Markets
FinCEN report: HSBC shares drop to lowest level since 1995
- September 22, 2020
Of the four prominent banks alleged in media reports, HSBC is the largest one in terms of market cap with a value of £58.22 billion. The were filing so many SARs that enforcement agencies could not keep up. BNY Mellon said it fully complied with all "all applicable laws and regulations". JP Morgan processed more than $50 million in payments for Manafort over a decade that were flagged as suspicious, according to the International Consortium of Investigative Journalists . (more...)
- September 22, 2020
Of the four prominent banks alleged in media reports, HSBC is the largest one in terms of market cap with a value of £58.22 billion. The were filing so many SARs that enforcement agencies could not keep up. BNY Mellon said it fully complied with all "all applicable laws and regulations". JP Morgan processed more than $50 million in payments for Manafort over a decade that were flagged as suspicious, according to the International Consortium of Investigative Journalists . (more...)
Victoria records fewest cases since June
- September 22, 2020
There were also two more deaths. "It's welcome news for Victorians and welcome news for Australians", Deputy Chief Medical Officer Nick Coatsworth informed the Australian Broadcasting Corp tv on Monday. Australia is battling its first recession in 30 years, while unemployment in July hit a 22-year high as virus curbs paralysed businesses. The bulk of Victoria's restrictions could be lifted in late October if its two-week average stays below five, a target Prime Minister Scott Morrison ... (more...)
- September 22, 2020
There were also two more deaths. "It's welcome news for Victorians and welcome news for Australians", Deputy Chief Medical Officer Nick Coatsworth informed the Australian Broadcasting Corp tv on Monday. Australia is battling its first recession in 30 years, while unemployment in July hit a 22-year high as virus curbs paralysed businesses. The bulk of Victoria's restrictions could be lifted in late October if its two-week average stays below five, a target Prime Minister Scott Morrison ... (more...)
Wall St hits near 7-week low on virus fears, stimulus fog
- September 22, 2020
Bank stocks fell Monday after a news report that JPMorgan Chase, Deutsche Bank and other giant banks defied money-laundering crackdowns. Marriott International Inc, Hilton Worldwide Holdings Inc and Hyatt Hotels Corp dropped between 1.5% and 3.6%, while casino operators Wynn Resorts Ltd, MGM Resorts International and Las Vegas Sands Corp shed between 2.7% and 6.0%. (more...)
- September 22, 2020
Bank stocks fell Monday after a news report that JPMorgan Chase, Deutsche Bank and other giant banks defied money-laundering crackdowns. Marriott International Inc, Hilton Worldwide Holdings Inc and Hyatt Hotels Corp dropped between 1.5% and 3.6%, while casino operators Wynn Resorts Ltd, MGM Resorts International and Las Vegas Sands Corp shed between 2.7% and 6.0%. (more...)
Nikola founder Trevor Milton resigns as chairman amid allegations, SEC probe
- September 21, 2020
The 39-year-old will be replaced by Stephen Girsky , former vice chairman of General Motors and member of Nikola's board, effective immediately. Since Nikola went public on June 4 via a merger with VectoIQ, the stock soared from below $15 to around $50 at the start of the month, following the announcement that General Motors will take a 11% stake in the company as part of a partnership to build electric pickup trucks. (more...)
- September 21, 2020
The 39-year-old will be replaced by Stephen Girsky , former vice chairman of General Motors and member of Nikola's board, effective immediately. Since Nikola went public on June 4 via a merger with VectoIQ, the stock soared from below $15 to around $50 at the start of the month, following the announcement that General Motors will take a 11% stake in the company as part of a partnership to build electric pickup trucks. (more...)
Bank shares slide on reports of rampant money laundering
- September 21, 2020
Over 2,500 pages of the leaked documents show the involvement of major global banks, including HSBC , JP Morgan , Deutsche Bank, Standard Chartered , and Bank of New York Mellon. "This brings out the point that managing financial crime risk goes beyond making SARs", said Etelka Bogardi, a Hong Kong-based financial services partner at Norton Rose Fulbright. (more...)
- September 21, 2020
Over 2,500 pages of the leaked documents show the involvement of major global banks, including HSBC , JP Morgan , Deutsche Bank, Standard Chartered , and Bank of New York Mellon. "This brings out the point that managing financial crime risk goes beyond making SARs", said Etelka Bogardi, a Hong Kong-based financial services partner at Norton Rose Fulbright. (more...)
Tesla in talks with Karnataka to set up R&D centre in Bengaluru
- September 21, 2020
It's also important that we keep factory production as high as possible for the remaining 10 days. Elon Musk then revealed that it was "vital for the California market". Tesla Chief Executive Officer Elon Musk is rallying the troops as the end of the third quarter nears, urging employees in an email to make and sell as many electric cars as possible before September 30. (more...)
