Finance

by | November 04, 2020 | 11:23

US drug company Pfizer will use its own distribution network for its COVID 19 vaccine instead of going through the USA government-appointed coordinator, a company official said. In fact, Clover is the only candidate from mainland China in the group. Pfizer has partnered with German drug company BioNTech to develop the vaccine, which is one of several vaccines in development worldwide.

by | November 04, 2020 | 09:46

Production from OPEC jumped by 470,000 barrels a day in October to 24.74 million a day, according to a Bloomberg survey. Elsewhere, Italy reached another daily record in virus cases, potentially facing new restrictions on movement. Global oil trading companies expect further demand destruction, although estimates differ. Libyan supply stands at about 800,000 bpd, up more than 100,000 bpd from a few days ago, a Libyan source told Reuters on Saturday.

by | November 04, 2020 | 06:41

The new inspection delays come amid diplomatic tensions between the two nations, raising concerns in Australia that the live seafood trade would be the latest sector targeted for trade reprisals from Beijing. "We hope Australia can do more things conducive to mutual trust, bilateral cooperation and the spirit of China-Australia comprehensive strategic partnership and bring the bilateral relations back to the right track as early as possible", Wang said.

by | November 03, 2020 | 23:13

The furlough scheme was set to end on Saturday, 31st October. He said extending the scheme would help to provide "certainty" for businesses. "Following the PM's announcement on further restrictions across the country we have made a decision to extended the furlough scheme for a further month covering 80% of employees' wages".

by | November 03, 2020 | 16:39

At the meeting with regulators on Monday, executives including Mr Ma were told that Ant Group will face increased scrutiny and will be given restrictions on capital similar to the limits placed on banks, Bloomberg reported . "I am confident in the company's future prospect because it is involved in many different businesses ... and they are all online services, which is the direction the world would be heading to, so I think its potential is huge", Chan said.

by | November 03, 2020 | 12:57

But few make Americans drool quite like the McDonald's McRib sandwich. "To our customers, it's become more than a delicious, saucy moment... it's a season, and it's taking the internet by storm", Linda VanGosen, vice president of menu innovation for McDonald's , said in a statement .

by | November 03, 2020 | 07:42

The Production Index increased to 63 percent in October, up from 61 percent the month before. "Levels of new orders and output at Indian manufacturers continued to recover from the Covid-19 induced contractions seen earlier in the year", said Pollyanna De Lima, economics associate director at IHS Markit.

by | November 02, 2020 | 20:25

The companies have been involved in lawsuits for a decade. "We thank the jury members for their time and appreciate their consideration of this case, but we are disappointed with the verdict and will file an appeal", Apple told AFP. Apple has been ordered to pay US$503 million for infringing patented virtual private network technology but says it will appeal the USA court order.

by | November 02, 2020 | 19:22

In an interview with BBC Radio Wales, Welsh Prime Minister Mark Drakeford was asked if he was concerned that people might be tempted to cross the border into Wales to escape the stricter rules in England. "We want to keep Wales safe, and we want to keep the United Kingdom safe as well". "There are a number of details that we have to work through today with official colleagues in England".

by | November 02, 2020 | 15:35

Polls suggest Trump is still close in enough battleground states that could give him the 270 votes needed to win in the state-by-state Electoral College that determines the overall victor. He promised an economic revival and imminent delivery of a vaccine to fight the pandemic. We are so much better than this. Mr Trump again questioned the integrity of the USA election, saying a vote count that stretched past Election Day would be a "terrible thing" and suggesting his lawyers might get ...

by | November 02, 2020 | 01:24

People familiar with the case have previously told the Singapore arbitrator's order is not automatically enforceable in India and Amazon may need to get a binding order from an Indian court. "It might end up becoming an ego battle between the CEOs of both the companies", he said. It said that SEBI and the stock exchanges should consider the scheme independently on its merits, and as per SEBI regulations.

by | November 01, 2020 | 23:11

With guests, travel agents, and even cruise professional itching to cruising now that the No-Sail order is ending, Carnival Cruise Line has asked for patience as it reviews the new order details. In San Diego, most sailings have been postponed through November . Carnival, which has canceled 16 of its 34 cruise calls out of San Diego, isn't showing any voyages until January, and Disney Cruise Line, which has cut 12 of its 27 scheduled calls, isn't back on the San Diego schedule until March.

