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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
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%,
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 WALL ST. EKES OUT GAINS TO CLOSE LACKLUSTRE WEEK AS S&P 4 hours ago · 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 WALL ST. TUMBLES IN SEESAW SESSION AHEAD OF KEY INFLATION DATA 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 ECB FORECASTS BRIGHTER OUTLOOK, BUT PLEDGES TO STEADY 14 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 US CONSUMER PRICES INDEX RISES SOLIDLY IN MAY AS INFLATION 19 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 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 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.
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 COLUMBIA’S NRF RAISES US RETAIL SALES ESTIMATE UP TO $4.56 12 hours ago · Home; News; economy; On Wednesday, US National Retail Federation, the Washington DC-headquartered world’s largest retail trade organization, had raised its full-year retail sales estimate for the United States in 2021 between 10.5 per cent and 13.5 per cent, as an acceleration in vaccination drive alongside massive Government stimulus had eclipsed a marginal moderation in US labour market RUSSIA TO REMOVE DOLLAR ASSETS FROM $176BN WEALTH FUND Russia to remove Dollar assets from $176bn wealth fund ahead of Geneva summit. 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 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
ATLANTA’S UPS SHARES SOUR AS INVESTORS FRET OVER POST 22 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 S&P 500 NOTCHES RECORD CLOSURE AS INFLATION FEARS SUBSIDE 3 hours ago · Home; News; stock markets; On Thursday, all three key indices of Wall St. had closed out the session in an upbeat texture with benchmark S&P 500 spiking to a record closing high, as investors appeared to have brushed aside a long-term inflation fear after US CPI (Consumer Prices Index) data had unwrapped that a latest upsurge in inflation indicators were mostly tied to a robust reopening of US OAKLAND’S PAYMENTS STARTUP MARQETA VALUED OVER $17 BILLION 7 hours ago · Home; News; business; On Wednesday, Marqeta Inc., a California-based 10-year old IT service management startup that provides payment services to a swathe of high-profile corporate customers including DoorDash Inc alongside Uber Technologies Inc., soared more than 20 per cent at its Nasdaq debut, valuing the firm as much as $17 billion. Apart from that, Marqeta Inc’s upbeat Nasdaq BIDEN PUTS OFF TRUMP ATTEMPTS TO BAN TIKTOK, WECHAT 17 hours ago · Home; News; business; Ahead of a Geneva Summit later this month, the US President Joe Biden on Wednesday had dropped a deluge of Trump-era executive orders including a ban on new downloads of WeChat and TikTok in the United States and ordered a new Commerce Department review on whether a purulent practice of those apps could pose potential national security concerns, 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.
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
ISRAEL, UAE RUBBERSTAMP TAX TREATY TO BOOST ECONOMIC Israel, UAE sign tax treaty in bids to normalise trade relationship. On top of that, a tax convention between Israel and UAE in effect would be the first since Israel had normalized relationships with United Arab Emirates and Bahrain later last year, while Israel is reportedly working out an option to boost trade-ties with Moroccoalongside Sudan.
COLUMBIA’S NRF RAISES US RETAIL SALES ESTIMATE UP TO $4.56 12 hours ago · Home; News; economy; On Wednesday, US National Retail Federation, the Washington DC-headquartered world’s largest retail trade organization, had raised its full-year retail sales estimate for the United States in 2021 between 10.5 per cent and 13.5 per cent, as an acceleration in vaccination drive alongside massive Government stimulus had eclipsed a marginal moderation in US labour market RUSSIA TO REMOVE DOLLAR ASSETS FROM $176BN WEALTH FUND Russia to remove Dollar assets from $176bn wealth fund ahead of Geneva summit. 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 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
ATLANTA’S UPS SHARES SOUR AS INVESTORS FRET OVER POST 22 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 S&P 500 NOTCHES RECORD CLOSURE AS INFLATION FEARS SUBSIDE 3 hours ago · Home; News; stock markets; On Thursday, all three key indices of Wall St. had closed out the session in an upbeat texture with benchmark S&P 500 spiking to a record closing high, as investors appeared to have brushed aside a long-term inflation fear after US CPI (Consumer Prices Index) data had unwrapped that a latest upsurge in inflation indicators were mostly tied to a robust reopening of US OAKLAND’S PAYMENTS STARTUP MARQETA VALUED OVER $17 BILLION 7 hours ago · Home; News; business; On Wednesday, Marqeta Inc., a California-based 10-year old IT service management startup that provides payment services to a swathe of high-profile corporate customers including DoorDash Inc alongside Uber Technologies Inc., soared more than 20 per cent at its Nasdaq debut, valuing the firm as much as $17 billion. Apart from that, Marqeta Inc’s upbeat Nasdaq BIDEN PUTS OFF TRUMP ATTEMPTS TO BAN TIKTOK, WECHAT 17 hours ago · Home; News; business; Ahead of a Geneva Summit later this month, the US President Joe Biden on Wednesday had dropped a deluge of Trump-era executive orders including a ban on new downloads of WeChat and TikTok in the United States and ordered a new Commerce Department review on whether a purulent practice of those apps could pose potential national security concerns, 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.
