ANALYSIS-U.S. stocks' bear market growl could beckon recession
NEW YORK: The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often come hand-in-hand with recession. Read full story
Stock Market & Investment News
-
-
EU states step up pressure on Pfizer to cut unneeded COVID vaccine supplies
BRUSSELS: European Union governments are intensifying pressure on Pfizer PFE.N and other COVID-19 vaccine makers to renegotiate contracts, warning millions of shots that are no longer needed could go to waste, according to EU officials and a document. Read full story
-
Aluminium extends losses on fears recession would hit demand
LONDON: Aluminium prices deepened losses on Tuesday as investors worried that renewed lockdowns in top consumer China and a potential global recession could slash demand for metals. Read full story
-
Bitcoin stems heavy losses but pessimism reigns in crypto markets
LONDON: Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class. Read full story
-
Lynas gets US$120mil Pentagon contract for US rare earths project
Australia’s Lynas Rare Earths LYC.AX has signed a US$120 million follow-on contract with the U.S. Department of Defense to build a commercial heavy rare earths separation facility in Texas, the firm said on Tuesday. Read full story
-
ANALYSIS-Weak pound and forceful Fed pressure Bank of England to act big
LONDONL With Britain’s currency sinking and the U.S. Federal Reserve poised to raise borrowing costs aggressively, Bank of England policymakers may suddenly feel pressured to announce an outsized interest rate hike of their own this week. Read full story
-
-
-
-
-
-