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Новости экономики

Oil extends losses as rising COVID-19 cases fuel demand concerns

Oil prices extended losses on Wednesday on worries that rising coronavirus cases heading into the northern winter would lead to…

Alibaba cloud division to be profitable within FY2021: CFO

Chinese tech giant Alibaba ‘s (N:BABA) cloud unit expects to be profitable within 2021, a senior executive said on Wednesday. Maggie Wu,…

OPEC’s Barkindo sees OECD oil stocks below five-year average after first quarter of 2021

Commercial oil inventories in OECD countries are expected to stand slightly above the five-year average in the first quarter of…

Dollar Rises, PMI Woe & Tesla’s Flat Battery – What’s up in Markets on Wednesday

The dollar hits a two-month high as the global economy stutters; Jerome Powell’s back in Congress for another day, Tesla…

Oil and Gold vulnerable after Monday declines

Oil pares losses, for now Oil prices are recovering some losses after coming under heavy selling pressure on Monday at…

Gold Consolidates Without Big Loss Despite Dollar Index Hitting 94

It was an event that should have sent gold well below $1,900. But the surge of the Dollar Index to two-month highs…

Dow Futures Rise 116 Pts Ahead of Fed, Retail Sales

U.S. stocks are set to open higher Wednesday amid growing confidence about the global recovery, although gains will be tempered…

Hurricane Outages Provide Temporary Relief For Oil Markets

Oil prices rose on hurricane outages on Tuesday morning, although the release of the OPEC and IEA monthly market reports…

Trump Administration Shocks Oil Industry With Biofuel Waiver Decision

After shocking the oil industry with last week’s extension to a coastal drilling ban offshore Florida, Georgia, and a handful…

Reliance offers Amazon $20 billion stake in retail arm: Bloomberg News

Indian oil-to-telecoms conglomerate Reliance Industries (NS:RELI) is offering to sell a roughly $20 billion stake in its retail arm to Inc…

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