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Gold steady as rising bond yields counter Omicron-led Covid cases surge

Gold prices held steady on Monday as higher US Treasury yields offset safe-haven buying sentiment due to an Omicron-driven surge in Covid cases globally.

OPEC+ report sees short-lived, mild impact from Omicron variant

The report kept forecasts for the growth in oil demand in 2021 and 2022 unchanged at 5.7 million bpd and 4.2 million bpd respectively

OPEC to meet today to discuss appointment of new secretary general: Report

OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, two OPEC sources said

Airlines grapple with Omicron-related disruptions to start off 2022

Spread of the Omicron variant has led to a sharp increase in Covid-19 infections, forcing airlines to cancel flights as pilots and crew quarantine

Gold marks yearly dip as central banks seek to wean economy off stimulus

Spot gold was last up 0.7% at $1,827.51 per ounce by 1:46 p.m. ET, after hitting a peak since Nov. 22 at $1,827.26 on Friday, helped by a retreat in the dollar and global equities

SWF and public pension fund assets in US hit record $31.9 trillion: Report

Assets held by the world's sovereign wealth and public pension funds rose to a record $31.9 trillion in 2021 thanks to rising US stock and oil prices

China Dec new home prices fall at slower pace compared to Nov: Survey

China's December new home prices declined at a slower pace compared with a month earlier, a private-sector survey showed on Saturday

Global stocks close near record highs ahead of New Year, dollar and oil dip

Equities around the globe traded little changed on Thursday as oil prices fell and the US dollar dipped against most major currencies

India's biggest car dealer Popular plans $100 million listing: Report

Popular is set to be the first Indian auto dealership in a highly fragmented market to list

General Motors partners with POSCO to build NA battery materials plant

The move comes as GM is ramping up electric vehicle production and vowing to shift more of its supply chain to North America

US and other nations harden travel rules over Omicron, EU urges vaccination

Some 56 countries were reportedly implementing travel measures to guard against Omicron as of Nov 28

WHO expects to have more information on Omicron transmission 'within days'

That was faster than the "weeks" the WHO had predicted last week that it would take to assess the data available on the variant after designating it a "variant of concern"

Wall St bounces back after rout spurred by inflation, Omicron risks

Merck up as FDA panel narrowly votes to back Covid pill; payrolls, factory activity increase in November

Oil rises 1% ahead of OPEC meeting under Omicron variant cloud

Brent crude futures gained $1.01, or 1.5%, to $70.24 a barrel, after a 3.9% slump on Tuesday

Factories facing supply headaches as Omicron variant risks emerge

Towards the end of the month, the newly-detected Omicron coronavirus variant emerged as a fresh worry for policymakers

Emerging markets face a 'double whammy' in 2022, Citi says

Emerging markets will face a "double whammy" in 2022, caught between limited growth and reduced risk appetite as a result of monetary tightening, Citi said

Reforming global trade rules is tough but doable, says WTO chief

By Emma Farge

India's power demand growth slows in November, helping ease coal shortage

The number of plants having supply agreements with Coal India with inventories of three days or less fell to 31, as of Nov. 29, latest data from the federal power ministry shows

Asian shares bounce sharply from year low but Omicron, Fed in focus

Competing for the limelight, U.S. Treasury yields climbed steadily after U.S. Fed chair Jerome Powell signalled the Fed may speed up the pace of its bond-buying taper at its meeting later this month

How South African scientists spotted the Omicron Covid variant

By Nov 24, more than two-thirds of positive tests in Gauteng, the South African province, were showing the S-gene dropout - a sign that Omicron was already becoming dominant