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FINANCIAL WORLD
European shares wind up month at record highs on financials’ gains, US spending plan. Precious gold blows past $1,900 psychological knob as US inflation soars. Chicago corn dips to one-month low on prospects of good harvest, technical selling. cryptocurrency. Bitcoin nosedives13%,
FRENCH PROSECUTORS OPEN PROBE INTO LEBANESE CENTRAL BANK French Prosecutors had launched a preliminary probe into money laundering charges against the Lebanese Central Bank Governor Riad Salameh, an AFP news report published late on Sunday had unleashed. Apart from that, the French news agency, Agence France-Presse or AFP report had quoted one of the unnamed sources as saying that theCentral Bank
IRVING'S EXXON LOSES BOARD SEATS TO ACTIVIST HEDGE FUND IN Irving's Exxon loses board seats to activist hedge fund in landmark climate vote. On Wednesday, Exxon Mobil Corp., the Irving, Texas-headquartered American multinational oil & natgas behemoth, had been met with a massive backlash regarding its slated course of action on carbon footprints and future growth, which is thought to havelargely
TEXAS-BASED US INSURER AMERICAN NATIONAL GROUP INC. UP FOR insurance. American National Group Inc., the century-old American life insurance company headquartered on Galveston, Texas, had been brewing off options which could include a potential sale of the US insurer, people familiar with the subject-matter had unveiled late on Tuesday on condition of anonymity given the scale of sensitivity of the issue. US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH News. economy. On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden onearly-January had
OSAKA, LEWANDOWSKI-BACKED SPAC SEEKS TO RAISE $250 MILLION Osaka, Lewandowski-backed SPAC seeks to raise $250 million in US IPO. MARCH 20, 2021 00:00. by SOURAV D | VIEW 1001. Home. News. business. Late on Thursday, a regulatory filing with US SEC (Securities and Exchange Commission) had unfurled that a blank-check firm or SPAC (Special Purpose Acquisition Company) backed by top-tier athleteslikes of
HONDA MOTOR QUITS BRITISH MANUFACTURING AFTER SALE OF Honda Motor quits British manufacturing after sale of Swindon plant to Panattoni. On Saturday, a spokesperson for Japanese multinational automotive conglomerate Honda Motor Co. said in a statement that the automaker had agreed to a divestiture of its only remaining British car plant at Swindon in Southern England, as the Tokyo-based73-year-old
US EXISTING HOME SALES RISE AS INVENTORY TUMBLES TO RECORD LOW In tandem, according to data from the National Association of Realtors, US existing home sales rose by 0.7 per cent to a seasonally adjusted 6.76 million in December, beating an analysts’ forecast of 6.55 million units, while on a year-on-year basis, exiting home sales skyrocketed 22.2 per cent in December compared to the same time a year NUTELLA-MAKER FERRERO REVENUE REACHES $12 BILLION AFTER Nutella-maker Ferrero revenue reaches $12 billion after Nestle acquisition. In the fiscal year ended in last August, the Nutella-maker Ferrero had generated revenues worth of $12 billion, as the group included sales of products such as BabyRuth Chocolates Bars and Butterfinger, bought from the Nestle at the end of March 2018. CHEVRON PHILLIPS TO ACQUIRE NOVA CHEMICAL AT A $15 BILLION Chevron Phillips Chemical, a nineteen-years-old JV between the Chevron Corp. and Phillips, headquartered in The Woodlands, Texas, had offered a bid of around $15 billion including debt to acquire Nova Chemical Corp., a Canadian plastic and chemical company headquartered in Calgary, people familiar with the talks had revealed on Thursday, theFINANCIAL WORLD
European shares wind up month at record highs on financials’ gains, US spending plan. Precious gold blows past $1,900 psychological knob as US inflation soars. Chicago corn dips to one-month low on prospects of good harvest, technical selling. cryptocurrency. Bitcoin nosedives13%,
FRENCH PROSECUTORS OPEN PROBE INTO LEBANESE CENTRAL BANK French Prosecutors had launched a preliminary probe into money laundering charges against the Lebanese Central Bank Governor Riad Salameh, an AFP news report published late on Sunday had unleashed. Apart from that, the French news agency, Agence France-Presse or AFP report had quoted one of the unnamed sources as saying that theCentral Bank
IRVING'S EXXON LOSES BOARD SEATS TO ACTIVIST HEDGE FUND IN Irving's Exxon loses board seats to activist hedge fund in landmark climate vote. On Wednesday, Exxon Mobil Corp., the Irving, Texas-headquartered American multinational oil & natgas behemoth, had been met with a massive backlash regarding its slated course of action on carbon footprints and future growth, which is thought to havelargely
TEXAS-BASED US INSURER AMERICAN NATIONAL GROUP INC. UP FOR insurance. American National Group Inc., the century-old American life insurance company headquartered on Galveston, Texas, had been brewing off options which could include a potential sale of the US insurer, people familiar with the subject-matter had unveiled late on Tuesday on condition of anonymity given the scale of sensitivity of the issue. US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH News. economy. On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden onearly-January had
OSAKA, LEWANDOWSKI-BACKED SPAC SEEKS TO RAISE $250 MILLION Osaka, Lewandowski-backed SPAC seeks to raise $250 million in US IPO. MARCH 20, 2021 00:00. by SOURAV D | VIEW 1001. Home. News. business. Late on Thursday, a regulatory filing with US SEC (Securities and Exchange Commission) had unfurled that a blank-check firm or SPAC (Special Purpose Acquisition Company) backed by top-tier athleteslikes of
HONDA MOTOR QUITS BRITISH MANUFACTURING AFTER SALE OF Honda Motor quits British manufacturing after sale of Swindon plant to Panattoni. On Saturday, a spokesperson for Japanese multinational automotive conglomerate Honda Motor Co. said in a statement that the automaker had agreed to a divestiture of its only remaining British car plant at Swindon in Southern England, as the Tokyo-based73-year-old
US EXISTING HOME SALES RISE AS INVENTORY TUMBLES TO RECORD LOW In tandem, according to data from the National Association of Realtors, US existing home sales rose by 0.7 per cent to a seasonally adjusted 6.76 million in December, beating an analysts’ forecast of 6.55 million units, while on a year-on-year basis, exiting home sales skyrocketed 22.2 per cent in December compared to the same time a year NUTELLA-MAKER FERRERO REVENUE REACHES $12 BILLION AFTER Nutella-maker Ferrero revenue reaches $12 billion after Nestle acquisition. In the fiscal year ended in last August, the Nutella-maker Ferrero had generated revenues worth of $12 billion, as the group included sales of products such as BabyRuth Chocolates Bars and Butterfinger, bought from the Nestle at the end of March 2018. CHEVRON PHILLIPS TO ACQUIRE NOVA CHEMICAL AT A $15 BILLION Chevron Phillips Chemical, a nineteen-years-old JV between the Chevron Corp. and Phillips, headquartered in The Woodlands, Texas, had offered a bid of around $15 billion including debt to acquire Nova Chemical Corp., a Canadian plastic and chemical company headquartered in Calgary, people familiar with the talks had revealed on Thursday, theFINANCIAL WORLD
European shares wind up month at record highs on financials’ gains, US spending plan. Precious gold blows past $1,900 psychological knob as US inflation soars. Chicago corn dips to one-month low on prospects of good harvest, technical selling. cryptocurrency. Bitcoin nosedives13%,
