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coronavirus cases

Virus pushes Santander into massive annual loss
Markets

Virus pushes Santander into massive annual loss

  • "Although the crisis is global, our geographic and business diversification have once again served us well and underscored the strength of our team and mode," executive chairman Ana Botin said in a statement.
Published 03 Feb, 2021 01:23pm
Australia cash rate seen near zero for several years
Markets

Australia cash rate seen near zero for several years

  • The resurgence in the property market supports household balance sheets and encourages spending through positive wealth effects, Lowe said, noting higher prices can also encourage further residential construction.
Published 03 Feb, 2021 11:41am
Oil prices extend rally as producers restrain output
Markets

Oil prices extend rally as producers restrain output

  • However, energy giant BP flagged a difficult start to 2021 amid declining product demand, noting that January retail volumes were down by around 20% year on year, compared with a decline of 11% in the fourth quarter.
Published 02 Feb, 2021 03:28pm
Yields ease on expectations for lower debt supply
Markets

Yields ease on expectations for lower debt supply

  • The 10-year Treasury Inflation-Protected Securities' breakeven inflation rate, which briefly slipped below 2% last week, was last at 2.024%, indicating the market expects inflation to average more than 2% a year for the next decade, above the current pace of inflation.
Published 02 Feb, 2021 11:30am