news

German investor morale falls in April on lockdown fears, ZEW says

13.04.2021, 12:45

BERLIN - Investor sentiment in Germany fell unexpectedly in April, the ZEW economic research institute said on Tuesday, citing rising fears that private consumption could be depressed as Europe's largest economy gets closer to extending lockdown measures.

OPEC raises 2021 oil demand growth forecast on hope pandemic wanes

13.04.2021, 12:29

LONDON - OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market

UK holding off on Liberty Steel as Gupta explores refinancing: minister

13.04.2021, 12:10

LONDON - Britain is allowing owner Sanjeev Gupta to explore refinancing options for Liberty Steel before offering any potential government support, business secretary Kwasi Kwarteng said on Tuesday.

Singapore's Grab strikes $40 billion deal in record SPAC merger

13.04.2021, 12:00

SINGAPORE - Southeast Asia's biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing.

Oil prices rise after robust China data

13.04.2021, 11:45

LONDON - Oil prices rose on Tuesday after strong Chinese import data but markets broadly shrugged off Middle East tensions which have so far not disrupted oil supply.

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