Tag: Pharmaceuticals

Oil prices rise on vaccine progress and reports of attack on Saudi oil facility

Oil futures headed higher on Monday, as reports that Yemen’s Iran-backed Houthi rebels attacked a Saudi oil facility lifted tensions in the oil-rich Middle East. “News of another Houthi attack on a Saudi oil facility during a weekend where geopolitical risk factors for oil are rising,” helped oil prices snap back from last week’s losses, […]

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IMF hikes growth forecast for the Middle East, says recovery will be ‘divergent’

The International Monetary Fund has revised its growth forecast upward for the Middle East and North Africa region, as countries recover from the coronavirus crisis that began in 2020. Real GDP in the MENA region is now expected to grow 4% in 2021, up from the fund’s October projection of 3.2%. However, the outlook will […]

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Ahead of the Olympics, Japan’s vaccine minister says he fears a virus uptick in Tokyo

Japan is working closely with the International Olympic Committee to prepare for the Games and despite concerns about Covid-19 cases flaring, there are no plans to postpone, said Japan’s minister in charge of vaccinations. “Unless they decide otherwise, we just simply need to prepare for the Games, how to control the situation. I think it […]

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Vaccines are a national priority but not ‘silver bullets’ for reopening, Singapore minister says

SINGAPORE — Singapore needs a “suite of measures” beyond Covid vaccinations in order to open up its economy and allow international travel, said S Iswaran, the country’s minister for communications and information. Some of those measures may include testing for Covid-19, he told CNBC’s “Squawk Box Asia” on Tuesday, as part of World Economic Forum Global […]

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These infrastructure stocks could rise up to 41% in a year on Biden’s massive spending plan, analysts say

Earlier this month the U.S. got a grade of C-minus for infrastructure from the American Society of Civil Engineers. And that was an improvement. President Biden on Wednesday is releasing details of his “Build Back Better” batch of spending plans, which include $2 trillion for infrastructure spending across the country. So it is time for […]

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