Page 1020 - Reuters

Merck gets UK nod, world's first Covid pill ready to be out soon

US advisors to meet this month to vote on authorisation

Big Tech, chipmakers power S&P 500, Nasdaq to record highs

The Dow Jones Industrial Average was down 89.73 points, or 0.25%, at 36,067.85

Oil prices fall, reversing gains as Saudi TV reports looming output rise

Saudi Arabia has already dismissed calls for speedier oil supply increases from OPEC+. But the Al Arabiya TV report said the Saudis will reach 10 million bpd in December.

Credit Suisse takes axe to broking biz after multibillion-dollar losses

The long-awaited reorganisation, however, fell short of the sweeping overhaul expected by some investors.

COP26: 'End of coal is in sight' as more than 70 nations join new pact

The British government said on Wednesday it expected 190 nations and organisations to sign the non-binding pledge

China's daily coal output near annual high, govt continues crackdown

The most-traded January contract of thermal coal fell 0.4% to 936 yuan a tonne as of 1409 GMT on Thursday night.

Investors buy post-Fed dollar dip, Bank of England sinks sterling

The Fed announced on Wednesday a $15 billion monthly cut to its $120 billion in monthly purchases of Treasuries and mortgage-backed securities

COP26: India, Indonesia and Philippines join coal transition programme

The new programme has been endorsed by the Group of Seven advanced economies, the Climate Investment Funds (CIF) said

Nintendo can't fulfil Switch holiday demand, cuts forecast on chip shortage

Nintendo Co Ltd on Thursday cut its full year Switch sales forecast by 6%

Oil prices rise ahead of OPEC+ meeting; US stocks rise more than expected

Brent futures and US West Texas Intermediate crude pared losses of more than 1%

From rags to riches: Indian designer finds sustainable way to high fashion

The roughly $2.4 trillion global fashion industry accounts for 8-10% of the world's carbon emissions

China's Lenovo says global chip shortage to persist as profit jumps

The company said it was able to outgrow the market by securing more supply of components than its peers

World food prices hit new 10-year high in October: FAO

The Food and Agriculture Organization's food price index averaged 133.2 points last month compared with a revised 129.2 for September

Global stocks rise as Fed tapers without tantrums, BoE takes the stage

Anxious eyes now turn to the Bank of England, which may kick off a rate hike cycle later in the day with uncertain implications for debt markets globally.

United States airline disruptions cast a pall over holiday travel

A spate of high-profile flight cancellations has put a spotlight on worker shortages at U.S. airlines

Gold prices firm after Fed decides to taper without rate hikes

In a widely expected move, the Fed said it would start trimming its monthly asset purchases in November with plans to end them by mid-2022

OPEC+ likely to stick to plans to raise oil output: Report

Oil prices have surged this year to a three-year high above $86 a barrel as OPEC+ ramps up supplies gradually and demand recovers

Fed's Powell and ECB's Lagarde to markets: Hold your rate hike horses

Rate futures and bond markets on both sides of the Atlantic had been repricing for an earlier rate-hike lift-off by the Fed and ECB over the last month

Liquidity worries deepen as unit of Chinese developer Kaisa misses payment

The Shenzhen-based developer has the most offshore debt coming due over the next year of any Chinese developer after embattled China Evergrande Group

Credit Suisse pares back investment banking, sharpens focus on the rich

Q3 net profit falls 21%, expects net loss for Q4; closing most of its prime broking business after Archegos scandal