The IHS Markit's Manufacturing Purchasing Managers' Index (PMI) for the US edged higher to 56.7 in November from 53.4 in October to show that the economic activity in the manufacturing sector continued to expand at a robust pace. This reading beat the market expectation of 53 by a wide margin.
WASHINGTON/HONG KONG (Reuters) - Asian shares climbed on Tuesday as news U.S. President-elect Joe Biden was given the go-ahead to begin his White House transition added to an already brighter mood from progress made on COVID-19 vaccine and the prospects for a speedy global economic revival
TOKYO (Reuters) - Risk-sensitive currencies gained on Tuesday as investors breathed easier after U.S. President Donald Trump accepted the start of a transition to a Biden administration, that is expected to include former Federal Reserve Chair Janet Yellen as Treasury secretary.
SINGAPORE (Reuters) - Brent crude prices hit their highest levels since March as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition.
NEW DELHI: In a unique initiative, tyre manufacturers are pumping money to grow raw material — natural rubber — in the northeast. This is a template that could be repeated in other sectors, including price-sensitive vegetables such as tomatoes, onions and potatoes. The move comes as the government, which had licensed the import of tyres, has agreed to offer some relaxation.
SEOUL, Nov 23 (Reuters) - South Korean exports grew 11.1% in the first 20 days of November from the same period a year earlier, government data showed on Monday, reversing a 5.9% decline in the previous month, helped by strong chip sales and overseas demand.
