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US labor market roars back; full recovery still years away
WASHINGTON: The U.S. economy created more jobs than expected in February as falling new COVID-19 infections and additional pandemic relief money from the government boosted hiring at restaurants and other services businesses, firmly putting the labor market recovery back on track.
Twin sisters score Japan’s hottest IPO by making games for women
To the growing list of things that make gaming startup Coly Inc unusual, it can add one of the best market debuts in recent Japanese history.
A US$9bil Mizuho fund sparks review of Japan’s ESG labels
TOKYO: A popular environmental, social, and governance (ESG) fund in Japan managed by Morgan Stanley and sold by Mizuho Financial is triggering an industry-wide review by regulators who are looking into new rules for mutual funds to protect investors from possible “greenwashing.”
Asian equities advance but inflation, correction worries persist
HONG KONG (AFP): Asian markets rose Wednesday (March 3) following the previous day's losses but investors remain on guard over a possible correction as concerns about asset bubbles and a surge in inflation continue to play against progress in fighting coronavirus.
Human Writes: Whither global solidarity in the face of Covid-19?
Humanity needs to come together globally to ensure everyone is vaccinated as soon as possible. Otherwise we risk the virus mutating to render the vaccines ineffective, sending us back to square one.
Jumia expands in online Africa food delivery in quest for profit
Jumia Technologies AG is expanding in online food delivery as the pioneering Africa e-commerce business looks to grow beyond its main market of trading phones and electronics.
Overseas Filipino Workers' remittances to grow 7% in 2021
MANILA (Philippine Daily Inquirer/ANN): Cash remittance flows to the Philippines would again buck the projected prolonged global downtrend this year and grow by as much as 7 per cent to support a rebound in household spending, financial giant Morgan Stanley said.
Absent guidance takes shine off Europe’s stellar earnings season
LONDON: With Europe’s results season wrapping up, the main takeaway has been not the broadest earnings beat in about 14 years, but rather a dearth of guidance from many companies on a still uncertain future.
Galaxy asset management unit reaches US$1.2bil in size
TORONTO: Billionaire investor Mike Novogratz’s Galaxy Digital Holdings Ltd has said its asset management unit has grown to about US$1.2bil after launching new products, including a bitcoin mutual fund in partnership with Canada’s CI Financial Corp.
Oil price settles mixed amid post-storm uncertainty
NEW YORK: Oil prices settled near year-long highs on Tuesday on signs that global coronavirus restrictions were being eased, although concerns about the pace of a U.S. economic recovery and the return of Texas oil production kept gains in check.
