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SEOUL: South Korean shares ended at a record high on Tuesday, with Samsung Electronics leading gains, as COVID-19 vaccine developments and U.S. President-elect Joe Biden receiving formal approval for his White House transition boosted sentiment.
SINGAPORE: Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition.
TOKYO: The yen was on the back foot while riskier currencies were supported on Tuesday on rising optimism following news U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary.
WILMINGTON, Del./WASHINGTON: U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary, putting a woman in the job for the first time, according to two Democratic allies.
SHANGHAI: Asian shares rose on Monday, pushing a broad regional index to a record high as investors pinned their hopes for economic revival on coronavirus vaccines, even as the world contends with surging case numbers and delays to fresh U.S. stimulus.
BEIJING: Leaders of the 20 biggest economies have vowed to ensure a fair distribution of Covid-19 vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling to recover from the coronavirus pandemic.
BEFORE the coronavirus gouged holes in US prosperity in March, the economy was sailing along nicely. There’s not much debate about that. There is, however, plenty of disagreement about how much credit should go to the policies enacted during President Donald Trump’s term
WASHINGTON: General Electric Co (GE) and a Vietnamese company have signed a memorandum of understanding (MoU) to develop a liquified natural gas power plant, according to GE and a senior Trump administration official.