U.S. stocks ended higher Friday, with support attributed in part to optimism over a coronavirus treatment as investors attempt to gauge the threat to the economic outlook from a rise in COVID-19 cases. How did benchmarks perform? The Dow Jones Industrial Average DJIA, +1.43% rose 369.21 points, or 1.4%,Read More →
The Gemini cryptocurrency exchange is expanding further into Asia with the appointment of former Leonteq Asia CEO Jeremy Ng as Managing Director of Asia Pacific region. The move sets the Winklevoss twins’ exchange up to apply for a license under Singapore’s 2019 Payment Services Act, which requires at least oneRead More →
© Reuters. FILE PHOTO: A Renault Clio E-Tech Hybrid car is seen at Brussels Motor Show PARIS (Reuters) – French carmaker Renault (PA:) on Friday posted its first loss in 10 years and set a lower operating margin goal for 2020, a crunch year for its planned reboot alongside partnerRead More →
© Reuters. BP’s new Chief Executive Bernard Looney gives a speech in central London By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP (LON:) set one of the oil sector’s most ambitious targets for curbing carbon emissions on Wednesday as new chief executive Bernard Looney began the biggest revampRead More →
BEIJING (Reuters) – China Southern (NYSE:) Air Holding, the parent of China Southern Airlines (SS:), has set up a cargo company with registered capital of 1 billion yuan ($143 million), as it looks to consolidate its air cargo assets through state-led reforms. The move from December 24 was disclosed byRead More →
© Reuters. A parking sign for electric vehicles is pictured in Gruenheide By Edward Taylor and Paul Carrel BERLIN (Reuters) – Tesla (O:) will build its first European factory and design center near Berlin, giving the U.S. electric car pioneer the coveted “Made in Germany” label just as local rivalsRead More →
© Reuters. U.S. Justice Department building is seen in Washington WASHINGTON (Reuters) – The Justice Department said on Tuesday it had created a strike force that will identify and prosecute companies that fix prices or collude to push up the cost of billions of dollars’ worth of U.S. government purchases.Read More →
The U.S. and Japan on Wednesday signed a limited trade deal that will eliminate tariffs and expand market access on farm, industrial and digital products. But the deal does not address autos, a key sticking point during months of contentious negotiations, and President Donald Trump indicated the two countries wereRead More →
The Mouse just roared. The Walt Disney Co. DIS, +2.58% on Tuesday fired a formidable first shot in what is likely to be a prolonged streaming war this year and next that parallels Marvel’s “Avengers: Endgame”: Beginning Nov. 12, when Disney’s ambitious streaming service debuts, U.S. consumers will be ableRead More →
BANGKOK (AP) — Shares in Asia traded mostly higher Friday after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time. Japan’s Nikkei 225 index NIK, +0.20% edged 0.1% higher and the Hang Seng HSI, +0.35% in Hong Kong addedRead More →
The S&P 500 index clinched another all-time high on Tuesday afternoon, even as trading in assets perceived as safe havens, like U.S. Treasuries, benefitted from pessimism about the global economic outlook and the prospect of an ongoing trade war with China. How are benchmarks faring? The Dow Jones Industrial AverageRead More →
© Reuters. People enter and exit 200 West Street the Goldman Sachs building in New York By Echo Wang (Reuters) – Goldman Sachs Group Inc (NYSE:) is setting targets for hiring minority groups for the first time as it ramps up efforts to diversify its workforce, according to a memoRead More →
