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KUALA LUMPUR/NAIROBI: Joe Biden's U.S. presidential election win has raised hopes of resettlement for refugees from Asia to Africa, many in countries where they are denied work and education and have no formal status
NEW YORK: The S&P 500 posted a modest loss and the Nasdaq closed sharply lower on Tuesday as promising news regarding an effective COVID-19 vaccine led investors away from market leaders and toward cyclical stocks associated with economic recovery.
BRUSSELS/BERLIN: The European Union will impose tariffs on up to US$4 billion of U.S. imports in retaliation for U.S. subsidies for Boeing, but said on Monday it was hopeful of an improvement in trade ties under U.S. President-elect Joe Biden.
WASHINGTON: When he enters the White House in January, Joe Biden will likely stick with the Trump administration's harsh policies toward Chinese tech giants like Huawei Technologies, bowing to anti-China sentiment among U.S. lawmakers from both parties
NEW YORK: The S&P 500 and the blue-chip Dow indices followed world equity indexes higher and U.S. Treasury yields surged on Monday, as progress in the development of a coronavirus vaccine sparked a surge of optimism that the global economy will stage a solid recovery as life returns to normal,
Advisers view Biden as rational, multilaterally-minded leader
NEW YORK: Financial markets appear to have moved a long way toward pricing in the US election outcome and may shift focus back to vaccine progress and the broader growth outlook, according to Goldman Sachs Group Inc.
NEW YORK: Stocks surged around the world and bonds tumbled after a large-scale coronavirus vaccine study delivered the most-promising results in the battle against the worst pandemic in a century.
NEW YORK: Futures tracking the S&P 500 hit a record high on Monday after U.S. drugmaker Pfizer said its experimental vaccine was more than 90% effective in preventing COVID-19 based on initial data from a large study.
(Reuters) - Pfizer Inc said on Monday its experimental COVID-19 vaccine was more than 90% effective, a major victory in the fight against a pandemic that has killed more than a million people, battered the world's economy and upended daily life.