Markets
New Subaru BRZ launches with more power and torque
- November 20, 2020
This effectively means you're getting more horsepower and more torque without any appreciable weight penalty, and Subaru didn't even have to resort to a more complex turbocharged engine in order to do it. There are now creases everywhere, including two of them on the rear quarter panels. Drivers look into a 7.0-inch digital instrument display - the layout of which is configurable between normal and Track modes, each mode varying the car's five-stages stability control system - and sit in ... (more...)
- November 20, 2020
This effectively means you're getting more horsepower and more torque without any appreciable weight penalty, and Subaru didn't even have to resort to a more complex turbocharged engine in order to do it. There are now creases everywhere, including two of them on the rear quarter panels. Drivers look into a 7.0-inch digital instrument display - the layout of which is configurable between normal and Track modes, each mode varying the car's five-stages stability control system - and sit in ... (more...)
Australia 'will always be Australia,' PM responds to China grievances
- November 19, 2020
In a joint statement, Australian Prime Minister Scott Morrison and his Japanese counterpart, Yoshihide Suga, expressed "serious concerns about the situation" in the South and East China Seas and "strong opposition" to militarizing disputed islands and other unilateral attempts to change the status quo, without identifying China - signaling their sensitivity toward their biggest trading partner. (more...)
- November 19, 2020
In a joint statement, Australian Prime Minister Scott Morrison and his Japanese counterpart, Yoshihide Suga, expressed "serious concerns about the situation" in the South and East China Seas and "strong opposition" to militarizing disputed islands and other unilateral attempts to change the status quo, without identifying China - signaling their sensitivity toward their biggest trading partner. (more...)
Iota’s devastation comes into focus in storm-weary Nicaragua
- November 19, 2020
National Hurricane Center said. Hurricane Iota, determined to be a Category 4 storm, has crossed Nicaragua. "The hurricane came, it destroyed my house, my daughter's house, it destroyed five houses in total", Wilfred said. The storm also left tens of thousands homeless in Honduras, which reported 74 deaths and almost 57,000 people in shelters, mostly in the north. Climate change is increasing the intensity of both rain and droughts across Central America , the United Nations refugee ... (more...)
- November 19, 2020
National Hurricane Center said. Hurricane Iota, determined to be a Category 4 storm, has crossed Nicaragua. "The hurricane came, it destroyed my house, my daughter's house, it destroyed five houses in total", Wilfred said. The storm also left tens of thousands homeless in Honduras, which reported 74 deaths and almost 57,000 people in shelters, mostly in the north. Climate change is increasing the intensity of both rain and droughts across Central America , the United Nations refugee ... (more...)
Canada's annual inflation rate accelerates to 0.7% in October
- November 18, 2020
Markedly, clothing prices were up 2.8 percent sequentially in October, compared to a 0.9 percent sequential rise seen in the prior year, while furniture prices dropped 1.1 percent sequentially. CIBC senior economist Royce Mendes said the core inflation readings suggest the relationship between consumer prices and the overall economy may be weaker than in the past. (more...)
- November 18, 2020
Markedly, clothing prices were up 2.8 percent sequentially in October, compared to a 0.9 percent sequential rise seen in the prior year, while furniture prices dropped 1.1 percent sequentially. CIBC senior economist Royce Mendes said the core inflation readings suggest the relationship between consumer prices and the overall economy may be weaker than in the past. (more...)
Tesla Value Jumps $40 Billion As S&P 500 Beckons
- November 18, 2020
Moving into the S&P is a marker of prestige and also boosts valuation because some mutual funds and other investment vehicles are linked to the benchmark. Yahoo's market capitalization at the time was only $56 billion. Because of Tesla's large market capitalization, S&P Dow Jones Indices is considering splitting the addition of the company's stock into two "tranches". (more...)
