TOKYO: Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity, along with demand for commodities such as crude. Brent crude was down 43 cents, or 0.6%, at $66.34 a barrel...
Gold prices rose on Monday, hovering near a seven-week peak hit in the previous session, as a softer dollar and a retreat in U.S. Treasury yields lifted demand for the safe-haven metal. FUNDAMENTALS Spot gold was up 0.3% at $1,781.75 per ounce by 0056 GMT, after hitting its highest...
SINGAPORE — Singapore’s largest bank DBS Group Holdings said it’s not practical to cut off clients with coal exposure in the short term. DBS on Friday announced that it aims to eliminate thermal coal exposure by 2039. To get there, DBS will cease taking on new clients that derive...
If you’ve been out and about on the weekend and missed the moves, BTC has given back some of its recent gain: As for the headline to this post, here is the argument on China’s power blackouts triggering the drop: blackout in China’s Xinjiang region (reportedly powers a lot...
U.S. stock index futures declined in overnight trading on Sunday, after the S&P 500 and Dow Jones Industrial Average closed at record highs on Friday. Futures contracts tied to the Dow slid 69 points, or 0.2%. S&P 500 futures dipped 0.3%, while Nasdaq 100 futures were 0.34% lower. Stocks...
With stocks at all-time highs, one of Wall Street’s biggest bullsis taking his optimism up a notch. Federated Hermes’ Phil Orlando believes the S&P 500 could hit his year-end price target of 4,500 by July, which implies about an 8% gain from current levels. “At the pace the economy...
Only last week BTC hit a new record high (on approach to USD65K) and over the weekend just past its dropped back. If you are after an explanation the one that seems most logical is thespeculation that the US Treasury may crackdown on money laundering conducted via digital assets....
People wait in line at a food distribution site in the South Bronx on March 10, 2021 in New York. Spencer Platt | Getty Images News | Getty Images It’s been about a year since millions of Americans filed for unemployment benefits in the early days of the Covid...
Various cryptocurrencies fall 20%. A look at insider selling at Coinbase Just days after hitting a record high of $64,899, bitcoin had its worst day in seven weeks, falling as much as 15% before trimming the decline to 9% and trading at $55,260. The drop came in an across-the-board...
NEW DELHI: Gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during the last fiscal, however,...