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23% of people with Covid will suffer lasting symptoms: Study About 23 per cent of people infected with Covid will become "long haulers", finds a study that identifies predictors of who is likely to develop the sometimes-debilitating symptoms that can last for months. The study finds that obesity and hair loss at the time of infection are predictors of long Covid, but that other underlying conditions -- such as diabetes or smoking status -- have no discernable link to long-lasting symptoms. The research, which appears in Scientific Repor...
23% of people with Covid will suffer lasting symptoms: Study
23% of people with Covid will suffer lasting symptoms: Study
Source: IANS
18/07/2022 2:21:35 PM
Australian unemployment falls but working hours reduced due to Covid, influenza Australia's unemployment rate has fallen to its lowest level in almost 50 years. According to labour force data published by the Australian Bureau of Statistics (ABS) on Thursday, the official unemployment rate in June was 3.5 per cent, down from the 3.9 per cent recorded for the previous three months. "This is the lowest unemployment rate since August 1974, when it was 2.7 percent and the survey was quarterly," Bjorn Jarvis, ABS head of labour statistics, said in a media ...
Australian unemployment falls but working hours reduced due to Covid, influenza
Australian unemployment falls but working hours reduced due to Covid, influenza
Source: IANS
14/07/2022 2:41:36 PM
Explained: How Covid-19 infection damages brain While SARS-CoV-2, the virus causing Covid-19, does not directly affect the brain, the immune response triggered by the infection damages the brain's blood vessels, leading to short- and long-term neurological symptoms, according to a study. In a small study, researchers from the National Institute of Neurological Disorders and Stroke (NINDS), a part of the US National Institutes of Health, examined brain changes in nine people who died suddenly after contracting the virus. They foun...
Explained: How Covid-19 infection damages brain
Explained: How Covid-19 infection damages brain
Source: IANS
6/07/2022 5:29:36 PM
Oil gains on tight supply as U.S. driving season looms LONDON   - Oil prices rose slightly on Monday, supported by U.S. fuel demand, tight supply and a lack of progress towards a European ban on Russian oil, as Shanghai prepares to reopen after a two-month coronavirus lockdown that fuelled economic growth fears. Extending last week's small gains, Brent crude futures rose 53 cents, or 0.5%, to $113.08 a barrel by 1345 GMT while U.S. West Texas Intermediate (WTI) crude 34 cents, or 0.3%, to $110.62. "Oil prices are supporte...
Oil gains on tight supply as U.S. driving season looms
Oil gains on tight supply as U.S. driving season looms
Source: Reuters
23/05/2022 8:05:11 PM
Oil steady as economic worries offset possible China demand rise Oil prices were little changed on Friday as worries about weaker economic growth offset expectations that crude demand could rebound in China as Shanghai lifts some coronavirus lockdowns. Brent futures for July delivery fell 36 cents, or 0.3%, to $111.68 a barrel by 0015 GMT, while U.S. West Texas Intermediate (WTI) crude fell 36 cents, or 0.3%, to $111.85 on its last day as the front-month. WTI futures for July, which will soon be the front-month, were down about 0.6% to $109.20 a barr...
Oil steady as economic worries offset possible China demand rise
Oil steady as economic worries offset possible China demand rise
Source: Reuters
20/05/2022 8:21:09 AM
Toyota cuts production due to Covid lockdown in Shanghai Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai, media reports said. The firm says the production halt will come into effect on Monday and stay in place until of end of next week, the BBC reported. It is the latest big car maker to announce that it is being impacted by the Covid-19 measures in China. Meanwhile, Tesla has reportedly halted most production at its Shanghai plant due to probl...
