Tag: global

Euro Slides as Austria’s Fourth National COVID-19 Lockdown Begins

November 22, 2021
AustriaBusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesCOVID-19economic policiesEconomieseconomyeuroEuropeForexglobalinflationInternationalInvestmentlockdownMarket WatchMarketsUKUSUS NewsWorld
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London—The euro fell on Monday to trade close to a 16-month low on growing concerns over the impact of new COVID-19 restrictions in Europe, with Austria starting a full lockdown and Germany considering following suit. Austria began its fourth lockdown, the first introduced since vaccines became widely available, shutting Christmas markets, bars, cafes, and theatres….

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Global Companies Set to Deliver Record Dividends This Year

November 19, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CompaniesdividendsEconomieseconomyEuropeglobalInternationalInvestmentLocal NewsMarketsNew YorkRegional-Local NewsUKUSUS NewsWorld
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Global corporate dividends are set to reach a record high this year, as a rebound in business activity and a rise in consumer demand boosted profits for most sectors which were hit by the pandemic last year. According to a Reuters analysis of Refinitiv data for 3,394 global companies with market capitalization of at least…

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Euro Slumps as Austria Reimposes Lockdown; Dollar Flying High

November 19, 2021
AmericasAsia & PacificAustriaBusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesDollareconomic policiesEconomieseconomyeuroEuropeForexglobalGold & CommoditiesinflationInternationalInvestmentlockdownMarket WatchMarketsUKUSWorld
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LONDON—The euro slumped on Friday to near 16-month lows after Austria became the first country in western Europe to reimpose a full lockdown and Germany did not rule out doing the same. The single currency has been on the back foot all week, pressured by growing expectations that interest rates will be tightened faster elsewhere,…

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Oil Drops Below $80 on European COVID-19 Concerns

November 19, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompaniesCOVID-19economic policiesEconomieseconomyEuropeEuropeanExecutive BranchglobalGold & CommoditiesInternationalLocal NewsMarket WatchMarketsMiddle EastNew YorkOilPoliticsRegional-Local NewsTexasUSUS NewsWorld
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LONDON—Oil prices dropped below $79 a barrel on Friday as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool energy prices. Brent crude was down $2.44, or 3 percent, at $78.80 a barrel by 1110…

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Global Shares Mixed After US Stocks Fall Back

November 18, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsSharesstocksUKUSUS NewsUSAWorld
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TOKYO—Global shares were mixed Thursday after stock indexes shuffled lower on Wall Street. France’s CAC 40 edged up nearly 0.2 percent in early trading to 7,167.47. Germany’s DAX gained 0.2 percent to 16,275.17. Britain’s FTSE 100 fell 0.2 percent to 7,277.41. The future for the Dow industrials was trading 0.2 percent higher, while the future…

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Global Investors Ending 2021 ‘Risk-On’: BofA

November 16, 2021
BofABusiness & EconomyBusinesses in COVID-19CompaniesEconomieseconomyglobalGold & CommoditiesinflationInternationalInvestmentinvestorsLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsriskTechUSUS NewsWorld
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MILAN—Investors are heading towards the end of the year in a “risk-on” mood, having reduced cash allocations and lifted their overweight position on U.S. stocks to the highest since August 2013, BofA Securities’ monthly fund manager survey showed. Inflation remains the biggest tail risk for markets but a majority of 61 percent believes it is…

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Global Share Rally Pauses as China Property Weighs, US Data Loom

November 5, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KongInternationalInvestmentMarketsMiddle EastpropertyshareUKUSUS NewsWorld
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HONG KONG/LONDON—A share rally that has lifted stocks to record levels in recent days lost momentum on Friday, weighed down by renewed uncertainty over China’s property sector and as markets paused for breath ahead of U.S. jobs data due later in the day. The U.S. dollar gained against sterling, which took a beating after the…

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Global Shares Mixed as Investors Await Central Bank Moves

November 2, 2021
Asia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeFedglobalHK BusinessHong KongInternationalInvestmentinvestorsMarket WatchMarketsMiddle EastMixedSharesUSUS NewsWorld
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TOKYO—Global shares were mixed Tuesday amid cautious trading ahead of a policy meeting by the U.S. Federal Reserve. France’s CAC 40 rose 0.2 percent to 6,904.57, while Germany’s DAX gained 0.2 percent to 15,837.55. Britain’s FTSE 100 dipped 0.5 percent to 7,254.78. The future for the Dow industrials inched less than 0.1 percent lower to…

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Strong Tech Support Could Help Sell Congress on Global Tax Rules: Yellen

November 1, 2021
Business & EconomyCompaniescongressEconomieseconomyEuropeExecutive BranchglobalInternationalIrelandJanet YellenMedia & Big TechPoliticstaxTechUSUS NewsWorld
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DUBLIN—U.S. Treasury Secretary Janet Yellen said she expected U.S. tech giants to broadly support the reallocation of taxing rights agreed to by nearly 140 countries as part of a broader deal on global taxes, saying the impact on U.S. companies should be minor. Yellen told Reuters on Sunday the support of the big global players…

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Global Supply Chain Logjams, Costs in Focus as Restaurant Chains Report Earnings

October 26, 2021
Business & EconomychainsCompaniesearningsEconomieseconomyglobalInternationalRestaurantsupplyUSUS NewsWorld
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NEW YORK—Investors hope to gauge the impact of the global supply-chain logjam on restaurant expansion plans when McDonald’s Corp., Starbucks Corp., and Yum Brands Inc. report capital expenditures in their earnings this week. Skyrocketing prices for kitchen equipment—as well as for labor, food, and other goods—are prompting some U.S. restaurant chains to curtail opening plans…

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