Finance

by | February 02, 2021 | 18:19

The free trade arrangement, properly know as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership was formalised in 2018. In all, the area covers a market of around 500m people, producing more than 13 per cent of the world's income.

by | February 02, 2021 | 17:27

Both contracts rose more than 2 per cent in the previous session. Crude oil delivery for February gained Rs 84, or 2.15 percent, to Rs 3,989 per barrel at 15:41 hours IST with a business turnover of 5,514 lots. US government data last week showed a 2.3 million-barrel drawdown in stocks at the Cushing, Oklahoma, delivery hub for crude futures. The oil market is "supported by the combination of tightening fundamentals, as seen through the rising backwardation and the renewed risk appetite in ...

by | February 02, 2021 | 02:29

The December reading was the index's highest since it stood at 60.8% in August 2018. The ISM revised data going back to 2012. Manufacturing has been driven by strong demand for goods like electronics and furniture as 23.7% of the labor force works from home because of the coronavirus outbreak.

by | February 01, 2021 | 20:21

The Union Cabinet will meet at 10.15 am to clear the Budget. " GDP growth, however, is expected to rebound strongly in 2021-22 owing to the reform measures undertaken by the government", the budget document said. The unions have, for months, been demanding the repeal of three farm laws that will make it easier for private traders to bypass "mandis' or market places run by Agricultural Produce Marketing Committee (APMC) in order to buy agricultural produce as well as removed stock limits on ...

by | February 01, 2021 | 19:24

Although the deal includes the brand and stock, it does not include the shops, placing the affected brands' physical stores including the Topman and Topshop store in the Eastgate Centre, at risk of closure. "These are strong brands that resonate well with our core customer base". The four brands acquired in Monday's deal posted sales of £1 billion ($1.8 billion), ASOS said.

by | February 01, 2021 | 16:04

Nigeria says the first batch of 100,000 doses of the Pfizer/BioNTech vaccine against COVID-19 is delayed because of "politics and logistics due to no fault of Nigeria". The Philippines may also be able to access 5.5 million to up to 9.2 million doses of AstraZeneca vaccines made in South Korea by late February or early March - if it soon receives the emergency use listing (EUL) from WHO.

by | February 01, 2021 | 11:06

The restriction has forced some investors to trade cryptocurrency , the markets for which are open 24 hours a day. The revelation that hedge funds have heavily bought short positions running into trillions could propel already bullish digital assets to new highs.

by | February 01, 2021 | 11:03

HNA, once one of China's most high-flying firms, said late on Friday its creditors had applied to a Hainan court for the company to be placed in bankruptcy and restructured. By the end of 2017, HNA's assets topped 1.2 trillion yuan ($186 billion). In a statement on HNA's WeChat account on Monday, the company said that risk disposal work is gradually being carried out, but the "severity of risks" must be given high attention.

by | February 01, 2021 | 06:32

He added: "It's a wonderful opportunity for people to make money - everyone's bored and locked up - but just be careful and make sure whatever you invest in these type of hot stocks, make sure you invest only what you can afford to lose". Founded by Gabe Plotkin, a former portfolio manager for Steven Cohen, Melvin now manages more than $8 billion, including $2.75 billion in funds that Citadel LLC and Cohen's Point72 Asset Management put into the hedge fund last week.

by | January 31, 2021 | 19:39

After Tesla delivered just shy of a Musk-promised 500,000 electric vehicles a year ago, investors are focused on the Silicon Valley manufacturer's 2021 delivery target, expected to be provided on Wednesday. Tesla says it's capable of 0-60 in less than 2 seconds, claiming in the earnings presentation that it's the fastest-accelerating production vehicle in the world.

by | January 31, 2021 | 16:53

Johnson & Johnson's Janssen Pharmaceutical Companies announced on Friday its single-dose COVID-19 vaccine is 72% effective in the U.S.at preventing moderate to severe COVID-19. Both Fauci and Walensky expressed concern about the spread of coronavirus variants in the USA, with the latest example being a mutation first seen in South Africa that has now been reported in two people in SC.

by | January 31, 2021 | 11:03

India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.

