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LONDON: British retail sales bounced back weakly in December as shops in England emerged from November's four-week lockdown to slow the spread of COVID-19, while public borrowing this financial year has hit a fresh record high.
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.
BEIJING: China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic raged unabated.
KUALA LUMPUR: Bursa Malaysia opened the week lower, led by a fall in bank stocks as speculation over a further interest rate cut by Bank Negara weighed on sentiment in the sector.
PETALING JAYA: Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara’s overnight policy rate (OPR) announcement on Wednesday.
ROME: Italy forecasts its debt to soar to a new post-war record level of 158.5% of gross domestic output (GDP) this year, surpassing the 155.6% goal it set in September, a government source told Reuters on Saturday.
WASHINGTON: President Donald Trump's administration said on Friday Vietnam's actions to push down the value of its currency are "unreasonable" and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs.
NEW YORK: Wall Street closed lower on Thursday after making a u-turn toward the end of the session as reports emerged about U.S. President-elect Joe Biden's pandemic aid proposal following earlier data that showed a weakening labor market