Toyota cuts production due to Covid lockdown in Shanghai
Toyota cuts production due to Covid lockdown in Shanghai
Source: IANS
11/05/2022 8:03:04 PM
Oil prices fall, weighed down by dollar, China lockdowns LONDON  -Oil prices slipped on Monday alongside equities and weighed down by a strong dollar and demand concerns on the back of continued coronavirus lockdowns in China, the world top oil importer. Brent crude fell $2.88, or 2.6%, to $109.51 a barrel by 1351 GMT. U.S. West Texas Intermediate crude was at $106.73 a barrel, down $3.04, or 2.8%. Both contracts have gained over 40% so far this year. The dollar hitting a fresh two-decade high made oil more expensive for holders of other...
Oil prices fall, weighed down by dollar, China lockdowns
Oil prices fall, weighed down by dollar, China lockdowns
Source: Reuters
9/05/2022 8:29:01 PM
Indian equities running a marathon; Sensex doubled despite Covid-led shock India's equity market has not looked back ever since the sharp correction witnessed in the initial 21 days of stringent nationwide lockdown imposed in late March 2020 to curb the spread of Coronavirus. The benchmark Sensex index fell from over 41,000 points to around 27,000 points by early April 2020. But since April 2020, it has consistently risen to pare its sharp losses to reach the pre-pandemic levels by October 2020. And at present, the Sensex is hovering around the 58,000-poin...
Indian equities running a marathon; Sensex doubled despite Covid-led shock
Indian equities running a marathon; Sensex doubled despite Covid-led shock
Source: IANS
25/03/2022 8:59:57 PM
Urban unemployment rate fell to 9.8% in July-September 2021: NSO survey The National Statistical Office (NSO) in its a periodic labour force survey has showed that unemployment rate for persons of age 15 years and above in urban areas dipped to 9.8 per cent in July-September 2021 from 13.2 per cent in the same quarter of the previous year. The joblessness was high in July-September in 2020 mainly due to the staggered impact of lockdown restrictions in the country which were imposed to curb the spread of deadly coronavirus. The unemployment rate for persons of ...
Urban unemployment rate fell to 9.8% in July-September 2021: NSO survey
Urban unemployment rate fell to 9.8% in July-September 2021: NSO survey
Source: Accord Fintech
23/03/2022 10:52:45 AM
Oil prices shrug off Omicron slump, soar to 2-month highs LONDON   - Oil prices hit two-month highs on Wednesday on tight supply and easing concerns about the potential hit to demand from the Omicron coronavirus variant. Federal Reserve Chairman Jerome Powell said on Tuesday the economy of the United States, the world's biggest oil consumer, should weather the current COVID-19 surge with only "short-lived" impacts and was ready for the start of tighter monetary policy. Brent crude futures were up 42 cents, or 0.5%, at $...
Oil prices shrug off Omicron slump, soar to 2-month highs
Oil prices shrug off Omicron slump, soar to 2-month highs
Source: Reuters
12/01/2022 7:16:29 PM
Oil prices steady as supply concerns offset Omicron fears LONDON - Oil prices were little changed on Monday as concerns over oil supply from Kazakhstan and Libya were offset by demand fears stoked by the rapid global rise in Omicron coronavirus infections. Brent crude fell 11 cents, or 0.1%, to $81.64 a barrel at 1442 GMT while U.S. West Texas Intermediate (WTI) crude was down 13 cents, or 0.1%, at $78.77. Both contracts had risen by about 50 cents earlier in the session. Oil prices gained 5% last week after protests in Kazakhstan disrupted...
Oil prices steady as supply concerns offset Omicron fears
Oil prices steady as supply concerns offset Omicron fears
Source: Reuters
10/01/2022 8:56:09 PM
India cuts growth estimates for 2021/22 amid surging COVID cases NEW DELHI - India cut its forecast for economic growth in the year to the end of March to 9.2% on Friday from an earlier outlook of more than 10%, as disruptions due to the Omicron variant of coronavirus hit consumer sentiment and economic activity. The new forecast for real GDP in 2021/22 compares with a contraction of 7.3% in 2020/21 - the fastest expansion among the major economies, the Ministry of Statistics https://mospi.gov.in said when releasing its first advance estimates for natio...
