Oil steady after sharp rise on improved demand picture
Oil prices were little changed on Thursday after strong gains in the previous two sessions on expectations for surging fuel demand later this year while major producers maintain supply discipline.
Dollar on tenterhooks as payrolls test looms
The U.S. dollar was wavering above major support levels on Thursday, as traders awaited a batch of U.S. economic data that could set the tone at central bank meetings later this month.
China holds economic talks with second top U.S. official in a week
Chinese Vice Premier Liu He exchanged views with U.S. Treasury Secretary Janet Yellen on issues of mutual “concern”, in his second virtual call in a week with top economic and trade officials under the U.S. Biden administration.
Stocks near highs on recovery bets as oil extends rally above $70
Stock markets hovered near record highs on Wednesday as investors cheered the latest evidence of a sustained rebound in global economies and as stronger oil prices lifted energy stocks.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Oil extends gains on OPEC+ supply discipline and demand prospects
Oil rose on Wednesday, supported by an OPEC+ decision to stick to its plan to restore supply to the market gradually and by the slow pace of nuclear talks between Iran and the United States.
Analysis: China’s banks are bursting with dollars, and that’s a worry
A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan.
Dollar in doldrums as traders ponder Fed policy path; sterling soars
The dollar languished near multi-month lows versus major peers on Tuesday, as traders pondered the prospects for early policy normalisation by the Federal Reserve ahead of a key jobs report at the end of the week.
China announces three-child policy, in major policy shift
China announced on Monday that each couple would be permitted to have up to three children, a major policy shift from the existing limit of two children after recent data showed a dramatic decline in births in the world’s most populous country. The change was approved during a politburo meeting chaired by President Xi Jinping, […]
Bitcoin slumps 8% as it heads for bruising monthly drop
BITCOIN SLUMPS 8% AS IT HEADS FOR BRUISING MONTHLY DROP