WALL ST. EKES OUT GAINS TO CLOSE LACKLUSTRE WEEK AS S&P Home; News; stock markets; On Friday, a slew of Wall St. stock indices had closed out the session marginally higher with benchmark S&P 500 alongside tech-heavy Nasdaq clocking weekly percentage gains, rounding off a tumultuous week which was largely pivoted by Thursday’s US inflation data.. In point of fact, all three major stock indices in the Wall St. remained mostly range-bound CHINA’S IMPORTS GROW AT THE FASTEST PACE IN DECADE AS Home; News; economy; On Monday, China’s Customs data had unveiled that the world’s second-largest economy’s imports soared by the steepest pace in more than a decade in May, largely boosted up by an increase in demands of raw materials in context of an ease of pandemic restrictions coupled with a reopening of major economies including EU and the US, though China’s exports growth ECB FORECASTS BRIGHTER OUTLOOK, BUT PLEDGES TO STEADY 11 hours ago · Home; News; loans; On Thursday, the European Central Bank, a Frankfurt-based monetary union for 19 EU member states, had raised its full-year growth projections, however, had pledged not to discontinue a steady flow of fiscal stimulus at least until Summer over frets that a tapering of monetary supports would lead to a sharp rise in borrowing costs, which in effect would stir up every WALL ST. EDGES LOWER AS INVESTORS AWAIT FRESH IMPETUS Home; News; stock markets; On Monday, a slew of US stock indices closed out the session in a mixed tenure with both trade-sensitive Dow and benchmark S&P 500 wrapping up the day in red inks, as investors remained utterly cautious a day after the Finance Ministers of Group of Seven (G7) had agreed to a global minimum corporate tax rate.. In point of fact, in the day’s heedful moves from US CONSUMER PRICES INDEX RISES SOLIDLY IN MAY AS INFLATION 16 hours ago · Home; News; economy; In context of a robust reopening of US economy coupled with a modest recovery in labour markets despite a supply restrain, the US Consumer Prices Index (CPI) that tracks the changes in prices of goods and services which consumers are laying off on an adjusted basis, rose solidly in May following a 0.8 per cent increase in April, as US inflation based on CPI had VOLKSWAGEN MULLS PAY-PER-USE AUTONOMOUS DRIVING STARTING 1 day ago · Home; News; business; Volkswagen, the Wolfsburg-headquartered German carmaker that had sold off the highest number of passenger vehicles in 2018 and 2019 despite an ongoing demand-crunch, was brewing off an option to offer self-driving technology on a pay-per-use basis, one of the automotive industry giant’s board members had said in an interview with a Germannewspaper Die Welt.
SOCIALIST CASTILLO LEADS PERUVIAN PRESIDENTIAL ELECTION AS Home; News; economy; In what could be contemplated as the latest in a series of potential political depolarization in LATAM economy with far-left leaders leading a majority of South American countries amid a growing influence of Beijing on the region, Peruvian Socialist contender Pedro Castillo had been set to snatch up a landmark triumph over far-right Keito Fujimori in the country’s latest DETTOL-MAKER RECKITT TO SELL CHINA BABY FORMULA BUSINESS On Saturday, British consumer goods company Reckitt said that it had decided to sell off China baby formula business KANSAS’ QTS REALTY TRUST TO GO PRIVATE IN $10 BILLION Home; News; business; On Monday, Blackstone Group Inc., the largest alternative asset manager around the globe having had $619 billion worth of assets under management to-date, had issued a statement on Monday saying that the New York City-based investment firm had been exploring an option to take a Kansas-based data centre operator QTS Realty Trust Inc private in an all-cash $10 WALL ST. TUMBLES IN SEESAW SESSION AHEAD OF KEY INFLATION DATA 11 hours ago · Home; News; stock markets; On Wednesday, all three key indices of Wall St. had closed out the session modestly lower following a late-afternoon sell-off wave, as a key US CPI (Consumers Prices Index) inflation data scheduled to be released on Thursday had proffered a sagacious excuse for market participants to catch their breaths.. In point of fact, a slew of major US stock indices remained ATLANTA’S UPS SHARES SOUR AS INVESTORS FRET OVER POST 6 hours ago · Home; News; business; On Wednesday, shares’ prices of United Parcel Service Inc., the Atlanta, Georgia-headquartered American multinational courier services provider known for delivering almost a whole shebang ranging from Amazon packages to pandemic vaccines, plunged as much as 6 per cent in morning US trading hours after the company had forecasted a disappointing post-pandemic US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH News. economy. On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden onearly-January had
VOLKSWAGEN MULLS PAY-PER-USE AUTONOMOUS DRIVING STARTING 8 hours ago · Home; News; business; Volkswagen, the Wolfsburg-headquartered German carmaker that had sold off the highest number of passenger vehicles in 2018 and 2019 despite an ongoing demand-crunch, was brewing off an option to offer self-driving technology on a pay-per-use basis, one of the automotive industry giant’s board members had said in an interview with a Germannewspaper Die Welt.
SOCIALIST CASTILLO LEADS PERUVIAN PRESIDENTIAL ELECTION AS Home; News; economy; In what could be contemplated as the latest in a series of potential political depolarization in LATAM economy with far-left leaders leading a majority of South American countries amid a growing influence of Beijing on the region, Peruvian Socialist contender Pedro Castillo had been set to snatch up a landmark triumph over far-right Keito Fujimori in the country’s latest VOLKSWAGEN MULLS PAY-PER-USE AUTONOMOUS DRIVING STARTING 15 hours ago · Home; News; business; On Tuesday, Google LLC., the Alphabet Inc-owned world’s No 1 internet services provider, said that the search engine giant would allow its rivals to compete for free to become default search engines on Android devices in Europe starting from September this year, marking up the first mega-cap US tech conglomerate to bow down under fierce pressure from EU antitrust CUPERTINO’S APPLE INC., CHINESE MANUFACTURERS IN TALKS ON 20 hours ago · Home; News; business; In the latest flashpoint of an un-scratchable itch among the US-based e-vehicle makers to domestically manufacture EV batteries, Cupertino, California-based iPhone maker Apple Inc has been in an advanced-stage talk with China’s CATL, a potential supplier for Tesla Inc., and BYD about supply of batteries for its slated e-vehicles, at least four peoplefamiliar with the
MOUNTAIN VIEW’S GOOGLE LOOSENS SEARCH ENGINE GRIP ON 1 day ago · Home; News; business; On Tuesday, Google LLC., the Alphabet Inc-owned world’s No 1 internet services provider, said that the search engine giant would allow its rivals to compete for free to become default search engines on Android devices in Europe starting from September this year, marking up the first mega-cap US tech conglomerate to bow down under fierce pressure from EU antitrust BUFFET’S BERKSHIRE BUYS INSURER AON, SLASHES STAKE IN In the latest flashpoint of a high-flying US equity market making traders more wary of valuations, Buffet’s investment conglomerate Berkshire Hathaway said on Monday that the company had sold off a large chunk of its stakes in Chevron and Wells Fargo & Co, however, had purchased a $943 million worth of stake in the UK-based insurerAon Plc.
