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Reuters

Business

Sterling climbs above $1.30

LONDON: The British pound extended gains and climbed above $1.30 on Monday as hopes grew that British and European...
Published 20 Oct, 2020 02:42am
Business

Aussie, kiwi up

SYDNEY: The Australian dollar rose on Monday after data showed China extended its economic recovery, and the New...
Published 20 Oct, 2020 02:42am
Raw sugar hits 7-1/2-month high, cocoa also climbs
Markets

Raw sugar hits 7-1/2-month high, cocoa also climbs

  • March raw sugar settled up 0.29 cent, or 2.0%, at 14.72 cents per lb, the highest prices since February 26.
  • March London cocoa settled up 32 pounds, or 2.0%, at 1,673 pounds per tonne, pulling away from an eight-week low of 1,627 pounds set on Friday.
Updated 20 Oct, 2020 02:24am
Yields pare rise as stimulus optimism fades
Markets

Yields pare rise as stimulus optimism fades

  • There was some optimism about a deal potentially being reached _ it seems like some of that optimism has started to fade a little bit.
  • The economic destruction from Covid, in my view, will keep rates pretty low,
Published 20 Oct, 2020 01:45am
US natgas edges up on rising LNG exports, cold forecasts
Markets

US natgas edges up on rising LNG exports, cold forecasts

  • Front-month gas futures rose 2.2 cents, or 0.8%, to settle at $2.795 per million British thermal units.
  • As LNG exports rise and the weather turns colder, Refinitiv projected average demand would jump from 89.2 bcfd this week to 98.2 bcfd next week.
Published 20 Oct, 2020 01:34am
IBM revenue edges past estimates on cloud strength
Business

IBM revenue edges past estimates on cloud strength

  • The results come just weeks after Big Blue surprised investors with its announcement of splitting itself into two public companies.
  • "We continue to see a very strong pattern in acceleration of our clients' digital transformation ... We are seeing that play out in our Red Hat business.
Published 20 Oct, 2020 01:03am