Reuters) -Pfizer Inc and its German partner BioNTech SE on Tuesday filed an application with U.S. regulators seeking emergency use authorization for a second booster shot of their COVID-19 vaccine for people aged 65 and older. The submission to the U.S. Food and Drug Administration includes data collected in Israel, where a second booster is …
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S&P 500 loses earlier gains, Dow rises Ukraine and Russia report rare progress at peace talks Benchmark 10-year yields reach two-and-a-half year high Oil prices fall to two-week low U.S. dollar dips New York, March 14 (Reuters) – Oil prices fell and European stocks rose on Monday as investors weighed positive comments from ceasefire talks …
Continue reading “Oil falls on Ukraine peace hopes, U.S. Treasury yields rise”
(Bloomberg) — Europe tried to leave Covid-19 behind, but the rush to unwind restrictions is now setting the stage for a revival of pandemic risks. Accelerated by the emergence of BA.2 — a more-transmissible strain of the omicron variant — the virus has spread rapidly. Germany has set fresh records for infection rates for four …
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Major stock markets in mainland China extended losses deep into Tuesday’s session as the negative sentiment prevailed prompted by coronavirus-related lockdowns across the country which halted work in major business hubs. Stocks across Asia-Pacific markets tumbled overall despite positive industrial production and retail sales data from China. The Shanghai Composite lost 3.28% or 105 points …
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(Bloomberg) — Germany’s coronavirus infection rate hit a record for the third straight day on Monday, with the renewed surge prompting the country’s top health official to issue a grim warning. Covid-19 cases climbed to 1,543 per 100,000 people over seven days, continuing its steady rise since the beginning of March, according to data from …
Continue reading “Germany Raises Alarm as Covid Infections Surge to Record Levels”
There’s arguably never a good time for the COVID-19 pandemic to make a comeback but the surging cases in China over the weekend come at a moment when the global economy could do without another layer of stress to its already stretched supply chains. This morning, Chinese stocks fell as domestic COVID-19 cases jumped to …
Most share markets firmed and oil slid on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting continued to rage, while bond markets braced for rate rises in the United States and UK this week. SYDNEY, March 14 (Reuters) – Most share markets firmed and oil slid on Monday on hopes for …
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LONDON (Reuters) – Russia said on Sunday that it was counting on China to help it withstand the blow to its economy from Western sanctions, which it said had frozen nearly half of its gold and foreign currency reserves. “We have part of our gold and foreign exchange reserves in the Chinese currency, in yuan. …
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Russian missiles struck a military center in western Ukraine near Poland as bombing of major cities intensified and Moscow warned that convoys of military aid from the West are “legitimate targets.” The Russian military continues to target sites ringed around Ukraine’s capital, Kyiv, and fierce fighting has been reported. Prime Minister Denys Shmyhal said Ukraine …
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Two weeks since Russia began Europe’s biggest conflict since World War II, businesses across the continent are already in varying stages of despair at the consequences on livelihoods. A crisis of human suffering in Ukraine, whose wider economic impact prompted European Central Bank officials to quicken their withdrawal from stimulus this week, is affecting prosperity …
Continue reading “Shockwaves Spread as Europe’s Economy Reels at Energy Fallout”