Finance

Bigger Than Expected Crude Inventory Draw Boosts Oil Prices

Oil prices moved lower on Thursday as investors continued to worry about demand outlook amid the pandemic. "Truly, those wishing to bring about a tighter oil ma...


Remdesivir Questioned By WHO Trial; Women Take Virus More Seriously Than Men

According to researchers in a paper that has not yet been peer-reviewed, remdesivir, hydroxychloroquine , lopinavir , and interferon drugs, when administered...


Morgan Stanley launches program to boost diversity in trading unit

Its quarterly profit grew 25% amid a recession and crushed analysts expectations, wrapping up a mixed third quarter earnings season for the big US banks. Like o...


London to move into Tier 2 Covid restrictions from midnight on Friday

United Kingdom health minister Helen Whateley announced the news to London members of Parliament in a call on Thursday morning, with Prime Minister Johnson ...


A late slide erases gains for U.S. indexes, leaving them mixed

Ross Mayfield, the investment specialist at Baird, has pointed out vaccine timeline and stimulus optimism as the market movers. "Sometimes the market gets a r...


Billionaire Robert Smith Reaches $140 Million Settlement With DOJ Over Tax Problems

He also used the shell companies to hide his ownership in private equity investments, prosecutors said . The indictment charges Brockman with crimes includ...


Stripe to Acquire Nigeria's Paystack

Although the terms of the deal have not been disclosed, TechCrunch reports that the deal is worth over $200M (€170.1M); making it the biggest startup acquis...


Weekly unemployment filings tick up to 898,000 last week

Upon completion of the pause and the post-pause processing, the state will submit revised reports to reflect claims in the week during which they were filed. An...


Oil slides on COVID-19 resurgence, strong USA dollar

Following an upbeat week, crude oil stocks again added a positive tone as crude oil inventories dropped another unexpectedly large 3.88 million bbls vs a predic...


Tesla Model S Price Cut to $71900

This pricing wasn't done on a whim and a joint. Above that, the $95,000 Touring model also has the 406-mile range but includes the dual-motor layout for 620 hp,...


Australia reopens borders to New Zealand travellers

In a statement released late on Friday night, Victoria's Department of Health and Human Services said its authorised officers do not have legal authority to det...


Boris Johnson set for make-or-break decision on Brexit talks

Boris Johnson has been accused of telling "plain and simple lies" over Brexit after telling the nation to prepare for a no-deal outcome from trade talks with...


IKEA Wants To Buy Your Old Furniture On Black Friday

The Buy Back scheme will be introduced into United Kingdom and Irish stores from 27 November. She added, "This year, they will use the traditional Black Fr...


Airbus-Boeing: the United States penalized, the European Union wants to negotiate

The US claims that Airbus received illegal subsidies. Tuesday's decision, delayed by the COVID-19 pandemic, follows a WTO ruling previous year prompting Washi...


JPMorgan Profit Rises 4%, A Surprising Show of Coronavirus Resilience

The lender also recorded US$718 million in restructuring charges, mainly for severance costs. That helped the consumer bank recover from a loss in the second qu...


IMF expects Malaysia's GDP to increase 7.8% next year

The IMF's projection anticipates that social distancing due to the COVID-19 pandemic will continue into 2021, but the transmission of the virus will plunge gl...


Germany: 'Solidarity' with Greece, Cyprus in Turkey dispute

The Turkish navy has said a research ship at the centre of an energy rights row with Greece will be sent back to disputed waters in the Mediterranean . Turkey s...


Have your say: Would a three-tier lockdown help lower coronavirus rates?

Britain wants a deal more like that of non-EU member Norway, under which quotas are set each year. "The EU will continue to work for a fair deal in the coming...


IPhone 12 Malaysia: Here's the official local pricing, starts from RM3,399

For example, as Apple demoed today, a parent could announce that it was time to go via an Apple device downstairs, and reach family throughout the home, who c...


Bank of England asks banks about readiness for neg rates

Haskel said negative rates might hit margins at banks, potentially deterring them from lending to businesses, but the impact of going below zero might have a po...


International Monetary Fund predicts worse 2020 for India; 2021 way better

This comes as a clear indication of the success of the structural and economic reform measures and the success of the government's plan in facing the challenges...


Americans Milgrom, Wilson win Nobel Prize for economics

Milgrom was awarded the prestigious prize Monday, Oct.12, along with Robert B. Wilson, who "have benefitted sellers, buyers and taxpayers around the world", the...


Here’s everything Apple announced at its iPhone 12 event

It looks like the rest of the iPhone 12 lineup, with a flattened design reminiscent of the iPhone 5 (and also the current iPads) and almost edge-to-edge displ...


China Gives Away $1.5 Million to Test Digital Currency

Movements in the Chinese yuan are set to be seen by investors on Monday, with the Chinese People's Bank announcing a rule change after the yuan depreciated. Dep...


Americans Milgrom, Wilson win Nobel prize in economics

Their theoretical discoveries have improved auctions in practice. "The new auction formats are a attractive example of how basic research can subsequently gen...


UK cities upset over pending new restrictions in 3-level lockdown plan

Asked whether the new measures due on Monday would include rules on travel between parts of England, Jenrick told Times Radio: "The rules and guidelines the pri...


U.S. Economists Awarded Nobel Memorial Prize in Economic Sciences

For helping make auctions run more efficiently, two Americans on Monday won the Nobel prize for economics. This year's Nobel Prize in economic sciences ha...


Rs 10,000 one-time festival advance scheme announced for all govt employees

Speaking at a press conference, Finance Minister Nirmala Sitharaman said that the Centre will launch " LTC Cash Voucher Scheme " and " Special Festival Advanc...


Markets rally as central bank keeps hopes of a rebound alive

The lockdown that began late March was among the strictest in the world, shutting down virtually every nonessential part of the economy. He said that several in...


Doctor says Trump no longer at risk of transmitting virus

Trump's campaign says the event will take place at 7:00 p.m.in Sanford. "If in the future you find yourself with more pure intentions - perhaps interested in...


How major United States stock indexes fared Friday

After abruptly calling off negotiations on a comprehensive bill on Tuesday, President Donald Trump later that day urged Congress to pass a series of smaller, st...


Category 2 Hurricane Delta makes landfall on US Gulf Coast

MS also got its fair share of rain overnight. In late August, Category 4 Hurricane Laura made landfall in Louisiana, killing over 40 people in the United St...


LSE nears RM22.5b Borsa Italiana sale to Euronext, Italian Banks

The LSE said that the sale of Borsa, and approvals from regulators for the deal, would be critical in winning control for the Refinitiv transaction from the ...


Morgan Stanley to buy Eaton Vance for $7bn

Eaton Vance shareholders will receive $28.25 per share in cash and 0.5833 of Morgan Stanley common stock, or approximately $56.50 per share. According to ...


Ram 700 based on the Fiat Strada officially revealed

Based on the Fiat Strada launched in April this year in Brazil and Argentina (where the Fiat brand is more popular), the 2021 Ram 700 is a classic case of...