Oil falls more than 3% as European coronavirus curbs point to demand hit

© Reuters. Views of Total Grandpuits oil refinery By Ahmad Ghaddar LONDON (Reuters) – Oil prices fell more than 3% on Tuesday, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a recovery in demand, while a stronger dollar also weighed. futures dropped by $ 2.20, or 3.4%, […]

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NZD/JPY plunges by more than 2% as the kiwi freefalls, yen strengthens

NZD/JPY is down over 2% to 76.35 currently Invest in yourself. See our forex education hub. Much like how the technical picture in NZD/USD is looking poor, NZD/JPY is also not spared from that as the pair hints at a double top pattern around 79.00. The rejection there adding to the break of support below […]

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Saudi Aramco’s debt-to-equity ratio more than doubles in 2020

© Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq DUBAI (Reuters) – Saudi Arabian oil giant Aramco (SE:)’s net debt-to-equity ratio more than doubled to 55% in 2020 from 26% a year earlier, the company said in a financial results report. Net debt rose to 605.9 billion […]

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Huawei CFO lawyer says Canadian police officials were ‘less than truthful’ in testimony

© Reuters. FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves court on a break in Vancouver By Sarah Berman VANCOUVER (Reuters) – A lawyer for Huawei Chief Financial Officer Meng Wanzhou charged in court on Wednesday that Canadian police witnesses gave “less than truthful” testimony when confronted with alleged abuses of process during […]

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Oil up as OPEC+ considers rollover rather than raising output

2/2 © Reuters. Views of Total Grandpuits oil refinery 2/2 By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave further support. was up […]

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AstraZeneca has sold its stake in Moderna for more than $1 billion: The Times

© Reuters. The AstraZeneca office building in Brussels (Reuters) – AstraZeneca (NASDAQ:) Plc has sold its 7.7% stake in Moderna (NASDAQ:) Inc for more than $ 1 billion after the U.S. biotechnology company’s shares soared on the back of its coronavirus vaccine breakthrough, The Times reported. The report added that it was not clear over […]

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GBP/USD Jumps to More Than 2-Year High Ahead of Data Deluge Next Week

© Reuters. By Yasin Ebrahim Investing.com – The pound surged to more than two-year highs on Friday, and remained on track for its fifth-weekly win on growing expectations for a strong vaccine-led rebound in the economy ahead of an important week of data that will include clues on monetary policy. rose 0.26%, to $ 1.3850, […]

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China debt crackdown: regulators asking property developers for more details than expected

© Reuters. FILE PHOTO: Man works on renovating an office building near residential buildings in Beijing HONG KONG (Reuters) – Chinese regulators are asking property developers to provide more details about their debts than markets had expected, as authorities look to tackle unbridled borrowing in the real estate sector, according to a document seen by […]

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Emerging currencies set for biggest underperformance in more than a decade

By Saikat Chatterjee LONDON (Reuters) – The performance gap between emerging market currencies and their developed peers has blown out to its widest level in more than a decade as falling interest rates, an uncertain economic outlook and sizeable outflows curb investor appetite. A group of 10 major emerging currencies – including the , the […]

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EUR/USD Set to Close Above Key Level After Hitting More Than 2-Week High

© Reuters. By Yasin Ebrahim Investing.com – The euro surged to a more than two-week high against the dollar on Friday, and looked to close above a key level that could signal further gains ahead, according to experts. rose 0.56% to $ 1.1823, its highest level since September 21. “A close above 1.1791/92 [in EUR/USD] should […]

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