COVID-19 vaccine sales jumped 44% for Moderna in the final quarter of 2021, and the drugmaker expects demand for booster shots to fuel more growth in 2022. Moderna said Thursday that it has signed purchase agreements for about $19 billion in sales for 2022 with options for an additional $3 billion that would cover any…
WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported Thursday in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies. For all of 2021, the nation’s gross domestic product — its total output of goods…
Russia has invaded the Ukraine. Geopolitical chaos is driving oil toward $100 a barrel. Investors have flocked into energy plays in response. Energy as a group is up 17% in 2022. The second best performer? Financials which have lost only -1.8% of its value this year. As we discussed in our January 13 article, oil is the place…
By Dmitry Zhdannikov LONDON (Reuters) – At least three major buyers of Russian oil have been unable to open letters of credit from Western banks to cover purchases on Thursday, four trading sources said citing market uncertainty after Russia invaded Ukraine. “Banks are not willing to open LC’s for the moment so it is a…
(Reuters) -China’s Alibaba Group Holding Ltd on Thursday reported its slowest-ever increase in quarterly revenue since going public in 2014, as tepid growth in its core e-commerce business and intensifying competition ate into sales. The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending. Last November, during…
By Mark John (Reuters) – Russia’s invasion of Ukraine and how the world reacts could have wide-ranging repercussions for the European economy, from rising energy and food prices to economic sanctions that hit trade and investment. That in turn will affect how quickly the economy gets back on its feet after two years of the…
By Jamie Freed and Tim Hepher (Reuters) -Ukraine closed its airspace to civilian flights on Thursday after Russia launched a land, sea and air invasion of its neighbour, while Europe’s aviation regulator warned about hazards to flying in bordering regions. Moldova, southwest of Ukraine, also closed its airspace, while Belarus to the north said civilian…
COPENHAGEN (Reuters) – Carlsberg has shut its brewery in Lviv, western Ukraine, after supplies of natural gas to the brewery were cut, a company spokeswoman told Reuters. (Reporting by Jacob Gronholt-Pedersen; Editing by David Goodman)
WASHINGTON (AP) — Just what a vulnerable world economy didn’t need — a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese developers and families in Africa that face soaring food prices. Russia’s attack on Ukraine and retaliatory sanctions from the West may not portend another global…
By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices jumped on Thursday, with Brent rising above $100 a barrel for the first time since 2014, after Russia attacked Ukraine exacerbating concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea, the biggest attack by one state against…
