International rating agency Moody's has upgraded its outlook on the global energy sector to positive from stable on the back of rising energy prices and recovering demand for commodities, the agency said in a statement. "Sustained commodity price growth amid a global economic recovery should support a turn in the industry during the next 12-18 months," the agency wrote. The agency keeps its...

Chinese companies have never before floated their securities on U.S. exchanges so aggressively, the Financial Times reports. According to Dealogic, since the beginning of the year, Chinese companies have raised a record $11 billion through IPOs and subsequent stock sales and bond issues. This is 440% more than in the first quarter of 2020. Bloomberg reports that Chinese companies raised $6.6...

The price of palladium hit a historic record, approaching the $2.9k level. Structural shortages of the precious metal on the global market are pushing prices up, especially on the back of a strong recovery in demand from the automotive industry. On Thursday, April 22, the price of palladium hit an all-time high. According to Bloomberg, the precious metal rose 0.6% during the day to $2891.5 per...

Gold is approaching $1800 an ounce after a two-month break. The metal rose by almost 3.5% in five days. The rise in prices is linked to a decline in US rates and concerns about the outlook for the global economy amid an increase in the number of coronavirus-infected people around the world. Gold prices on the global spot market renewed a two-month high on April 21. According to Reuters, the cost...

In 2021, the global airline industry will suffer a loss of $47.7 billion, the International Air Transport Association (IATA) said in a report. It is higher than the $38 billion loss forecast in IATA's November report. However, the organisation expected a stronger recovery of the industry starting from the second quarter of 2021. Meanwhile, compared to losses for 2020, which IATA estimates at...

Information from The Wall Street Journal (WSJ) about US authorities' plans to limit nicotine content in all cigarettes sold on the US market to levels that will not cause addiction, as well as news that authorities may ban the sale of menthol cigarettes, has triggered a sharp fall in tobacco companies' shares. Altria's shares fell 6% and a further 2% in electronic trading in New York on Monday,...

The UK’s Department for Digital, Culture, Media & Sport has officially announced the start of a review of a planned merger between US corporation Nvidia and UK microprocessor maker Arm Holdings. The ministry said in a statement that it was reviewing the deal "in the interests of national security". In September 2020, Nvidia agreed to buy Arm from Japan's Softbank for $40 billion. The...

Economists at Citigroup and the International Energy Agency (IEA) note that the surplus of oil in storages, created during the pandemic and the decline in fuel demand, is now all but exhausted. This is reported by Bloomberg. "Commercial stocks in OECD countries have already returned to the average level of the past five years," said Citi commodity market analyst, “The excess stocks that remain...

China's funds surpassed $4bn last week, hitting a six-month high. Investors are attracted by the country's rapid economic recovery. However, due to the worsening epidemiological situation in the world, other developing countries cannot boast of notable inflows. The latest Emerging Portfolio Fund Research (EPFR) data shows that international investors have started to increase their investments in...