Coronavirus

Marketmind: Muddied Waters

Investors can be forgiven for being nonplussed on the data front this week. A day after U.S. consumer inflation data…

4 years ago

Malaysia c.bank slashes 2021 growth outlook on COVID-19 surge, lockdowns

Malaysia's economy expanded more quickly than expected on an annual basis in the second quarter, but the central bank slashed…

4 years ago

Dubai Expo in focus as UAE racks up $700 mln of trade with Israel since normalisation

Israel and the United Arab Emirates, which normalised relations a year ago, are looking to Dubai's Expo world fair in…

4 years ago

OPEC+ supply boost unlikely despite call from U.S. for more oil, says Goldman

U.S. investment bank Goldman Sachs said a recent call by the United States to OPEC+ to boost oil output is…

4 years ago

Disney bullish on parks despite Delta; investors cheer streaming growth

Walt Disney Co (DIS.N) earnings on Thursday topped Wall Street forecasts for the most recent quarter as its streaming services picked up…

4 years ago

Airbnb warns of Delta impact on bookings, shares fall over 4%

Airbnb Inc (ABNB.O) said on Thursday its current-quarter bookings could be hit by the Delta variant of the coronavirus and a slowing…

4 years ago

Oil dips as Delta variant weighs on demand forecasts

The Brent benchmark oil price fell for a second day on Friday, albeit holding above $70 a barrel, after the…

4 years ago

Dollar holds firm near 4-month high on Fed tapering bets

The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as…

4 years ago

DoorDash plunges into loss on pricey grocery expansion

Food-delivery firm DoorDash Inc's (DASH.N) loss widened more than expected in the second quarter as the U.S. upstart spent heavily to expand…

4 years ago

Fund managers position for transitory U.S. inflation

Based on expectations that U.S. inflation will be transitory and that the Federal Reserve will clearly communicate its plans to…

4 years ago