The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA).
H&M , the world’s second-biggest fashion retailer, on Monday reported a sharp but slightly smaller than expected drop in second-quarter sales as measures to slow the COVID-19 pandemic slammed the sector.
Italian bank Intesa Sanpaolo has increased the number of branches and amount of assets it will sell to rival BPER if its proposed takeover of UBI Banca goes through in an effort to overcome antitrust objections to the deal.
Asian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data from China also weighed on investor sentiment.
Jun.15 — To spur the restart of the French economy, President Emmanuel Macron announced a quicker end to restrictions put in place to contain the coronavirus. Bloomberg’s Maria Tadeo reports on “Bloomberg Daybreak: Europe.” …read more […]
Jun.15 — U.K. Prime Minister Boris Johnson makes a direct intervention into the Brexit talks today. He’ll hold a video call with three EU presidents in a bid to rejuvenate attempts to find a deal. Negotiations have struggled to make progress since March with neither side shifting dramatically from their starting positions. Bloomberg’s Maria Tadeo reports on “Bloomberg Daybreak: Europe.” …read more […]
Washington state is investigating whether Amazon (AMZN) abuses its powers over sellers on its e-commerce site, people involved with the inquiry have revealed to The New York Times.According to correspondence viewed by the paper, the Washington attorney general’s office is also looking into whether Amazon makes it harder for sellers to list their products on other websites.However, the sources added that the inquiries do not yet appear to be in advanced stages.Similarly, California is also investigating how Amazon treats sellers in its online marketplace, people familiar with the matter told The Wall Street Journal earlier this month.In particular, California state …read more […]
Stock market gains have further to run and investors are still under-pricing the scale of the world’s coronavirus recovery, investment bank Morgan Stanley said in an outlook note. “While the last four months have been exceptional, we think that this cycle has been, and will be, more ‘normal’ than appreciated,” said Andrew Sheets, the bank’s chief cross-asset strategist. The call, made in a note dated Sunday and distributed on Monday, comes as global markets pull back from a sharp rally that has lifted world stocks about 36% from March lows. …read more […]
Stock market gains have further to run and investors are still under-pricing the scale of the world’s coronavirus recovery, investment bank Morgan Stanley said in an outlook note.
Stock market gains have further to run and investors are still under-pricing the scale of the world’s coronavirus recovery, investment bank Morgan Stanley said in an outlook note. “While the last four months have been exceptional, we think that this cycle has been, and will be, more ‘normal’ than appreciated,” said Andrew Sheets, the bank’s chief cross-asset strategist. The call, made in a note dated Sunday and distributed on Monday, comes as global markets pull back from a sharp rally that has lifted world stocks about 36% from March lows. …read more […]
Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said.
Jun.15 — Dawn Soo, head of wellness at Cigna International Markets, discusses the company’s Covid-19 global impact study which studies the impact of the virus on people’s well-being. She speaks on “Bloomberg Markets: Asia.” …read more […]
Jun.15 — Aradhna Dayal, founder and chief executive officer at Access Alts Asia, discusses how family offices have performed so far this year and how they’ve changed their strategy amid the coronavirus pandemic. She speaks on “Bloomberg Markets: Asia.” …read more […]
World’s largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least five buyers in Asia, seven sources said on Monday. The cuts were mainly for medium and heavy grades and were seen at refineries in countries such as China, the sources with knowledge of the matter said. The sources declined to be named due to sensitivity of the matter. …read more […]
China’s factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
