank has said it will soon stop buying government bonds, and investors expect it to start raising interest rates in March.
Bitcoin tumbles below $40,000 to lowest level in five monthsSubscriber Only
January 21, 2022 16:32 IST
The largest cryptocurrency dropped as much as 7.4% to $38,261, while second-ranked Ether slid below $3,000.
Bitcoin hits lowest since September in drop of 40% from recordSubscriber Only
January 7, 2022 19:05 IST
The retreat comes after minutes from the Federal Reserve’s December meeting, published Wednesday, flagged the chance of earlier- and faster-than-expected rate hikes as well as potential balance-sheet rundown.
Asian stocks follow Wall Street lower after Fed rates signal
January 6, 2022 10:25 IST
Notes released Thursday from the Fed meeting last month showed policymakers believe the U.S. job market is nearly healthy enough that ultra-low interest rates are no longer needed. Traders took that as a sign the Fed might be more aggressive about rolling back stimulus that is boosting stock prices.
Shopping on social media seen hitting $1.2 trillion by 2025Subscriber Only
January 4, 2022 12:01 IST
The most popular products sold via social networks include clothing, consumer electronics and home decor. Beauty and personal care is also seeing growth, with online influencers playing a significant role.
Why the Fed feels now is time to tighten credit more quickly
December 16, 2021 09:58 IST
The central bank said it will reduce its monthly bond purchases — which are intended to lower long-term rates — at twice the pace it had previously set and will likely end the purchases in March. That accelerated timetable puts the Fed on a path to start raising rates as early as the first half of next year.
Investors snap up metaverse real estate in a virtual land boomSubscriber Only
December 1, 2021 17:32 IST
Interest in this digital universe skyrocketed in October when Mark Zuckerberg announced Facebook would be known as Meta, an effort to capitalize on the digital frontier.
Stocks drop, bonds jump on fears over virus strain: Global markets wrapSubscriber Only
November 26, 2021 11:46 IST
The dollar was at a 16-month high, while South Africa’s rand weakened and commodity currencies retreated.
Turkish lira rebounds from record low despite policy worries
November 25, 2021 08:38 IST
The currency hit all-time lows against the dollar in all 11 consecutive sessions before Wednesday and has lost as much as 45% of its value this year, with around half of those losses occurring since the start of last week.
Elon Musk sells more shares than he needs to pay current tax bill
November 18, 2021 12:17 IST
As of early Wednesday, Musk had sold roughly 8.2 million shares in the electric car and solar panel maker in the past nine days, worth a total of just over $8.8 billion.
Bitcoin drops toward $60,000, Ether falls amid broad crypto dipSubscriber Only
November 16, 2021 13:06 IST
Bitcoin, the largest digital token, was down 4% at about $61,400 as of 1:32 p.m. in Singapore. Second-ranked Ether slid as much as 6.8%.
Tesla dips after Elon Musk sheds $5 billion in shares
November 12, 2021 13:12 IST
Elon Musk's share sale was his first since 2016 and comes after his weekend poll of Twitter users about offloading 10% of his Tesla stake, which comprises most of his estimated $281 billion fortune.
China’s Singles’ Day shopping fest muted amid tech crackdown
November 11, 2021 14:50 IST
The Singles’ Day shopping festival — also known as Double 11 — is a massive event for China's e-commerce companies.
Asia’s most expensive apartment sold in Hong Kong’s Peak areaSubscriber Only
November 10, 2021 21:58 IST
Wharf Holdings Ltd. and Nan Fung Development Ltd. sold an apartment at Mount Nicholson, one of the most iconic upscale projects in the city, for HK$140,800 per square foot, according to the companies.
Tesla zooms past $1 trillion market cap on bet that the EV future is now
October 26, 2021 10:23 IST
Tesla shares surged as much as 14.9% to $1,045.02, making it the world's most valuable automaker according to Reuters calculations based on its latest filing.
China Evergrande wires funds for bond coupon, averting default
October 22, 2021 17:17 IST
The source corroborated a story in the state-backed Securities Times on Friday that the company had remitted $83.5 million in coupon payments to a trustee account at Citibank on Thursday, allowing it to pay out to all bond holders before the grace period expires on Oct. 23.
Emboldened Bitcoin bulls shoot for moon after topping recordSubscriber Only
October 21, 2021 11:56 IST
Bitcoin was holding at about $64,650 as of 11:30 a.m. in Hong Kong trading Thursday after rocketing to a fresh record overnight. The largest digital currency touched a high of almost $67,000 Wednesday, galvanized by the successful launch of the first U.S. Bitcoin futures exchange-traded fund -- the second-busiest ETF debut on record and another step in its evolution from the frontiers of finance toward something with more mainstream appeal.
Bitcoin on cusp of all-time high ahead of futures ETF listing
October 19, 2021 18:45 IST
Bitcoin, the world's biggest cryptocurrency, rose as much as 1.5% during the Asia session to $62,991, its highest since mid-April and near its record of $64,895. It last traded flat.
Mark Zuckerberg loses $6 billion in hours as Facebook stock plungesSubscriber Only
October 5, 2021 09:59 IST
A selloff sent the social-media giant’s stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.
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