Oil prices fell on Thursday. Prices declined on indications of rising U.S. stocks and as investors took profits after a recent price rally, but robust demand and short-term supply disruptions continue to support oil prices close to their highest since 2014. Brent crude futures dropped 45 cents or 0.5% to $87.99 a barrel by 12:42 …
Several days ago, an underwater volcano erupted in Tonga. Unfortunately, the eruption caused strong waves and currents in many places, including Peru. The country demanded compensation from the Spanish oil giant Repsol after waves from a volcanic eruption in Tonga caused an oil spill described as the worst ecological disaster to hit Peru in recent …
How Peru Plans to Deal With the Worst Ecological Disaster Read More »
On Thursday, a small blank-check firm supported by state investor Temasek made its debut, marking the first such local listing as Singapore steps up a drive to emerge as a key venue for listings of this type. Vertex’s debut came four months after Singapore Exchange allowed special purpose acquisition companies (SPACs) or shell firms to …
The pandemic devastated various industries all over the world. Nevertheless, the wealth of the world’s ten richest men doubled from $700 billion to $1.5 trillion since the beginning of the pandemic. In total, billionaires added trillions of dollars to their fortunes during the pandemic, according to Oxfam. Oxfam’s new report contains many interesting details about …
Billionaires Earned a Lot of Money During the Pandemic Read More »
European stocks declined on Tuesday as global investors remain attuned to the policy direction of the Federal Reserve. They are also waiting for the corporate earnings season. The pan-European Stoxx 600 declined 1.2% by late morning, with tech and travel stocks each dropping 2.2% to lead losses. In terms of individual share price movement, Auto1 …
European as well as Asian Stocks Suffered Losses Read More »
Coal has a huge impact on the environment, and countries are trying to get rid of it as soon as possible. Despite its impact, China heavily relies on coal. In 2021, China’s coal production reached record levels as the government encouraged miners to ramp up their fossil fuel output to protect China’s energy supplies through …
Oil prices reached their highest point in several years on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures gained $1.02 or 1.2% to $87.50 a barrel by 09:24 GMT. U.S. West Texas Intermediate (WTI) crude futures advanced $1.36 or 1.6% to $85.18 …
Oil Prices Reached Phenomenal Results Due to Tensions Read More »
Mainland Chinese stocks rose on Monday in a mixed trading session across the Asia-Pacific as official data showed the country’s economy grew faster than expected between October and December. The Shanghai Composite gained 0.58% to end its trading day at 3,541.67. The Shenzhen component added 1.51% to 14,363.57. The world’s second-largest economy rose by 8.1% …
Mainland Chinese Stocks and the Country’s Economy Read More »
Gold strengthened its position on Monday morning in Asia, while U.S. Treasury yields benefited from hawkish signals from the U.S. Federal Reserve. Moreover, markets are beginning to price in a sooner-than-anticipated reduction in the central bank’s balance sheet. Gold futures gained 0.16% to $1,819.40 by 11:36 PM ET (4:36 AM GMT). Moreover, benchmark 10-year U.S. …
The economy of China rose by 8.1% in 2021 as industrial production rose steadily through the end of the year and offset a drop in retail sales, according to the information released by the country’s National Bureau of Statistics. The gross domestic product (GDP) rose by 4% from a year ago, according to the statistics …
World’s Second-Largest Economy Grew by 8.1% in 2021 Read More »
It was not an easy day for stocks in Asia-Pacific. Stocks in South Korea, as well as Japan, led losses in major markets across the region on Friday as the recent rally in U.S. stocks broke momentum with the Nasdaq Composite breaking a three-day winning streak. U.S. stocks declined on Thursday. The S&P 500 fell …
Stocks in South Korea and Japan Suffered Significant Losses Read More »
Oil futures reversed losses on Friday thanks to a weaker U.S. dollar. Nonetheless, the world’s biggest importer’s imminent release of crude reserves capped price gains. Brent crude futures gained 32 cents or 0.4% to $84.79 a barrel at 07:30 GMT. U.S. West Texas Intermediate (WTI) crude advanced 11 cents or 0.1% to $82.23 a barrel. …
The Covid-19 created numerous problems and it is not over yet. Europe is slowly changing its stance regarding the pandemic. For example, there are growing calls in Europe for Covid-19 to be treated as an endemic illness like the flu in spite of strong warnings from global health officials that the pandemic is far from …
Europe Wants to Change its Position Regarding Covid-19 Read More »
U.S. stocks rose on January 12 after an important inflation report showed a historic gain but largely matched expectations. On January 12, the S&P 500 gained roughly 0.28% to 4,726.35. The Nasdaq Composite advanced 0.23% to 15,188.39 for its third straight positive day. Meanwhile, the Dow Jones Industrial Average, which shuffled between modest gains and …
Key Inflation Report and its Influence on Stocks Read More »
Chinese markets saw gains on the day, tracking gains in other Asia-Pacific markets. In Hong Kong, the Hang Seng index jumped 2.79% to end its trading day at 24,402.17. The Hang Seng tech index added nearly 5%, with Tencent rallying 4.52%. On Wednesday, Alibaba added 5.89%, Meituan gained 9.33%, and J.D. added 11.05%. Mainland Chinese …
Hang Seng Index Jumped on Wednesday Thanks to Tech Stocks Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