India cuts growth estimates for 2021/22 amid surging COVID cases
India cuts growth estimates for 2021/22 amid surging COVID cases
Source: Reuters
7/01/2022 8:07:22 PM
Indian economic growth not be impacted much by Omicron: official NEW DELHI  - The Omicron wave of coronavirus is unlikely to have much impact on India's economic growth, not more than of 5-10 basis points, a senior government official said on Thursday. "India is much better prepared to cope with new wave of coronavirus," Anurag Jain, secretary at the department for promotion of industry and internal trade, told reporters.
Indian economic growth not be impacted much by Omicron: official
Indian economic growth not be impacted much by Omicron: official
Source: Reuters
6/01/2022 8:37:50 PM
Dollar extends gains versus yen as investors bet on Fed rate hikes LONDON - The U.S. dollar extended gains against Japan's yen on Tuesday, hitting new five-year highs as investors bet that the fast-spreading Omicron coronavirus variant would have limited economic impact and that the Federal Reserve would hike rates. In the second trading day of 2022, global markets extended the upbeat moves seen on Monday. The dollar's gains were helped by a rise in U.S. treasury yields, with the U.S. 10-year yield hitting a six-week high. At 1158 GMT, the d...
Dollar extends gains versus yen as investors bet on Fed rate hikes
Dollar extends gains versus yen as investors bet on Fed rate hikes
Source: Reuters
4/01/2022 8:14:14 PM
Oil prices slip after China cuts import quotas LONDON  - Oil prices eased on Thursday after the world's top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up despite soaring Omicron coronavirus infections. Brent crude futures fell 27 cents, or 0.3%, to $78.96 a barrel at 1322 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 36 cents, or 0.5%, to $76.20 a barrel after six straight sessions of gains. Oil prices pared earlier ga...
Oil prices slip after China cuts import quotas
Oil prices slip after China cuts import quotas
Source: Reuters
30/12/2021 7:10:25 PM
Omicron, dollar gains stall world stocks' rally LONDON  - A seven day rally in world stocks ran out of steam on Thursday as the spread of Omicron worldwide clouded bumper year-to-date gains, dented oil prices and boosted the dollar. Sentiment was supported, however, by signs that governments, despite coronavirus cases hitting record highs, are trying to limit the economic damage by relaxing rules on isolation rather than resorting to lockdowns. MSCI's global equity index has managed a 17% gain for the year, led by rises of 2...
Omicron, dollar gains stall world stocks' rally
Omicron, dollar gains stall world stocks' rally
Source: Reuters
30/12/2021 6:43:01 PM
Wall Street set for mixed open as investors weigh up Omicron impact LONDON  - European shares edged higher on Wednesday and U.S. stock futures pointed to a mixed open for Wall Street, as more countries announced restrictions to reduce the spread of the Omicron variant but investors bet that the impact would be limited. Europe's STOXX 600 was up 0.1% on the day 1232 GMT and the MSCI world equity index, which tracks shares in 50 countries, was up 0.2%. But Wall Street futures were mixed, with S&P 500 e-minis up 0.1% but Nasdaq futures in the ...
Wall Street set for mixed open as investors weigh up Omicron impact
Wall Street set for mixed open as investors weigh up Omicron impact
Source: Reuters
22/12/2021 6:56:01 PM
Policy support still essential; inflation to ease - India MPC minutes MUMBAI  - India's retail inflation may rise in the near-term but is likely to moderate, while slack in some of the key areas of growth warrant continued policy support, members of the monetary policy committee wrote in the December meeting minutes. "There is growing uncertainty regarding the evolving global macroeconomic outlook," wrote Shaktikanta Das, governor at the Reserve Bank of India, which published the minutes on Wednesday. "On the domestic front, even a...
