Jul.20 — Things could be looking up for EU leaders in search of a deal on the recovery fund. Overnight, talks failed to produce an agreement on how to structure the 750 billion-euro package, but now officials have told Bloomberg the four countries who have been holding back in negotiations are ready to agree on a compromise. Bloomberg’s Maria Tadeo reports on “Bloomberg Markets: European Open.” …read more […]
Jul.20 — Philipp Rickenbacher, chief executive officer at Julius Baer Group Ltd., discusses client activity throughout the pandemic, his business outlook and how the bank was impacted by Covid-19. He speaks on “Bloomberg Markets: European Open.” …read more […]
Jul.20 — Frans van Houten, chief executive officer at Koninklijke Philips NV, discusses his outlook for business in the covid-19 era, earnings in the second half and ventilator production. He speaks on “Bloomberg Daybreak: Europe.” …read more […]
(Bloomberg) — Deep in the electric-vehicle industry’s supply chain is a little-known Japanese manufacturer that makes a seemingly mundane, but essential, device: coil-winding machines.If the motor is the heart of an EV, then coils in turn are the heart of the electric motor. Odawara Engineering Co., founded 70 years ago as a supplier for appliance makers, is an expert in the making the dense loops of wire that go into those motors. Tesla Inc., manufacturer of the Model S and Model 3 sedans and most recently the world’s most-valuable automaker, is one of its biggest customers.Although the coronavirus pandemic has …read more […]
Pfizer Inc (PFE) and BioNTech SE (BNTX) have announced an agreement with the UK to supply 30 million doses of their BNT162 mRNA-based coronavirus vaccine candidate, currently in development. The agreement is subject to clinical success and regulatory approval for the vaccine.Financial details of the agreement were not disclosed, but the terms were based on the timing of delivery and the volume of doses.“We’re harnessing our scientific expertise, and we’re marshaling our manufacturing resources to ensure that the vaccine would be available as soon as possible,” said Albert Bourla, CEO of Pfizer. “This agreement is a testament to our shared …read more […]
Britain has signed deals to secure 90 million doses of two possible COVID-19 vaccines from the Pfizer Inc and BioNTech alliance and French group Valneva, the business ministry said on Monday. Britain had secured 30 million doses of the experimental BioNTech/Pfizer vaccine, and a deal in principle for 60 million doses of the Valneva vaccine, with an option of 40 million more doses if it was proven to be safe, effective and suitable, the ministry said. …read more […]
(Bloomberg) — Bullish factors building in the bullion market are set to see prices take out the record set in 2011, according to Citigroup Inc.Prices are benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation, analysts including Ed Morse wrote in the bank’s third-quarter commodities outlook. Gold is expected climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000 an ounce in the next three-to-five months.“Nominal gold prices have already posted fresh records in every other G-10 and major emerging market currency this year,” …read more […]
Jul.20 — The global demand for electric cars, particularly those from Tesla, is boosting a South Korean battery maker that is now the world’s number 1. LG Chem has surged more than 60% this year to a valuation of about $30 billion and is now the sixth largest stock on the Kospi index. Bloomberg’s Heejin Kim reports on “Bloomberg Markets: Asia.” …read more […]
Jul.20 — Japan will start paying its companies to move factories out of China as the Abe government looks to secure supply chains and reduce dependence on manufacturing in the mainland. Bloomberg’s James Mayger reports on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — A relatively low-tech stock trade is making Tesla Inc.’s dizzying rally look like an under-performance.In Southeast Asia, makers of rubber gloves are attracting more investor fervor than even the electric cars and flame throwers of Elon Musk. Top Glove Corp. is up 389% this year in Kuala Lumpur, the most on the MSCI Asia Pacific Index, while Supermax Corp. has leaped more than 1,000%, compared with Tesla’s 259%. That’s due to the boom in glove demand thanks to the coronavirus pandemic, aided by a short-selling ban in Malaysia till year-end.The meteoric rise has been unprecedented by Malaysian standards, …read more […]
These tips will help you score a good deal on the most popular type of home loan. …read more […]
(Bloomberg) — Asian stocks have outperformed peers in the U.S. and Europe recently, bolstered by optimism toward China’s recovery and a sense that parts of the region have so far managed to keep a lid on the coronavirus pandemic.The MSCI Asia Pacific Index has climbed about 9% since the end of May through last week, compared with roughly 6% gains by both the S&P 500 Index and the Stoxx Europe 600. Tech stocks in Greater China have helped drive the advance in the Asian benchmark, with Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Taiwan Semiconductor Manufacturing Co. accounting for …read more […]
The former chief operating officer at disgraced payments firm Wirecard has reportedly transferred “significant sums” of bitcoin following his escape from Germany, according to reporting by a leading German business newspaper Handelsblatt. Jan Marsalek was a key figure behind the breakdown of Germany-based Wirecard, which has made headlines for filing for insolvency and allegations of […]The post Most-wanted Wirecard executive reportedly owns ‘significant sums’ of Bitcoin – Report appeared first on The Block. …read more […]
About half of millennial and Gen X mortgage borrowers say someone in their household is on unemployment. Many worry about paying their mortgage when extra benefits end. …read more […]
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