Market Overview - Page 246

Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in.

Stocks in Asia-Pacific were mixed in Wednesday trade after major indexes on Wall Street surged to record highs overnight. Hong Kong’s Hang Seng index was fractionally lower by the afternoon. Trading of Xiaomi shares in Hong Kong was suspended. Reuters.

Former Federal Reserve Chair Janet Yellen has been nominated by President-elect Joe Biden as his Treasury secretary — a position that would make her, if confirmed by the Senate, a critical figure in U.S. trade negotiations with China. U.S.-China tensions.

The Libra Association put together by Facebook last year is rebranding in further efforts to distance itself from the original Facebook-led vision rolled out last year. The group, composed of 27 member firms, announced Tuesday it was changing its name.

While you’ve been watching the price of bitcoin soar to an all-time high, another cryptocurrency has been quietly staging a comeback of its own. Ether, the world’s second-largest virtual currency by market value, is up about 350% since the start.

Stock markets have returned to growth at the start of the new month. The pressure at the end of November was caused by the desire to grab some profit after a month of stellar growth. Similar pressure was exerted on.

Bitcoin’s price hit an all-time high in the past 24 hours, trading as much as $19,850, according to CoinDesk 20 data. The price then dipped and was at $19,436 as of press time.  “Institutional inflows may have been much of.

Asian factories recovered further in November from the COVID-19 crisis, surveys showed on Tuesday, thanks to a boom in economic powerhouse China which has enabled the region to withstand the pandemic better than many of its peers. China’s factory activity.

Asian share markets began the new month with a bang on Tuesday, buoyed by the prospect of a COVID-19 vaccine fueling a global economic recovery, buoyant Chinese factory activity and expectations of continuing fiscal and monetary support. MSCI’s broadest index.

The Federal Aviation Administration said it supported the “first mass air shipment” of Covid-19 vaccines, as pharmaceutical companies and airlines prepare networks for broad distribution.

OPEC has warned that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers failed to come to an agreement over an extension to its production cut agreement. OPEC and.

Major Chinese companies that are crucial to Beijing’s global trade and infrastructure projects are under threat as U.S.-China tensions escalate — and that could mean more risks for American investors, according to research firm TS Lombard. Last month, U.S. President.