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China set to eclipse US as world’s biggest oil refiner

Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophistic

HPCL, HPCL share price, goldman sachs

US Stocks: Stay-at-home beneficiary Zoom provides the biggest lift to the Nasdaq

Markets are still stuck in a push-and-pull between the dramatic rise of new COVID cases versus apparent progress on vaccines.

Enterprises expect to increase their spending the most on business and digital consulting, followed by IT infrastructure services (including cloud).

All-time-high raised in US IPOs so far! Here’s another opportunity for investors

So far this year, an all-time high of more than $144 billion has been raised on U.S. exchanges.

US Stocks, U.S. exchanges, Roblox, IPO, share

India’s economy to struggle with effects of Coronavirus through 2025: Report

Balance sheet stress that had been building before the coronavirus outbreak will probably worsen, Priyanka Kishore, head of economics for South Asia and South-East Asia, wrote in the report.

Elon Musk Leapfrogs Mark Zuckerberg to Become World’s Third-Richest Person

Musk, 49, became the world’s third-richest person, leapfrogging Mark Zuckerberg.

elon musk wealth

US Stocks: Active management is paying off for the S&P 500 index keepers

After the S&P 500 surged 25% since mid-May, the total number of companies whose businesses put them at serious risk of ejection has fallen by half.

S&P 500, US Stocks, index, equity, consumer discretionary stocks, market fundamentals

Brexit creates jobs for customs staff in eastern Europe, India

The Road Haulage Association, a lobby group, has estimated that the U.K. needs an extra 50,000 customs agents to cope with the added Brexit workload.

Tesla to join S&P 500 next month as largest-ever new member

The anticipation has helped drive a nearly five-fold rally in the stock this year to almost $390 billion, making it the biggest company ever to be added to the gauge.

elon musk wealth

US Stocks: Morgan Stanley says go risk-on and ‘Trust the Recovery’ in 2021

A gauge of global stocks headed toward a record Monday amid optimism that the expected roll-out of vaccines and additional U.S. fiscal stimulus will bolster the world economy.

US Stocks, fiscal stimulus, Covid-19, S&P 500, Dollar Index

‘Modi govt’s incentives for industries won’t help India today, could give better tomorrow’

How will the gap in private consumption and public investment get filled? The global economy is hardly in shape to absorb much new merchandise, and improving market share takes time.

US Stocks rally to record as small caps outpace tech: Markets Wrap

All major groups in the equity benchmark advanced, with energy, industrial and financial companies among the biggest gainers.

US Stocks, S&P 500, Russell 2000 Index, small caps, all-time highs, Nasdaq 100

Joe Biden must roll back Donald Trump’s tariffs and woo India for Silicon Valley

Keeping the Indian digital market open to U.S. tech may appear a modest diplomatic goal, but hitting it is important. For one thing, a more ambitious project, such as a free trade agreement, will be a hard sell.

Coronavirus vaccine: China under pressure to reveal vaccine data after Pfizer success

American drugmaker Pfizer Inc. and German biotechnology firm BioNTech SE announced this week that its vaccine appears more than 90% effective in stopping Covid-19 infections

The trials evaluated the efficacy among over 16,000 volunteers who received the vaccine or placebo 21 days after the first injection.

Coronavirus is worsening Delhi’s air pollution crisis

Air pollution from the annual burning of rice stubble across the states of Haryana, Uttar Pradesh and Punjab is reversing the gains that gave the north of the country its cleanest air in two decades under lockdown earlier thi

US Stocks: DoorDash, Wish and Affirm join Airbnb to fuel year-end IPO boom

The new IPOs will add billions of dollars to the record total of more than $140 billion raised on U.S. exchanges this year.

Nasdaq, US Stocks, DoorDash, Wish, Affirm, IPO, U.S. Thanksgiving, Christmas holidays

US Stocks: What’s ahead under President Joe Biden, industry by industry

Here’s a breakdown of how a Biden presidency may affect some two dozen U.S. industries as he takes over from Donald Trump in January.

US Stocks, Covid-19 restrictions, stock markets, technology and industrial companies, tesla

Stocks surge to all-time high as Pfizer announces coronavirus vaccine; Stoxx Europe 600 Index rises 4.5%

The strongest gains in the market were among small-cap stocks, which have been hit hard by the economic toll of lockdowns.

sensex, nifty

US Stocks head toward record high on Biden optimism: Key events coming up

With global equities heading for an all-time high closing level, investor focus will likely return to the global economic recovery.

US Stocks, equities, dollar, Nasdaq 100, index, S&P 500,

U.S. Stocks post biggest weekly gains since April: Markets Wrap

Without a massive spending bill, the Federal Reserve may increase its monetary support to keep the economic recovery on track.

investment ideas, investing opportunities, US stock market, S&P 500, Nasdaq Composite index, Nasdaq 100, portfolio diversification

IndiGo prepares mega engine order, defying aviation gloom

Airlines around the world have deferred or canceled hundreds of plane orders as demand plummets. Any meaningful recovery is seen as years away and a viable vaccine remains elusive.

Bihar Election 2020: PM Modi to face first coronavirus pandemic poll test

The eastern state of Bihar, which is set to count votes on Tuesday, already suffered from entrenched unemployment and creaking health infrastructure before the pandemic hit.

Maintaining control of Bihar, a state with more people than any country in the European Union, is crucial for Modi’s Bharatiya Janata Party: it sends 40 lawmakers, the fourth highest of India’s 28 states, to the federal parliament.

Airtel Africa plans tower sales to reduce $3.5 billion debt

A number of the continent’s wireless carriers have been selling similar tower assets to specialist operators, opting to save on maintenance costs, allay security concerns and bypass shortfalls in power and road infrastructu

Airtel has a repayment of 750 million euros ($890 million) due in May, while an installment of $505 million is due in March 2023, according to the annual report.

China’s Fosun kicks off biggest pharma IPO in India

The company and existing holders including Fosun Pharma Industrial Pte. are selling as many as 43.2 million shares in the offering, according to terms of the deal obtained by Bloomberg News. The shares are marketed at 1,490 r


Americans Face Stark Choice as Election Day 2020 Dawns

But while Biden’s supporters imagine Trump’s ouster, the president’s supporters are driven and devoted, turning out by the thousands for his signature rallies despite the pandemic.

trump biden

China suspends world’s biggest IPO of Jack Ma’s Ant Group after warning

The Shanghai stock exchange will suspend the listing amid changes in the regulatory environment.

jack ma, china, ipo, ant group, shanghai ipo
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