Newsroom
PRESS RELEASES | FINANCIAL NEWS
Huawei CFO Meng back in Canadian court fighting U.S. extradition, , on September 28, 2020 at 7:18 am
Huawei Technologies Chief Financial Officer Meng Wanzhou will be back in a Canadian courtroom on Monday as her lawyers resume their fight to block the United States' efforts to extradite her. Meng, 48, was arrested in December 2018 on a warrant from the United States...
Cleveland-Cliffs to buy U.S. assets of ArcelorMittal for about $1.4 billion, , on September 28, 2020 at 6:26 am
Reuters reported on Sunday, citing sources, that ArcelorMittal was in talks to merge its U.S. operations with Cleveland-Cliffs. ArcelorMittal said last year it was aiming to offload $2 billion of assets by the middle of 2021 to reduce its debt., Reuters reported on...
Trump’s TikTok Ban a Distraction: Octahedron Capital, , on September 28, 2020 at 5:58 am
Sep.28 -- Ram Parameswaran, founder and portfolio manager at Octahedron Capital Management, discusses the sale of ByteDance Ltd.’s U.S. operation to Oracle Corp. and Walmart Inc. and a federal judge blocking President Donald Trump’s ban on TikTok. He speaks on...
What the Pandemic Showed Us About Work Productivity, , on September 28, 2020 at 5:40 am
Sep.28 -- Manny Maceda, worldwide managing partner at Bain & Co., discusses the company’s report on the lessons learned from the pandemic and the future of work post-coronavirus. He speaks on “Bloomberg Markets: Asia.”, Sep.28 -- Manny Maceda, worldwide managing...
Sell the day and go away? U.S. stock returns come overnight, , on September 28, 2020 at 4:44 am
Mornings have been lacking in joy this month for investors seeking returns in U.S. stocks. On average, losses on the benchmark S&P 500 index have been steepest between 10 a.m. and 11 a.m. Eastern (1400-1500 GMT), and every hour thereafter during the session has...
Gold inches higher on tepid dollar; Trump-Biden debate in focus, , on September 28, 2020 at 4:43 am
Spot gold was up 0.1% at $1,861.13 per ounce by 0503 GMT. U.S. gold futures were steady at $1,865.90. "Gold is going to be driven by the tenor of the U.S. dollar," said Stephen Innes, chief market strategist at AxiCorp., Spot gold was up 0.1% at $1,861.13 per ounce by...
Sell the day and go away? U.S. stock returns come overnight, , on September 28, 2020 at 4:08 am
Mornings have been lacking in joy this month for investors seeking returns in U.S. stocks. On average, losses on the benchmark S&P 500 index have been steepest between 10 a.m. and 11 a.m. Eastern (1400-1500 GMT), and every hour thereafter during the session has...
Siemens Unleashes Behemoth Behind Much of World’s Electricity, , on September 28, 2020 at 4:00 am
(Bloomberg) -- Siemens AG is about to let investors make pure-play bets on a company whose technology is behind roughly one-sixth of the world’s electricity.Monday’s listing of Siemens Energy AG marks the next step in the unwinding of a German conglomerate making a...
HSBC Posts Biggest Intraday Jump Since 2009 After Selloff, , on September 28, 2020 at 3:44 am
(Bloomberg) -- HSBC Holdings Plc rose the most in Hong Kong trading since 2009 as its biggest shareholder raised its stake in the embattled lender which last week hit the lowest in quarter of a century.A unit of Ping An Insurance Group Co. revealed in an exchange...
Investors swamp IPO for K-Pop band BTS management label, prices at top of range, , on September 28, 2020 at 3:26 am
Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, priced its initial public offering (IPO) at the top of its range on Monday, as hopeful buyers chased South Korea's largest listing in three years. Institutional investors...
Trump: I’m Willing to Take a Drug Test, Biden Should Too, , on September 28, 2020 at 3:19 am
Sep.27 -- President Donald Trump called for Democratic presidential nominee Joe Biden to take a drug test before Tuesday’s presidential debate. He speaks at a news briefing at the White House., Sep.27 -- President Donald Trump called for Democratic presidential...
Exclusive: ArcelorMittal in talks to merge U.S. assets with Cleveland-Cliffs – sources, , on September 28, 2020 at 2:43 am
, ,
CSI 300 Will Range From 4,500 to 5,000: Jefferies’s Lee, , on September 28, 2020 at 2:32 am
Sep.27 -- Alexious Lee, head of China strategy research at Jefferies, discusses Chinese markets and his investment strategy. He speaks on “Bloomberg Markets: China Open.”, Sep.27 -- Alexious Lee, head of China strategy research at Jefferies, discusses Chinese markets...
China’s Largest Chipmaker Sinks After U.S. Imposes Restrictions, , on September 28, 2020 at 2:03 am
(Bloomberg) -- Semiconductor Manufacturing International Corp. retreated to a four-month low in Hong Kong after the U.S. imposed export restrictions on China’s largest chipmaker.The shares slumped as much as 7.9% on Monday, adding to their 25% loss for the month. Also...
Remington Auctioned Off to Seven Bidders in Bankruptcy Court, , on September 28, 2020 at 1:51 am
, ,
Australia's Piedmont signs lithium ore supply deal with Tesla, shares surge, , on September 28, 2020 at 1:35 am
The initial five-year agreement implies that Piedmont will supply about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. The deal comes on the heels of Tesla's "Battery Day" presentation last week when...
