Article contentOil prices climbed on Tuesday on hopes the United States will expand pandemic aid payments, a move that could spur fuel demand and stimulate economic growth.U.S. West Texas Intermediate (WTI) crude futures settled 38 cents, or 0.8% ...
Aluminium hits lowest level in a month, copper climbs
Article contentAluminum prices touched their lowest level in a month on Tuesday as investors worried that rising production would add to surpluses, while copper rose on hopes a U.S. aid package would boost economic activity.Three-month aluminum o ...
Alibaba increases share repurchase program to $10 bln, shares fall
Article contentShares of Alibaba Group Holding Ltd listed in Hong Kong fell on Monday over 7% to HK$212.20 ($27.37) after the company raised its share repurchase program to $10 billion from $6 billion.“This Share Repurchase Program will be effect ...
Asian stocks and pound cheer Brexit, Alibaba slumps on monopoly probe
Article content continuedThe potential for a Brexit deal boosted sterling, which rose 0.3% to $1.3535. The pound held steady at 90.20 pence per euro.The pound also drew support after France lifted its ban on freight coming from Britain, which it ...
Kuwait’s Post-Election Cabinet Has New Finance, Oil Ministers
Article contentKuwait’s prime minister appointed a cabinet including new faces at the oil and finance ministries, days after voters eager for change in the energy-rich nation tossed out half of parliament.Khalifa Hamada was appointed minister of ...
U.S. gaming platform Roblox to delay IPO until next year
Article contentU.S. gaming platform Roblox Corp has put off its planned initial public offering (IPO) until next year as it works with advisers to improve the process to benefit employees and investors, the company told employees in a memo seen by ...
Five-fold jump in carbon tax would help Liberals reach climate targets, but may challenge competitiveness
Article content continuedTombe said that, based on existing research, a $170 per tonne carbon tax would lead to an emissions reduction of approximately 150 million tonnes, or a 25 per cent cut in the country’s total emissions.“Basically, that’s ...
Data from Pfizer/BioNTech, Moderna for COVID-19 vaccines ‘very robust’
Article contentThe data submitted to the European Medicines Agency (EMA) by Pfizer/BioNTech and Moderna for their COVID-19 vaccine candidates is “very robust,” its executive director said on Thursday.“We have a data set of over 30,000 subjects wh ...
Private equity firms, investors sign global initiative on diversity
Article contentNearly 50 buyout firms and investors have signed a global initiative that aims to improve diversity and inclusion among their ranks, a U.S. private equity investor association said on Monday.The move comes as Wall Street tries to s ...
Federal agency finds no wrongdoing in Kodak loan
Article contentA federal agency found no wrongdoing concerning the stalled U.S. government loan to Eastman Kodak Co , the Wall Street Journal reported on Sunday. The inspector general for the U.S. International Development Finance Corp (DFC), which ...