Business
EU-UK Trade Pact Still Possible As Departure Date Nears
The European Union's Brexit negotiator, Michel Barnier, said on Monday that sealing a new pact with Britain was still possible as the date for the country's departure from the bloc edged nearer.
Here are Top Investment Plans Parents Can Choose for Young Boys
Parents and guardians need to begin investing early for their children so that there is less tension when the child grows up.
Norway Says It Could Block EU, British Fishing Vessels From Jan 1
Norway may stop British and EU vessels fishing in its waters from Jan. 1, its fisheries minister said on Friday, as talks on the management of common North Sea stocks have been held up by London's protracted Brexit standoff with Brussels.
Portugal Predicts TAP Will Need $2.4 Billion To Keep Flying
Portugal expects airline TAP will need around 2 billion euros ($2.4 billion) in extra funds with state guarantees to cover its financing needs until 2024 under a restructuring plan.
U.S. SEC Charges Sequential Brands With Deceiving Investors Over Goodwill
The U.S. Securities and Exchange Commission on Friday sued Sequential Brands Group Inc, accusing the brand management company of deceiving investors by failing to write down its goodwill fast enough after its stock price fell.
Exclusive: Ecuador Weighs Suit Against Vitol In Wake Of Graft Revelations, Sources Say
Ecuadorian staterun oil company Petroecuador is weighing a lawsuit against Vitol after the world's largest oil trader admitted last week to bribing officials in the South American country, according to two sources with direct knowledge of the matter.
U.S. Household Wealth, Cash Balances, Rose Through September Despite Pandemic
The wealth of U.S. households hit a record $123.5 trillion in September as rising stock and home values and an accumulating buffer of cash defied expectations of a pandemicrelated crash in household finances, according to new data from the U.S. Federal Re...
Japan To Sell Over $1 Trillion Of New Bonds As Pandemic Costs Balloon - Sources
Japan is likely to sell over $1 trillion of new government bonds this fiscal year to fund its huge stimulus packages, sources said, as the coronavirus crisis guts tax revenues and strains already tattered finances.
Blockbuster IPO Market Still Calls For Cautious Approach
Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years.
Delta Asks More Workers To Take Leave As Travel Slump Widens
Delta Air Lines has managed to avoid furloughs but is now asking more employees to take unpaid leaves of absence, a sign of the deepening slump in air travel as coronavirus cases increase across the United States.
How Major US Stock Indexes Fared Wednesday
Major market indexes closed lower on Wall Street Wednesday, led by weakness in technology companies.
U.S. Job Openings Rise Moderately; Layoffs Increase
U.S. job openings increased modestly in October and layoffs rose, strengthening views that the labor recovery from the COVID19 pandemic was slowing.
Stocks Hover Near Flat, Sterling Up After Recent Weakness
Global equity indexes were mostly near flat on Wednesday as upbeat COVID19 vaccine news was offset by lingering concern about the economic recovery, while sterling gained after recent weakness.
Dutch Prosecutors To Investigate UBS Chief Over ING Money Laundering Case
A Dutch court on Wednesday ordered a criminal investigation into the role UBS Chief Executive Ralph Hamers played in ING Group's failure to crack down on money laundering when he was head of the Dutch bank.
Gold Falls 1% As Equities Extend Rally On Vaccine Optimism
Gold slid 1% on Wednesday, falling back from the previous session's twoweek peak as optimism over COVID19 vaccine developments led investors to opt for riskier assets such as equities.
Citigroup Heads To Trial Seeking To Undo Nearly $900 Million Revlon Blunder
Citigroup Inc is heading to trial on Wednesday, hoping to convince a Manhattan federal judge to undo a nearly $900 million blunder where it used its own money to repay lenders of Revlon Inc, the struggling cosmetics company.