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THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
LONDON/NEW YORK: A major chunk of the global recovery in companies' earnings expected in the first quarter is at risk of being pushed back further as lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic rebound, investment banks said.
THE world is still struggling to handle the savaging Covid-19 pandemic and the deep economic recession caused by massive lockdown measures as we start the year 2021.
NEW YORK: With uncertainties regarding U.S. elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices this year.
TORONTO: Brookfield Asset Management Inc and a group of investors have offered to acquire the stake in Brookfield Property Partners that they don’t already own, in a US$5.9bil bid to take the real estate company private.
THE bell has just tolled on one of the wildest years in Wall Street history, full of precipitous plunges, improbable rebounds and human tragedy.
SEOUL: The 1,600% jump in a Covid-19 drugmaker loved by retail traders and big gains for electric-vehicle battery suppliers were among the top highlights this year in South Korea’s stock market.
TOKYO: In a surprisingly strong year for initial public offerings globally, Japan’s 2020 market debutantes enjoyed their best opening share performances since the dotCom bubble era, helped by a groundswell of retail investors hungry for tech issues.