Month: August 2020

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Indian Stocks Slide Most Since May After Troops Clash With China

August 31, 2020 admin Comments Off on Indian Stocks Slide Most Since May After Troops Clash With China

(Bloomberg) — Indian stocks slipped, halting a six-day rally, after the government said troops clashed with Chinese soldiers along the disputed Himalayan border. Still, the main equity gauge capped a third straight monthly gain.Volatility surged as the S&P BSE Sensex slid 2.1%, the most since May 18, to close at 38,628.29 after having advanced 1.4% earlier in the day. The NSE Nifty 50 Index ended 2.2% lower. Sentiment was also impacted due to a decision by India’s market regulator to not extend the Sept. 1 deadline for implementing new rules on margin pledge. Brokers who don’t comply with them from …read more […]

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Rural Families Struggle With Work and School With No Home Internet

August 31, 2020 admin Comments Off on Rural Families Struggle With Work and School With No Home Internet

As many schools around the country start the year virtually, residents in rural communities like those in West Virginia are asking why they don’t have reliable Internet service. The recent bankruptcy of Frontier Communications provides insight into how U.S. broadband policies have fallen short for many Americans. Photo Illustration: Carlos Waters/ Video: Jake Nicol/​WSJ …read more […]

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Oil Climbs Above $43 in New York as Goldman Strikes Bullish Tone

August 31, 2020 admin Comments Off on Oil Climbs Above $43 in New York as Goldman Strikes Bullish Tone

(Bloomberg) — Oil rose above $43 a barrel in New York to its highest closing level since early March amid a broader rally in equities and as China’s economic recovery continued.West Texas Intermediate futures snapped a two-day drop, rising 1.4% as of 2:34 p.m. in Dubai, while Brent crude for November settlement climbed around the same amount to $46.47.Data showed that China rebounded further in August as the world’s second-largest economy emerges from its coronavirus-induced slump. That helped push up global stocks for a second day, while U.S. Treasuries fell as investors moved out of havens.Goldman Sachs Group Inc. in …read more […]

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What’s Next for Wirecard?

August 31, 2020 admin Comments Off on What’s Next for Wirecard?

Aug.31 — Nigel Verdon, chief executive officer at Railsbank Technology, discusses the assets the company is purchasing from Wirecard U.K. and the advantage of the technology they’ve acquired. He speaks on “Bloomberg Markets: European Open.” …read more […]

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Hybrid, Electric Car Sales Soar in Europe

August 31, 2020 admin Comments Off on Hybrid, Electric Car Sales Soar in Europe

Aug.31 — Hybrid and electric car registrations soared in Europe last month. They grabbed a record share of the autos market overall and have lifted sales to the highest in 10 months. Plug-in hybrid sales have more than quadrupled while battery electric vehicles more than doubled according to auto market researcher Jato Dynamics. Bloomberg’s Tara Patel reports on “Bloomberg Markets: European Open.” …read more […]

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Wirecard Inquiry Probes Why Germany Missed Fraud of Century

August 31, 2020 admin Comments Off on Wirecard Inquiry Probes Why Germany Missed Fraud of Century

(Bloomberg) — Germany’s blame game over Wirecard AG’s collapse is focusing in on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.Lawmakers will question a top adviser to Chancellor Angela Merkel on Monday in Berlin before grilling financial industry watchdogs the following day as the fraud that burned investors engulfs the country’s political establishment. If the hearings go badly, parliament may start a deeper investigation as the country prepares for the post-Merkel era in an election next year.Wirecard’s crash from rising star to …read more […]