Venezuelan Oil Exports Crater as OPEC+ Set to Unleash More Crude
Venezuelan oil exports plummeted this month as U.S. sanctions have left some of the South American country’s cargoes stranded in Asia and competition with fellow OPEC+ members is set to heat up. A linchpin of the Venezuelan economy, the sales slumped by about half from November to 231,613 barrels a day, according to shipping reports […]
Oman Plans 2021 Borrowing as Oil Price, Virus Batter Economy
Oman’s government will finance most of its budget shortfall in 2021 by borrowing to plug a fiscal gap battered by a decline in oil prices and the coronavirus pandemic. The Persian Gulf state is looking into borrowing that will cover 73%, or 1.6 billion rials ($4.2 billion), of the country’s 2.2 billion-rial shortfall, with the […]
Tumultuous 2020 Rewards Investors Who Stared Down Turmoil
The bell has just tolled on one of the wildest years in Wall Street history, full of precipitous plunges, improbable rebounds and human tragedy. The S&P 500 ended on an up beat, with a 1.4% gain in the holiday-shortened week. That pushed its 2020 gain to 16%, an ending that would have seemed far-fetched in […]
France will be vigilant on post Brexit deal implementation, minister says
CALAIS, France (Reuters) – France will be vigilant over the implementation of a post Brexit trade deal reached last week between Britain and the European Union, French European Affairs minister Clement Beaune said on Friday. “This deal begins its life today. It will last years, possibly decades. Our demand is that each party respect its […]
Britain Budges on Derivatives in Last-Minute Brexit Relief
(Bloomberg) – Britain’s market watchdog eased restrictions on cross-border derivatives trading in a move to calm fears of market turbulence just hours before the Brexit transition period ends. The Financial Conduct Authority said Thursday it acted to resolve conflicting European Union and U.K. laws that threatened a $200 billion-a-day market in London for interest-rate swap […]
U.K. Housing Boom Pushes Price Growth to Six-Year High
U.K. house price growth rose to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said Wednesday. They increased 0.8% from a month earlier. The housing market has […]
Crypto-Linked Stocks Extend Rally That Produced 400% Gains
Cryptocurrency-linked stocks rose Wednesday as Bitcoin headed for its biggest monthly gain since 2019, extending a rally that’s seen some companies’ shares more than quintuple since the end of October. Marathon Patent Group Inc., which has soared 444% over the past two months, added another 4.4% Wednesday. Riot Blockchain Inc. rose as much as 7.1% […]
Markets positive as Canadian dollar and oil gain on last trading day before Christmas
TORONTO – Hopes for better times in 2021 drove North American stock markets to positive results as an abbreviated trading day ended at 1 p.m. ET on Christmas Eve. In Toronto, the S&P/TSX composite index closed up 30.31 points at 17,623.88 while the loonie and oil and metals prices climbed. American stock market investors ignored […]
Markets shock in 2020 gives way to IPO boom
Stock listings flourish in aftermath of hit from coronavirus pandemic Companies raised more money through stock market listings in 2020 than in any year besides 2007, as a rebound in equities valuations lured in businesses and blank-cheque acquisition vehicles rushed to list in the US. Businesses raised almost $300bn through flotations globally in 2020, including […]
