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Updated: 4 years 22 weeks ago
FOREX-Euro consolidates gains following lift from extra ECB stimulus
The euro consolidated its gains
on Friday after receiving a boost from the European Central
Bank's announcement a day earlier that it was expanding its
stimulus programme, putting the single currency on course to
rise for a third straight week.
Categories: Business News
Bargain-conscious Americans lift used-car sales in the coronavirus economy
At the height of the
coronavirus pandemic in mid-April, used-car dealer Alex
Tovstanovsky had vehicles jammed six rows deep on his lot in the
western Chicago suburb of Naperville.
Categories: Business News
Brazil retailer Centauro raises $176 mln in follow-on offering; trading from June 8
Brazilian sporting goods
retailer Centauro has sold 30,000,000 new shares in a follow-on
offering at 30 reais each, raising 900 million reais ($176
million), it said on Friday.
Categories: Business News
Japanese lenders bet on casinos
TOKYO, June 5 (LPC) - Japan's megabanks are hoping to hit
the jackpot on up to ¥1.8trn (US$17bn) of project financings
from the country's first integrated resort casinos, for which
senior bank debt is expected to play a pivotal role in funding
plans.
Categories: Business News
UPDATE 1-British Airways parent company considering legal challenge to UK quarantine rules
The owner of British Airways is
considering launching a legal challenge against the UK's looming
quarantine plan, its chief executive said, warning that the new
rules would torpedo its return to flying in July.
Categories: Business News
UPDATE 2-Facebook to apply state media labels on Russian, Chinese outlets
Facebook Inc will
start labeling Russian, Chinese and other state-controlled media
organizations, and later this summer will block any ads from
such outlets that target U.S. users, it said on Thursday.
Categories: Business News
UPDATE 8-Pompeo calls Nasdaq's strict rules a model to guard against fraudulent Chinese companies
U.S. Secretary of State Mike
Pompeo on Thursday warned American investors against fraudulent
accounting practices at China-based companies and said the
Nasdaq's recent decision to tighten listing rules for such
players should be "a model" for all other exchanges around the
world.
Categories: Business News
Lenders cool on US buyout talk
HONG KONG, June 5 (LPC) - A bill that could force Chinese
companies to delist over US$1trn of shares from US markets has
sparked chatter among Asian lenders of an unprecedented wave of
event-driven financings as a potential consequence.
Categories: Business News
British Airways parent company considering legal challenge to UK quarantine rules
British Airways parent company
IAG said it is considering launching a legal challenge
against the UK government's 14-day quarantine rule for incoming
travellers.
Categories: Business News
UPDATE 1-European stocks set for strong finish to week, banks sizzle after ECB
Categories: Business News
UPDATE 1-Link to raise $284 mln from sale of ex-Woodford fund healthcare assets
Fund administrator Link Fund Solutions
said it will sell up to 19 healthcare assets in the LF Equity
Income fund formerly run by Neil Woodford for 223.9 million
pounds ($284 million) to Acacia Research Corp as it seeks to
recoup cash for investors.
Categories: Business News
GLOBAL MARKETS-Global stocks and euro surge ahead of U.S. jobs data
World stocks held their
ground near three-month highs as the euro hit its highest level
since March 10, thanks to Europe's stimulus boost, fuelling
hopes for a global rebound.
Categories: Business News
MORNING BID-Warm glow for markets
(A look at the day ahead from EMEA deputy markets editor Sujata
Rao. The views expressed are her own.)
The euro is basking in the afterglow of yesterday's European
Central Bank meeting; having just enjoyed its longest winning
streak since 2011 -- eight days -- it could extend that all the
way back to 2004, should it post another day of gains.
Categories: Business News
FOREX-Euro in the ascendancy on the back of ECB stimulus
The euro climbed to a three-month
high on Friday and was set for a third straight week of gains
after the European Central Bank expanded its stimulus programme.
Categories: Business News
REFILE-Once targeted by officials, street vendors make unexpected comeback in China
Categories: Business News
CORRECTED-Link sells former Woodford fund's healthcare assets to Acacia for 224 mln stg
Link Fund Solutions, administrator of the
LF Equity Income Fund, formerly run by veteran investor Neil
Woodford, said on Friday it would sell up to 19 of the fund's
healthcare assets to Acacia Research Corp for 223.9
million pounds.
Categories: Business News
China says social media firms should not selectively create obstacles for media
China said on Friday that social
media companies should not selectively create obstacles for
media agencies, responding to Facebook Inc's decision to
start labeling state-controlled media organisations.
Categories: Business News
UPDATE 1-Singapore plans wearable virus contact tracing device for all
Singapore plans to give a
wearable device that will identify people who had interacted
with carriers of coronavirus to all of its 5.7 million
residents, in what could become one of the most comprehensive
contact tracing efforts globally.
Categories: Business News