PALO ALTO’S TESLA REVISES PLAN FOR GERMAN FACTORY, SCOLDS Tesla Inc., the Palo Alto, California-headquartered world’s largest automaker by market valuation, had revised its application for a German Gigafactory later last week, while the revised application included more details on plans to manufacture on-site battery cells alongside an expansion of other production lines, the German officialssaid.
WALL ST. TUMBLES IN SEESAW SESSION AHEAD OF KEY INFLATION DATA 11 hours ago · Home; News; stock markets; On Wednesday, all three key indices of Wall St. had closed out the session modestly lower following a late-afternoon sell-off wave, as a key US CPI (Consumers Prices Index) inflation data scheduled to be released on Thursday had proffered a sagacious excuse for market participants to catch their breaths.. In point of fact, a slew of major US stock indices remained ATLANTA’S UPS SHARES SOUR AS INVESTORS FRET OVER POST 6 hours ago · Home; News; business; On Wednesday, shares’ prices of United Parcel Service Inc., the Atlanta, Georgia-headquartered American multinational courier services provider known for delivering almost a whole shebang ranging from Amazon packages to pandemic vaccines, plunged as much as 6 per cent in morning US trading hours after the company had forecasted a disappointing post-pandemic US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH News. economy. On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden onearly-January had
VOLKSWAGEN MULLS PAY-PER-USE AUTONOMOUS DRIVING STARTING 8 hours ago · Home; News; business; Volkswagen, the Wolfsburg-headquartered German carmaker that had sold off the highest number of passenger vehicles in 2018 and 2019 despite an ongoing demand-crunch, was brewing off an option to offer self-driving technology on a pay-per-use basis, one of the automotive industry giant’s board members had said in an interview with a Germannewspaper Die Welt.
SOCIALIST CASTILLO LEADS PERUVIAN PRESIDENTIAL ELECTION AS Home; News; economy; In what could be contemplated as the latest in a series of potential political depolarization in LATAM economy with far-left leaders leading a majority of South American countries amid a growing influence of Beijing on the region, Peruvian Socialist contender Pedro Castillo had been set to snatch up a landmark triumph over far-right Keito Fujimori in the country’s latest VOLKSWAGEN MULLS PAY-PER-USE AUTONOMOUS DRIVING STARTING 15 hours ago · Home; News; business; On Tuesday, Google LLC., the Alphabet Inc-owned world’s No 1 internet services provider, said that the search engine giant would allow its rivals to compete for free to become default search engines on Android devices in Europe starting from September this year, marking up the first mega-cap US tech conglomerate to bow down under fierce pressure from EU antitrust CUPERTINO’S APPLE INC., CHINESE MANUFACTURERS IN TALKS ON 20 hours ago · Home; News; business; In the latest flashpoint of an un-scratchable itch among the US-based e-vehicle makers to domestically manufacture EV batteries, Cupertino, California-based iPhone maker Apple Inc has been in an advanced-stage talk with China’s CATL, a potential supplier for Tesla Inc., and BYD about supply of batteries for its slated e-vehicles, at least four peoplefamiliar with the
MOUNTAIN VIEW’S GOOGLE LOOSENS SEARCH ENGINE GRIP ON 1 day ago · Home; News; business; On Tuesday, Google LLC., the Alphabet Inc-owned world’s No 1 internet services provider, said that the search engine giant would allow its rivals to compete for free to become default search engines on Android devices in Europe starting from September this year, marking up the first mega-cap US tech conglomerate to bow down under fierce pressure from EU antitrust BUFFET’S BERKSHIRE BUYS INSURER AON, SLASHES STAKE IN In the latest flashpoint of a high-flying US equity market making traders more wary of valuations, Buffet’s investment conglomerate Berkshire Hathaway said on Monday that the company had sold off a large chunk of its stakes in Chevron and Wells Fargo & Co, however, had purchased a $943 million worth of stake in the UK-based insurerAon Plc.
PALO ALTO’S TESLA REVISES PLAN FOR GERMAN FACTORY, SCOLDS Tesla Inc., the Palo Alto, California-headquartered world’s largest automaker by market valuation, had revised its application for a German Gigafactory later last week, while the revised application included more details on plans to manufacture on-site battery cells alongside an expansion of other production lines, the German officialssaid.
CHINA’S IMPORTS GROW AT THE FASTEST PACE IN DECADE AS 1 day ago · Home; News; economy; On Monday, China’s Customs data had unveiled that the world’s second-largest economy’s imports soared by the steepest pace in more than a decade in May, largely boosted up by an increase in demands of raw materials in context of an ease of pandemic restrictions coupled with a reopening of major economies including EU and the US, though China’s exports growth RUSSIA TO REMOVE DOLLAR ASSETS FROM $176BN WEALTH FUND Home; News; business; Kremlin had issued a statement later this week saying that the Russian National Wealth Fund having had assets worth of $176 billion as of August, 2020, would ditch out entire assets held in American currency in a move what analysts had branded as a political poker chip ahead of a Presidential US-Russia meet scheduled to take place late this month. US JUSTICE DEPT. SEIZES $2.3 MILLION IN BITCOIN PAID TO Home; News; business; Late on Monday, US Justice Department said in a statement that it had recouped a lump-sum of $2.3 million worth of bitcoin that Colonial Pipeline, the largest pipeline system in the United States, had paid off to gain access into its networks following the most catastrophic cyberattack on a US entity ever.. On top of that, Deputy Attorney General Lisa Monaco was quoted US INITIAL JOBLESS CLAIMS FALL BELOW 400,000 AS BUSINESSES Home; News; economy; In what could be contemplated as a vindication of a vivid illustration of a ballooning US economy, which appears to be recovering from a pandemic-led slump much-faster than anticipated following an acceleration in vaccination drive alongside release of massive Government stimulus, the number of Americans filing for first-time state unemployment aids fell below 400,000 last G7 FINANCE MINISTERS REACH HISTORIC DEAL TO REFORM GLOBAL Home; News; business; On Saturday, Finance Ministers of G7 nations including the United States and UK, had reached a milestone agreement to overhaul global corporate taxation system, largely in a bid to wring out more cashes by twisting mega-cap multinational conglomerates likes of Amazon and Facebook while crushing their policies to shift profits into low-tax overseas havens. VOLKSWAGEN MULLS PAY-PER-USE AUTONOMOUS DRIVING STARTING 8 hours ago · Home; News; business; Volkswagen, the Wolfsburg-headquartered German carmaker that had sold off the highest number of passenger vehicles in 2018 and 2019 despite an ongoing demand-crunch, was brewing off an option to offer self-driving technology on a pay-per-use basis, one of the automotive industry giant’s board members had said in an interview with a Germannewspaper Die Welt.
