Philippine Bourse Eyes More IPOs in 2021 Amid ‘Fragile’ Recovery

The Philippine Stock Exchange is aiming for more companies to go public this year even as the economic environment “remains fragile,” according to President and Chief Executive Officer Ramon Monzon. The stock exchange has a target for at least three companies and four real estate investment trusts to hold initial public offerings in 2021, Monzon said in a statement. More […]

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Turkey Yearly Inflation Miss Sets Stage for High Rates Into 2021

In this article Turkey’s year-end inflation rate is set to exceed even the central bank’s bumped-up forecast, leaving Governor Naci Agbal with little choice but to keep access to credit tight well into 2021. Data due Monday will probably show consumer prices rose an annual 14.2% through December, up from 14% the previous month, according to the median estimate in […]

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Organization Contests Bloomberg Businessweek Story: WE Charity

To the Editor: WE Charity disagrees with Bloomberg’s narrative in its December 29, 2020 article, “How a Charity Superstar Innovated Its Way to Political Scandal.” So much of the story, from its major themes to minor details, is factually incorrect. We write today to begin setting the record straight. 1. WE Charity prohibits and takes steps to prevent corporal punishment […]

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Sensex, Nifty scale new highs on New Year's Day

Among major Sensex gainers, ITC rose the most by 2.32% The BSE Sensex soared to record highs while the NSE Nifty closed above the 14,000-mark for the first time on Friday as markets continued their record run in the new year amid robust buying in IT, auto and FMCG stocks. Extending its record-setting streak for the fifth day, the 30-share […]

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Nigeria Weakens the Naira to Record Low in Year-End Trade

In this article Nigeria’s central bank weakened the local currency to a record low during trading at the investors and exporters market on Thursday. The naira closed at 410.25 naira per dollar at the I&E window, according to the website of the Lagos-based FMDQ OTC Securities Exchange, a platform that oversees foreign-exchange trading in Nigeria. On the spot market, naira […]

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RedHill Reports Positive Safety And Efficacy Data From Phase 2 COVID-19 Study Of Opaganib

RedHill Biopharma Ltd. (RDHL) said that preliminary data from its U.S. Phase 2 study with orally-administered opaganib in patients hospitalized with COVID-19 pneumonia demonstrated positive safety and efficacy signals. The randomized, double-blind, placebo-controlled U.S. Phase 2 proof-of-concept study with opaganib enrolled 40 patients requiring oxygen support. The results from the study found opaganib to be safe, with no material safety […]

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From Tech to Tesla, Stocks Get $14 Trillion Boost in Covid Year

In a historic year that marked a rapid plunge into bear market territory and a swift recovery into the bull zone, high-flying technology stocks and electric-vehicle pioneer Tesla Inc. were standout trades. The S&P 500 Index went from peak to trough to peak again within 175 days as investors initially shunned most stocks in response to Covid-19 lockdowns and fears […]

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This Is How Prejudice Can Hinder the Economy

Subscribe to Odd Lots (Spotify) Subscribe to Odd Lots (Apple Podcasts) Hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics. 34||h0&&d(“lcp”,[n[n.length-1]])}function i(t){t.getEntries().forEach(function(t){t.hadRecentInput||d(“cls”,[t])})}function a(t){if(t instanceof h&&!v){var e=Math.round(t.timeStamp),n={type:t.type};ep.offset&&e

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