Aviation and tourism stocks dominated gains in Singapore on Tuesday after the city-state pledged more fiscal support for the hard-hit sectors, while a likely flare-up in U.S.-China tensions pressured most Asian currencies.
Copper prices slipped in holiday-thinned trade on Tuesday as the U.S. dollar pared losses, but the metal hovered near 2012 highs on the back of firm demand prospects and a tight supply outlook.
Singapore will set aside a further S$11 billion in a COVID-19 support package this year, its finance minister Heng Swee Keat said on Tuesday, as part of his budget announcement, extending last year’s unprecedented fiscal response to the pandemic.
Copper prices advanced to their highest level in nearly nine years on Tuesday, boosted by optimism about a global economic recovery that bodes well for metal demand while supply is expected to remain tight.
The Chilean and Colombian currencies were near one-month highs on Monday as copper and oil prices gained on bets that a global economic recovery this year would bolster demand for commodities.
A subsidiary of Italy's Maire Tecnimont will execute the front-end engineering design for biofuels producer Essential Energy USA Corp for a potential biorefinery in South America, the Italian industrial group said in a statement on Monday.
ProSiebenSat.1 Media is seeking a buyer for its online beauty retailer Flaconi, a source familiar with the matter said on Monday, as Chief Executive Rainer Beaujean seeks to streamline the German broadcasting group.
Chile's peso scaled a near one-month peak on Monday as copper prices soared, while rising oil prices saw crude exporter Colombia's peso extend gains to a fourth straight session.
Germany wants Europe and the United States to strengthen transatlantic ties with a trade deal to abolish industrial tariffs, a WTO reform to increase pressure on China and a joint carbon-emission trading system to protect the climate.
Copper prices jumped to their highest since 2012 on Monday as investors continued their buying spree on concerns over rising inflation and stronger than expected demand in top metals consumer China.
French Finance Minister Bruno Le Maire said on Monday that talks between France and the European Union (EU) were continuing regarding further state aid for Air France, one of many airlines around the world hit hard by the COVID-19 pandemic.
FXEmpire.com - The major Asia-Pacific stock indexes finished higher on Monday with Japan leading the charge as markets in China, Hong Kong and Taiwan remained closed for the Lunar holiday. In Japan, the benchmark Nikkei 225 surged past the 30,000 level for the first time in more
France's BNP Paribas said on Monday it would not finance customers producing or buying beef or soybeans from land in the Amazon cleared or converted after 2008.
French bank BNP Paribas said on Monday it would not finance customers producing or buying beef or soybeans from land cleared or converted after 2008 in the Amazon.
Benchmark copper leapt to its highest level in more than eight years on Monday, building on last week's solid gains driven by expectations of stronger demand and tight supply.
Dubai Airports' chief executive warned on Monday it would be another tough year for the Middle East's busiest hub, Dubai International, after passenger numbers slid 70% in 2020.
Passenger numbers at the Middle East's busiest airport, Dubai International, slumped by 70% to 25.9 million last year as the COVID-19 pandemic crippled the travel industry, its operator reported on Monday.
Indonesia posted a bigger-than-expected $1.96 billion trade surplus in January as exports surged while imports remained weak amid measures to contain the spread of the coronavirus, data from the statistics bureau showed on Monday.
Indonesian state-controlled miner PT Aneka Tambang is planning to increase its nickel ore output to 8.44 million wet metric tonnes (WMT) in 2021, the company said in a statement issued late on Saturday.
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