Month: September 2020

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The oil market sentiment has turned sour, according to Rystad Energy. …read more […]

This article will reflect on the compensation paid to Giovanni Caforio who has served as CEO of Bristol-Myers Squibb… …read more […]

Today we will run through one way of estimating the intrinsic value of Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR… …read more […]

Finnish telecom firm Nokia has suffered a setback after a source close to the matter confirmed it had lost out to Samsung Electronics on a part of the contract to supply new 5G equipment to Verizon in the United States. With this $6.64 billion contract win, Samsung has reinforced its position as a challenger to the dominance of Nokia and its Nordic rival Ericsson in selling telecom gear, after China’s Huawei was barred from bidding for 5G contracts in the United States. The loss for Nokia comes after its new Chief Executive Pekka Lundmark took the top …read more […]

Despite bitcoin shedding over $2,000 in the last few weeks, the “buy the dip” mentality in the market still appears strong. …read more […]

Gyms across Hong Kong were allowed to reopen on September 4, 2020, after being closed for more than 50 days in the second round of social-distancing measures ordered by the city to fight Covid-19. But gyms face heavy restrictions as they get back to business, and many owners and operators say the damage has already been done and is most likely irreparable.

The recently formed Hong Kong Alliance of Boutique Fitness Operators, which represents more than 100 locally owned and operated gyms,… …read more […]

(Bloomberg) — The pound fell after U.K. Prime Minister Boris Johnson ratcheted up the chances of trade negotiations failing with the European Union.Sterling declined as much as 0.8% against the dollar to $1.3175, extending its drop to the longest since June, as Johnson prepared to tell the EU he’s willing to let talks fail rather than compromise on what he sees as core Brexit principles.“It looks that we are only at the beginning of a painful correction lower in the pound,” said Valentin Marinov, head of Group-of-10 foreign-exchange strategy at Credit Agricole SA, who sees the pound dropping to $1.20 …read more […]

(Bloomberg) — Samsung Electronics Co. won a 7.9 trillion won ($6.6 billion) order to provide fifth-generation wireless solutions to Verizon Communications Inc. in the U.S., a big win for the electronics giant’s networking gear business.The contract was finalized Friday and is valid from June 30 through December 2025, it said in a regulatory filing.The deal marks one of Samsung’s biggest 5G contracts since Korea’s largest corporation decided years ago to invest in networking and compete with global players like Nokia Oyj and Ericsson in providing telecom equipment. It should lift Samsung’s market share in the wireless industry at a time …read more […]

Sep.07 — U.K. lawmakers who want to push Brexit through may feel that the fallout from Covid-19 provides the “perfect camouflage” to hide the economic costs of a no-deal divorce, according to Stephen King, senior economic adviser at HSBC. He made the comments on “Bloomberg Markets: European Open.” …read more […]

Sep.07 — Michael Metcalfe, State Street Global head of macro strategy, says it’s too early to abandon technology stocks even after last week’s rout. “Fundamentally, nothing’s really changed,” he said in an interview on “Bloomberg Markets: European Open.” …read more […]

Sep.07 — Germany’s support for the Russian-led Nord Stream 2 pipeline is developing a few cracks. Foreign Minister Heiko Maas became the first member of Chancellor Angela Merkel’s cabinet to link the natural-gas conduit’s fate to Russian cooperation with an inquiry into the poisoning of dissident Alexey Navalny. Matt Miller reports on “Bloomberg Daybreak: Europe.” …read more […]

A massive operation was under way to rescue Labor Day campers trapped in California’s Sierra National Forest by the Creek Fire. It’s one of more than 20 major fires burning in the state as a brutal heat wave pushes temperatures in many areas into triple digits. Photo: Marcio Jose Sanchez/AP …read more […]

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The global economy is likely not headed for any major slowdown due to COVID-19 but piled-up storage and uncertainty over China’s oil demand cloud oil markets’ recovery, an official with International Energy Agency (IEA) said. Keisuke Sadamori, IEA director for energy markets and security, told Reuters the outlook for oil was in the midst of either a second wave or a steady first wave of the coronavirus. …read more […]