US factory activity accelerated to its highest level in nearly 2.5 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new infections are causing bottlenecks in supply chains.
WASHINGTON :U.S. bankruptcy filings for 2020 hit their lowest level since 1986 as a flood of government support programs offset at least temporarily the full brunt of the coronavirus pandemic and a related recession, Epiq AACER reported on Friday.
Saudi Arabia will make voluntary cuts to its oil output in February and March as part of a deal to persuade most OPEC+ producers to hold production steady amid concerns that new coronavirus lockdowns will hit demand.
Goldman Sachs Group expects to have all its staff back at their offices by the end of the year as major drugmakers roll out COVID-19 vaccines, Chief Executive Officer David Solomon said in an interview to Bloomberg Television on Tuesday (Jan 5).
General Motors on Tuesday reported a 4.8per cent rise in U.S. sales for the fourth quarter, boosted by demand for new vehicles during the COVID-19 pandemic, and the automaker signaled that the industry could return to more normal levels in the spring.
U.S. factory activity accelerated to its highest level in nearly 2-1/2 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new infections are causing bottlenecks in supply chains.
The global economy is expected to expand 4 per cent in 2021 after shrinking 4.3 per cent in 2020, the World Bank said on Tuesday, although it warned that rising COVID-19 infections and delays in vaccine distribution could limit the recovery to just 1.6 per cent this year.
Goldman Sachs Group Inc expects to have all its staff back at their offices by the end of the year as major drugmakers roll out COVID-19 vaccines, Chief Executive Officer David Solomon said in an interview to Bloomberg Television on Tuesday.
MOSCOW/LONDON :Top oil producers are nearing a compromise to hold output steady in February, setting aside a possible increase amid fears that new coronavirus lockdowns will further depress demand, four OPEC+ sources told Reuters on Tuesday.
Procter & Gamble and Billie, which sells women's razors and other body care products, have decided to terminate their planned merger agreement, the two companies said in a joint statement on Tuesday (Jan 5).