- November 18, 2020
Moving into the S&P is a marker of prestige and also boosts valuation because some mutual funds and other investment vehicles are linked to the benchmark. Yahoo's market capitalization at the time was only $56 billion. Because of Tesla's large market capitalization, S&P Dow Jones Indices is considering splitting the addition of the company's stock into two "tranches". (more...)
Lakshmi Vilas Bank placed under moratorium; withdrawals capped at Rs 25,000
- November 18, 2020
The CET1 of the bank was negative at -1.83 per cent and CRAR at 0.17 per cent as reported as on June 30, 2020 [CRAR has declined to -1.94 per cent as on September 30, 2020, as per unaudited position]. The LVB has been trying to clinch a deal with Clix Group for a merger but this fell through as both couldn't come with a concrete scheme to take to the discussion table with the regulator. (more...)
- November 18, 2020
The CET1 of the bank was negative at -1.83 per cent and CRAR at 0.17 per cent as reported as on June 30, 2020 [CRAR has declined to -1.94 per cent as on September 30, 2020, as per unaudited position]. The LVB has been trying to clinch a deal with Clix Group for a merger but this fell through as both couldn't come with a concrete scheme to take to the discussion table with the regulator. (more...)
Pfizer to begin a pilot coronavirus immunization program in four USA states
- November 17, 2020
Moderna's vaccine announcement comes as virus cases topped 11 million in the United States over the weekend, with one million recorded in just the past week. The news is arousing considerable excitement, with Pfizer CEO Albert Bourla calling this "a first but critical step in our work to deliver a safe and effective vaccine". (more...)
- November 17, 2020
Moderna's vaccine announcement comes as virus cases topped 11 million in the United States over the weekend, with one million recorded in just the past week. The news is arousing considerable excitement, with Pfizer CEO Albert Bourla calling this "a first but critical step in our work to deliver a safe and effective vaccine". (more...)
Pfizer says virus vaccine 90% effective
- November 17, 2020
The Phase 3 clinical trial of the Pfizer / BioNTech mRNA based vaccine (BNT162b2) began on July 27 and has enrolled 43,538 participants to date. He continued: "We are a significant step closer to providing people around the world with a much-needed breakthrough to help bring an end to this global health crisis". (more...)
- November 17, 2020
The Phase 3 clinical trial of the Pfizer / BioNTech mRNA based vaccine (BNT162b2) began on July 27 and has enrolled 43,538 participants to date. He continued: "We are a significant step closer to providing people around the world with a much-needed breakthrough to help bring an end to this global health crisis". (more...)
Tesla shares up 12 percent as automaker zooms to join S&P 500
- November 17, 2020
Many investors believe Tesla's stock is in a bubble. The announcement marks Tesla's arrival as a consistently profitable company after building up losses in its first nine years as a public company. Its weighting will be so influential that the S&P DJI is mulling whether to add the stock at the full float-adjusted market capitalization weight all at once or in two tranches. (more...)
- November 17, 2020
Many investors believe Tesla's stock is in a bubble. The announcement marks Tesla's arrival as a consistently profitable company after building up losses in its first nine years as a public company. Its weighting will be so influential that the S&P DJI is mulling whether to add the stock at the full float-adjusted market capitalization weight all at once or in two tranches. (more...)
Moderna says its vaccine shows strong results against COVID-19
- November 17, 2020
Overnight Moderna, one of their competitors, announced that they have one that's nearly 95 percent effective. A vaccine can't come fast enough, as virus cases topped 11 million in the USA over the weekend - 1 million of them recorded in just the last week. (more...)
- November 17, 2020
Overnight Moderna, one of their competitors, announced that they have one that's nearly 95 percent effective. A vaccine can't come fast enough, as virus cases topped 11 million in the USA over the weekend - 1 million of them recorded in just the last week. (more...)
Moderna's Covid-19 vaccine is strongly effective, early look at data show
- November 17, 2020
The EU has been in talks with Moderna for its experimental COVID-19 vaccine since at least July. The interim analysis was based on 95 confirmed COVID-19 cases, of which only five were found in the active vaccine group. The Moderna results are drawn from a clinical trial conducted in the USA involving 30,000 participants. The company reports 11 severe cases were detected in the trial, however, all were in the placebo group. (more...)
