Business

Futures slump on fresh Omicron worries after vaccine warning

U.S. stock index futures fell sharply on Tuesday after a warning from vaccine maker Moderna’s chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.

Australia banking watchdog publishes long-awaited capital rules

Australia’s banking regulator published on Monday a final set of rules asking banks to hold more capital against investor and interest-only home loans but less for business loans, in a move expected to affect loan pricing.

Nissan to spend $17.6 bln over 5 years in electrification push

Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry.

Futures slump on fresh Omicron worries after vaccine warning

U.S. stock index futures fell sharply on Tuesday after a warning from vaccine maker Moderna’s chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.

Australia banking watchdog publishes long-awaited capital rules

Australia’s banking regulator published on Monday a final set of rules asking banks to hold more capital against investor and interest-only home loans but less for business loans, in a move expected to affect loan pricing.

Nissan to spend $17.6 bln over 5 years in electrification push

Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry.

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