Brent hits $60 as supply cuts and stimulus hopes boost prices
LONDON: Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted...
Global food prices soar to six-year high: FAO
World food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to a report...
Tesla stashes $1.5 billion in bitcoin, to accept as payment for cars soon
Tesla Inc said on Monday it had invested around $1.5 billion in bitcoin and expected to begin accepting payment for its cars...
IMF chief seeks more help for low-income countries
WASHINGTON: The head of the IMF on Friday urged advanced economies to provide more resources to low-income countries, warning of an emerging...
Taiwan punishes Deutsche Bank, others in currency speculation case
TAIPEI: Taiwan’s central bank said on Sunday it had banned Deutsche Bank from trading Taiwan dollar deliverable and non-deliverable forwards and suspended...
Wall Street Week Ahead: GameStop frenzy reveals potential for broader market stress
NEW YORK: As the trading frenzy in GameStop Corp shares and other social media favorites recedes, investors are eyeing signs of potential...
Covid-19: China approves Sinovac vaccine for general public use
China's drug authorities have given "conditional" approval for a second Covid-19 vaccine, Sinovac's CoronaVac jab, the pharmaceutical company said Saturday.
The vaccine has...
Tractors, trucks block India’s roads as farm protests widen
While initial protests were started by rice and wheat growers from northern Indian who camped out on the outskirts of New Delhi, support for them has been growing especially in states not ruled by PM Narendra Modi's party
Police seize $60 million of bitcoin! Now, where’s the password?
FRANKFURT: German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster. There’s only one problem:...
S&P 500, Nasdaq scale new highs on stimulus progress, job market rebound
NEW YORK: The S&P 500 and the Nasdaq hit record highs on Friday on signs of progress towards more economic stimulus, while...
Europe in battle to overcome economic lag vs US, Asia
Europe’s slow vaccine roll-out means its economic recovery could lag behind upturns in the United States and Asia unless it can get...
Oil hits highest in a year on growth hopes, OPEC+ cuts
LONDON: Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and...
US trade deficit jumps to 12-year high in 2020
WASHINGTON: The United States’ trade deficit surged to its highest level in 12 years in 2020 as the Covid-19 pandemic disrupted the...
Indian protests against agriculture reforms attract new supporters
BHAINSWAL: Thousands of farmers in a politically important Indian state on Friday rallied in opposition to new agricultural laws, signalling growing support...
US Treasury says wants to “understand deeply” GameStop frenzy before taking action
WASHINGTON: US Treasury Secretary Janet Yellen said on Thursday that before she and financial market regulators took any action, they needed to...