Analysis: Debt in a warm climate: coronavirus and carbon set scene for default
Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming.
Kuwait’s economic makeover under threat as small businesses fight for life
Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country’s efforts to remake its unorthodox and oil-pumped economy.
Asian shares fall as Delta fears eclipse Wall Street uptick
Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment even as tame U.S. inflation eased fears the Federal Reserve would rush to reduce its economic support.
Oil prices drop as IEA warns of slowdown in demand recovery
Oil prices declined on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand.
Australia’s NAB posts 10.3% rise in cash profit, upbeat on outlook
National Australia Bank Ltd (NAB.AX), the country’s No. 3 lender, said on Thursday its third-quarter cash profit rose 10.3% as it was able to move funds set aside for potential COVID-19 losses back into profit.
Analysis: Peak OPEC? Climate-focused production shift to pile pressure on pact
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving OPEC’s biggest players and their allies more power and leaving some smaller producers struggling.
Analysis: Shoots of greenflation spring new challenges on portfolio managers
From container ships to cardboard, tighter environmental regulations are stoking shortages and price spikes as ‘greenflation’ takes a grip, adding a new twist to corporate valuations.
EXCLUSIVE Great Wall Motor to shift some India investment to Brazil after approval delays -sources
Great Wall Motor (601633.SS) has decided to re-allocate to Brazil a portion of its $1-billion investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters.
MARKETMIND The price of U.S. recovery
One way or another, Wednesday’s U.S. July inflation print could prove key for markets torn between strong data that suggests the time for withdrawing stimulus is nearing and concern that a resurgent delta COVID variant could stall growth.
Dutch bank ABN Amro resumes dividend payments as Q2 net profit beats
Dutch bank ABN Amro (ABNd.AS) said on Wednesday it would resume dividend payments as an economic recovery in the Netherlands had helped a stronger-than-expected bounce in net profit.
