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‘Unstoppable’ luxury stocks remind some investors of US tech
THE coronavirus pandemic is still raging throughout large parts of the world and China is facing a resurgence of the outbreak, yet investors keep pushing luxury-goods stocks higher, undeterred by near-record valuations.
Platts Market Insight: Oil markets watch the virus-vaccine tug-of-war
As the race between humans and virus gathers pace, the oil markets can only watch this tug-of-war between a rapidly spreading COVID-19 and a patchy vaccine deployment playing out.
The perk that fuelled UK Covid housing boom is as good as gone
LONDON: The UK housing market’s recession-defying surge is about to face a reality check.
China's economy picks up speed in Q4
BEIJING: China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic raged unabated.
Better than you think
OVER the recent holidays. I met up with many friends, most wearing a protective face mask in a rather relaxed observance of social-distancing guidelines.
Insight - These US$4,400 sneakers are the new stilettos
ON A chilly, gray afternoon, what strikes shoppers in the Jimmy Choo’s store on rue Saint-Honoré in Paris aren’t the Avril stiletto shoes with Swarovski crystals that sell for €3,495 (US$4,250) but rather the pair of crystal-encrusted Diamond black sneakers that are €100 more expensive.
Soybeans at 6-1/2-year top on expectations of tightening stocks
CHICAGO: U.S. soybean futures resumed their rally on Friday after a light setback a day earlier, climbing to 6-1/2-year highs on signs of fresh export demand and expectations that key U.S. crop reports next week will indicate tightening global supplies.
Oil prices little changed before Opec+ resumes meeting on Feb output levels
SINGAPORE: Oil prices were little changed on Tuesday before deadlocked talks between major producers about potential changes in February output are set to continue later in the day while fuel demand concerns lingered amid new COVID-19 lockdowns.
Gold hits two-month high as yields face pressure
NEW YORK: Gold powered above US$1,900 an ounce to hit the highest level in almost two months, aided by a weaker dollar, after posting the biggest annual advance in a decade.
