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Coronavirus Vaccine

The curious case of reduced testing in Pakistan

The curious case of reduced testing in Pakistan

  • Pakistan has been recognised as one of the countries with a declining rate of COVID-19 spread
  • A huge wave is behind us, whether that was the only one time will tell
Updated 18 Jul, 2020 07:52pm
South Africa's rand firmer in yield hunt
Markets

South Africa's rand firmer in yield hunt

  • Sentiment had also been held back by renewed tensions between Washington and Beijing.
  • The likelihood of a rate cut prompted some investors to buy the rand and pocket the still high yield on the currency before it potentially falls next week.
Published 17 Jul, 2020 09:56pm
As virus surges, Trump escalates conflict with Fauci
World

As virus surges, Trump escalates conflict with Fauci

  • As director of the National Institute of Allergy and Infectious Diseases, the physician-scientist has led the country's response to every epidemic since the 1980s, earning particular acclaim for his research on HIV treatments.
Published 17 Jul, 2020 01:36am
Russia trying to hack and steal COVID-19 vaccine data, says Britain
World

Russia trying to hack and steal COVID-19 vaccine data, says Britain

  • We condemn these despicable attacks against those doing vital work to combat the coronavirus pandemic.
  • While others pursue their selfish interests with reckless behaviour, the UK and its allies are getting on with the hard work of finding a vaccine and protecting global health.
Published 16 Jul, 2020 06:41pm
J&J raises forecast after quarterly profit beats estimates
Business & Finance

J&J raises forecast after quarterly profit beats estimates

  • Sales in the healthcare conglomerate's medical devices unit tumbled 33.9% in the second quarter as hospitals and patients delayed non-urgent procedures like hip and knee replacements.
  • The company raised its full-year adjusted profit forecast to $7.75 to $7.95 per share, from its prior estimate of $7.50 to $7.90 per share.
Published 16 Jul, 2020 05:32pm
Dollar firms as weak China retail sales sound warning
Markets

Dollar firms as weak China retail sales sound warning

  • China’s 3.2% economic growth last quarter easily beat market expectations for 2.5%.
  • But an unexpected drop in retail sales - for a fifth straight month - was an unwelcome harbinger of possible problems ahead for the rest of the world as more countries relax lockdowns and allow businesses to reopen.
Published 16 Jul, 2020 10:30am
European stocks climb
Markets

European stocks climb

FRANKFURT: European stocks closed at over a five-week high on Wednesday, with travel stocks surfing a wave of...
Updated 16 Jul, 2020 03:07am
Wall Street surges
Markets

Wall Street surges

NEW YORK: Wall Street surged on Tuesday, with the Dow Jones Industrial Average ending more than 2% higher as...
Published 16 Jul, 2020 02:38am
Japanese shares up
Markets

Japanese shares up

TOKYO: Japanese stocks rose on Wednesday to a five-week high as encouraging results from a coronavirus vaccine study...
Published 16 Jul, 2020 02:38am
Gold inches up in NY
Markets

Gold inches up in NY

NEW YORK: Gold prices edged up on Wednesday, holding above the key $1,800 level, as a surge in coronavirus cases and...
Published 16 Jul, 2020 02:38am
Rouble slips despite positive trend in emerging markets
Markets

Rouble slips despite positive trend in emerging markets

  • Markets were optimistic after Moderna Inc said on Tuesday that its experimental vaccine for COVID-19 was safe and provoked immune responses.
  • Oil prices rose on Wednesday after EIA data showed a bigger-than-expected draw in US crude inventories.
Published 15 Jul, 2020 08:59pm
Latam stocks hit one-month high as vaccine hopes fuel risky bets
Markets

Latam stocks hit one-month high as vaccine hopes fuel risky bets

  • MSCI's index for Latin American stocks jumped as much as 3.3%, on track for its best day since early June, while its index for currencies gained 1.7%.
  • Hopes that a COVID-19 vaccine may be inching closer to reality have fueled a solid rebound in risk appetite today.
Published 15 Jul, 2020 08:16pm
TSX rises on jump in May factory sales
Markets

TSX rises on jump in May factory sales

  • The Canadian dollar strengthened against its US counterpart as investors grew more optimistic about a coronavirus vaccine and domestic data showed a rebound in factory sales.
  • The energy sector climbed 2.7% as US crude prices were up 0.6% a barrel, while Brent crude added 0.5%.
Published 15 Jul, 2020 08:10pm