Category : World News

Category : World News - Today

Goldman Hikes S&P 500 Forecast on Vaccine Optimism and Financial Rebound Hopes

Inventory analysts at Goldman Sachs have boosted their forecasts for U.S. equities, pushed by expectations of a sharp financial rebound in 2021 and a rollout by yr's end of a COVID-19 vaccine. In a analysis word circulated to shoppers, Chief U.S. Equ...

Lumber Shortages, Document Prices Adding Hundreds to House Development Costs

Supply shortages of framing lumber and oriented strand board (OSB) are harming the USA' financial recovery and its burgeoning housing market, the National Affiliation of Residence Builders (NAHB) says. The group careworn, in a letter to President Don...

Oil & Fuel Restoration Slows as Drilling Dips, Service Job Losses Rise

A report released Tuesday by Norwegian power consultants Rystad Power indicates that new horizontal drilling permits throughout america dipped to a 10-year low in July, with the sector unlikely to recuperate this yr. As well as, Rystad's analysis of...

World Stocks Rise, Markets Guess on US Congress Stimulus Deal

LONDON—World stocks inched to five-and-a-half month highs on Tuesday, lifted by bets a U.S. fiscal stimulus package deal can be reached and by signs Sino-U.S. tensions have eased forward of an important round of trade talks. Whereas buyers took cheer...

Oil Larger on Hopes for US Stimulus, Demand Recovery

LONDON—Crude oil costs rose on Tuesday, underpinned by expectations of a U.S. stimulus to assist jumpstart the world's largest oil shopper, a rebound in Asian demand as economies reopen, and a stronger inventory market. Brent crude added 29 cents, or...

Chinese Companies Think about Delisting From NYSE, Nasdaq as US Strain Grows

WASHINGTON—A rising variety of Chinese corporations are contemplating delisting from the U.S. inventory exchanges as Washington will increase its crackdown on overseas corporations that fail to comply with U.S. audit requirements. Chinese on-line tra...

BP Halves Dividend After Report Loss, Hurries up Reinvention

LONDON—BP reduce its dividend for the first time in a decade after a report $6.7 billion second-quarter loss, when the coronavirus crisis hammered gasoline demand, and it sought to win over buyers by rushing up its reinvention as a decrease carbon fi...

World Shares Hit 5-Month High; European Shares, Dollar Falter

LONDON—European shares fell after opening greater, following a combined bag of earnings results, while the greenback's rebound stalled as buyers waited for progress in talks on government help in america. Robust U.S. manufacturing knowledge boosted s...