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Updated: 1 hour 29 min ago

China will not adopt "flood-like" stimulus nor negative rates - banking regulator

Wed, 06/17/2020 - 23:23
China will not adopt "flood-like" stimulus nor negative rates, Guo Shuqing, chairman of the banking and insurance regulator, said on Thursday at a financial forum in Shanghai.
Categories: Business News

Morning News Call - India, June 18

Wed, 06/17/2020 - 23:19
To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06182020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 11:00 am: Prime Minister Narendra Modi to address the launch of ‘Auction of Coal Mines for Commercial Mining’ in New Delhi. 11:00 am: ASSOCHAM’s webinar on “Impact of COVID o
Categories: Business News

REFILE-GLOBAL MARKETS-Global stocks retreat on rising second wave fears

Wed, 06/17/2020 - 23:16
* S&P 500 futures, MSCI ex-Japan Asia shares down more than 1%
Categories: Business News

UPDATE 2-Australian regulator says Google's $2.1 bln Fitbit deal could harm competition

Wed, 06/17/2020 - 23:12
Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising markets.
Categories: Business News

UPDATE 1-Glass Lewis joins ISS in opposing Tesla chairwoman's re-election to board

Wed, 06/17/2020 - 23:01
Glass Lewis said on Thursday that it urged Tesla Inc investors to vote against re-electing Chairwoman Robyn Denholm to the company's board, making it the second proxy advisory firm to oppose her appointment.
Categories: Business News

Last A380 convoy in French village spells end of an aviation era

Wed, 06/17/2020 - 22:07
The last convoy of outsize parts for the world's largest airliner crawled towards an assembly plant in southwest France late Wednesday, applauded by residents and production workers as Europe's Airbus prepares to build the last A380 superjumbo.
Categories: Business News

ADB sees developing Asia barely growing in 2020 due to pandemic

Wed, 06/17/2020 - 22:02
The Asian Development Bank (ADB) on Thursday slashed its growth forecast for developing Asia this year to 0.1% from 2.2% to reflect the impact of the lockdowns on economic activity due to the coronavirus pandemic.
Categories: Business News

UPDATE 1-Google, Fitbit deal may hamper competition -Australian regulator

Wed, 06/17/2020 - 21:33
Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned $2.1 billion acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health markets.
Categories: Business News

PRESS DIGEST- British Business - June 18

Wed, 06/17/2020 - 21:11
June 18 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

PRESS DIGEST- Financial Times - June 18

Wed, 06/17/2020 - 21:00
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

Glass Lewis opposes Tesla chairwoman's re-election to Board - Bloomberg News

Wed, 06/17/2020 - 20:55
Proxy-adviser Glass Lewis has urged Tesla Inc investors to vote against re-electing chairwoman Robyn Denholm to the company's board due to an arrangement with Elon Musk that raises corporate governance concerns, Bloomberg reported on Wednesday.
Categories: Business News

Australian regulator raises concerns over Google, Fitbit deal

Wed, 06/17/2020 - 20:38
Australia's consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned Google's $2.1 billion bid for fitness tracker company Fitbit.
Categories: Business News

UPDATE 1-Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom

Wed, 06/17/2020 - 20:36
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
Categories: Business News

UPDATE 1-Kim Kardashian West to host criminal justice podcast for Spotify

Wed, 06/17/2020 - 20:01
Reality TV star Kim Kardashian West has reached a deal with Swedish music streaming company Spotify Technology SA to host a podcast related to criminal justice reform, a representative for West said on Wednesday.
Categories: Business News

GLOBAL MARKETS-Asian stocks set to fall as Wall St snaps 3-day winning streak

Wed, 06/17/2020 - 19:58
Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.
Categories: Business News

CORRECTED-UPDATE 1-Canada's Enbridge says 800 workers take voluntary buyouts

Wed, 06/17/2020 - 19:52
Enbridge Inc, Canada's largest pipeline operator, said on Wednesday about 800 employees have opted for voluntary buyouts, as the company tries to reduce costs to tackle the COVID-19 crisis and the global oil price shock.
Categories: Business News

CORRECTED-Enbridge says 800 workers take voluntary buyouts

Wed, 06/17/2020 - 19:51
Enbridge Inc, Canada's largest pipeline operator, said on Wednesday about 800 employees have chosen to take voluntary buyouts, as the company tries to reduce costs amid dual challenges of COVID-19 and the global oil price shock.
Categories: Business News

UPDATE 1-British oil major BP raises $12 bln in debt, says FT

Wed, 06/17/2020 - 19:06
British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low interest rates to fortify its balance sheet, the Financial Times (FT) reported https://www.ft.com/content/6213ac92-9d7b-41da-9353-a2be17a37a96 on Wednesday.
Categories: Business News

UPDATE 2-Brazil cuts interest rates to new low, leaves door open for 'residual' easing

Wed, 06/17/2020 - 18:54
Brazil's central bank cut its benchmark interest rate by 75 basis points to a record low of 2.25% on Wednesday, as expected, and said there was some room left for further monetary stimulus to support an economy ravaged by the coronavirus pandemic.
Categories: Business News

Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%

Wed, 06/17/2020 - 18:52
A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71% from the time she started in wealth management to 2019.
Categories: Business News

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