- November 17, 2020
The EU has been in talks with Moderna for its experimental COVID-19 vaccine since at least July. The interim analysis was based on 95 confirmed COVID-19 cases, of which only five were found in the active vaccine group. The Moderna results are drawn from a clinical trial conducted in the USA involving 30,000 participants. The company reports 11 severe cases were detected in the trial, however, all were in the placebo group. (more...)
Where Is Hurricane Iota Headed? Category 4 Storm's Path, Landfall Predictions
- November 17, 2020
The hurricane center also expects the coast of Nicaragua and Honduras will see a life-threatening storm surge as much as 10 to 15 feet above normal tide levels, with large and risky waves near the coast. Honduras, Guatemala and Nicaragua announced evacuations last week, even as the region was still reeling from the devastation inflicted by previous storm Eta. (more...)
- November 17, 2020
The hurricane center also expects the coast of Nicaragua and Honduras will see a life-threatening storm surge as much as 10 to 15 feet above normal tide levels, with large and risky waves near the coast. Honduras, Guatemala and Nicaragua announced evacuations last week, even as the region was still reeling from the devastation inflicted by previous storm Eta. (more...)
DAK calls for cold storage facilities for potential COVID vaccine
- November 16, 2020
BioNTech and co-developer Pfizer , last week, said their vaccine's preliminary analysis showed that it could prevent more than 90 per cent of people from getting COVID-19. If all works, then our immune cells can recognize the proteins whenever. There are a dozen coronavirus vaccine candidates in late-stage trials globally, and they employ a variety of approaches. (more...)
- November 16, 2020
BioNTech and co-developer Pfizer , last week, said their vaccine's preliminary analysis showed that it could prevent more than 90 per cent of people from getting COVID-19. If all works, then our immune cells can recognize the proteins whenever. There are a dozen coronavirus vaccine candidates in late-stage trials globally, and they employ a variety of approaches. (more...)
Oil jumps as investors remain hopeful of OPEC+ curbing supply
- November 16, 2020
Brent crude futures for January rose 44 cents, or 1%, to $43.22 a barrel by 0204 GMT. Bullish traders are hoping for a repeat of last week's performance which saw both futures contracts gaining almost 8%. "It's no surprise that the market is trimming the price gains today as realities for crude supply and demand are grim, while daily new Covid-19 cases in the USA are setting new records for the third-straight day", Bjornar Tonhaugen, head of oil markets at Rystad, said. (more...)
- November 16, 2020
Brent crude futures for January rose 44 cents, or 1%, to $43.22 a barrel by 0204 GMT. Bullish traders are hoping for a repeat of last week's performance which saw both futures contracts gaining almost 8%. "It's no surprise that the market is trimming the price gains today as realities for crude supply and demand are grim, while daily new Covid-19 cases in the USA are setting new records for the third-straight day", Bjornar Tonhaugen, head of oil markets at Rystad, said. (more...)
Hurricane Iota closing in on storm-battered Central America
- November 16, 2020
Iota is the 30th named storm in the Atlantic this year, a record, and it may end up as the season's strongest. Iota is expected to make landfall sometime Monday night in northeastern Nicaragua. Iota has intensified over the western Caribbean on approach to Nicaragua and Honduras. Authorities have ordered people to leave the area, but many are refusing to leave out of fear of catching Covid-19. (more...)
- November 16, 2020
Iota is the 30th named storm in the Atlantic this year, a record, and it may end up as the season's strongest. Iota is expected to make landfall sometime Monday night in northeastern Nicaragua. Iota has intensified over the western Caribbean on approach to Nicaragua and Honduras. Authorities have ordered people to leave the area, but many are refusing to leave out of fear of catching Covid-19. (more...)
