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Asian markets track US losses, Biden spending plan in focus

Fpo - Asian markets slipped Wednesday following a soft lead from Wall Street, while focus turns to the US where Joe Biden is expected to unveil his latest multi-trillion-dollar recovery plan for the world's top economy.

Oil demand to reach record by 2026: IEA

Paris - Global oil demand will return to pre-pandemic levels in two years and reach record heights by 2026 unless governments take swift action to meet climate goals, the International Energy Agency said Wednesday.

Most Asia markets track Wall St record as Biden signs stimulus

Fpo - Asian markets mostly rose Friday following more records in New York and Wall Street after Joe Biden finally signed his enormous stimulus into law, while fears over inflation and a possible interest rate hike subsided for now.

A year after crash, markets boom but bust fears loom

Paris - A year ago, stock markets went into free-fall as the scale of the coronavirus crisis became apparent and countries desperately locked down to try to halt the pandemic.

Asian markets track Wall St records on stimulus optimism

Fpo - Hopes that US lawmakers would pass Joe Biden's huge stimulus package helped push Asian markets higher again Monday, while traders were also cheered by falling infection rates and the rollout of vaccines.

Eyes on social media: How to detect the next GameStop Special

GameStop's meteoric climb on Wall Street was driven by the actions of ordinary investors, fuelled by discussions on social media platforms like Reddit. What does this mean for the future and the economic power of social media?

Asian markets mostly rise in respite from recent rout

Fpo - Most Asian markets bounced Monday following last week's blood-letting as bargain-buyers moved in, but dealers remain on edge as surging infections and a stuttering vaccination rollout offset long-term hopes for the economic recovery.

Asian stocks swing as virus and unrest offset vaccine, stimulus

Fpo - Asian markets fluctuated Tuesday as hopes for the rollout of coronavirus vaccines and a new stimulus out of Washington competed with fears over surging infections, new lockdowns and brewing political and social unrest in the United States.

Tokyo stocks close down on first trading day of year

Apo - Tokyo stocks closed down on Monday, the first trading day of the year, after a volatile session with investors nervous as the government weighs declaring a virus state of emergency.

US, European stocks end at records on US stimulus, Brexit deal

New York - US and European stocks pushed into record territory on Monday, buoyed by a pandemic recovery package agreed in the US and Britain's Brexit deal with the EU.

European stocks retreat after virus boost

London - European stock markets retreated Tuesday as a rally based on raised vaccine hopes petered out.In Asia, equities closed mostly higher with investors there catching up with news from US biotech group Moderna that its vaccine candidate was 94.

Asian stocks plunge with Wall St as tech surge halted

Fpo - Asian markets fell deep into negative territory Friday following painfully deep losses on Wall Street, where the tech sector finally succumbed to profit-taking after months of mind-boggling gains.

Dow erases 2020 losses as US stocks charge upwards

New York - Wall Street flexed its muscles on Friday, with the Dow erasing its losses for the year and the S&P and Nasdaq again hitting records as investors shrugged off the ongoing coronavirus crisis, while markets elsewhere saw more moderate trading.

It's not the economy, stupid: stock markets soar to record highs

Paris - The record highs attained by Wall Street last week might come as welcome news for US President Donald Trump.

Asian markets swing as new virus cases temper reopening hopes

Fpo - Asian markets fluctuated Monday as investors kept a nervous eye on a spike in virus infections around the world, while Europe pressed ahead with the easing of lockdown measures.

Global stocks rise despite protests, US-China tensions

New York - Global stock markets were firmer Monday, with Wall Street reversing opening losses and shrugging off unrest in many American cities following anti-racism protests and worsening US-China tensions.

Shares in Latin America's biggest airline drop 35% after bankruptcy filing

Santiago - Shares in Latin America's largest airline plunged 35 percent on the Santiago stock exchange on Tuesday after LATAM filed for bankruptcy in the US.

Equities tumble as Trump revives trade war fears

Fpo - Stock markets suffered steep losses Monday, tracking a selloff in New York after Donald Trump sparked fears of a renewed trade war with China over its role in the coronavirus pandemic.

Stock markets rattled by Trump's China virus claims

New York - London and New York stocks sank on Friday after US President Donald Trump lashed out at China over the coronavirus crisis, bringing back bad memories of a damaging standoff between both countries over trade.

Crude extends rally as output cuts begin

Fpo - Oil prices rose Friday as massive output cuts began to kick in and top producers said they would turn the taps lower, while there were also hopes for a pick-up in demand as economies slowly reopen.

Stock markets struggle as antiviral drug hopes fade

New York - Stock markets struggled on Friday as hopes of quickly finding a treatment for coronavirus were dashed, and more crushing economic data delivered a body blow to confidence.

Oil rockets higher, boosting global equities

New York - Beaten-down US oil prices rallied Wednesday following dramatic declines earlier this week, lifting global equities, even as American crude inventories surged closer to capacity levels.

Oil collapses to $10 as world awash with crude

London - US oil prices dived to 34-year lows at $10 Monday after crashing more than 45 percent in a market flooded with crude as demand evaporates in the face of the coronavirus pandemic.

As oil prices plummet, Monday's OPEC meeting delayed

The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, with the delay likely to hit oil prices next week following a record-setting comeback last week for crude.

Oil price barrels ahead as OPEC flags meeting

New York - The price of crude oil surged again Friday after OPEC said it would talk to non-members, notably Russia, giving investors hope for an end to a price war which has created market chaos along with crushed demand because of the coronavirus.

Stocks rebound as US makes economic moves against virus

London - Stocks rebounded Tuesday following Wall Street's sharpest daily drop in more than three decades as the United States took steps to try to deal with the economic fallout from the coronavirus.

Stocks and oil comeback rally fizzles

London - A rebound in European and US stocks on hopes Washington would agree on new stimulus measures fizzled Friday as traders closed out a week of carnage over fears the coronavirus pandemic will trigger a global recession.While the Dow shot 5.

Asian stocks nosedive, extending global rout on recession fears

Apo - Asian markets opened in freefall on Friday, extending a global rout that saw bourses experience their worst day in decades on fears of a recession caused by the coronavirus pandemic.

Stocks see worst slump in decades as Trump ban bites

London - Equity markets plunged Thursday, with some recording their worst day in decades, after the US banned travel from Europe and the ECB failed to stem the selling tide.The oil price also fell sharply as the move ramped up fears of a worldwide recession.

Stocks, oil plunge as Trump travel ban fans recession fears

London - Global stock markets and oil prices plunged Thursday after President Donald Trump banned all travel from mainland Europe to the United States for a month to fight the coronavirus pandemic, ramping up fears of worldwide recession.
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