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.
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.
Dow, S&P 500 close at records as U.S. infrastructure bill clears Senate
Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically sensitive value stocksgained with the U.S. Senate’s passage of a $1 trillion bipartisan infrastructure package.
WeWork rival IWG ‘cautiously optimistic’ on year after H1 losses widen
Office rental firm IWG Plc (IWG.L) said on Tuesday it was cautiously optimistic about the rest of the fiscal year despite posting a bigger half-year loss, even as a resurgence in global COVID-19 cases and renewed lockdowns in some markets threaten the pace of recovery.
Slow growth in Japan’s bank lending shows COVID-19 cash crunch easing
Japan’s bank lending rose in July at the slowest annual pace in nearly nine years, data showed on Tuesday, a sign companies were emerging steadily from a cash crunch last year caused by the coronavirus pandemic.
S&P dips, just off record as energy shares fall
The S&P 500 dipped on Monday, as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financials stocks, keeping Wall Street’s benchmark index near record levels.
China’s July factory price growth quickens, adds to business and broad economic pressures
China’s factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding to strains on an economy losing recovery momentum as businesses struggle with high raw material costs.
‘What a run!’: German exports jump despite supply bottlenecks
German exports rose more than expected in June despite persisting supply bottlenecks in manufacturing, data showed on Monday, suggesting a solid recovery in Europe’s biggest economy.
Crown, forint expected to firm as interest rates rise
The Czech crown and the Hungarian forint will extend gains in the coming year as their central banks hike rates to curb inflation during the post-pandemic economic recovery, a Reuters poll showed on Thursday.
Siemens raises profit guidance again as industrial demand ramps up
German engineering and technology company Siemens (SIEGn.DE) raised its profit guidance on Thursday for the third time this year on the back of a post-pandemic surge in demand.
