Currencies

Two-thirds of global tropical rainforests destroyed or degraded - RFN
Two-thirds of the world's rainforests have been degraded or destroyed by humans, revealed the latest report by Rainforest Foundation Norway.

Bavarian Nordic posts positive pre-clinical trial data for Covid-19 vaccine
Shares in Bavarian Nordic surged at the start following the release of positive pre-clinical trial data for its Covid-19 vaccine candidate, ABNCoV2.

Investor morale continues to grow across Eurozone
Investor confidence is continuing to grow in the Eurozone, research published on Monday confirmed, boosted by the worldwide rollout of the Covid-19 vaccine.

EU agrees WTO agriculture quotas with US following Brexit
The European Union and the United States have concluded negotiations to implement the EU's agricultural quotas under World Trade Organization rules following the UK’s exit from the bloc.

Fintech unicorn WeLab raises $75m in funding round led by Allianz
Hong Kong’s fintech unicorn company WebLab has raised $75m in its latest funding round which was led by Allianz X.

German industrial production unexpectedly falls in January
German industrial production unexpectedly fell in January, according to figures released on Monday by Destatis.

US foreign trade rises more than expected in January
America's shortfall in trade with the rest of the world widened at the start of 2020, as import outgrowth continued to outpace overseas sales.
US economy adds more jobs than expected as restrictions ease
US non-farm payrolls rose a lot more than expected in February as Covid cases fell and some restrictions were lifted, while the unemployment rate ticked lower, according to data released by the Labor Department on Friday.

Resource nationalism surges in 2020 as side effect of Covid-19
In 2020, 34 countries have witnessed a significant increase in the nationalisation of natural resources as a side effect of Covid-19, revealed the latest report by Verisk Maplecroft published late on Thursday.

US pre-open: Futures point to lower start ahead of February non-farm payrolls
Stocks on Wall Street are being called to start lower amid investor jitters over the recent rise in Treasury yields, even as they wait on the latest monthly non-farm payrolls report.

Ripple reports no fallout in Asia Pacific business after SEC lawsuit
Blockchain payments firm Ripple did not experience any fallout in its Asia Pacific business after facing a lawsuit from the US Securities and Exchange Commission (SEC).
German factory orders rise more than expected in January
German factory orders rose more than expected in January, according to figures released by Destatis on Friday.

Fed's Powell says he would be concerned if financial conditions tighten
Longer-term US government debt yields extended their recent rebound even after Federal Reserve chief, Jerome Powell, said he was monitoring their rise.

Sberbank posts jump in full-year net interest income
Sberbank, the Russian Federation's largest lender by assets, posted a big drop in full-year profits in a year marked by the novel coronavirus pandemic.

US open: Stocks stabilise ahead of Powell
Wall Street's main market indices were all holding slightly higher in early trading, stabilising after selling from the day before carried over into the opening bell.

US suspends tariffs on UK products in move to resolve aircraft row
The United States agreed to halt tariffs on UK products for four months in a sign of good faith ahead of talks aimed at resolving a row over subsidies granted to the two countries' aircraft industries.

Weekly US jobless claims print ahead of forecasts
The number of Americans filing for initial unemployment claims edged higher unexpectedly last week, although some economists had expected worse.

Iran told to address IAEA's concerns on uranium particles
Iran has been urged to address the International Atomic Energy Agency’s concerns on uranium particles found at undeclared, old sites.

EU not in talks to buy Russian Covid-19 vaccine
The European Commission said on Thursday that there were no ongoing negotiations about buying Russia’s Sputnik V coronavirus vaccine.

EU threatens UK with legal action over post-Brexit trade arrangement
The European Union is threatening the UK with legal action over differences on their post-Brexit trade agreement and more specifically areas involving Northern Ireland.
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