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Oil price rises on US vaccine rollout, Middle East tension
NEW YORK: Oil prices rose on Monday on optimism over the pace of coronavirus vaccinations in the United States and after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites.
Goldman risk group examines 2021 market events for lessons
NEW YORK: Goldman Sachs Group Inc executives are examining how well the bank navigated several major market events this year that caused extreme volatility, people familiar with the matter told Reuters.
Singapore central bank unlikely to tighten policy
However, it could flag the risk of higher inflation, rates
Powell says economy poised for stronger growth
NEW YORK: Federal Reserve chair Jerome Powell says the US economy is at an “inflection point” with stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support, but Covid-19 remains a threat.
Oil inches higher but rangebound as Covid-19 cases soar
Oil prices edged higher in rangebound trade on Monday on optimism about a rebound in the U.S. economy as vaccinations accelerate, but rising COVID-19 cases in other parts of the world kept a lid on prices.
Asian shares decline on vaccine, virus worries
Asian shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccination efforts are making scant headway.
Fed chair says cyberattacks main risk to US economy
Federal Reserve chairman says a large-scale cyberattack now a bigger worry than a repeat of the 2008 financial crisis.
Insight - The comeback of the bottom half
WHICH part of the US wealth distribution saw its net worth rise the fastest over the past year, five years and decade? No, not the top 1%, according to the distributional financial accounts published last month by the Federal Reserve.
GLOBAL MARKETS-S&P 500, Dow scale new heights, Treasury yields rise on strong inflation data
NEW YORK: The S&P 500 and the Dow notched record closing highs on Friday after solid U.S. inflation data and an uptick in Treasury yields suggested the economic recovery from the pandemic-related recession was gaining momentum.