US JOB OPENINGS JUMP TO FRESH RECORD HIGH IN APRIL 1 day ago · Home; News; economy; On Tuesday, US Labour Department data had unveiled that US job openings had skyrocketed to a record high in April, while more Americans voluntarily quitted jobs in light of a massive Government stimulus, suggesting a latest lull in US job growth might be due to supply restraints.. On top of that, US Labour Department’s monthly JOLTS or Job Openings and Labour VOLKSWAGEN MULLS PAY-PER-USE AUTONOMOUS DRIVING STARTING 15 hours ago · Home; News; business; On Tuesday, Google LLC., the Alphabet Inc-owned world’s No 1 internet services provider, said that the search engine giant would allow its rivals to compete for free to become default search engines on Android devices in Europe starting from September this year, marking up the first mega-cap US tech conglomerate to bow down under fierce pressure from EU antitrust SOCIALIST CASTILLO LEADS PERUVIAN PRESIDENTIAL ELECTION AS Home; News; economy; In what could be contemplated as the latest in a series of potential political depolarization in LATAM economy with far-left leaders leading a majority of South American countries amid a growing influence of Beijing on the region, Peruvian Socialist contender Pedro Castillo had been set to snatch up a landmark triumph over far-right Keito Fujimori in the country’s latest MOUNTAIN VIEW’S GOOGLE LOOSENS SEARCH ENGINE GRIP ON 1 day ago · Home; News; business; On Tuesday, Google LLC., the Alphabet Inc-owned world’s No 1 internet services provider, said that the search engine giant would allow its rivals to compete for free to become default search engines on Android devices in Europe starting from September this year, marking up the first mega-cap US tech conglomerate to bow down under fierce pressure from EU antitrustFINANCIAL WORLD
European shares wind up month at record highs on financials’ gains, US spending plan. Precious gold blows past $1,900 psychological knob as US inflation soars. Chicago corn dips to one-month low on prospects of good harvest, technical selling. cryptocurrency. Bitcoin nosedives13%,
IRVING'S EXXON LOSES BOARD SEATS TO ACTIVIST HEDGE FUND IN Irving's Exxon loses board seats to activist hedge fund in landmark climate vote. On Wednesday, Exxon Mobil Corp., the Irving, Texas-headquartered American multinational oil & natgas behemoth, had been met with a massive backlash regarding its slated course of action on carbon footprints and future growth, which is thought to havelargely
US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH News. economy. On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden onearly-January had
TEXAS-BASED US INSURER AMERICAN NATIONAL GROUP INC. UP FOR insurance. American National Group Inc., the century-old American life insurance company headquartered on Galveston, Texas, had been brewing off options which could include a potential sale of the US insurer, people familiar with the subject-matter had unveiled late on Tuesday on condition of anonymity given the scale of sensitivity of the issue. HONDA MOTOR QUITS BRITISH MANUFACTURING AFTER SALE OF Honda Motor quits British manufacturing after sale of Swindon plant to Panattoni. On Saturday, a spokesperson for Japanese multinational automotive conglomerate Honda Motor Co. said in a statement that the automaker had agreed to a divestiture of its only remaining British car plant at Swindon in Southern England, as the Tokyo-based73-year-old
BIDEN TO PROPOSE ALMOST DOUBLING CAPITAL GAINS TAX RATE According to Biden’s latest proposal to hike tax rates, Americans might face off an overall tax rate of 43.4 per cent including a 3.8 per cent in additional taxation for the individuals earning more than $200,000. At this point, people earning above $200,000 have been laying off about 23.8 per cent in taxations including the Obamacarenet
OSAKA, LEWANDOWSKI-BACKED SPAC SEEKS TO RAISE $250 MILLION Home; News; business; Late on Thursday, a regulatory filing with US SEC (Securities and Exchange Commission) had unfurled that a blank-check firm or SPAC (Special Purpose Acquisition Company) backed by top-tier athletes likes of Polish Bayern Munich striker Robert Lewandowski and Japanese-American tennis sensation Naomi Osaka, had been brewing off an option to raise a stark US EXISTING HOME SALES RISE AS INVENTORY TUMBLES TO RECORD LOW In tandem, according to data from the National Association of Realtors, US existing home sales rose by 0.7 per cent to a seasonally adjusted 6.76 million in December, beating an analysts’ forecast of 6.55 million units, while on a year-on-year basis, exiting home sales skyrocketed 22.2 per cent in December compared to the same time a year NEW YORK’S TELEHEALTH COMPANY RO EXPLORES SPAC DEAL TO GO business. Roman Health Ventures Inc-owned online pharmacy and telehealth business Ro, headquartered in New York, had been in an advanced stage talk to go public via a merger deal with an SPAC or blank-check company that could value the firm over $4 billion, becoming the latest to bypass the conventional IPOs to go public, apress agency report
NUTELLA-MAKER FERRERO REVENUE REACHES $12 BILLION AFTER Nutella-maker Ferrero revenue reaches $12 billion after Nestle acquisition. In the fiscal year ended in last August, the Nutella-maker Ferrero had generated revenues worth of $12 billion, as the group included sales of products such as BabyRuth Chocolates Bars and Butterfinger, bought from the Nestle at the end of March 2018.FINANCIAL WORLD
European shares wind up month at record highs on financials’ gains, US spending plan. Precious gold blows past $1,900 psychological knob as US inflation soars. Chicago corn dips to one-month low on prospects of good harvest, technical selling. cryptocurrency. Bitcoin nosedives13%,
IRVING'S EXXON LOSES BOARD SEATS TO ACTIVIST HEDGE FUND IN Irving's Exxon loses board seats to activist hedge fund in landmark climate vote. On Wednesday, Exxon Mobil Corp., the Irving, Texas-headquartered American multinational oil & natgas behemoth, had been met with a massive backlash regarding its slated course of action on carbon footprints and future growth, which is thought to havelargely
US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH News. economy. On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden onearly-January had
TEXAS-BASED US INSURER AMERICAN NATIONAL GROUP INC. UP FOR insurance. American National Group Inc., the century-old American life insurance company headquartered on Galveston, Texas, had been brewing off options which could include a potential sale of the US insurer, people familiar with the subject-matter had unveiled late on Tuesday on condition of anonymity given the scale of sensitivity of the issue. HONDA MOTOR QUITS BRITISH MANUFACTURING AFTER SALE OF Honda Motor quits British manufacturing after sale of Swindon plant to Panattoni. On Saturday, a spokesperson for Japanese multinational automotive conglomerate Honda Motor Co. said in a statement that the automaker had agreed to a divestiture of its only remaining British car plant at Swindon in Southern England, as the Tokyo-based73-year-old
BIDEN TO PROPOSE ALMOST DOUBLING CAPITAL GAINS TAX RATE According to Biden’s latest proposal to hike tax rates, Americans might face off an overall tax rate of 43.4 per cent including a 3.8 per cent in additional taxation for the individuals earning more than $200,000. At this point, people earning above $200,000 have been laying off about 23.8 per cent in taxations including the Obamacarenet