by | November 01, 2020 | 20:40

U.S. West Texas Intermediate (WTI) crude fell 4 cents to $36.13 after dipping to its lowest since June on Thursday. That was the lowest close for Brent since June 12 and for WTI since October 2. In this situation, demand for oil will be under pressure at a time when Libya plans to increase its oil production from 500,000 bpd to 1 million bpd by the end of 2020.

by | November 01, 2020 | 07:26

Throughout the third quarter, Spotify reported an working lack of $47 million versus a year-ago revenue of $54 million. Another contributing factor to Spotify's success was launching its service in key regions such as Russian Federation, along with 12 other markets surrounding it.

by | October 31, 2020 | 19:44

Exxon Mobil Corp. announced Thursday the company will be cutting its global workforce by roughly 15% over the next two years, an unprecedented move by North America's largest oil explorer as it struggles to preserve its dividends . Exxon's production increased to 3.7 million barrels a day, up 1% from the second quarter but down almost 6% from the same period past year. Exxon reported that the company closed the most recent quarter with a net loss of £524.20 million, or 11.56 pence per share.

by | October 31, 2020 | 16:29

The company states that it plans to begin manufacturing of prototypes of mid-sized standard vehicles this year and take it to the South Korean government for evaluation in 2021. " The company's military strategy will focus on the development of a standardized architecture for 2.5- and 5-ton military vehicles, while an open-top all-terrain vehicle (ATV) is already well under development based on the chassis that underpins the Mohave SUV".

by | October 31, 2020 | 05:26

On an unadjusted basis, the figure decreased by a little more than 28,000. ODJFS has cited continued jobless claims as a sign of whether people are returning to work after coronavirus shutdowns earlier this year. There are still roughly 10.7 million more out-of-work Americans than there were in February, before the pandemic hit. Though many are still unemployed, the US economy has shown signs of recovery, growing at a 33.1% annual rate in the July-September quarter, the Bureau of ...

by | October 30, 2020 | 22:55

Apple Inc, Amazon .com Inc and Alphabet Inc , which have seen a surge in demand for their products and services from people staying at home during the pandemic , rose between 0.6% and 2.3% ahead of their results after the closing bell. President Donald Trump has consistently trailed Democratic challenger Biden in national polls for months, but polls in the most competitive states have shown a closer race.

by | October 30, 2020 | 07:38

The full economic outlook can be viewed on the Bank of Canada's website . My takeaway from the BOC is the high level of caution, along with a warning that U.S. The Bank stated that such bonds had more influence on borrowing rates for businesses and households. "This adjustment process weighs on the bank's estimates of potential growth".

by | October 29, 2020 | 23:36

As we reported earlier, Biden said that he would increase pressure on allies of Belarusian President Alexander Lukashenko if he became the president of the U.S. The margin of error is 4 percentage points. He told reporters he "voted for a guy named Trump". Polls in battleground states that might decide the election are tighter.

by | October 29, 2020 | 23:08

Trump took to Twitter to proclaim, "Biggest and Best in the History of our Country, and not even close". He should put a sock in it. The U.S. economy surpassed expectations last quarter as the consumer powered a record rebound out of the coronavirus crater, potentially leaving lawmakers on the hook in more ways than one for any upset in the final quarter.

by | October 29, 2020 | 06:08

German Chancellor Angela Merkel also is seeking drastic new curbs, including fresh shutdowns hitting leisure, sports and the food and drink sectors as she holds crisis talks with Germany's regional leaders to halt surging Covid-19 infections and save the Christmas holiday season.

by | October 29, 2020 | 01:08

Germany had always been praised internationally for maintaining much lower infection and death rates than other western European nations such as France, Italy, Spain, and the UK. "Whether you call it a continuation of the pandemic or a third wave of new case discovery - it is the largest concern", said Art Hogan, chief market strategist at National Securities in NY.

by | October 28, 2020 | 17:26

The pandemic has caused a huge drop in air travel, pushing major airlines to the brink of bankruptcy and forcing them to cut staff. About 19,000 employees are leaving Boeing this year, but the company is adding some jobs in its more stable defense unit.

by | October 28, 2020 | 16:54

Even though Square has earlier gained exposure to BTC through its participation in the asset's leadership, product, and legal innovation perspective, today's development is the first time the company is directly purchasing the digital currency.