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coronavirus cases

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
Dubai house prices to drop at slower pace
Business & Finance

Dubai house prices to drop at slower pace

  • When asked what would be the primary driver of housing market activity this year, nine property analysts said a successful vaccine rollout and an economic recovery. One said fiscal stimulus and another said monetary policy.
Published 31 Jan, 2021 01:52pm
A year after COVID-19's arrival, India's active cases fall
World

A year after COVID-19's arrival, India's active cases fall

  • A year ago, a student from the southern state of Kerala tested positive for COVID-19 after returning to India from Wuhan in China, the global epicentre of the virus.
  • India was reporting fewer cases until April 2020, but from May onwards cases started rising and peaked by mid-September to close to 100,000 daily cases.
Published 30 Jan, 2021 06:11pm