GLOBAL MARKETS-Stocks, oil skid as China’s COVID protests roil sentiment

GLOBAL MARKETS-Stocks, oil skid as China’s COVID protests roil sentiment

Stocks and oil slid sharply on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs raised worries about management of the virus in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan slumped 2.2%, pulled lower by heavy selling in Chinese markets. Hong Kong’s Hang Seng Index … Read more

Joburg Open: Rookie Dan Bradbury secures stunning wire-to-wire win on DP World Tour | ‘It’s life changing’ | Golf News

Joburg Open: Rookie Dan Bradbury secures stunning wire-to-wire win on DP World Tour |  ‘It’s life changing’ |  Golf News

Dan Bradbury finished three strokes ahead of Sami Valimaki at the Joburg Open to win his maiden DP World Tour title; the victory also means he has secured a place at The Open next year By Amar Mehta Last Updated: 27/11/22 1:28pm Dan Bradbury secured a place at next year’s Open after his fairytale Joburg … Read more

US Shoppers Kick Off the Holiday Season With a Muted Black Friday

US Shoppers Kick Off the Holiday Season With a Muted Black Friday

Shoppers at Saks Fifth Avenue department store on Black Friday in New York, US, on Friday, Nov. 25, 2022. US retailers are bracing for a slower-than-normal Black Friday as high inflation and sagging consumer sentiment erode Americans’ demand for material goods. .

Charting the Global Economy: OECD Raises Inflation Forecast

Charting the Global Economy: OECD Raises Inflation Forecast

(Bloomberg) — Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week. The organization boosted its 2023 inflation estimates and said it expects price increases the following year to remain above the targets set by many global central banks. While … Read more

Australian PGA Championship: Cameron Smith takes three-shot lead into final round at Royal Queensland | Golf News

Australian PGA Championship: Cameron Smith takes three-shot lead into final round at Royal Queensland |  Golf News

Cameron Smith hits four of his six birdies in the first six holes and holds onto the lead despite struggling on the back nine in windy conditions; watch the Australian PGA Championship live on Sky Sports Golf at 3.30am. By Amar Mehta Last Updated: 26/11/22 9:42am Please use the Chrome browser for a more accessible … Read more

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

The daily Covid testing also proved to be flawed. As many as 20 workers’ throat swabs were put into one tube to speed testing and lower costs. If the results came back positive, all the workers whose samples were in that one tube were put into isolation for further testing. Those who worked on the … Read more

GLOBAL MARKETS-European shares sit pretty, govt bond yields edge off recent lows

GLOBAL MARKETS-European shares sit pretty, govt bond yields edge off recent lows

European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as investors reacted to positive data and signs central banks may not hike rates as aggressively as feared. The 10-year US Treasury yield dipped to 3.65% after the Thanksgiving holiday, its … Read more

Open de Espana: Amateur teenager Cayetana Fernandez leading the way at midway point | Golf News

Open de Espana: Amateur teenager Cayetana Fernandez leading the way at midway point |  Golf News

The 17-year-old amateur shot eight birdies in total to put her in pole position heading into the weekend; watch round three on Sky Sports Golf on Saturday Last Updated: 25/11/22 11:01pm The 17-year-old amateur has seen herself as the one to beat heading into the weekend. Spanish amateur Cayetana Fernandez leads the way at the … Read more

Dollar edges up in range-bound holiday markets

Dollar edges up in range-bound holiday markets

NEW YORK, Nov 25 (Reuters) – The dollar edged higher across the board on Friday in a quiet session following the US Thanksgiving holiday but remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the US currency. “Today has all the indicators of another … Read more