Global Markets

Tesla Shares Set To Start 2021 At Record High

Tesla Shares Set To Start 2021 At Record High

Reuters | Monday January 04, 2021

Shares of the company, which joined the benchmark S&P 500 index in December, were up 3 per cent in premarket trading.

Alibaba's $10-Billion Buyback Plan Fails To Halt Stock Slide

Alibaba's $10-Billion Buyback Plan Fails To Halt Stock Slide

Reuters | Tuesday December 29, 2020, Beijing/Hong Kong

Alibaba 's upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma's e-commerce and financial empire

Gold Set For Worst Month Since 2016 Amid COVID-19 Vaccine Optimism

Gold Set For Worst Month Since 2016 Amid COVID-19 Vaccine Optimism

Reuters | Monday November 30, 2020

Optimism over a swift vaccine-fuelled economic recovery dented allure for safe havens.

S&P Global To Buy IHS Markit In Mega $44-Billion Deal, Largest Merger Of 2020

S&P Global To Buy IHS Markit In Mega $44-Billion Deal, Largest Merger Of 2020

Reuters | Monday November 30, 2020

The mega deal is a sign that deal-making activity is accelerating as breakthroughs in developing COVID-19 vaccines improve the economic outlook

Asian Markets Hit Record Highs As Vaccine Hopes Dampen Coronavirus Fears

Asian Markets Hit Record Highs As Vaccine Hopes Dampen Coronavirus Fears

Reuters | Monday November 16, 2020, Sydney

MSCI's broadest index of Asia-Pacific shares outside Japan gained 1 per cent to hit its highest since its launch in 1987 with markets across the region making milestone peaks.

Crude Oil Surges On COVID-19 Vaccine, Production Cut Hopes

Crude Oil Surges On COVID-19 Vaccine, Production Cut Hopes

Reuters | Monday November 09, 2020, London

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the OPEC+ deal on oil output cuts could be adjusted if there is consensus among members of the group.

Crude Oil Rate Surges 10% To $43 Per Barrel, Biggest Single-Day Jump In 6 Months

Crude Oil Rate Surges 10% To $43 Per Barrel, Biggest Single-Day Jump In 6 Months

Edited by Sandeep Singh (with inputs from agencies) | Monday November 09, 2020

Crude oil rates surged more than 10 per cent on Monday in their biggest single-day gain in six months, on hopes of a COVID-19 vaccine and a cut in output by top producers. Brent crude futures - the global benchmark for crude oil - soared to quote at $43.48 per barrel at the strongest level recorded during the session compared to their previous close. That marked an increase of $4.03 per barrel - or 10.22 per cent - at the intraday high, compared to Friday's close of $39.45 per barrel.

Billionaire Jack Ma's Empire In Turmoil As China Halts Ant Group's IPO

Billionaire Jack Ma's Empire In Turmoil As China Halts Ant Group's IPO

Lulu Yilun Chen and Richard Frost, Bloomberg | Wednesday November 04, 2020

Chinese authorities have abruptly thrown into doubt the future of Ant Group Co. and its celebrated founder, the billionaire Jack Ma.

China's Halt Of Ant Group IPO "Necessary, Reasonable" To Curb Risks: Report

China's Halt Of Ant Group IPO "Necessary, Reasonable" To Curb Risks: Report

Reuters | Wednesday November 04, 2020, Shanghai

Beijing's surprise actions on Tuesday thwarted the world's largest stock market debut with just days to go, in a dramatic blow to the financial technology firm founded by billionaire Jack Ma.

Here's Everything You Need to Know About Ant Group's Pulled IPO

Here's Everything You Need to Know About Ant Group's Pulled IPO

David Scanlan, Bloomberg | Wednesday November 04, 2020

The company will have to boost capital and reapply for national licenses before the sale can go ahead.

China Blocks Jack Ma's $35-Billion Ant IPO, World's Biggest

China Blocks Jack Ma's $35-Billion Ant IPO, World's Biggest

Lulu Yilun Chen and Richard Frost, Bloomberg | Tuesday November 03, 2020

The Shanghai stock exchange will suspend the listing after Jack Ma was called in for "supervisory interviews" by related agencies, it said in a statement Tuesday.

Gold Prices Drop As Investors Await US Election Results

Gold Prices Drop As Investors Await US Election Results

Reuters | Tuesday November 03, 2020

Gold, which is seen as a hedge against inflation and currency debasement, has gained over 24% so far this year on unprecedented stimulus measures.

Goldman Money Funds' Liquidity Buffer Swells Before US Election

Goldman Money Funds' Liquidity Buffer Swells Before US Election

Reuters | Saturday October 31, 2020, Boston

Stocks have swung significantly in recent days and more volatility is expected in the wake of the US election.

Chevron, Exxon Shrink Spending As Coronavirus Impacts Demand

Chevron, Exxon Shrink Spending As Coronavirus Impacts Demand

Reuters | Saturday October 31, 2020

Exxon posted its third straight quarter of losses on Friday and reduced spending plans for the coming year.

Global Stock Markets Decline As Coronavirus Infection Rate Weighs

Global Stock Markets Decline As Coronavirus Infection Rate Weighs

Reuters | Friday October 30, 2020, London

A strong central bank-fuelled bounce back from the initial pandemic slide earlier in the year has faltered this week.