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Updated: 4 years 22 weeks ago
US STOCKS SNAPSHOT-S&P turns negative in volatile trade
The S&P 500 slipped into negative
territory in volatile trading on Friday, as it flirted with a
key long-term technical indicator, a day after a punishing
session for Wall Street on fears of a resurgence in coronavirus
infections and economic worries.
Categories: Business News
Kansas regulator mulls probe of Evergy's deal with hedge fund Elliott
A Kansas regulatory commission has
disclosed that it is considering an investigation into whether
power utility Evergy Inc's agreement with hedge fund
Elliott Management could end up costing consumers.
Categories: Business News
UPDATE 2-Nigeria's daily oil output overfull OPEC+ deal -Kyari
Nigeria's current daily oil
production overcomplies with its promised cuts under an
agreement among major oil producers, the head of the state oil
company said on Friday.
Categories: Business News
U.S., Brazil in talks on funding to buy 5G gear from Ericsson, Nokia -paper
The United States is in talks
with Brazil and its local telecommunications companies on
funding the acquisition of fifth-generation gear produced by
Ericsson and Nokia, U.S. ambassador for
Brazil Todd Chapman told Brazilian newspaper Folha de S.Paulo.
Categories: Business News
Mexican president says spoke to BlackRock CEO over Argentina debt restructuring
Mexico's president on
Friday said he had spoken to BlackRock Chief Executive Officer
Larry Fink at the request of the Argentine government to lobby
the asset management firm to accept Argentina's offer during
debt restructuring talks.
Categories: Business News
Robinhood users' favorite stocks roar back after selloff
Shares of airlines, cruise
lines and other companies that have been popular with investors
on the Robinhood trading app shot higher on Friday, a day after
stocks suffered their worst one-day market rout in about three
months.
Categories: Business News
UPDATE 1-Brazil homebuilder You Inc resumes IPO plan pulled during pandemic
Brazilian homebuilder You Inc
Incorporadora e Participações S.A. has resumed plans for an
initial public offering on the Sao Paulo stock exchange after
giving up the idea earlier during the coronavirus outbreak.
Categories: Business News
UPDATE 2-Bunds set for best week since February, worst week in eight for Italian risk premium
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr
(Recasts, adds Spain rating review, updates prices)
Categories: Business News
UPDATE 1-Turkey slams "propaganda machine" Twitter over removal of accounts
Turkey fiercely criticised
Twitter on Friday for suspending more than 7,000
accounts that supported President Tayyip Erdogan, saying the
company was smearing the government and trying to redesign
Turkish politics.
Categories: Business News
U.S. regulator sides with FCA in Jeep trade case against Mahindra
A U.S. regulator ruled that
India's Mahindra and Mahindra Ltd infringed upon the
intellectual property rights of Fiat Chrysler Automobiles NV's
(FCA) Jeep brand, barring the sale of the
vehicles in question.
Categories: Business News
Mexico's Puebla state says not yet ready to reopen automotive plants
Mexico's Puebla state, home
to plants by German automakers Volkswagen AG and
Audi, is not ready to reopen its automotive sector due
to continuing concerns about the spread of the coronavirus,
Puebla's Governor Miguel Barbosa said on Friday.
Categories: Business News
UPDATE 3-Facebook's Giphy deal draws UK competition watchdog's attention
Facebook's acquisition of popular
GIF website Giphy is being scrutinized by the United Kingdom's
competition watchdog for possibly reducing competition.
Categories: Business News
Brazilian homebuilder You resumes IPO plans despite COVID-19 hit
Brazilian homebuilder You Inc
Incorporadora e Participações S.A. has resumed plans for an
initial public offering on the Sao Paulo stock exchange after
giving up the idea earlier this year due to the coronavirus
outbreak.
Categories: Business News
UPDATE 1-India's Zydus Cadila to make Gilead's potential COVID-19 drug remdesivir
Indian drugmaker Zydus Cadila
said on Friday it signed a non-exclusive licensing
pact with Gilead Sciences Inc to manufacture and market
antiviral drug remdesivir, the first treatment to show
improvement in COVID-19 trials.
Categories: Business News
EQM delays WV-VA Mountain Valley natgas pipe to early 2021
EQM Midstream Partners LP
delayed the expected completion of its Mountain Valley natural
gas pipeline from West Virginia to Virginia to early 2021 and
said it could boost the $5.4 billion project's cost by 5% to
around $5.7 billion.
Categories: Business News
CANADA STOCKS-TSX gains on energy lift
Canada's main stock index rose on
Friday, a session after stocks suffered their worst session in
nearly 11 weeks, as the heavyweight energy sector jumped about
5% on higher oil prices.
Categories: Business News
