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COVID-19 TOTAL DAILY

Reuters

Markets

Oil prices edge lower

NEW YORK: Oil prices edged lower on Friday, dragged down by concerns that a spike in Covid-19 cases in the United...
Published 17 Oct, 2020 03:08am
Business

Sterling recovers

LONDON: Sterling largely brushed off the British Prime Minister's announcement that it was time to prepare for a...
Published 17 Oct, 2020 03:08am
Speculators' bearish bets on US dollar trimmed
Markets

Speculators' bearish bets on US dollar trimmed

  • The value of the net short dollar position was $27.24 billion for the week ended Oct. 13, compared with a net short position of $28.35 billion for the week before that.
  • The net short was the smallest since late July. US net shorts hit a more than nine-year high of $33.68 billion in late August.
Published 17 Oct, 2020 02:43am
Pfizer says earliest US filing for COVID-19 vaccine would be late November
Business

Pfizer says earliest US filing for COVID-19 vaccine would be late November

  • The Pfizer news, published in a letter from its chief executive on its website, lifted the US stock market and the company's shares.
  • So let me be clear, assuming positive data, Pfizer will apply for Emergency Authorization Use in the US soon after the safety milestone is achieved in the third week of November.
Published 17 Oct, 2020 02:40am
Trump administration approves $1.35bn for small-scale nuclear reactor project
World

Trump administration approves $1.35bn for small-scale nuclear reactor project

  • The award was announced by the Utah Associated Municipal Power Systems (UAMPS) a consortium of cities, many of which would buy power generated by NuScale Power LLC's project.
  • The DOE has pumped about $280 million since 2013 into the project involving 12 small reactors, slated to be built at its Idaho National Laboratory site.
Published 17 Oct, 2020 02:38am
Funds raise bullish bet in raw sugar to nearly 200,000 contracts
Markets

Funds raise bullish bet in raw sugar to nearly 200,000 contracts

  • The funds added 20,598 contracts to their net long bet that now totals 193,823 contracts, the US Commodity Futures Trading Commission said.
  • Funds have not lost their appetite in commodities for now, and unless you can flush them, it will be harder to pressure sugar down.
Published 17 Oct, 2020 02:31am
Moody's cuts UK's debt rating on weak economic growth
Business

Moody's cuts UK's debt rating on weak economic growth

  • The Johnson government has tightened restrictions as the country grapples with a second wave of COVID-19 infections.
  • "Even if there is a trade deal between the UK and EU by the end of 2020, it will likely be narrow in scope and therefore the UK's exit from the EU will, in Moody's view, continue to put downward pressure on private investment and economic growth.
Updated 17 Oct, 2020 02:29am
US oil and gas rig count rises by most since January: Baker Hughes
Markets

US oil and gas rig count rises by most since January: Baker Hughes

  • The oil and gas rig count, an early indicator of future output, rose for the fifth week in a row, increasing 13 to 282 in the week to Oct. 16, energy services firm.
  • The total rig count fell to a record low of 244 rigs during the week ended Aug. 14, while oil rigs alone fell to a 15-year low at 172 in the same week.
Published 17 Oct, 2020 12:36am