Policy support still essential; inflation to ease - India MPC minutes
Policy support still essential; inflation to ease - India MPC minutes
Source: Reuters
22/12/2021 6:50:44 PM
Dollar recovers some overnight losses; euro extends gains LONDON  - The U.S. dollar recouped some overnight losses and the euro gained for a second day on Tuesday as risk sentiment recovered partially after a selloff in global markets. Major currencies held within well-worn trading ranges, however, as a surge in cases of the Omicron coronavirus variant forced countries to reimpose restrictions, raising concerns over the near-term economic outlook. Risk appetite took a blow on Monday after U.S. Senator Joe Manchin, a moderate Democrat who ...
Dollar recovers some overnight losses; euro extends gains
Dollar recovers some overnight losses; euro extends gains
Source: Reuters
21/12/2021 7:07:12 PM
Global stocks buoyed by rebounding appetite for risk LONDON   - World shares gained on Tuesday as investors weighed up how badly the Omicron coronavirus variant would hit the global economy, with the dollar softening as appetite for riskier assets made a cautious return. The broader Euro STOXX 600 rose as much as 1.1%, with Germany DAX's adding 1% and London's FTSE climbing 0.9%. Semiconductor and chip stocks grabbed the limelight, with ASML Holding, ASM International, and STMicroelectronics up between 1.2-1.7% after a p...
Global stocks buoyed by rebounding appetite for risk
Global stocks buoyed by rebounding appetite for risk
Source: Reuters
21/12/2021 6:56:02 PM
Oil prices rise but Omicron worries linger LONDON   -Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors' appetite for risk improved, although they remained cautious amid the rapid spread of the Omicron coronavirus variant across the globe. Brent crude was up 84 cents, or 1.2%, at $72.36 a barrel by 1117 GMT, and U.S. West Texas Intermediate (WTI) crude rose 95 cents, or 1.4%, to $69.56 a barrel. "After a rough couple of days, crude prices are rebounding as much of the COVID...
Oil prices rise but Omicron worries linger
Oil prices rise but Omicron worries linger
Source: Reuters
21/12/2021 6:48:15 PM
Omicron uncertainty prompts WEF to delay Davos summit to mid-2022 ZURICH   - The World Economic Forum (WEF) on Monday postponed its annual meeting in Davos due to the spread of the Omicron coronavirus variant, putting off the event scheduled for January until mid-2022. A month before world business and political leader were due to gather in the Swiss ski resort, its organisers said they had decided to postpone in light of continued uncertainty over Omicron, adding the event was now planned for "early summer". Davos, which in the pa...
Omicron uncertainty prompts WEF to delay Davos summit to mid-2022
Omicron uncertainty prompts WEF to delay Davos summit to mid-2022
Source: Reuters
20/12/2021 9:17:41 PM
Dollar steady, riskier currencies fall on Omicron fears LONDON   - Currencies including the Australian dollar and British pound fell on Monday on fears further curbs could be imposed in Europe to contain the Omicron coronavirus variant. With last week's slew of major central bank meetings out of the way, investors turned their focus to the rapid spread of the variant. The Netherlands went into lockdown on Sunday and local newspapers in Italy reported that new restrictions were being considered there too. "Investor risk ...
Dollar steady, riskier currencies fall on Omicron fears
Dollar steady, riskier currencies fall on Omicron fears
Source: Reuters
20/12/2021 6:50:49 PM
Oil prices slide as rapid Omicron spread dims fuel demand outlook LONDON   - Oil prices slumped by $2 on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new mobility restrictions to combat its spread could hit fuel demand. Brent crude futures fell by $2.01, or 2.7%, to $71.51 a barrel by 1208 GMT while U.S. West Texas Intermediate (WTI) crude futures were down $2.20, or 3.1%, at $68.66. "Simply put, it is not a case of if but when governments impose tougher restrict...