OSAKA, LEWANDOWSKI-BACKED SPAC SEEKS TO RAISE $250 MILLION Home; News; business; Late on Thursday, a regulatory filing with US SEC (Securities and Exchange Commission) had unfurled that a blank-check firm or SPAC (Special Purpose Acquisition Company) backed by top-tier athletes likes of Polish Bayern Munich striker Robert Lewandowski and Japanese-American tennis sensation Naomi Osaka, had been brewing off an option to raise a stark US EXISTING HOME SALES RISE AS INVENTORY TUMBLES TO RECORD LOW In tandem, according to data from the National Association of Realtors, US existing home sales rose by 0.7 per cent to a seasonally adjusted 6.76 million in December, beating an analysts’ forecast of 6.55 million units, while on a year-on-year basis, exiting home sales skyrocketed 22.2 per cent in December compared to the same time a year NEW YORK’S TELEHEALTH COMPANY RO EXPLORES SPAC DEAL TO GO business. Roman Health Ventures Inc-owned online pharmacy and telehealth business Ro, headquartered in New York, had been in an advanced stage talk to go public via a merger deal with an SPAC or blank-check company that could value the firm over $4 billion, becoming the latest to bypass the conventional IPOs to go public, apress agency report
NUTELLA-MAKER FERRERO REVENUE REACHES $12 BILLION AFTER Nutella-maker Ferrero revenue reaches $12 billion after Nestle acquisition. In the fiscal year ended in last August, the Nutella-maker Ferrero had generated revenues worth of $12 billion, as the group included sales of products such as BabyRuth Chocolates Bars and Butterfinger, bought from the Nestle at the end of March 2018. KING DOLLAR CLIMBS TO THREE-WEEK PEAK AS US NON-FARM Home; News; currencies; On Thursday, the American currency had sharply clawed back from a three-week low following reveal of a better-than-anticipated US job data, while US Labour Department data pointing towards a further strengthening of labour market, had rekindled a beacon of hope that the world’s largest economy had been well en-route to rebound from a pandemic-induced RUSSIA TO REMOVE DOLLAR ASSETS FROM $176BN WEALTH FUND Home; News; business; Kremlin had issued a statement later this week saying that the Russian National Wealth Fund having had assets worth of $176 billion as of August, 2020, would ditch out entire assets held in American currency in a move what analysts had branded as a political poker chip ahead of a Presidential US-Russia meet scheduled to take place late this month. US JUSTICE DEPT. SEIZES $2.3 MILLION IN BITCOIN PAID TO 1 day ago · Home; News; business; Late on Monday, US Justice Department said in a statement that it had recouped a lump-sum of $2.3 million worth of bitcoin that Colonial Pipeline, the largest pipeline system in the United States, had paid off to gain access into its networks following the most catastrophic cyberattack on a US entity ever.. On top of that, Deputy Attorney General Lisa Monaco was quoted US INITIAL JOBLESS CLAIMS FALL BELOW 400,000 AS BUSINESSES Home; News; economy; In what could be contemplated as a vindication of a vivid illustration of a ballooning US economy, which appears to be recovering from a pandemic-led slump much-faster than anticipated following an acceleration in vaccination drive alongside release of massive Government stimulus, the number of Americans filing for first-time state unemployment aids fell below 400,000 last WALL ST. ENDS NEARLY FLATLINED; MEME STOCKS LIFT NASDAQ 11 hours ago · Home; News; stock markets; On Tuesday, a slew of US stock indices had struggled for directions amid a sheer lack of market impetus and wrapped up the session mostly dithered, however, a retail buying frenzy currently at its third straight week in a row had soared the so-called ‘meme stocks’, helping Nasdaq to wind up the day with a decent gain.. In point of fact, in the day’s Wall Street EL SALVADOR PRESIDENT SAYS WILL SEND BILL TO MAKE BITCOIN Home; News; cryptocurrency; On Saturday, Nayib Bukele, the President of El Salvador, a Central American economy on the South Pacific which relies almost entirely on foreign remittances, said that he would hand out a bill to the country’s Congress as early as next week in a bid to make bitcoin, the original cryptocurrency, a legal tender in the country, marking up a milestone event for the WALL ST. NOTCHES SECOND STRAIGHT WEEKLY GAIN AS JOBS Home; News; stock markets; On Friday, all three key indices of Wall St. rounded off the session in an upbeat tenure with so-called tech-related growth stocks leading the gains, as a softer-than-anticipated US nonfarm payrolls data in May had conciliated investors’ concern about an early withdrawal of fiscal support alongside a potential policy shift from the US FederalReserve.
KANSAS’ QTS REALTY TRUST TO GO PRIVATE IN $10 BILLION 21 hours ago · Home; News; business; On Monday, Blackstone Group Inc., the largest alternative asset manager around the globe having had $619 billion worth of assets under management to-date, had issued a statement on Monday saying that the New York City-based investment firm had been exploring an option to take a Kansas-based data centre operator QTS Realty Trust Inc private in an all-cash $10 BIDEN ORDERS TO BAN INVESTMENT IN 59 CHINESE DEFENCE AND Home; News; business; On Thursday, the Biden Administration had issued a new executive order according to which American investors would be barred from buying or selling publicly traded stocks of 59 Chinese companies likes of Xiaomi Corp, Semiconductor Manufacturing International Corp, Huawei Technologies Co Ltd alongside others which could have potential tie-up with defence or MENLO PARK’S FACEBOOK MARKETPLACE KEELS OVER EU & UK Home; News; business; In what could be contemplated as a new assault on Facebook’s revamped business model, both EU and UK antitrust authorities had formally launched probes into Facebook's Marketplace over charges that the Menlo Park, California-based social networking Goliath, might be using customer data in a bid to attain an unfair advantage in competition with advertisers.FINANCIAL WORLD
European shares wind up month at record highs on financials’ gains, US spending plan. Precious gold blows past $1,900 psychological knob as US inflation soars. Chicago corn dips to one-month low on prospects of good harvest, technical selling. cryptocurrency. Bitcoin nosedives13%,
IRVING'S EXXON LOSES BOARD SEATS TO ACTIVIST HEDGE FUND IN Irving's Exxon loses board seats to activist hedge fund in landmark climate vote. On Wednesday, Exxon Mobil Corp., the Irving, Texas-headquartered American multinational oil & natgas behemoth, had been met with a massive backlash regarding its slated course of action on carbon footprints and future growth, which is thought to havelargely
US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH News. economy. On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden onearly-January had
TEXAS-BASED US INSURER AMERICAN NATIONAL GROUP INC. UP FOR insurance. American National Group Inc., the century-old American life insurance company headquartered on Galveston, Texas, had been brewing off options which could include a potential sale of the US insurer, people familiar with the subject-matter had unveiled late on Tuesday on condition of anonymity given the scale of sensitivity of the issue. HONDA MOTOR QUITS BRITISH MANUFACTURING AFTER SALE OF Honda Motor quits British manufacturing after sale of Swindon plant to Panattoni. On Saturday, a spokesperson for Japanese multinational automotive conglomerate Honda Motor Co. said in a statement that the automaker had agreed to a divestiture of its only remaining British car plant at Swindon in Southern England, as the Tokyo-based73-year-old
BIDEN TO PROPOSE ALMOST DOUBLING CAPITAL GAINS TAX RATE According to Biden’s latest proposal to hike tax rates, Americans might face off an overall tax rate of 43.4 per cent including a 3.8 per cent in additional taxation for the individuals earning more than $200,000. At this point, people earning above $200,000 have been laying off about 23.8 per cent in taxations including the Obamacarenet