Brexit: Trade deal sticking points 'can be resolved', says United Kingdom minister
- November 16, 2020
Still, he noted "you can always squeeze out extra time if you need to - if you are almost there". "We really have to try and find a way of coming up with a compromise on fish that both sides can live with", he said. Yet sources close to the UK's negotiating team insist that they are being constructive within the fundamental principles that they have laid out, and that it is the European Union unwilling to close the negotiating gap. (more...)
- November 16, 2020
Still, he noted "you can always squeeze out extra time if you need to - if you are almost there". "We really have to try and find a way of coming up with a compromise on fish that both sides can live with", he said. Yet sources close to the UK's negotiating team insist that they are being constructive within the fundamental principles that they have laid out, and that it is the European Union unwilling to close the negotiating gap. (more...)
Sputnik V: Russian Coronavirus Vaccine Arrives in India For Human Clinical Trial
- November 16, 2020
College principal RB Kamal said 180 volunteers have registered for the trials. Asked how many vaccines Britain would need, he said it depended on how effective they were at preventing transmission. Kirill Dmitriev, CEO of Russian Direct Investment Fund, the agency spearheading the development and production of coronavirus vaccine Sputnik V in Russia, says initial results have shown an efficacy rate of 92%. (more...)
- November 16, 2020
College principal RB Kamal said 180 volunteers have registered for the trials. Asked how many vaccines Britain would need, he said it depended on how effective they were at preventing transmission. Kirill Dmitriev, CEO of Russian Direct Investment Fund, the agency spearheading the development and production of coronavirus vaccine Sputnik V in Russia, says initial results have shown an efficacy rate of 92%. (more...)
GM Recalls Thousands of Electric Vehicles, Warning of Battery Fires
- November 16, 2020
The recall includes 50,932 U.S. Bolt vehicles. APGM said the vehicles pose a fire risk when charged to full, or almost full capacity. Previously, the U.S. This isn't the first time a carmaker announced a major recall over its EVs. Battery fires in EVs are uncommon, but they also aren't new. In October, Hyundai made a decision to recall around 77,000 Kona EVs sold around the globe after 14 incidents in which the vehicles caught fire were reported. (more...)
- November 16, 2020
The recall includes 50,932 U.S. Bolt vehicles. APGM said the vehicles pose a fire risk when charged to full, or almost full capacity. Previously, the U.S. This isn't the first time a carmaker announced a major recall over its EVs. Battery fires in EVs are uncommon, but they also aren't new. In October, Hyundai made a decision to recall around 77,000 Kona EVs sold around the globe after 14 incidents in which the vehicles caught fire were reported. (more...)
Petrol Price Increase Looms As PPMC Adjusts Ex-Depot Fee
- November 15, 2020
This means that at N155.17 per litre, marketers would be dispensing the product to motorists at between N167 and N175 per litre, from Friday, November 13, 2020. However, the hike in the price of the petrol by the NNPC and the PPMC is coming against the fact that the price of crude oil in the global market had remained largely unchanged over the last three months. (more...)
- November 15, 2020
This means that at N155.17 per litre, marketers would be dispensing the product to motorists at between N167 and N175 per litre, from Friday, November 13, 2020. However, the hike in the price of the petrol by the NNPC and the PPMC is coming against the fact that the price of crude oil in the global market had remained largely unchanged over the last three months. (more...)
SeaDream awaiting word from Barbados to have passengers disembark
- November 15, 2020
The news came just four days into the ship's seven-day trip. The agency will require weekly PCR testing of crew members, pre-boarding PCR testing for passengers and masks for all crew. SeaDream Yacht Club has halted a cruise in the Caribbean following several positive coronavirus tests among passengers, the company said on Friday. (more...)
- November 15, 2020
The news came just four days into the ship's seven-day trip. The agency will require weekly PCR testing of crew members, pre-boarding PCR testing for passengers and masks for all crew. SeaDream Yacht Club has halted a cruise in the Caribbean following several positive coronavirus tests among passengers, the company said on Friday. (more...)
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