Oil prices slide as rapid Omicron spread dims fuel demand outlook
Oil prices slide as rapid Omicron spread dims fuel demand outlook
Source: Reuters
20/12/2021 6:32:22 PM
Dollar jumps as Omicron spreads amid rate-hike talk NEW YORK  - The dollar rose on Friday as traders retreated from riskier currencies amid talk of interest rate hikes by central bankers and concerns about the spread of Omicron cases. The dollar index against major currencies rose 0.7%, recouping all of the value it had lost on Thursday following a series of central bank policy statements. The euro and British pound fell 0.8% and 0.6%, respectively, after having booked gains the two previous days. The euro stood at $1.1239 and ...
Dollar jumps as Omicron spreads amid rate-hike talk
Dollar jumps as Omicron spreads amid rate-hike talk
Source: Reuters
18/12/2021 6:58:01 PM
Dollar struggles after central banks show their hands LONDON  -The dollar remained under pressure on Friday at the end of a week in which major central banks laid out plans to unwind pandemic-era stimulus, with the Bank of England surprising markets with a rate hike. The different paths they took underlined deep uncertainties about how the fast-spreading Omicron coronavirus variant will hit the global economy, and the central banks' differing views on an inflation surge that is landing hard in the United States and Britain, but less ...
Dollar struggles after central banks show their hands
Dollar struggles after central banks show their hands
Source: Reuters
17/12/2021 7:30:36 PM
Oil prices head for weekly loss on Omicron uncertainty LONDON   - Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand. Brent crude futures fell $1.26, or 1.6%, to $73.76 a barrel at 1206 GMT while U.S. West Texas Intermediate (WTI) crude futures dropped $1.23, or 1.7%, to $71.15 a barrel. Brent and WTI are both headed for a 1.7% loss this week. In Denmark, South Africa and Britain, the number of new Omicron cases ...
Oil prices head for weekly loss on Omicron uncertainty
Oil prices head for weekly loss on Omicron uncertainty
Source: Reuters
17/12/2021 7:18:16 PM
Oil prices slip 1% on bets that crude supply growth will exceed demand By Sonali Paul and Florence Tan MELBOURNE  -Oil prices fell for a third day straight on Wednesday on growing expectations that supply growth will outpace demand growth next year, even though the Omicron coronavirus variant is not seen curbing mobility as sharply as earlier COVID-19 variants. U.S. West Texas Intermediate (WTI) crude futures fell 82 cents, or 1.2%, to $69.91 a barrel at 0413 GMT, after losing 56 cents in the previous session. Brent crude futures fell 71 cents, or ...
Oil prices slip 1% on bets that crude supply growth will exceed demand
Oil prices slip 1% on bets that crude supply growth will exceed demand
Source: Reuters
15/12/2021 11:00:17 AM
Stocks cling to gains ahead of slew of cenbank meetings LONDON  - European shares clung to gains on Tuesday while Wall Street looked set to fall, as investors nervously eyed the spread of the Omicron variant of the coronavirus and sat on the sidelines before numerous central bank decisions due this week. Despite fears that Omicron is spurring another round of government restrictions that will slow economic growth, stock markets have held up well and rebounded fast - the S&P 500 last week enjoyed its strongest week since early February....
Stocks cling to gains ahead of slew of cenbank meetings
Stocks cling to gains ahead of slew of cenbank meetings
Source: Reuters
14/12/2021 7:47:56 PM
Oil edges up towards $75, Omicron concerns dominate LONDON   -Oil prices edged higher towards $75 a barrel on Tuesday after the International Energy Agency (IEA) said that the new Omicron coronavirus variant was set to dent the global demand recovery. Brent crude oil futures rose 27 cents, or 0.36%, to $74.66 a barrel by 1231 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.32%, to $71.52. "The surge in new COVID-19 cases is expected to temporarily slow, but not upend, the recovery in oil dem...