OSAKA, LEWANDOWSKI-BACKED SPAC SEEKS TO RAISE $250 MILLION Home; News; business; Late on Thursday, a regulatory filing with US SEC (Securities and Exchange Commission) had unfurled that a blank-check firm or SPAC (Special Purpose Acquisition Company) backed by top-tier athletes likes of Polish Bayern Munich striker Robert Lewandowski and Japanese-American tennis sensation Naomi Osaka, had been brewing off an option to raise a stark US EXISTING HOME SALES RISE AS INVENTORY TUMBLES TO RECORD LOW In tandem, according to data from the National Association of Realtors, US existing home sales rose by 0.7 per cent to a seasonally adjusted 6.76 million in December, beating an analysts’ forecast of 6.55 million units, while on a year-on-year basis, exiting home sales skyrocketed 22.2 per cent in December compared to the same time a year NEW YORK’S TELEHEALTH COMPANY RO EXPLORES SPAC DEAL TO GO business. Roman Health Ventures Inc-owned online pharmacy and telehealth business Ro, headquartered in New York, had been in an advanced stage talk to go public via a merger deal with an SPAC or blank-check company that could value the firm over $4 billion, becoming the latest to bypass the conventional IPOs to go public, apress agency report
NUTELLA-MAKER FERRERO REVENUE REACHES $12 BILLION AFTER Nutella-maker Ferrero revenue reaches $12 billion after Nestle acquisition. In the fiscal year ended in last August, the Nutella-maker Ferrero had generated revenues worth of $12 billion, as the group included sales of products such as BabyRuth Chocolates Bars and Butterfinger, bought from the Nestle at the end of March 2018.FINANCIAL WORLD
European shares wind up month at record highs on financials’ gains, US spending plan. Precious gold blows past $1,900 psychological knob as US inflation soars. Chicago corn dips to one-month low on prospects of good harvest, technical selling. cryptocurrency. Bitcoin nosedives13%,
IRVING'S EXXON LOSES BOARD SEATS TO ACTIVIST HEDGE FUND IN Irving's Exxon loses board seats to activist hedge fund in landmark climate vote. On Wednesday, Exxon Mobil Corp., the Irving, Texas-headquartered American multinational oil & natgas behemoth, had been met with a massive backlash regarding its slated course of action on carbon footprints and future growth, which is thought to havelargely
US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH News. economy. On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden onearly-January had
TEXAS-BASED US INSURER AMERICAN NATIONAL GROUP INC. UP FOR insurance. American National Group Inc., the century-old American life insurance company headquartered on Galveston, Texas, had been brewing off options which could include a potential sale of the US insurer, people familiar with the subject-matter had unveiled late on Tuesday on condition of anonymity given the scale of sensitivity of the issue. HONDA MOTOR QUITS BRITISH MANUFACTURING AFTER SALE OF Honda Motor quits British manufacturing after sale of Swindon plant to Panattoni. On Saturday, a spokesperson for Japanese multinational automotive conglomerate Honda Motor Co. said in a statement that the automaker had agreed to a divestiture of its only remaining British car plant at Swindon in Southern England, as the Tokyo-based73-year-old
BIDEN TO PROPOSE ALMOST DOUBLING CAPITAL GAINS TAX RATE According to Biden’s latest proposal to hike tax rates, Americans might face off an overall tax rate of 43.4 per cent including a 3.8 per cent in additional taxation for the individuals earning more than $200,000. At this point, people earning above $200,000 have been laying off about 23.8 per cent in taxations including the Obamacarenet
OSAKA, LEWANDOWSKI-BACKED SPAC SEEKS TO RAISE $250 MILLION Home; News; business; Late on Thursday, a regulatory filing with US SEC (Securities and Exchange Commission) had unfurled that a blank-check firm or SPAC (Special Purpose Acquisition Company) backed by top-tier athletes likes of Polish Bayern Munich striker Robert Lewandowski and Japanese-American tennis sensation Naomi Osaka, had been brewing off an option to raise a stark US EXISTING HOME SALES RISE AS INVENTORY TUMBLES TO RECORD LOW In tandem, according to data from the National Association of Realtors, US existing home sales rose by 0.7 per cent to a seasonally adjusted 6.76 million in December, beating an analysts’ forecast of 6.55 million units, while on a year-on-year basis, exiting home sales skyrocketed 22.2 per cent in December compared to the same time a year NEW YORK’S TELEHEALTH COMPANY RO EXPLORES SPAC DEAL TO GO business. Roman Health Ventures Inc-owned online pharmacy and telehealth business Ro, headquartered in New York, had been in an advanced stage talk to go public via a merger deal with an SPAC or blank-check company that could value the firm over $4 billion, becoming the latest to bypass the conventional IPOs to go public, apress agency report
NUTELLA-MAKER FERRERO REVENUE REACHES $12 BILLION AFTER Nutella-maker Ferrero revenue reaches $12 billion after Nestle acquisition. In the fiscal year ended in last August, the Nutella-maker Ferrero had generated revenues worth of $12 billion, as the group included sales of products such as BabyRuth Chocolates Bars and Butterfinger, bought from the Nestle at the end of March 2018. KING DOLLAR CLIMBS TO THREE-WEEK PEAK AS US NON-FARM Home; News; currencies; On Thursday, the American currency had sharply clawed back from a three-week low following reveal of a better-than-anticipated US job data, while US Labour Department data pointing towards a further strengthening of labour market, had rekindled a beacon of hope that the world’s largest economy had been well en-route to rebound from a pandemic-induced RUSSIA TO REMOVE DOLLAR ASSETS FROM $176BN WEALTH FUND Home; News; business; Kremlin had issued a statement later this week saying that the Russian National Wealth Fund having had assets worth of $176 billion as of August, 2020, would ditch out entire assets held in American currency in a move what analysts had branded as a political poker chip ahead of a Presidential US-Russia meet scheduled to take place late this month. US JUSTICE DEPT. SEIZES $2.3 MILLION IN BITCOIN PAID TO 16 hours ago · Home; News; business; Late on Monday, US Justice Department said in a statement that it had recouped a lump-sum of $2.3 million worth of bitcoin that Colonial Pipeline, the largest pipeline system in the United States, had paid off to gain access into its networks following the most catastrophic cyberattack on a US entity ever.. On top of that, Deputy Attorney General Lisa Monaco was quoted US INITIAL JOBLESS CLAIMS FALL BELOW 400,000 AS BUSINESSES Home; News; economy; In what could be contemplated as a vindication of a vivid illustration of a ballooning US economy, which appears to be recovering from a pandemic-led slump much-faster than anticipated following an acceleration in vaccination drive alongside release of massive Government stimulus, the number of Americans filing for first-time state unemployment aids fell below 400,000 last WALL ST. ENDS NEARLY FLATLINED; MEME STOCKS LIFT NASDAQ Home; News; stock markets; On Tuesday, a slew of US stock indices had struggled for directions amid a sheer lack of market impetus and wrapped up the session mostly dithered, however, a retail buying frenzy currently at its third straight week in a row had soared the so-called ‘meme stocks’, helping Nasdaq to wind up the day with a decent gain.. In point of fact, in the day’s Wall Street EL SALVADOR PRESIDENT SAYS WILL SEND BILL TO MAKE BITCOIN 1 day ago · Home; News; cryptocurrency; On Saturday, Nayib Bukele, the President of El Salvador, a Central American economy on the South Pacific which relies almost entirely on foreign remittances, said that he would hand out a bill to the country’s Congress as early as next week in a bid to make bitcoin, the original cryptocurrency, a legal tender in the country, marking up a milestone event for the WALL ST. NOTCHES SECOND STRAIGHT WEEKLY GAIN AS JOBS Home; News; stock markets; On Friday, all three key indices of Wall St. rounded off the session in an upbeat tenure with so-called tech-related growth stocks leading the gains, as a softer-than-anticipated US nonfarm payrolls data in May had conciliated investors’ concern about an early withdrawal of fiscal support alongside a potential policy shift from the US FederalReserve.
