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coronavirus pandemic

Surprisingly weak April jobs report pushes yields lower
Markets

Surprisingly weak April jobs report pushes yields lower

  • The benchmark 10-year yield, which dropped to 1.469%, the lowest since March 4, was last down 1.6 basis points at 1.5452%, holding below a 14-month high of 1.776% reached on March 30.
  • The 30-year yield tumbled to its lowest level since March 1 at 2.158%. It was last up less than a basis point at 2.2449%.
Published 07 May, 2021 08:35pm
COVID crisis pushed 75 million Indians into poverty in 2020
World

COVID crisis pushed 75 million Indians into poverty in 2020

  • The number of Indians living below the poverty line is expected to reach 134 million, which is more than double the 59 million projected prior to the recession
  • The poverty rate in India rose to 9.7 percent in 2020, a sharp increase from the January 2020 forecast of 4.3 percent
Updated 05 May, 2021 11:01am
Shell swings back to profit
Markets

Shell swings back to profit

LONDON: Royal Dutch Shell swung back into profit in the first quarter as oil prices recovered strongly from a year...
Published 03 May, 2021 04:39am
China factory activity edges down in April
Business & Finance

China factory activity edges down in April

  • The report added that recovery would likely be seen in the service sector as well, after it was derailed earlier this year by domestic travel restrictions imposed during the Lunar New Year break to prevent further outbreaks.
Published 30 Apr, 2021 10:56am