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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.
NEW DELHI: India’s central bank expects banks’ bad-loan ratios to almost double this year and warned that soaring markets and a weakened economy threaten financial stability.
ZURICH: UBS Group AG chairman Axel Weber reiterated his backing for chief executive officer Ralph Hamers after a probe of his role in a money laundering scandal at his former employer, ING Groep NV, while declining to predict whether the new CEO would stay on.
SYDNEY: Australian retail sales jumped 7.1% in November as shoppers were lured by pre-Christmas sales with the second-most populous state of Victoria emerging out of a lengthy lockdown in a positive omen for the country’s economy.
A BLUE sweep in the U.S. is intensifying Asian stock investors’ conviction in reflation trades much like their global peers as they position their portfolios for the new year.
LONDON: The tin market has started the new year with a bang.
NEW YORK: As one of the most tumultuous years in oil’s history ends, a delicate task now confronts Opec+.
TWENTY twenty was truly exceptional. What many envisioned as the year of transformation for Malaysia unfolded into an annus horribilis of economic contraction, exposed systemic issues and the vulnerable made more fragile by the Covid-19 pandemic.