A document seen by Reuters showed that Saudi Arabia has begun marketing the sale of standard-sized US dollar-denominated bonds in two tranches for a term of 12 and 40 years. The Kingdom has set an initial indicative price at about 165 basis points over ten-year US Treasury bonds for the …

German Chancellor Angela Merkel said on Tuesday that Germany will lobby for the strengthening of the World Trade Organization (WTO) and noted that the WTO is the basis for fair trade, as reported by Reuters. “We hope to continue the Organisation for Economic Co-operation and Development (OECD) work on the …

Italian Prime Minister has officially resigned, Reuters reported on Tuesday, citing a statement released by the President’s office. The press release further revealed that the President will start consultations with political parties on Wednesday on how to resolve this crisis.

Responding to the media reports on the efficacy of AstraZeneca’s coronavirus vaccine, Germany’s Health Ministry said that they can’t confirm the local reports. “Data doesn’t suggest the efficacy of just 8% for older people.”

An analyst from the International Energy Agency announced that global gas demand is expected to grow by 2.8% this year, equivalent to about 110 billion cubic meters, to recover towards 2019 levels. The expected recovery will not be significant and that the more mature markets will only see a gradual …

Oil prices plunged on Tuesday, January 26th, as the chances for rapid approval of a new economic stimulus receded in the United States, while a surge in coronavirus cases raised doubts about the pace of any recovery in demand. Brent crude fell 28 cents, equivalent to 0.5%, to more than …

Japanese stocks closed lower on Tuesday, January 26, as they witnessed profit-taking sales due to concerns about delays in the distribution of anti-coronavirus vaccines, as well as in an American stimulus package and a state of tension before the start of the corporate earnings announcement season. The Nikkei index fell …

European stocks rose on Tuesday, January 26th, after a two-session decline, as Swiss Wealth Management UBS announced a rise in quarterly net profit, but the gains were curbed by concerns about extending the lockdown and US stimulus measures. The European Stoxx600 index rose 0.2%, after closing at its lowest level …

Gold rose on Tuesday, January 26th, as the yellow metal’s appeal was strengthened as a hedge against inflation thanks to expectations of eventually passing a large US stimulus package, despite the strong dollar curbing the gains. This rose in spot transactions 0.1% to 1856.33 dollars an ounce and US gold …

Negative trading controls the movements of Bitcoin after it found a strong resistance level around 32,000, as the current moves witness a stable bearish slope near the lowest level during the session. The technical side indicates the possibility of continuing the decline due to the negative pressures of the simple …