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
ISRAEL, UAE RUBBERSTAMP TAX TREATY TO BOOST ECONOMIC Israel, UAE sign tax treaty in bids to normalise trade relationship. On top of that, a tax convention between Israel and UAE in effect would be the first since Israel had normalized relationships with United Arab Emirates and Bahrain later last year, while Israel is reportedly working out an option to boost trade-ties with Moroccoalongside Sudan.
COLUMBIA’S NRF RAISES US RETAIL SALES ESTIMATE UP TO $4.56 12 hours ago · Home; News; economy; On Wednesday, US National Retail Federation, the Washington DC-headquartered world’s largest retail trade organization, had raised its full-year retail sales estimate for the United States in 2021 between 10.5 per cent and 13.5 per cent, as an acceleration in vaccination drive alongside massive Government stimulus had eclipsed a marginal moderation in US labour market WALL ST. TUMBLES IN SEESAW SESSION AHEAD OF KEY INFLATION DATA 1 day 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 22 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 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 CHINA’S IMPORTS GROW AT THE FASTEST PACE IN DECADE AS China’s imports grow at the fastest pace in decade as materials' prices surge. 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 BIDEN PUTS OFF TRUMP ATTEMPTS TO BAN TIKTOK, WECHAT 17 hours ago · Home; News; business; Ahead of a Geneva Summit later this month, the US President Joe Biden on Wednesday had dropped a deluge of Trump-era executive orders including a ban on new downloads of WeChat and TikTok in the United States and ordered a new Commerce Department review on whether a purulent practice of those apps could pose potential national security concerns, PALO ALTO’S TESLA INC. LAUNCHES HIGH-END MODEL S ‘PLAID 10 hours ago · Home; News; business; Tesla Inc., the Palo Alto, California-headquartered e-vehicle industry trailblazer, rolls out a high-performance edition of its Model S largely in a bid to fend off a raft of rivals likes of Mercedes, Porsche and Lucid Motors, all of which had pledged to deliver more high-end luxury e-vehicles in a near term.. On top of that, Tesla Inc executives were quoted as saying 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.
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 FRENCH PROSECUTORS OPEN PROBE INTO LEBANESE CENTRAL BANK 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 ofGoogle News
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MENLO PARK’S FACEBOOK SEES ‘SIGNS OF STABILITY’ IN AD SPENDING AS PANDEMIC CASES DROPBUSINESS
Late on Wednesday, the 29th of April 2020, the Menlo Park, California-based world’s No. 1 social networking titan, Facebook Inc. had beaten Wall St. estimates for the first quarterly revenueMay 01, 2020
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MENLO PARK’S FACEBOOK SEES ‘SIGNS OF STABILITY’ IN AD SPENDING AS PANDEMIC CASES DROPECONOMY
MILLIONS MORE AMERICANS FILE FOR JOBLESS BENEFITS AS CONSUMERSPENDING SLUMPS
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US DOLLAR STRENGTHENS AS EUROZONE RESCUE BILL UNCERTAINTY DRAGS ON TODAY'S MOST POPULARÂ Oil rebounds sharply, posts double-digit gains after US crudeinventories crater
* Wall St. surges on Gilead’s promising pandemic drug, Fed's pledge to revive economy * Mexico’s Pemex bleeds more as crude crash sees nearly $24 billion in quarterly loss * Millions more Americans file for jobless benefits as consumerspending slumps
* Menlo Park’s Facebook sees ‘signs of stability’ in ad spending as pandemic cases drop THIS WEEK MOST POPULAR Washington passes $500 billion pandemic relief bill and oversightpanel
* US budget deficit could quadruple to $3.7 trillion in pandemiccrisis: CBO
* Facebook joins video conference spree with up to 50-person'Messenger Rooms'
* Botswana’s budget retailer Choppies to depart 3 more Africancountries
* Detroit carmakers GM, Ford & FCA target May 18 to restart USoperation
* Californian video-conference platform Zoom users top 300 million despite growing bans * Angola’s state oil company Sonangol begins asset sales * Embraer lashes out on Boeing as Illinois planemaker scraps $4.2billion tie-up
* US unemployment rate to hit 16% as Kremlin sees economy contracting by 4 to 6% * South Africa’s economic growth to shrink 6.5% in fiscal year 2020-21, says Moody’sCOMPANY
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