Oil edges up towards $75, Omicron concerns dominate
Oil edges up towards $75, Omicron concerns dominate
Source: Reuters
14/12/2021 7:39:09 PM
Oil fall as Omicron risks weigh LONDON  -Oil fell on Monday as new concerns about the Omicron coronavirus variant and doubts around the effectiveness of vaccines against it were weighing on prices. Brent fell 78 cents, or 1%, to $74.37 a barrel by 1227 GMT, and U.S. West Texas Intermediate (WTI) was down 72 cents, or 1%, at $70.95 a barrel. Both benchmarks posted gains of about 8% last week, their first weekly gain in seven. "The major oil contracts registered decent weekly gains, but it is noticeable tha...
Oil fall as Omicron risks weigh
Oil fall as Omicron risks weigh
Source: Reuters
13/12/2021 7:17:03 PM
Oil prices on track for biggest weekly gain since August LONDON  - Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant's impact on global economic growth and fuel demand. The Brent and WTI benchmarks were both on course for gains of more than 7% this week, their first weekly gain in seven, even after a brief bout of profit-taking. Brent crude futures were up 66 cents, or 0.9%, at $75.08 a barrel by 1141 GMT after falling 1.9% on...
Oil prices on track for biggest weekly gain since August
Oil prices on track for biggest weekly gain since August
Source: Reuters
10/12/2021 7:16:38 PM
U.S. stock futures, oil rise before U.S. inflation data LONDON - U.S. stock futures indicated a higher Wall Street and oil rallied on Friday ahead of U.S. inflation data, although the mood was wary after a bumper week for many risky assets. World stocks were on course for their best week since March 2021 and oil for its biggest weekly gain since late August, helped by signs the Omicron coronavirus variant might not be as economically disruptive as feared. But markets were cautious on Friday ahead of November's U.S. consumer price index ...
U.S. stock futures, oil rise before U.S. inflation data
U.S. stock futures, oil rise before U.S. inflation data
Source: Reuters
10/12/2021 6:26:50 PM
Oil down on Omicron restrictions and China fears LONDON  -Oil prices fell on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant and a ratings downgrade for two Chinese property developers that stoked fears over the economic health of the world's biggest oil importer. Brent crude futures fell 65 cents, or 0.9%, to $75.17 a barrel by 1422 GMT after touching a peak of $76.70. U.S. West Texas Intermediate (WTI) crude futures were down 62 cents, or 0.9%, at $71.74 after hitting a session...
Oil down on Omicron restrictions and China fears
Oil down on Omicron restrictions and China fears
Source: Reuters
9/12/2021 8:01:23 PM
Oil slips after restrictions to counter Omicron variant LONDON - Oil prices eased after early gains on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant, though losses were capped by positive comments from vaccine makers about the efficacy of their jabs. Brent crude futures fell 47 cents, or 0.6%, to $75.35 a barrel by 1004 GMT after touching a peak of $76.70. U.S. West Texas Intermediate (WTI) crude futures fell 31 cents, or 0.4%, to $72.05 after a session high of $73.34. "Although l...
Oil slips after restrictions to counter Omicron variant
Oil slips after restrictions to counter Omicron variant
Source: Reuters
9/12/2021 6:37:27 PM
Oil steadies near $76 as investors assess Omicron's impact LONDON -Oil prices steadied below $76 a barrel in choppy trade on Wednesday, extending strong gains this week, as investors assessed the impact of the Omicron coronavirus variant on the global economy and fuel demand. Brent crude futures were up 32 cents, or 0.4%, to $75.76 a barrel at 1220 GMT, after earlier falling by more than $1. U.S. West Texas Intermediate crude was at $72.17 a barrel, up 12 cents or 0.2%, having also declined below $71 earlier in the session. After falling by ...
