Pressured by strict U.S. sanctions, Venezuela's oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro.
Some global hedge fund investors are going into 2021 optimistic about a speedy snap-back from the economic challenges related to the coronavirus pandemic.
Investors have been weighing a major political unknown since the November election that could ripple through asset prices: control of the Senate.
NEW YORK: Activist investor Carl Icahn has sold more than half his stake in Herbalife Nutrition back to the company for US$600 million at US$48.05 a share and has given up the five seats on the firm's board held by his representatives, Herbalife said in a statement. Icahn had a...
HONG KONG: Optimism about the economic outlook in 2021 helped Asian investors kick off the new year Monday (Dec 4) on a positive note, as hopes surrounding the rollout of COVID-19 vaccines offset a frightening surge in infections. With uncertainty over Brexit and a new US stimulus gone, sights...
CGS-CIMB has reiterated its "overweight" call on Singapore's banking sector in anticipation of a pickup in business activity and credit growth in 2021.
LONDON: Britain faced the first true test of its Brexit preparations on Monday (Dec 4), with thousands of lorries expected to make the Channel crossing for the first time since the country left the EU's single market and customs union. Britain left the EU's institutions late Thursday, but light ......
In a standoff between farmers from India's northern breadbasket and the government that has convulsed the country, the farmers have a 21st-century ally: a handful of supporters scattered around the world running a Twitter handle.
Asian factory activity expanded moderately in December thanks to robust demand in regional giant China, business surveys showed on Monday, the latest sign that manufacturers are emerging from the initial damage of the COVID-19 pandemic.
Bitcoin traded at US$33,176 in Asia on Monday, after soaring to a record high of US$34,800 on Sunday as investors continue to bet the digital currency is on its way to becoming a mainstream payment method.