- September 21, 2020
It's also important that we keep factory production as high as possible for the remaining 10 days. Elon Musk then revealed that it was "vital for the California market". Tesla Chief Executive Officer Elon Musk is rallying the troops as the end of the third quarter nears, urging employees in an email to make and sell as many electric cars as possible before September 30. (more...)
EU Seals Second COVID-19 Vaccine Deal As WHO Scheme Deadline Looms
- September 21, 2020
Sanofi and GSK will also endeavour to provide a significant portion of their vaccine supply through a collaboration with the COVID-19 Vaccines Global Access (COVAX) facility - the vaccine pillar of the Access to COVID-19 Tools Accelerator for lower and middle income countries - in a timely manner. (more...)
- September 21, 2020
Sanofi and GSK will also endeavour to provide a significant portion of their vaccine supply through a collaboration with the COVID-19 Vaccines Global Access (COVAX) facility - the vaccine pillar of the Access to COVID-19 Tools Accelerator for lower and middle income countries - in a timely manner. (more...)
Alabama's unemployment rate fell to 5.6% in August
- September 21, 2020
This change is due to a decrease of 53,800 private sector jobs and 7,600 government jobs. Payrolls increased in 40 states, the bureau said. The 16.1% rate was well above the 4.3% rate from the pre-coronavirus era of August 2019. National retailers such as Target, Walmart, Home Depot have fared well during the pandemic, but smaller stores have struggled or closed. "This is somewhat surprising", he said, and indicative of healthy consumer spending. (more...)
- September 21, 2020
This change is due to a decrease of 53,800 private sector jobs and 7,600 government jobs. Payrolls increased in 40 states, the bureau said. The 16.1% rate was well above the 4.3% rate from the pre-coronavirus era of August 2019. National retailers such as Target, Walmart, Home Depot have fared well during the pandemic, but smaller stores have struggled or closed. "This is somewhat surprising", he said, and indicative of healthy consumer spending. (more...)
Apple to launch its first online store in India on September 23
- September 20, 2020
Given the current environment customers can expect deliveries in 24-72 hours from date of purchase. In a blog, the company said that people in India will be able to get the same premium experience found in Apple store locations around the world. (more...)
- September 20, 2020
Given the current environment customers can expect deliveries in 24-72 hours from date of purchase. In a blog, the company said that people in India will be able to get the same premium experience found in Apple store locations around the world. (more...)
Two million people in North East England hit with new coronavirus restrictions
- September 20, 2020
The councils of Newcastle, Northumberland, North Tyneside, South Tyneside, Gateshead, County Durham and Sunderland are all included. Health Minister Nadine Dorries blames a shortage on coronavirus testing which has caused the new restrictions. (more...)
- September 20, 2020
The councils of Newcastle, Northumberland, North Tyneside, South Tyneside, Gateshead, County Durham and Sunderland are all included. Health Minister Nadine Dorries blames a shortage on coronavirus testing which has caused the new restrictions. (more...)
New Lighthouse Labs established to boost testing capacity
- September 20, 2020
Only 14% of coronavirus test results in England came back within 24 hours last week, a sharp fall from the week before, according to data on Thursday that adds to pressure on a government fending off criticism that its strategy is collapsing. (more...)
- September 20, 2020
Only 14% of coronavirus test results in England came back within 24 hours last week, a sharp fall from the week before, according to data on Thursday that adds to pressure on a government fending off criticism that its strategy is collapsing. (more...)
Wall Street Slumps on US Economic Worries, Tech Leads With 2% Drop
- September 20, 2020
Last week, the Nasdaq's losses put the index down 10% from its closing record, confirming a correction began on September 2. From the March market lows, "this has been an wonderful recovery represented by a few good tech names", said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. (more...)
- September 20, 2020
Last week, the Nasdaq's losses put the index down 10% from its closing record, confirming a correction began on September 2. From the March market lows, "this has been an wonderful recovery represented by a few good tech names", said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. (more...)
Pressing pause on a coronavirus vaccine trial
- September 20, 2020
The volunteers have been recruited in Sao Paulo, Rio de Janeiro and Salvador in the northeastern state of Bahia where a hospital is conducting the tests. Global trials of the vaccine had also been paused following the United Kingdom suspension. AstraZeneca's COVID-19 vaccine candidate AZD1222 is one of the most advanced projects in the race to develop a vaccine. (more...)
- September 20, 2020
The volunteers have been recruited in Sao Paulo, Rio de Janeiro and Salvador in the northeastern state of Bahia where a hospital is conducting the tests. Global trials of the vaccine had also been paused following the United Kingdom suspension. AstraZeneca's COVID-19 vaccine candidate AZD1222 is one of the most advanced projects in the race to develop a vaccine. (more...)