Oil steadies near $76 as investors assess Omicron's impact
Oil steadies near $76 as investors assess Omicron's impact
Source: Reuters
8/12/2021 6:49:11 PM
Oil climbs $2 on easing Omicron fears and Iran delayC LONDON - Oil prices rose $2 on Tuesday, extending the previous day's almost 5% rebound, as concerns over the impact of the Omicron coronavirus variant on global fuel demand eased and Iran nuclear talks stalled, delaying the return of Iranian crude. Brent crude futures were up $1.97, or 2.7%, at $75.05 a barrel by 1205 GMT, having registered a 4.6% gain on Monday. U.S. West Texas Intermediate crude was up $2.25, or 3.2%, at $71.74, building on a 4.9% gain in the previous session. ...
Oil climbs $2 on easing Omicron fears and Iran delayC
Oil climbs $2 on easing Omicron fears and Iran delayC
Source: Reuters
7/12/2021 6:23:01 PM
Equity rally wavers as Omicron keeps investors humble LONDON -Stocks markets wavered on Friday, with European shares just holding onto gains as the possibility of more COVID-linked activity curbs and an accelerated pace of stimulus tapering by the U.S. Federal Reserve kept investors on edge. Wall Street futures were a tad weaker and Asian tech stocks took a hit from news that Chinese ride-hailing giant Didi will move its stock market listing from New York to Hong Kong. European shares could not make up their minds, flitting between positiv...
Equity rally wavers as Omicron keeps investors humble
Equity rally wavers as Omicron keeps investors humble
Source: Reuters
3/12/2021 6:32:00 PM
Global shares decline on Omicron uncertainty NEW YORK / LONDON - Global shares fell Thursday, reversing gains from the previous session as a lack of information about the Omicron coronavirus variant left markets volatile, while crude oil futures extended losses. Global equity markets first dropped on fears over the new variant on Friday last week, and have since see-sawed as investors weighed up the possible impact of countries imposing travel restrictions in response to concerns Omicron may be more contagious than previous variants....
Global shares decline on Omicron uncertainty
Global shares decline on Omicron uncertainty
Source: Reuters
2/12/2021 8:33:42 PM
Oil rises as investors await OPEC+ decision LONDON  -Oil prices rose on Thursday as investors awaited an OPEC+ decision on supply policy amid fears that the Omicron coronavirus variant could hit fuel demand. Brent crude futures rose 26 cents, or 0.4%, to $69.13 a barrel by 1315 GMT while U.S. West Texas Intermediate (WTI) crude futures gained 25 cents, or 0.4%, to $65.82. Global oil prices have lost more than $10 a barrel since last Thursday, when news of Omicron first shook investors. The Organization of the Petroleum Ex...
Oil rises as investors await OPEC+ decision
Oil rises as investors await OPEC+ decision
Source: Reuters
2/12/2021 7:01:19 PM
OPEC+ oil output decision in the balance as Omicron hammers prices LONDON  - OPEC and its allies will decide on Thursday whether to release more oil into the market or restrain supply amid big gyrations in crude prices, a U.S. release from oil reserves and fears over the new Omicron coronavirus variant. Brent has tumbled to about $70 a barrel, down from October's three-year highs above $86. Prices in November registered their biggest monthly decline since the start of the pandemic as the Omicron variant raised fears of a glut. [O/R] The Organi...
OPEC+ oil output decision in the balance as Omicron hammers prices
OPEC+ oil output decision in the balance as Omicron hammers prices
Source: Reuters
2/12/2021 6:40:10 PM
European shares drop as Omicron keeps markets volatile LONDON  - European stock indexes fell on Thursday, reversing gains from the previous session as a lack of information about the Omicron coronavirus variant left markets volatile, but Wall Street futures pointed to a slightly stronger open in the U.S. session. Markets first dropped on fears over the Omicron variant on Friday last week, and since then have see-sawed as investors weighed up the possible impact of countries imposing new travel restrictions, amid signs that the new variant...
