LONDON (Reuters) -Hedge funds sold petroleum for the seventh time in nine weeks, as rising coronavirus infections in the major oil-consuming markets dampened hopes for an early resumption of long-haul passenger aviation.FILE PHOTO: A pumpjack is seen in Fellows, California, April 3, 2010. REUTERS/Lucy NicholsonHedge funds and other money managers sold the equivalent of 40 million barrels in the six […]
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Futures pointed to a mixed open for Asia-Pacific stocks. Pfizer and BioNTech's Covid-19 vaccine became the first in the U.S. on Monday to be granted full approval by the Food and Drug Administration. Reuters reported that the U.S. Securities and Exchange Commission has began issuing new disclosure requirements to Chinese firms looking to list in New York. SINGAPORE — Shares […]
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KABUL/WASHINGTON (Reuters) -With thousands of desperate Afghans and foreigners crowding into Kabul airport in the hope of fleeing Afghanistan’s new Taliban rulers, pressure grew on U.S. President Joe Biden on Monday to extend the deadline for the evacuation operation. Biden on Sunday warned that the evacuation was going to be “hard and painful” and a lot could still go wrong. […]
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Check out the companies making headlines in midday trading. Boeing — Shares of Boeing jumped more than 2% after Virgin Orbit, a satellite-launching spinoff of Sir Richard Branson's Virgin Galactic, announced it will go public at a $3.7 billion valuation. Boeing is set to invest in the deal's private investment in public equity round. Virgin Orbit is combining with special purpose acquisition […]
Read more(Updates prices, adds market background) LONDON, Aug 23 (Reuters) – Euro zone bond yields rose on Monday as world stocks rebounded from last week’s selloff and a closely watched gauge of business activity suggested that the bloc’s economy is holding up well and price pressures are rising. IHS Markit’s euro zone Flash Composite Purchasing Managers’ Index, seen as a good […]
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(Reuters) – The U.S. drug regulator on Monday granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, making it the first to secure such Food and Drug Administration validation as health authorities struggle to win over vaccine skeptics during a relentless pandemic.FILE PHOTO: A vial labelled with the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine is seen in this illustration picture […]
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(Reuters) -U.S. existing home sales increased for the second consecutive month in July as inventories improved moderately, while prices eased from the prior month’s record level.FILE PHOTO: A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey/File PhotoExisting home sales increased 2.0% to a seasonally adjusted […]
Read moreInvestor predicts Federal Reserve won’t issue major policy shift Lane Generational founder and managing partner Fred Lane argues nothing ‘major’ will come from the Fed’s upcoming Jackson Hole meeting. U.S. stock indexes snapped back Monday morning as investors looked ahead to a key Federal Reserve event that could lay out the framework for the central bank to begin tapering its […]
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The Bombay Stock Exchange building is seen from a facade in Mumbai, India, May 16, 2018. REUTERS/Francis Mascarenhas/FilesBENGALURU (Reuters) – India’s benchmark indexes ended higher in volatile trading on Monday, as gains in technology stocks outweighed losses in auto and consumer stocks. The blue-chip NSE Nifty 50 index ended 0.28% higher at 16,496.45, while the benchmark S&P BSE Sensex was […]
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