Russia's Covid Vaccine Candidate Sputnik V to Have Clinical Trials in India
- September 20, 2020
On August 11, Russian President Vladimir Putin announced that the country had registered the world's first Covid-19 vaccine, named Sputnik V. Created by Moscow's Gamaleya Research Center for Epidemiology and Microbiology, the development process has been criticized by some Western countries for its supposedly unsafe rapid development and improper testing. (more...)
- September 20, 2020
On August 11, Russian President Vladimir Putin announced that the country had registered the world's first Covid-19 vaccine, named Sputnik V. Created by Moscow's Gamaleya Research Center for Epidemiology and Microbiology, the development process has been criticized by some Western countries for its supposedly unsafe rapid development and improper testing. (more...)
European Union executive signs contract for up to 300m Covid-19 vaccine doses
- September 20, 2020
It has already signed a contract with AstraZeneca . "We will soon sign more similar agreements and put together a diverse range of possible vaccines based on different types of technologies", the European Union presidency Ursula von der Leyen said according to the press release. (more...)
- September 20, 2020
It has already signed a contract with AstraZeneca . "We will soon sign more similar agreements and put together a diverse range of possible vaccines based on different types of technologies", the European Union presidency Ursula von der Leyen said according to the press release. (more...)
Saudi Arabia urges compliance with OPEC cuts
- September 20, 2020
West Texas Intermediate for October delivery rose 81 cents to settle at $40.97 a barrel. The West Texas Intermediate for October delivery rose 81 cents to settle at 40.97 US dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery climbed 1.08 dollars to 43.30 dollars a barrel on the London ICE Futures Exchange. (more...)
- September 20, 2020
West Texas Intermediate for October delivery rose 81 cents to settle at $40.97 a barrel. The West Texas Intermediate for October delivery rose 81 cents to settle at 40.97 US dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery climbed 1.08 dollars to 43.30 dollars a barrel on the London ICE Futures Exchange. (more...)
Ford to build electric truck plant in MI, add 300 jobs
- September 19, 2020
GDP and about 500,000 jobs to the U.S. economy, while Ford itself supports about 1 million American jobs. The truck will be fun to drive like its rivals from companies like Rivian and Tesla , but the vehicle's heart will be all about work, not recreation. (more...)
- September 19, 2020
GDP and about 500,000 jobs to the U.S. economy, while Ford itself supports about 1 million American jobs. The truck will be fun to drive like its rivals from companies like Rivian and Tesla , but the vehicle's heart will be all about work, not recreation. (more...)
'Explain why Malaysia not among countries on Covax Covid-19 vaccine plan'
- September 19, 2020
The Malaysian government, through the Ministry of Health (MOH), has also signed non-disclosure agreements with several global pharmaceutical companies, which are now testing Covid-19 candidate vaccines in the third phase of clinical trials, to negotiate the procurement of approved vaccines. (more...)
- September 19, 2020
The Malaysian government, through the Ministry of Health (MOH), has also signed non-disclosure agreements with several global pharmaceutical companies, which are now testing Covid-19 candidate vaccines in the third phase of clinical trials, to negotiate the procurement of approved vaccines. (more...)
Libya's Haftar agrees to lift oil blockade with conditions
- September 18, 2020
However, National Oil Corporation (NOC), which operates Libya's energy sector, said overnight it would not lift force majeure on exports until oil facilities were demilitarized. Police officers fired live ammunition to disperse them in Al-Marj, killing at least one person and wounding many, according to witnesses and the United Nations mission in Libya. (more...)
- September 18, 2020
However, National Oil Corporation (NOC), which operates Libya's energy sector, said overnight it would not lift force majeure on exports until oil facilities were demilitarized. Police officers fired live ammunition to disperse them in Al-Marj, killing at least one person and wounding many, according to witnesses and the United Nations mission in Libya. (more...)
Asia travellers snap up 'flights to nowhere'
- September 18, 2020
However, domestic trips are now on offer. The boomerang flight will include low-level flybys over tourist destinations including the Great Barrier Reef, Uluru, Kata Tjuta, Byron Bay and Sydney Harbour. The Australian carrier is following other Asian airlines that have offered similar options. Awareness group SG Climate Rally said the journeys encouraged carbon-intensive travel and distracted from the policy shifts needed to stop the climate crisis. (more...)
- September 18, 2020
However, domestic trips are now on offer. The boomerang flight will include low-level flybys over tourist destinations including the Great Barrier Reef, Uluru, Kata Tjuta, Byron Bay and Sydney Harbour. The Australian carrier is following other Asian airlines that have offered similar options. Awareness group SG Climate Rally said the journeys encouraged carbon-intensive travel and distracted from the policy shifts needed to stop the climate crisis. (more...)
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