Australia’s Piedmont signs lithium ore supply deal with Tesla, shares surge, , on September 28, 2020 at 1:35 am
The initial five-year agreement implies that Piedmont will supply about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. The deal comes on the heels of Tesla's "Battery Day" presentation last week when...
Trump: I Paid Takes and a Lot of State Taxes, , on September 28, 2020 at 12:56 am
Sep.27 -- President Donald Trump answers questions about the New York Times article about his tax information for the last two decades. Trump is said to have paid $750 in federal income taxes in the year he won the presidency. He speaks at a news briefing at the White...
Judge Blocks Trump Order On TikTok Just Hours Before Ban Goes Into Effect, , on September 28, 2020 at 12:54 am
A federal judge has halted the Trump Administration's ban on video-sharing app TikTok.Per multiple media reports, Judge Carl Nichols of the U.S. District Court in Washington, D.C. blocked the ban, which was set to go into effect at midnight Sunday.The news comes on...
JPMorgan Says Cash Levels May Stay High as Safe Assets Struggle, , on September 28, 2020 at 12:48 am
(Bloomberg) -- Investors may remain in cash more than expected as safe-haven assets seen as traditional hedges aren’t panning out, according to JPMorgan Chase & Co.Above-average allocations to cash may be an unintended consequence of easy-money policies, with...
Trump Denies New York Times Report on His Income Taxes, , on September 28, 2020 at 12:47 am
Responding to questions at a press conference Sunday, President Trump denied a New York Times article about his finances, saying he pays "a lot" in federal income taxes. Photo: Chris Kleponis/Bloomberg News, Responding to questions at a press conference Sunday,...
Devon-WPX Deal Would Answer Investor Calls for Permian M&A Wave, , on September 28, 2020 at 12:20 am
(Bloomberg) -- Fed-up U.S. shale investors may finally be about to get the industry consolidation they’ve been demanding.Devon Energy Corp. and WPX Energy Inc. are in advanced talks to merge, the Wall Street Journal reported Saturday, with an announcement coming as...
Devon-WPX Deal Would Answer Investor Calls for Permian M&A Wave, , on September 28, 2020 at 12:20 am
(Bloomberg) -- Fed-up U.S. shale investors may finally be about to get the industry consolidation they’ve been demanding.Devon Energy Corp. and WPX Energy Inc. are in advanced talks to merge, the Wall Street Journal reported Saturday, with an announcement coming as...
The Unintended Consequences Of Fossil Fuel Divestment, , on September 27, 2020 at 11:00 pm
, ,
Notable Insider Buys Last Week: Snowflake, Broadcom And More, , on September 27, 2020 at 10:07 pm
* Insider buying can be an encouraging signal for potential investors when markets are near all-time highs. * A top semiconductor maker saw a notable insider buy recently. * A couple of chief executive officers picked up some shares last week. Conventional wisdom says...
U.S. Stock Futures Tick Higher; Dollar Steady: Markets Wrap, , on September 27, 2020 at 10:07 pm
(Bloomberg) -- U.S. equity-index futures began the week with modest gains and stocks in Asia were on course to open marginally higher as investors weighed further signs of recovery in China against more virus outbreaks in some parts of the world.Currencies began the...
Gulf Nations Are Desperate For Higher Oil Prices, , on September 27, 2020 at 9:00 pm
Despite claims that their economies can survive low oil prices, Gulf nations are grappling with a massive half-trillion-dollar budget deficit, Despite claims that their economies can survive low oil prices, Gulf nations are grappling with a massive...
Exclusive: ArcelorMittal in talks to merge U.S. assets with Cleveland-Cliffs, , on September 27, 2020 at 8:54 pm
It would come after Cleveland-Cliffs acquired AK Steel, a U.S. maker of flat-rolled carbon steels, including stainless steel, for $3 billion, including debt, last March. The latest deal could result in the merger of U.S. assets of Luxembourg-based ArcelorMittal that...
WSJ Opinion: Hits and Misses of the Week, , on September 27, 2020 at 7:39 pm
Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Reuters/AFP/Getty Images Composite: Mark Kelly, Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger....
WSJ Opinion: The Vaccine Race Quickens as the Virus Surges Across Europe, , on September 27, 2020 at 7:28 pm
Journal Editorial Report: Paul Gigot interviews Dr. Martin Makary of Johns Hopkins University. Image: Dado Ruvic/Reuters, Journal Editorial Report: Paul Gigot interviews Dr. Martin Makary of Johns Hopkins University. Image: Dado Ruvic/Reuters,
Instant Quote
Singapore
168 Robinson Road,
Capital Tower, Singapore 068912
+65 3105 1295
Taiwan
5th Floor, No. 1-8, Section 5, Zhongxiao East Road, Taipei
Hong Kong
R91, 3rd Floor,
Eton Tower, 8 Hysan Ave.
Causeway Bay, Hong Kong
+852 3002 4462
Australia
44 Martin Place, Sydney 2000 Australia
+02 8319 3232
Indonesia
Millennium Centennial Center, 38th Floor, Jl. Jend. Sudirman Kav. 25
Jakarta 12920, Indonesia