By Laura Sanicola NEW YORK (Reuters) -Oil prices fell more than 3% on Monday after weak economic data from China and the United States, the world’s top oil consumers, and higher crude output from OPEC producers stoked fears of...
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Factbox-Record-low rates spur Australia M&A frenzy in 2021
(Reuters) -Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and companies a well-funded war chest to chase higher valuations. From potentially one of...
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From Facebook to Twitter, Big Tech sees social commerce driving sales growth
By Sheila Dang and Nivedita Balu (Reuters) – Led by Facebook, social media platforms from Alphabet’s YouTube to Snap Inc and Twitter are investing heavily in shopping features to drive revenue growth, a major theme that...
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Dollar dips after Fed fails to provide taper timeline
By John McCrank and Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar eased on Wednesday after the U.S. Federal Reserve said the economic recovery is on track despite a rise in COVID-19 infections in a policy statement that was...
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International investor concerns mount over China’s tech rout
By Marc Jones LONDON (Reuters) – International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and debt markets....
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Dollar edges lower as investors await Fed meeting outcome
By John McCrank NEW YORK (Reuters) -The U.S. dollar edged lower against a basket of peer currencies on Tuesday as investors awaited the outcome of this week’s two-day Federal Reserve policy meeting for any signals as to when the...
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