Tag Archives: Hits

Brent Oil Hits Eight-Month High on Hopes for Vaccine in Weeks

CBC B.C. flu cases ‘exceptionally low’ this year As health officials in British Columbia continue to count hundreds of new COVID-19 cases each day, a different respiratory virus is infecting far fewer people this year than normal — influenza.According to Dr. Bonnie Henry, provincial health officer, the province generally sees between 700-800 influenza cases by this time in the flu season. This year that number is only about seven.”We are looking for it and we are not seeing a lot… Source link

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Pfizer/BioNTech press for emergency vaccine use as WHO hits Gilead’s remdesivir

The U.S. has moved one step closer to getting its first COVID-19 vaccine, with BioNTech (BNTX) — Pfizer’s (PFE) development partner — filing for emergency use authorization Friday morning. “Filing in the U.S. represents a critical milestone in our journey to deliver a COVID-19 vaccine to the world and we now have a more complete picture of both the efficacy and safety profile of our vaccine, giving us confidence in its potential,” said Pfizer CEO Albert Bourla. With the coronavirus… Source link

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Milestone for Libya as Oil Output Hits Million Barrels Daily

(Bloomberg) — Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African country after civil war all but shut its energy industry. The OPEC member, home to Africa’s largest crude reserves, ramped up production in the past six weeks amid a truce between rival military forces. It was pumping 800,000 barrels a day last week, and the state-run National Oil Corp. said Saturday that output now exceeds the million-barrel level. That’s the first time the… Source link

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Yandex -3% as pandemic hits Q2 ad revenue (NASDAQ:YNDX)

Shares of Russian internet firm Yandex (NASDAQ:YNDX) are down 3% pre-market in U.S. trading despite beating Q2 estimates on the top and bottom line. Online ad revenue fell 15% Y/Y to RUB29.1M due to the coronavirus pandemic. Revenue from Yandex properties was down 11% (accounting for 49% of revenue), and ad network sales dropped 31% (10% of revenue.) The Taxi segment grew 42% Y/Y to account for 30% of total revenue, up nine percentage points on the year. The growth was primarily due to the… Source link

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Dollar Declines, Gold Hits Record; Stocks Mixed: Markets Wrap

(Bloomberg) — The dollar extended its recent slide and gold rose to a record high as investors mulled simmering Sino-American tensions, the upcoming Federal Reserve meeting and signs the virus spread in the U.S. may be slowing. Global stocks were mixed. The Bloomberg Dollar Spot Index fell as much as 0.8% to its lowest in about a year and a half. Shares fluctuated in Japan, Hong Kong and Australia, while U.S. and European futures climbed after last week’s declines. A 10% surge in Taiwan… Source link

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Citi Says It’s ‘Only a Matter of Time’ Before Gold Hits a Record

(Bloomberg) — Bullish factors building in the bullion market are set to see prices take out the record set in 2011, according to Citigroup Inc. Prices are benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation, analysts including Ed Morse wrote in the bank’s third-quarter commodities outlook. Gold is expected climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000… Source link

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U.S. Cases Up 1.4%; Texas Hits 5th Day Over 10,000: Virus Update

(Bloomberg) — Texas reported its fifth consecutive day of virus cases over 10,000, while Arizona reported record deaths. New cases in Florida dropped for a second day, as did deaths. Overall, new U.S. cases rose 1.4%, below the daily average of 2% over the past week. Mayor Bill de Blasio vowed tougher enforcement against bars and restaurants in part of New York City. Canada denied the Blue Jays permission to play in Toronto, the AP reported. The Trump administration is balking at $25 billion… Source link

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