BERLIN—German industrial orders grew more than expected in December, data showed on Friday, with a boost from stronger domestic demand a cause for optimism for the growth outlook of Europe’s largest economy. Orders for goods grew 2.8 percent on the month in seasonally adjusted terms after a revised increase of 3.6 percent in November, figures…
Strong Domestic Demand Boosts German Industrial Orders in December
February 4, 2022
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Nasdaq Profit Beats Estimates on IPO Rush, Investment Products Demand
January 27, 2022
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Nasdaq Inc. on Wednesday reported a nearly 16 percent jump in fourth-quarter profit that topped Wall Street estimates, buoyed by the frenetic pace of U.S. initial public offerings and strong demand for its investment-related products. Technology, healthcare and financial technology companies led the IPO rush during the quarter, that included the stellar debut of Rivian…
US Crude Exports Ramp Up as Global Demand Recovers
NEW YORK—U.S. crude exports are ramping up due to increasing demand from Asia and Europe and recovering U.S. production from the lows of the coronavirus pandemic. Surging worldwide demand, supply outages, and international political tension have stoked worries around crude supplies, boosting oil prices to the highest levels in seven years, with some predicting crude…
Oil Holds Near $85/bbl on Stronger Demand Prospects
LONDON—Oil prices steadied near 2-month highs on Thursday, with Brent crude trading near $85 a barrel buoyed by expectations that a strong economic recovery will boost demand, but rising U.S. inventories and high inflation capped gains. Brent crude futures gained 15 cents, or 0.2 percent, to $84.82 a barrel, by 1024 GMT. U.S. West Texas…
Oil Approaches $82, With Demand Recovery Seen on Track
LONDON—Oil rose to nearly $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. A lack of capacity in some countries has meant that supply additions by the Organization of the Petroleum Exporting Countries (OPEC) are…
Polish Miners Block Coal for Power Plants to Demand Pay Hike
WARSAW, Poland—Miners employed by Poland’s largest coal company blocked deliveries of the fossil fuel to state-run power plants Tuesday to demand higher pay to keep pace with surging consumer prices. Groups of protesters were stopping trains leaving the Halemba mine and other mines of the Polish Coalmining Group in the southern Silesia region. They demanded…
Oil Prices Extend Rise on Reduced Fears of Omicron-Induced Demand Slump
NEW YORK—Oil prices bounced in a light-volume session on Thursday, on signs that the worst effects of the Omicron variant might be more containable than previously feared, even as countries imposed travel restrictions on surging infection levels. The oil market has wavered in recent days over how seriously to take the threat of another slump…
Omicron Travel Restrictions Poised to Dent Oil Demand: IEA
New travel restrictions driven by a rise in COVID-19 infections is poised to slow the recovery in global oil demand, according to a new report from the International Energy Agency (IEA), which dropped its oil demand forecast by 100,000 barrels per day for the remainder of 2021 and all of 2022, mostly due to reduced…
Demand for Office Space Set to Rise in Long Term: Credit Suisse
ZURICH—Demand for office space is set to rise in the long term as the trend toward digitalising work offsets the pandemic-triggered impact of more people working from home, a study by Swiss bank Credit Suisse found. Its analysis of the Swiss office property market showed supply was outstripping demand during the coronavirus pandemic. The home…
Southwest Expects to Be Profitable in Fourth Quarter on Stronger Travel Demand
December 8, 2021
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Southwest Airlines said on Wednesday that it was expecting to be profitable in the fourth quarter on the back of stronger travel demand and fares. It had previously forecast a loss for the quarter, citing mounting costs. The Texas-based carrier, which has had to cancel flights en masse partly due to staff shortages, said it…
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