European shares drop as Omicron keeps markets volatile
European shares drop as Omicron keeps markets volatile
Source: Reuters
2/12/2021 6:26:16 PM
Oil prices rally ahead of OPEC meeting despite Omicron concerns LONDON  - Oil prices rallied on Wednesday after recent sharp drops as major producers started to discuss future output against the backdrop of the Omicron variant of the coronavirus triggering fresh travel restrictions which could dampen oil demand. Equity markets, which often move in tandem with oil prices also rebounded as investors bought the previous session's dip in the hope that Omicron would not derail an economic recovery. Brent crude futures for February rose $2.1...
Oil prices rally ahead of OPEC meeting despite Omicron concerns
Oil prices rally ahead of OPEC meeting despite Omicron concerns
Source: Reuters
1/12/2021 7:43:15 PM
Oil rebounds to above $76 on speculation Omicron-related drop overdone LONDON  -Oil rebounded by more than 5% on Monday to above $76 a barrel as some investors viewed Friday's slump in oil and financial markets on concern about the Omicron coronavirus variant as overdone. Top officials from the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, which meets this week, echoed that view, with the Saudi energy minister quoted as saying he was not worried about Omicron. The World Health Organisation has said it could take...
Oil rebounds to above $76 on speculation Omicron-related drop overdone
Oil rebounds to above $76 on speculation Omicron-related drop overdone
Source: Reuters
29/11/2021 8:15:58 PM
Investors cling to hope as Omicron spreads, shares rebound LONDON - A semblance of calm returned to world markets on Monday as investors waited for more details to assess the severity of the Omicron coronavirus variant on the world economy, allowing battered stocks and oil prices to rebound. European shares rallied over 1%, U.S. stock futures pointed to a firm Wall Street open, oil prices bounced more than $3 and safe-haven bonds lost ground as markets latched onto hopes the new variant of concern would prove milder than initially feared. News ...
Investors cling to hope as Omicron spreads, shares rebound
Investors cling to hope as Omicron spreads, shares rebound
Source: Reuters
29/11/2021 6:28:23 PM
Moody's revises outlook for Indian banking system to stable from negative Moody's has revised the outlook for the Indian banking system to stable from negative suggesting that the deterioration of asset quality since the onset of the coronavirus pandemic has been moderate and an improving operating environment will support asset quality. In its banking system outlook, Moody's Investors Service said that India's economy will continue to recover in the next 12-18 months with GDP growing 9.3 per cent in the fiscal year ending March 2022 and 7.9 per cent...
Moody's revises outlook for Indian banking system to stable from negative
Moody's revises outlook for Indian banking system to stable from negative
Source: IANS
19/10/2021 1:42:58 PM
Oil gains as energy demand rises; WTI tops $80 TOKYO - Oil prices rose on Monday, extending multiweek gains, amid supply restraint from major producers and growing demand for fuels as economies try to recover from the coronavirus pandemic. Brent crude was up 81 cents, or 1%, at $83.20 a barrel by 0212 GMT, after gaining almost 4% last week. U.S. oil was up $1.15, or 1.5%, at $80.50 a barrel, the highest since late 2014. U.S. crude rose 4.6% through Friday. Prices have risen as more vaccinated populations are brought out of lock...
Oil gains as energy demand rises; WTI tops $80
Oil gains as energy demand rises; WTI tops $80
Source: Reuters
11/10/2021 8:53:58 AM
Global Covid-19 caseload tops 231.1 mn The global coronavirus caseload has topped 231.1 million, while the deaths have surged to more than 4.73 million and vaccinations soared to over 6.04 billion, according to the Johns Hopkins University. In its latest update on Saturday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload, death toll and vaccination tally stood at 231,105,748, 4,736,892 and 6,045,775,206, respectively. The US continues to be the worst-hi...
Global Covid-19 caseload tops 231.1 mn
Global Covid-19 caseload tops 231.1 mn
Source: IANS
25/09/2021 10:55:32 AM