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Thursday, August 5, 2021



Oil prices rise on Mideast tensions; crude stock build caps gains

SINGAPORE — Oil prices edged higher on Thursday, supported by tensions in the Middle East, but failed to regain most of the previous day’s losses after a surprise build in crude stockpiles in the United States, the world’s top oil consumer. Brent crude oil futures rose by 14 cents, or 0.2%, to $70.52 a barrel […]

Gold dips on dollar strength, Fed official’s rate comment

Gold prices inched lower on Thursday after the dollar firmed and remarks from a top U.S. Federal Reserve official signaled the possibility of bringing forward policy tightening. FUNDAMENTALS * Spot gold fell 0.1% to $1,810.50 per ounce by 0110 GMT. U.S. gold futures were down 0.1% at $1,812.40. * Bullion prices rose more than 1% […]

Japan considers expanding COVID-19 curbs as surges strain hospitals

TOKYO — Japan proposed on Thursday expanding emergency restrictions to eight more prefectures to fight a surge in COVID-19 cases, a cabinet minister said, as worries grow about strains on the nation’s medical system in Olympics host Tokyo and elsewhere. Coronavirus infections are surging at an unprecedented pace as new cases hit record highs in […]

U.S. automakers to say they aspire to up to 50% of EV sales by 2030 -sources

WASHINGTON — Detroit’s Big Three automakers plan to announce on Thursday that they aspire to have 40% to 50% of new vehicle sales by 2030 be electric models as they call for billions in U.S. government assistance to meet aggressive targets, sources briefed on the matter said. The White House is planning an event on […]

Roller coaster ride for EM currencies to roll on: Reuters poll

JOHANNESBURG/BENGALURU (Reuters) - Short-term volatility in emerging markets currencies will linger as the jury is still out on the timing of U.S. stimulus tapering...

China reports 85 new coronavirus cases for Aug 4 vs 96 previous day

BEIJING — China reported on Thursday 85 new confirmed coronavirus cases in the mainland for Aug. 4, down from 96 a day earlier, according to the National Health Commission. Of the new infections, 62 were locally transmitted, the health authority said. That compares with 71 local cases a day earlier. China reported 54 new asymptomatic […]

U.S. State Dept probing whereabouts of $5,800 bottle of whisky given to Pompeo

A notice from the State Department's Office of the Chief of Protocol dated July 22 listing gifts to U.S. federal employees from foreign governments...

Dollar firms as Fed members talk of tightening

SYDNEY — The dollar was poised to push higher on Thursday as hawkish comments from the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe and Japan remain distant prospects. The euro was down at $1.1837, having recoiled from a top of $1.1899 overnight […]

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