Commodities
Eli Lilly gets EUA for new antibody 'cocktail', which may cut deaths by 70%
Eli Lilly has clinched Emergency Use Approval in the US for an antibody treatment 'cocktail' that may reduce the risk of hospitalisation and death in high-risk patients by as much as 70%.
No evidence yet of 'inflationary psychology', University of Michigan says
Consumer confidence in the US picked up a tad in late February, but middle-income families were not overly confident regarding the prospects for a quick rebound in the economy, findings from a key survey revealed.
Chicago PMI ticks lower in February
Economic activity in the Chicago area deteriorated more than expected in February, according to data released on Friday.
US carries out air strikes in Syria
President Joe Biden on Thursday ordered a US military air strike in eastern Syria against facilities that are backed by Iranian militia.
KAZ Minerals posts rise in full-year sales on the back of higher commodity prices
KAZ Minerals reported modest full-year topline growth on the back of higher commodity prices, which more than offset lower output and sales volumes.
Plant-based food startup Next Gen raises $10m in funding round
Singapore’s plant-based food startup Next Gen just raised $10m in a seed funding round from investors.
US weekly jobless claims drop below 800,000
US jobless claims in the week ended 20 February came in shy of economists' forecasts on Thursday, according to the Department of Labor.
Biden to sign executive order to address global semiconductor chip shortage
President Joe Biden is set to sign an executive order on Wednesday to address a global semiconductor chip shortage that has automakers around the world, including those in the US, forced to cut production.
BBVA considers cutting 3,000 jobs from Spanish workforce
Spain's BBVA is considering cutting around 3,000 jobs in the country, reported Expansión on Wednesday.
SpaceX raises $850m in fresh funding round
SpaceX’s new $850m in fresh funding was confirmed in a Securities and Exchange Commission report filed on Wednesday.
German economy fares better than expected in fourth quarter
The German economy fared better than expected in the final months of 2020, official data showed on Wednesday, although growth was sharply lower on the previous quarter.
EU Commission asks six member states to ease Covid-19 border restrictions
The European Commission asked six member states on Tuesday to curb their Covid-19 restrictions regarding borders and international travel.
2150 launches $240m fund to reduce largest cities' carbon footprint
A new venture capital fund “2150”, with a budget of $240m, is set to launch with the aim of reducing the carbon footprint of the world's largest cities by investing in green tech.
Federal Reserve's Powell says monetary policy will remain 'accommodative'
The head of the US central bank said policy would remain "accommodative" until labor market slack had been absorbed, potentially pointing to an extended period of low interest rates.
Over 6,500 migrant workers have died in Qatar as it readies for World Cup
More than 6,500 migrant workers from India, Pakistan, Nepal, Bangladesh and Sri Lanka have died in Qatar in the last 10 years since the country won the right to host the World Cup, reported the Guardian on Tuesday.
Eurozone inflation rebounds sharply in January
Eurozone inflation rebounded in January, according to official data released on Tuesday, ending months of falling prices.
German business sentiment improves in February
German business sentiment improved in February despite the Covid-19 lockdown, according to a survey released on Monday by the Ifo Institute.
US existing home sales edge past forecasts in January
Second-hand sales of homes edged past forecasts last month.
S&P downgrades Shell's long-term debt on risks from energy transition
One of the world's top credit rating agencies downgraded Royal Dutch Shell's long-term debt on the back of the expected challenges from the transition to sustainable technologies.
Eurozone business activity falls but sentiment picks up
Business activity in the eurozone fell for a fourth straight month in February but sentiment picked up as Covid-19 vaccines raised hopes about an economic revival.