Indian conglomerate Reliance Industries said on Sunday equity firm General Atlantic will buy 1.34% of its digital unit for 65.98 billion rupees ($870.25 million).
The investors in Aurora Cannabis Inc.’s (TSE:ACB) will be rubbing their hands together with glee today, after the… …read more […]
U.S. President Donald Trump is accusing Alphabet Inc.’s Google (GOOGL), Facebook Inc. (FB), Twitter Inc. (TWTR) and Instagram of being involved in an “illegal situation”.“The Radical Left is in total command & control of Facebook, Instagram, Twitter and Google,” Trump said in a Twitter post. “The Administration is working to remedy this illegal situation.”Trump’s comment was triggered by a video showing part of a speech decrying tech censorship by Michelle Markin, a conservative commentator who has been criticised for backing white nationalist activists and who has previously questioned the number of Holocaust victims.The tweets come amid a report by the …read more […]
Last week, you might have seen that Applied Materials, Inc. (NASDAQ:AMAT) released its second-quarter result to the… …read more […]
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) has dramatically ramped up its holdings of US stocks in the first quarter of the year, a new filing has revealed.The $325 billion fund, which is chaired by Crown Prince Mohammed bin Salman, made the most of the coronavirus-related stock market selloff by taking its US holdings from a total value of $2.1 billion to $9.78 billion in just three months.Sizable new positions include an $828M stake in BP Plc (BP), and a $714M stake in Boeing (BA).PIF also made significant investments in Citigroup (C), Facebook ($521M) (FB), Marriott (MAR), …read more […]
The United States is expected to revise its aid program for small businesses to cope with the economic fallout of the coronavirus outbreak, the Wall Street Journal reported on Sunday.
Temporary unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial recoveries from the COVID-19 pandemic, even if they help industries that rebound quickly.
A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next watershed moment looms with the expiry of the June contract on Tuesday – and so far there is little sign of a repeat of the historic plunge.
British Cabinet Office minister Michael Gove said on Sunday that there was a post-Brexit trade deal to be done with the European Union providing the bloc compromised its stance, days after both sides said talks were making little progress.
Refinancing can be smart for homeowners who have a high interest rate on their current mortgage, many years left to pay it off, or both, experts say. …read more […]
China’s commerce ministry said on Sunday it is firmly opposed to the latest rules by the United States against Huawei and will take all necessary measures to safeguard Chinese firms rights and interests.
Walt Disney Co will partially reopen its Disney Springs entertainment and shopping complex at Walt Disney World Resort in Florida on May 20, it said late on Saturday.
China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cases and worsening infection rates elsewhere raise concerns about global supply lines.
(Bloomberg) — Forget plunging oil prices and a collapse in consumer spending. Some of the world’s most-prominent investors are raising alarm bells over the looming threat of inflation, and turning to gold for protection.Money printing by central banks and vast state stimulus packages are rekindling interest in one of the oldest stores of wealth. It’s a revival of a trade that became popular in the wake of the 2008 crisis, as money managers piled into gold for similar reasons, but were ultimately disappointed as inflation was kept in check. Yet the unprecedented scale of the government response to the coronavirus …read more […]
(Bloomberg Opinion) — American oil producers have cut much more output than you think. Their reaction to market forces has been bigger than official data suggest, and that means the U.S. is actually working alongside Saudi Arabia, Russia and other big oil producers, to help balance oil supply and demand — even if that wasn’t quite what President Donald Trump intended.Two sets of data from the U.S. Energy Information Administration show that crude production is now about 11.6 million barrels a day, down by between 1.2 million and 1.4 million barrels a day, or roughly 10%, from plateau levels reached …read more […]
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