SeaPRwire

COP26 outcome influenced by short-term pressures

elean
1 minute

SINGAPORE - Short-term pressures on governments to speed up economic recoveries weighed on the outcome of COP26, the Glasgow summit on climate change, said the World Bank's vice-president for East Asia and the Pacific Manuela Ferro. Ms Ferro, who attended the summit, said there were areas in which "ambition could have been higher in terms of decarbonisation… but one could see that short-term issues were given big weight". Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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US stocks end solidly higher in post-election surge

elean
3 minutes

NEW YORK (AFP) – Wall Street stocks jumped on Wednesday (Nov 4) as markets absorbed the latest developments in the still-unresolved US presidential contest and apparently shrugged off the risk of legal challenges by President Donald Trump. The Dow Jones Industrial Average climbed 1.3 per cent to finish at 27,847.66, rising for a third straight session. The broad-based S&P 500 gained 2.2 per cent to 3,443.44, while the tech-rich Nasdaq Composite Index advanced 3.9 per cent to close at 11,590.78. Analysts attributed the rally to the demise of a “blue wave” election outcome that would have seen a complete Democratic sweep of Washington, including a takeover of the Senate and a White House win by Joe Biden. Biden is still well positioned to win the presidency, carrying leads in key states, but the Senate looks poised to remain in Republican hands. That outcome will “moderate” policies from Washington, lessening the chances of major tax increases or overhauls to health care and other realms, said Shawn Cruz, senior market strategist at TD Ameritrade. The market had “a little bit of a collective sigh of relief,” Cruz said. Investors for now have shrugged off worries about a protracted le...

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US presidential election: Looking beyond the Oval Office

elean
1 minute

SINGAPORE - As investors confront the upcoming United States presidential election, we believe that, in terms of market impact, two uncertainties dwarf the obvious question of who will win the White House. The first question is whether there will be a smooth transition of power. In past elections, a predictable process was mostly taken for granted, but we should not do so this time given multiple red flags that President Donald Trump is prepared to contest the election. These include his refusals to commit to accepting the results, his claims of widespread voter fraud and, more tellingly, Mr Trump's prediction that the outcome will be decided by the Supreme Court. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

SeaPRwire
Read More

US presidential election: Looking beyond the Oval Office

elean
1 minute

As investors confront the upcoming United States presidential election, we believe that, in terms of market impact, two uncertainties dwarf the obvious question of who will win the White House. The first question is whether there will be a smooth transition of power. In past elections, a predictable process was mostly taken for granted, but we should not do so this time given multiple red flags that President Donald Trump is prepared to contest the election outcome. These include his refusals to commit to accepting the results, his claims of widespread voter fraud and, more tellingly, his prediction that the outcome will be decided by the Supreme Court. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.