by | January 31, 2021 | 07:10

The December test launch of the "Serial Number 8" Starship prototype at SpaceX's Boca Chica, Texas, facilities was hailed by Musk as a success: " Mars, here we come! " the chief executive tweeted moments after the rocket exploded on its landing, celebrating SN8's successful 8-mile-high ascent with his followers.

by | January 31, 2021 | 06:13

In response, Subway said through a representative, "Tuna is one of our most popular sandwiches". The lawsuit accuses Subway of fraud, intentional and negligent misrepresentation and unjust enrichment. According to nutritional information on the chain's website , Subway's tuna salad is made with flaked tuna in brine, mayonnaise and calcium disodium, an additive to protect flavor.

by | January 30, 2021 | 22:24

The Tánaiste said the "particularly encouraging" aspect of the Johnson and Johnson vaccine is that it is administered in a single dose, and he expects the company to apply for approval in the European Union in March with the rollout beginning in April.

by | January 30, 2021 | 17:30

The advice by the panel of medical experts will be taken into account by the government as it officially draws up its decree on usage of the vaccine. While Britain is running ahead of its European peers on vaccinations, with nearly 7.5 million receiving their first dose so far, the British Covid-19 death toll has surpassed 100,000, and is the highest in Europe.

by | January 30, 2021 | 07:59

While we don't know exactly when passenger demand will return, as vaccine distribution takes hold and travel restrictions are lifted, we will be ready". Business and worldwide travel, which are both crucial to American and rivals such as Delta and United, are expected to recover more slowly. The airline slipped to a loss of $3.86 per share in the December-quarter, on an adjusted basis, from earnings of $1.15 per share in the prior-year period.

by | January 30, 2021 | 07:41

Johnson & Johnson rose 2.7% after the company reported fourth-quarter results that cruised past Wall Street's expectations. "We have a bit of a ideal storm heading into the month end, which is weighing on equity markets, but I don't think at the moment we are in a place where it's going to come crashing off", Hewson said.

by | January 30, 2021 | 03:39

Toyota sold 9.5M vehicles around the world past year. The Japanese automaker said Thursday it delivered 9.528 million vehicles in 2020, down about 11.3% on the year before. Toyota did brisk business in the USA and China. It is the first time in five years that Toyota emerged as the world's biggest vehicle company.

by | January 30, 2021 | 03:23

By rallying together into these stocks, they are triggering something called a " short squeeze ". Robinhood will allow limited buying from Friday, it said . The app now counts more than 13 million users. Social media chatrooms are beginning to resemble the squawk boxes on trading floors as a new generation of retail traders gains influence.

by | January 29, 2021 | 23:18

GM said today that it planned to be carbon neutral by 2040 and that it also planned for all of its light-duty vehicles to be all-electric by 2035. With electric vehicle pioneer Tesla now the world's most valuable car-maker by market cap, it is becoming increasingly obvious to legacy auto giants such as GM that they must transition if they are to survive.

by | January 29, 2021 | 21:56

The hardship of 2020 inspired the 21-year-old to take part in the campaign to drive up GameStop shares, punishing hedge funds in the process. eToro said it was no longer allowing customers to borrow to maximise their bets on 150 stocks, including GameStop shares, in this way.

by | January 29, 2021 | 18:16

The company on Tuesday also presented early data from a late-stage trial showing that its combination therapy of two antibodies, bamlanivimab and etesevimab, helped cut the risk of hospitalization and death in COVID-19 patients by 70%. In the cocktail group, infections lasted no more than one week, while about 40% in the placebo cohort lasted three to four weeks. While the FDA would still need to approve the drug for this passive vaccine use, Regeneron's President and Chief Scientific ...

by | January 29, 2021 | 14:30

Powell noted that the fate of the economy was tied to the success of the United States vaccination programme. "Something like 9 million people remain unemployed as a effect of the pandemic", he continued, noting a total equal to the peak of the job losses during the Great Recession in 2009.

by | January 29, 2021 | 09:24

The Ministry of Defense said an ordnance disposal team had been called out and was assisting authorities at the plant. Anti-vaxxers are suspected of sending a hoax bomb to the UK's only Covid-19 vaccine bottling plant, halting production for a large part of the day.