Asia stocks, oil prices suffer as Omicron spreads
Asian share markets fell and oil prices slid on Monday as surging Omicron cases triggered tighter restrictions in Europe and threatened to drag on the global economy into the new year.
Pandemic have-a-go investors force shake-up in UK wealth market
The explosion in DIY investing since the start of the pandemic has led to a scramble among Britain’s more traditional asset managers and banks to buy or build online platforms that give consumers more direct control of their investment portfolios.
Argentina’s economy rebounds strongly in third quarter
Argentina’s economy expanded 11.9% on a year-on-year basis in the third quarter of 2021, the country’s statistics agency said on Thursday, in line with expectations of a sharp rebound from the 10.2% contractionin the same period last year.
Analysis: Jabs for jobs: U.S. vaccine mandates offer bargaining chip for worker rights
U.S. vaccine mandates are giving workers greater negotiating power, experts say, as the threat of strikes and collective action wins concessions for workers pummeled by the pandemic.
Beijing rule changes to revive China’s IPO prospects in 2022, bankers say
Greater China’s flagging initial public offerings (IPOs) are set to get a fillip in 2022 from the expected unveiling of new rules by Beijing for Chinese firms’ offshore listings, giving clarity to jittery investors, investment bankers and analysts said.
Wall Street firms retreat from office, holiday parties as virus spreads
Wall Street banks and investment firms are retrenching from their push to get staff back to the office, with Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N), Carlyle Group Inc (CG.O), Blackstone (BX.N) and MetLife (MET.N) among the latest to adjust plans as the Omicron variant of the coronavirus spreads.
Foreign holdings of Treasuries hit record high in October -data
Foreign holdings of U.S. Treasuries, led by Japan and China, rose to a record high for the month of October, data from the Treasury department showed on Wednesday.
Swiss National Bank sticks to loose policy, diverging from Fed and others
The Swiss National Bank stuck to its ultra-loose monetary policy on Thursday, diverging from the tightening path being taken by a growing number of central banks and despite higher inflation and a surge in the value of the safe-haven Swiss franc.
COVID curbs freeze Germany’s private sector growth in December – PMI
Growth in German private sector activity evaporated in December as restrictions to break an aggressive fourth wave of coronavirus infections hit the services sector in Europe’s largest economy, a survey showed on Thursday.
Exclusive: HSBC says clients must have plan to exit coal by end-2023
Europe’s leading banker to corporate Asia, laid out its long-awaited policy on financing thermal coal on Tuesday, and said it expected all its clients to have a plan in place to exit the fossil fuel by the end of 2023.
