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Business Recorder Logo

Sep 21, 2020 PRINT EDITION ► BR MARKETS ►

Reuters

Oil majors' renewable drive pushes up price tags on assets
Markets

Oil majors' renewable drive pushes up price tags on assets

  • BP, Shell and Total have all announced renewable expansion plans this year to reduce their reliance on fossil fuels and meet internal climate targets.
  • SSE also earlier this year sold a 51% stake in its Seagreen 1 British offshore wind farm project to France's Total.
Published 16 Sep, 2020 06:56pm
Hurricane Sally makes landfall on Alabama's Gulf Coast
World

Hurricane Sally makes landfall on Alabama's Gulf Coast

  • Upon landfall, winds were clocked at 105 miles per hour (165 km per hour), able to cause extensive damage.
  • The NHC earlier said the hurricane could bring more than 2 feet (60 cm) of rain to some areas as it creeps inland.
Published 16 Sep, 2020 05:26pm
Gold rises as investors bet on dovish US Fed stance
Markets

Gold rises as investors bet on dovish US Fed stance

  • Spot gold was up 0.4% to $1,963.97 per ounce by 1131 GMT, while US gold futures rose 0.4% to $1,973.50 per ounce.
  • While the Fed does not need to announce stimulus measures now, it will have to lay the groundwork for potential stimulus later.
Published 16 Sep, 2020 05:23pm
Italian bond yields hit one-month low ahead of Fed meeting
Markets

Italian bond yields hit one-month low ahead of Fed meeting

  • The Federal Reserve is expected to wrap up its latest policy meeting on Wednesday with somewhat rosier economic forecasts.
  • The street has priced out rate hikes to 2025, and when coupled with the fact the Fed has already ruled out the possibility of negative interest rates.
Published 16 Sep, 2020 05:22pm
Shares rally, dollar falls ahead of Fed meeting
Markets

Shares rally, dollar falls ahead of Fed meeting

  • Shares had rallied in the previous session after robust Chinese and US economic data and continued their gains on Wednesday.
  • Investors will be looking for details about how the changed approach will affect monetary policy.
Published 16 Sep, 2020 05:16pm