China is expected to ban Australian wheat imports, putting in doubt about US$394 million trade, according to SCMP. China and Australia tensions escalated in April after Canberra pushed for an…
China has suspended the Ant Group Co’s $35 billion blockbuster Initial Public Offering (IPO) in the Shanghai leg after summoning its company executives, according to Bloomberg. The suspension comes after…
Eurozone Manufacturing PMI improved in October to reach 54.8, up from September’s 53.7 and higher than the flash reading of 54.4, according to HIS Markit press release. October PMI is…
U.S. PMI in October was 53.4, up slightly from September’s 53.2 in line with the flash estimate of 53.3, representing the sharpest rise since November 2019, according to HIS Markit…
Analysts believe that the Senate will be more important in determining the winners and losers in markets given its ability to advance or block the next president’s agenda, according to…
The U.S. Federal Reserve has reduced the minimum loan-level from $250,000 to as low as $100,000 in its Main Street Lending Program to support small and mid-sized firms hit by…
Two Goldman Sachs money-market funds, hit in March by billions of dollar investor withdrawals, have steadily gained liquidity cushion, much larger than the rivals, according to Reuters. The weekly liquidity…
Apple, Amazon, Facebook, and Google posted combined revenues of $220.28 billion, up from $200 billion revenues last quarter, MarketWatch reports. The Big Four, which make up about one-fifth of the…
Google reported Q3 2020 revenues of $46.2 billion, up 14% from $40.5 billion in Q3 2019, according to the company’s press release. Net incomes rose to 11.2 billion in the…
French billionaire and LVMH boss Bernard Arnault’s $16 billion acquisition of Tiffany will reduce by $425 million after a discount was agreed between the two companies, according to Reuters. The…
Exxon will cut 14,000 jobs globally and 1,900 in the U.S. to reduce employee numbers by 15% as the pandemic hurt energy demand and prices, according to Reuters. The job…
U.S. Real Gross Domestic Production rose at an annual rate of 33.1% in Q3 2020, above an estimated 31.0%, offsetting Q2 2020 declines of 31.4%, according to the Bureau of…