International News
US open: Mixed start to trading following vaccine updates
Wall Street trading began on a mixed note on Friday as Covid-19 cases continued to rise across the country.
Chinese money supply growth dips in June, but economists confident
Money supply growth in China cooled last month but some economists were confident that it would prove temporary.
BioNTech chief expects to file for approval of Covid-19 vaccine towards end 2020
The head of German biotechnology outfit BioNTech thinks that his company will be file for regulatory approval of its Covid-19 vaccine before the end of 2020.
Gilead Sciences's Remdesivir may cut Covid-19 risk of death by 62%
Gilead Sciences's Remdesivir antiviral treatment for the novel coronavirus may cut the risk of death by nearly two-thirds.
Drop in food costs weighs on US producer prices in June
Producer prices in the US continued retreating last month amid sharp drops in the cost of food and in retailers' margins.
US's Biden calls for end of era of 'shareholder capitalism'
The Democratic Party's presumptive nominee vowed on Thursday to "put an end" to an era "shareholder capitalism", saying that the days of Amazon not paying federal taxes were numbered.
IEA increases 2020 oil demand forecast but maintains Covid-19 concerns
The International Energy Agency (IEA) raised its 2020 oil demand forecast on Friday but warned the spread of Covid-19 was still a concern and could change the outlook.
US pre-open: Futures point to losses as Covid-19 cases continue to rise
Wall Street futures had stocks opening lower on Friday following a mixed session that saw traders flock to tech shares amid fears around additional lockdown measures.
IMF calls for 'equity-like' government support for firms
The International Monetary Fund chief economist Gita Gopinath called for governments to start “equity-like” support for firms affected by the coronavirus.
TikTok pulls out from Hong Kong, disappears from app stores
TikTok removed its app from stores in Hong Kong on Friday, confirming its withdrawal from the territory over a controversial national security law imposed by China.
Asia report: Markets close weaker as coronavirus cases climb further
Markets in Asia fell across the board on Friday, as the ballooning Covid-19 pandemic continued to cause consternation among investors.