Stock Market & Investment News

NEW YORK: Wall Street’s major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve’s withdrawal of support all while they grappled with uncertainty around the Omicron coronavirus variant. Read full story

ONCE again the discovery of a new Covid-19 variant is wreaking havoc on the financial markets, albeit of a smaller magnitude. Read full story

NEW YORK: U.S.-listed shares of Alibaba, Baidu, JD.com and other Chinese firms fell on Friday as ride-hailing giant Didi Global Inc’s decision to delist from the New York Stock Exchange added to worries over stricter regulatory scrutiny at home and tense Sino-U.S. relations. Read full story

HONG KONG: Just five months after its debut, ride-hailing giant Didi Global said it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its U.S. IPO. Read full story

NEW YORK: Crude prices ended little changed on Friday after erasing earlier big gains on growing worries that rising coronavirus cases and a new variant could reduce global oil demand. Read full story

TORONTO: Omicron-fuelled market swings appear to have made November the worst month for global hedge fund performance since the virus first shut down economies at the start of the COVID-19 pandemic. Read full story

WASHINGTON: The International Monetary Fund is looking at all of its research processes in order to ensure the Fund’s data integrity in the wake of a data-rigging scandal at the World Bank, Managing Director Kristalina Georgieva said. Among the issues being examined is whether the IMF’s growth projections for countries with IMF loan programs are […]