KANSAS’ QTS REALTY TRUST TO GO PRIVATE IN $10 BILLION 11 hours ago · Home; News; business; On Monday, Blackstone Group Inc., the largest alternative asset manager around the globe having had $619 billion worth of assets under management to-date, had issued a statement on Monday saying that the New York City-based investment firm had been exploring an option to take a Kansas-based data centre operator QTS Realty Trust Inc private in an all-cash $10 BIDEN ORDERS TO BAN INVESTMENT IN 59 CHINESE DEFENCE AND Home; News; business; On Thursday, the Biden Administration had issued a new executive order according to which American investors would be barred from buying or selling publicly traded stocks of 59 Chinese companies likes of Xiaomi Corp, Semiconductor Manufacturing International Corp, Huawei Technologies Co Ltd alongside others which could have potential tie-up with defence or MENLO PARK’S FACEBOOK MARKETPLACE KEELS OVER EU & UK Home; News; business; In what could be contemplated as a new assault on Facebook’s revamped business model, both EU and UK antitrust authorities had formally launched probes into Facebook's Marketplace over charges that the Menlo Park, California-based social networking Goliath, might be using customer data in a bid to attain an unfair advantage in competition with advertisers.FINANCIAL WORLD
Financial World featuring business news, stats, investments, currencies and cryptocurrency DETTOL-MAKER RECKITT TO SELL CHINA BABY FORMULA BUSINESS 7 hours ago · On Saturday, British consumer goods company Reckitt said that it had decided to sell off China baby formula business IRVING'S EXXON LOSES BOARD SEATS TO ACTIVIST HEDGE FUND IN Home; News; business; On Wednesday, Exxon Mobil Corp., the Irving, Texas-headquartered American multinational oil & natgas behemoth, had been met with a massive backlash regarding its slated course of action on carbon footprints and future growth, which is thought to have largely hinged on fossil fuels, as Exxon shareholders had voted to inject at least two members nominated by a tiny TEXAS-BASED US INSURER AMERICAN NATIONAL GROUP INC. UP FOR Home; News; insurance; American National Group Inc., the century-old American life insurance company headquartered on Galveston, Texas, had been brewing off options which could include a potential sale of the US insurer, people familiar with the subject-matter had unveiled late on Tuesday on condition of anonymity given the scale of sensitivity ofthe issue.
US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH Home; News; economy; On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden on early-January had been distributed, pushing forth WALL ST. ENDS MOSTLY FLAT AHEAD OF EARNINGS WAVE WITH FED Home; News; stock markets; On Tuesday, lackadaisical earnings’ reports from a raft of corporate giants including 3M and Tesla Inc had weighed heavily on Wall St. as benchmark S&P 500 and trade-sensitive Dow closed out the session nearly flatlined ahead of a flurry of earnings’ reports from mega-cap tech stocks such as Microsoft, Google alongside other top-tier corporate giants, while HONDA MOTOR QUITS BRITISH MANUFACTURING AFTER SALE OF Home; News; business; On Saturday, a spokesperson for Japanese multinational automotive conglomerate Honda Motor Co. said in a statement that the automaker had agreed to a divestiture of its only remaining British car plant at Swindon in Southern England, as the Tokyo-based 73-year-old automotive industry megalith had sold off its Swindon plant to Irvine, California-based OSAKA, LEWANDOWSKI-BACKED SPAC SEEKS TO RAISE $250 MILLION Home; News; business; Late on Thursday, a regulatory filing with US SEC (Securities and Exchange Commission) had unfurled that a blank-check firm or SPAC (Special Purpose Acquisition Company) backed by top-tier athletes likes of Polish Bayern Munich striker Robert Lewandowski and Japanese-American tennis sensation Naomi Osaka, had been brewing off an option to raise a stark S&P CUTS CRUISE OPERATOR MOBY’S RATING TO ‘SELECTIVE Home; News; business; On Friday, the 14th of February 2020, the global credit rating agency S&P, often contemplated as one of the top three global rating agencies alongside Fitch and Moody’s, had downgraded the credit rating of the 61-year-old Milan-based Italian shipping company Moby Lines SpA to SD or (Selective Default) from a previous CCC-.. In point of fact, latest decision of S&P to JEAN-CLAUDE JUNCKER REGRETS EU'S NON-INVOLVEMENT IN 2016 The EU Commission president also said there would be a border marked between Ireland and North Ireland in case of a no-deal BrexitFINANCIAL WORLD
Financial World featuring business news, stats, investments, currencies and cryptocurrency DETTOL-MAKER RECKITT TO SELL CHINA BABY FORMULA BUSINESS 7 hours ago · On Saturday, British consumer goods company Reckitt said that it had decided to sell off China baby formula business IRVING'S EXXON LOSES BOARD SEATS TO ACTIVIST HEDGE FUND IN Home; News; business; On Wednesday, Exxon Mobil Corp., the Irving, Texas-headquartered American multinational oil & natgas behemoth, had been met with a massive backlash regarding its slated course of action on carbon footprints and future growth, which is thought to have largely hinged on fossil fuels, as Exxon shareholders had voted to inject at least two members nominated by a tiny TEXAS-BASED US INSURER AMERICAN NATIONAL GROUP INC. UP FOR Home; News; insurance; American National Group Inc., the century-old American life insurance company headquartered on Galveston, Texas, had been brewing off options which could include a potential sale of the US insurer, people familiar with the subject-matter had unveiled late on Tuesday on condition of anonymity given the scale of sensitivity ofthe issue.
