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Updated: 4 years 21 weeks ago
MOVES-Brazilian broker XP hires local JPMorgan CEO to lead banking ops
Brazilian broker XP Inc
hired José Berenguer, JPMorgan CEO in Brazil, to lead its
wholesale banking business, the broker said in a statement on
Monday.
Categories: Business News
U.S. Supreme Court rules for pipeline in Appalachian Trail dispute
Ruling against
environmentalists, the U.S. Supreme Court on Monday decided that
the federal government has the authority to allow a proposed
$7.5 billion natural gas pipeline to cross under the popular
Appalachian Trail in rural Virginia.
Categories: Business News
UPDATE 2-AstraZeneca COVID-19 vaccine to be shared across Europe, says France
A deal between
AstraZeneca and four European countries for COVID-19
vaccines involves doses being shared by European Union members
on a pro rata basis based on population, a source at the French
President's office said on Monday.
Categories: Business News
MOVES-Bank of America names Kleinsteuber to run Americas insurance investment banking
Bank of America Corp
has appointed Brad Kleinsteuber as its head of insurance
investment banking in the Americas, according to an internal
memo seen by Reuters on Monday, the contents of which were
confirmed by a bank spokesman.
Categories: Business News
US STOCKS-Fears of fresh virus wave hit Wall St, S&P 500 slips below 3,000 pts
Categories: Business News
UPDATE 1-Walmart partners with Shopify to expand online marketplace business
Walmart Inc has partnered with
Canadian e-commerce firm Shopify Inc , as the
world's biggest brick-and-mortar retailer ramps up its efforts
to capture a bigger slice of the coronavirus-driven surge in
online shopping.
Categories: Business News
UPDATE 2-United Airlines pledges loyalty program for $5 billion loan
United Airlines said on
Monday it is pledging its MileagePlus frequent flyer program for
a new $5 billion loan aimed at further buffering its liquidity,
even as its cash burn rate slows thanks to a steady improvement
in demand.
Categories: Business News
EMERGING MARKETS-Brazil's real, Mexican peso lead Latam FX lower; stocks fall
Latin American markets extended losses
into a fourth straight session on Monday, tracking a broader
retraction in risk appetite as investors fretted over a
resurgence of COVID-19 cases.
Brazil's real and the Mexican peso were the
worst performing currencies for the day, losing about
Categories: Business News
UPDATE 2-Primark the star attraction as England's stores reopen after lockdown
Categories: Business News
CANADA STOCKS-TSX hits near 3-week low on fears of fresh virus outbreak
Canada's main stock index dropped to a
near three-week low on Monday, dragged down by the energy
sector, as broader risk appetite was rattled by fears of a
resurgence in coronavirus cases.
Categories: Business News
TREASURIES-Yields fall as concerns over coronavirus spread dent risk appetite
U.S. Treasury yields fell on
Monday as renewed concerns over the spread of the coronavirus
dented risk appetite, boosting demand for safe-haven bonds and
sending stocks lower.
Several districts of the Chinese capital put up security
checkpoints, closed schools and ordered people to be tested for
the coronavirus on Monday after an unexpected spike of cases
linked to the biggest wholesale food market in Asia.
New coronavirus cases an
Categories: Business News
UPDATE 2-Masked Germans touch down in Mallorca in cautious tourism revival
Hundreds of
mask-wearing sunseekers from Germany landed on the Spanish
island of Mallorca on Monday, the first tourists allowed into
the country since borders were shut in March to tackle the
coronavirus pandemic.
Categories: Business News
Grounded jets boost France's historic Chateauroux airport
More than half a
century since the U.S. military left Chateauroux's vast air
base, the coronavirus travel slump has provided a surge of
business for the French regional airport.
Categories: Business News
UPDATE 2-U.S. FDA clears new version of Abbott's low-cost glucose monitor
The U.S. Food and Drug Administration on
Monday cleared a new version of Abbott Laboratories'
continuous glucose monitoring device, helping the company build
upon the success of its fastest-growing diabetes product.
Categories: Business News
China's 58.com to go private in $8.7 billion deal
Chinese online classifieds marketplace
58.com Inc said on Monday it would be taken private by
a consortium of investors, including private equity firm Warburg
Pincus Asia LLC, in a deal that valued the company at about $8.7
billion.
(Reporting by Akanksha Rana in Bengaluru; Editing by Arun
Koyyur)
Categories: Business News
EU governments to pay 750 mln euros for 300 mln doses of AstraZeneca vaccine -Italy
Italy, Germany, the Netherlands
and France will pay 750 million euros ($843.1 million) for 300
million doses of AstraZeneca's potential COVID-19 vaccine as
part of a European deal to secure supplies of the drug, a
spokesman for Italy's health ministry said on Monday.
Categories: Business News
GLOBAL MARKETS-Stocks, oil under pressure amid fears of second wave of pandemic
Fears of a second wave of
COVID-19 infections sent jitters across global markets on Monday
with stocks and oil under pressure while investors bought into
safe havens such as government bonds.
Categories: Business News
UPDATE 1-Germany to buy stake in CureVac as world races for COVID-19 vaccine
Germany will take a
stake in unlisted biotech firm CureVac, which is working on a
COVID-19 vaccine, Economy Minister Peter Altmaier said on
Monday, confirming an earlier Reuters report.
Categories: Business News
Eli Lilly starts late-stage study of arthritis drug in COVID-19 patients
U.S. drugmaker Eli Lilly and Co
said on Monday it has started a late-stage trial testing its
rheumatoid arthritis drug Olumiant in patients hospitalized with
COVID-19.
Categories: Business News