Asian factories shake off supply headaches but Omicron presents new risks
Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region’s prospects for an early, sustained recovery from pandemic paralysis.
Global airlines prepare for Omicron-induced volatility
Airlines are bracing for a fresh round of volatility due to the Omicron variant of COVID-19 that could force them to adjust schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say.
Analysis: Japan keen to speed up digital yen launch as China adds geopolitical twist
Japan’s new political leadership is calling on the country’s financial bureaucrats to ramp up efforts toward issuing a digital currency, pointing to China’s far quicker progress as a potential challenge to the global economic order.
EXCLUSIVE Investcorp revs up to sell Italian motorcycle clothing brand Dainese – sources
Investcorp is gearing up to sell Italian motorcycle clothing brand Dainese in a deal that could value the 49-year firm, favoured by motorcycle racer Valentino Rossi, at about 750 million euros, a source familiar with the matter told Reuters.
Analysis: History says expect strong December for U.S. stocks, despite Omicron and Fed worries
A pileup of risks into year-end has some investors gauging whether December will continue its historical trend of a strong stock performance, even as markets face of worries over the Omicron coronavirus variant and a more hawkish Federal Reserve.
Germany’s incoming finance minister rings alarm bell on inflation
Germany’s incoming Finance Minister Christian Lindner on Tuesday vowed to champion solid public finances and a reduction of debt levels across the euro zone so that the European Central Bank (ECB) could fight inflation without hesitation if needed.
Futures slump on fresh Omicron worries after vaccine warning
U.S. stock index futures fell sharply on Tuesday after a warning from vaccine maker Moderna’s chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.
Emirates warns Omicron could cause ‘significant traumas’ for aviation industry
A major hit to the peak December travel season because of the Omicron variant of the coronavirus would cause “significant traumas” in the global aviation business, Emirates airline President Tim Clark said on Tuesday.
Omicron vaccine warning triggers fresh global selloff
There was a fall in world share markets and scramble to safer currencies and bonds on Tuesday after the CEO of drugmaker Moderna (MRNA.O) warned that COVID-19 vaccines are unlikely to be as effective against the new Omicron variant.
Analysis: Ready to pounce: Investors prepare for swings, opportunities as Omicron variant spreads
The latest COVID-19 virus variant has sparked a wild ride in markets.