US BUDGET DEFICIT HITS RECORD $666 BILLION IN MARCH WITH Home; News; economy; On Monday, US Treasury Department had issued a statement saying that the US Government of President Biden had reported a budget deficit of $660 billion in March, a record high for the month, as direct pay-checks to Americans under a $1.9 trillion fiscal stimulus package proposed by the US President Joe Biden on early-January had been distributed, pushing forth WALL ST. ENDS MOSTLY FLAT AHEAD OF EARNINGS WAVE WITH FED Home; News; stock markets; On Tuesday, lackadaisical earnings’ reports from a raft of corporate giants including 3M and Tesla Inc had weighed heavily on Wall St. as benchmark S&P 500 and trade-sensitive Dow closed out the session nearly flatlined ahead of a flurry of earnings’ reports from mega-cap tech stocks such as Microsoft, Google alongside other top-tier corporate giants, while HONDA MOTOR QUITS BRITISH MANUFACTURING AFTER SALE OF Home; News; business; On Saturday, a spokesperson for Japanese multinational automotive conglomerate Honda Motor Co. said in a statement that the automaker had agreed to a divestiture of its only remaining British car plant at Swindon in Southern England, as the Tokyo-based 73-year-old automotive industry megalith had sold off its Swindon plant to Irvine, California-based OSAKA, LEWANDOWSKI-BACKED SPAC SEEKS TO RAISE $250 MILLION Home; News; business; Late on Thursday, a regulatory filing with US SEC (Securities and Exchange Commission) had unfurled that a blank-check firm or SPAC (Special Purpose Acquisition Company) backed by top-tier athletes likes of Polish Bayern Munich striker Robert Lewandowski and Japanese-American tennis sensation Naomi Osaka, had been brewing off an option to raise a stark S&P CUTS CRUISE OPERATOR MOBY’S RATING TO ‘SELECTIVE Home; News; business; On Friday, the 14th of February 2020, the global credit rating agency S&P, often contemplated as one of the top three global rating agencies alongside Fitch and Moody’s, had downgraded the credit rating of the 61-year-old Milan-based Italian shipping company Moby Lines SpA to SD or (Selective Default) from a previous CCC-.. In point of fact, latest decision of S&P to JEAN-CLAUDE JUNCKER REGRETS EU'S NON-INVOLVEMENT IN 2016 The EU Commission president also said there would be a border marked between Ireland and North Ireland in case of a no-deal BrexitFINANCIAL WORLD
Financial World featuring business news, stats, investments, currencies and cryptocurrency KING DOLLAR CLIMBS TO THREE-WEEK PEAK AS US NON-FARM Home; News; currencies; On Thursday, the American currency had sharply clawed back from a three-week low following reveal of a better-than-anticipated US job data, while US Labour Department data pointing towards a further strengthening of labour market, had rekindled a beacon of hope that the world’s largest economy had been well en-route to rebound from a pandemic-induced G7 FINANCE MINISTERS REACH HISTORIC DEAL TO REFORM GLOBAL 1 day ago · Home; News; business; On Saturday, Finance Ministers of G7 nations including the United States and UK, had reached a milestone agreement to overhaul global corporate taxation system, largely in a bid to wring out more cashes by twisting mega-cap multinational conglomerates likes of Amazon and Facebook while crushing their policies to shift profits into low-tax overseas havens. RUSSIA TO REMOVE DOLLAR ASSETS FROM $176BN WEALTH FUND 1 day ago · Home; News; business; Kremlin had issued a statement later this week saying that the Russian National Wealth Fund having had assets worth of $176 billion as of August, 2020, would ditch out entire assets held in American currency in a move what analysts had branded as a political poker chip ahead of a Presidential US-Russia meet scheduled to take place late this month. FRENCH PROSECUTORS OPEN PROBE INTO LEBANESE CENTRAL BANK 22 hours ago · Home; News; business; French Prosecutors had launched a preliminary probe into money laundering charges against the Lebanese Central Bank Governor Riad Salameh, an AFP news report published late on Sunday had unleashed. Apart from that, the French news agency, Agence France-Presse or AFP report had quoted one of the unnamed sources as saying that the Central Bank Governor of EL SALVADOR PRESIDENT SAYS WILL SEND BILL TO MAKE BITCOIN 17 hours ago · Home; News; cryptocurrency; On Saturday, Nayib Bukele, the President of El Salvador, a Central American economy on the South Pacific which relies almost entirely on foreign remittances, said that he would hand out a bill to the country’s Congress as early as next week in a bid to make bitcoin, the original cryptocurrency, a legal tender in the country, marking up a milestoneevent for the
DETTOL-MAKER RECKITT TO SELL CHINA BABY FORMULA BUSINESS 7 hours ago · On Saturday, British consumer goods company Reckitt said that it had decided to sell off China baby formula business COLUMBIA’S US SEC OUSTS HEAD OF ACCOUNTING WATCHDOG, PUTS 12 hours ago · Home; News; business; The US SEC (Securities and Exchange Commission), an independent agency of the Federal Government, whose accounting watchdog PCAOB (Public Company Accounting Oversight Board) had long been criticized by the Democrats for being toothless, said later last week that the Washington DC-based US market regulator had ousted the head of PCAOB, the oversight EUROPEAN SHARES WRAP AT RECORD HIGHS AS SOFT US PAYROLLS 1 day ago · Home; News; investment; A basket of European bourses had rounded off the week at record highs as a softer-than-anticipated US employment data had allayed investors’ palpitation on a plausible tapering of fiscal supports from the US Federal Reserve, while growing optimism about a euro zone economy which remains resilient against a pandemic-led downturn since the inception of an BIDEN ORDERS TO BAN INVESTMENT IN 59 CHINESE DEFENCE AND Home; News; business; On Thursday, the Biden Administration had issued a new executive order according to which American investors would be barred from buying or selling publicly traded stocks of 59 Chinese companies likes of Xiaomi Corp, Semiconductor Manufacturing International Corp, Huawei Technologies Co Ltd alongside others which could have potential tie-up with defence orGoogle News
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WALL ST. REBOUNDS AS AMAZON AND NETFLIX HIT RECORD CLOSING HIGHSSTOCK MARKETS
On Thursday, the 16th of April 2020, a slew of US stocks eked out gains following two consecutive session of losses as Seattle retailer Amazon.com Inc. alongside Netflix Inc. had hit their record closinghighs
Apr 17, 2020
BUSINESS
IMF APPROVES CREATION OF SHORT-TERM CREDIT LINES FOR DEVELOPED,EMERGING COUNTRIES
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OHIO’S P&G BOOSTS DIVIDENDS, SETS TO RELEASE EARNINGS AHEAD OFSCHEDULE
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NOKIA SHARES SKYROCKET 12.5% ON REPORTS OF A HOSTILE $17.4 BILLIONTAKEOVER BID
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US MANUFACTURING OUTPUT POSTS STEEPEST ROUT SINCE 1946BUSINESS
RENAULT QUITS DONGFENG CHINA VENTURE AFTER YEARS OF WEAK SALESCategories
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IMF APPROVES CREATION OF SHORT-TERM CREDIT LINES FOR DEVELOPED,EMERGING COUNTRIES
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US MANUFACTURING OUTPUT POSTS STEEPEST ROUT SINCE 1946INVESTMENT
EUROPEAN SHARES SAP FIVE-DAY RALLY AS EARNINGS’ REPORTS UNDERSCOREPANDEMIC HITS
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CALIFORNIA INSURANCE COMMISSIONER ORDERS CUSTOMER RELIEFS, PREMIUMREFUNDS
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IRELAND’S ALLIED IRISH BANK APPROVES 25,000 LOAN PAYMENT BREAKSSAVINGS
FED-FUELLED RALLY MOUNTS PRECIOUS GOLD FUTURES TO ONE-MONTH-PEAK;DOLLAR DENTED
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JPMORGAN RAISES MORTGAGE BORROWING STANDARDS AS ECONOMIC GLOOMDEEPENS
TODAY'S MOST POPULARÂ Nokia shares skyrocket 12.5% on reports of a hostile $17.4 billiontakeover bid
* Ohio’s P&G boosts dividends, sets to release earnings ahead ofschedule
* Renault quits Dongfeng China venture after years of weak sales * US manufacturing output posts steepest rout since 1946 * IMF approves creation of short-term credit lines for developed,emerging countries
* Wall St. rebounds as Amazon and Netflix hit record closing highs THIS WEEK MOST POPULARÂ Tesla ramps up local production lines, blunts trade war impacts * Facebook sues Bangkok-resident Indian for selling fraud ad toolspromoting cryptos
* Charlotte conglomerate Honeywell secures $1.5 billion in revolvingcredit renewal
* Seattle retailer Amazon to add 75,000 more jobs as online orderssurge amid lockdown
* Cincinnati fashion retailer Macy’s hires Lazard to aid in capital raising,debt reform * Russian Govt. buys controlling stake of Sberbank from Central Bankfor $28 billion
* Nokia shares skyrocket 12.5% on reports of a hostile $17.4 billiontakeover bid
* Ireland’s Allied Irish Bank approves 25,000 loan payment breaks * OPEC, Russia approve biggest ever oil output cut as demand strainslinger
* Gulf bourses end lower as UAE extends gains on financials, realestate stocks
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