November, 2020

• 11 November

  EU tariffs on US-made jets may affect Ryanair’s Max order

  

  Bloomberg Ryanair Holdings Plc’s long-delayed Boeing Co 737 Max deliveries face a new hurdle after the European Union opted to apply tariffs to US-made aircraft. The European bloc said it would levy 15% tariffs on US jets, alongside other goods including wheat, cheese, etc. Dublin-based Ryanair, the continent’s biggest discount carrier, has more than 135 Max 200 jets on order, …

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• 11 November

  American to revive flying long haul

  Bloomberg American Airlines is resuming much of its short-distance service to Latin America and starting to bring back longer flights over the next few weeks, building off of its dominance in the region among US rivals. South America is the strongest part of American’s long-haul system amid the coronavirus pandemic “when, admittedly, all of it is relatively weak,” Chief Revenue …

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• 11 November

  China tech selloff swells to $200bn on antitrust rules

  

  Bloomberg Chinese technology giants from Alibaba Group Holding to Tencent Holdings shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms. Technology shares tumbled for a second day after Beijing issued regulations designed to curb the growing influence …

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• 11 November

  Stocks in Europe, Asia advance on cyclicals

  

  Bloomberg Stocks rise in Europe and Asia on Wednesday as investors continued a rotation into cyclical industries at the expense of technology shares. Crude oil rises. Gains in travel, energy and consumer stocks pulled the Stoxx Europe 600 Index higher at the open. Tech shares underperformed, including Dutch Internet provider Prosus NV and equities in Japan, Korea and Australia climbed …

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• 10 November

  Oil nears $41 as vaccine buoying demand hope

  

  Bloomberg Oil extended gains, following Monday’s rally on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand. Crude futures in New York approached $41 a barrel, after advancing more than 10% at one point. It comes after early findings showed that a vaccine developed by Pfizer Inc. and BioNTech SE protects most people from the virus. …

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• 10 November

  Global stock rally tempers after virus vaccine euphoria

  

  Bloomberg The global rally in stocks paused on Tuesday while haven assets found support amid concern that a promising coronavirus vaccine study still has hurdles to clear. The Stoxx Europe 600 Index fluctuated, with banks leading gains and tech stocks the biggest decliners, the day after news from Pfizer Inc and BioNTech SE about their anti-viral treatment sent global stock …

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• 10 November

  India stocks extend record rally as vaccine results fan optimism

  

  Bloomberg Stocks in India’s $2.2 trillion market joined a global rally as vaccine results fuelled optimism of an exit from the pandemic after local benchmarks closed at record highs. The S&P BSE Sensex climbed 1.1% to 43,067.84 in Mumbai, while the Nifty 50 rises by 1%. Both gauges closed at fresh peaks Monday and have gained about 8% so far …

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• 9 November

  First passengers travel safely on Hyperloop in historic test ride

  DUBAI / WAM Virgin Hyperloop made history on Monday as the first passengers successfully traveled in a Hyperloop pod. The significant investment made by Dubai-based DP World, the leading global provider of smart logistics solutions, in the research and development of hyperloop technology, has played an instrumental role in today’s milestone. Sultan Ahmed bin Sulayem, Chairman of Virgin Hyperloop and …

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• 9 November

  Oil climbs near $38 after Biden victory

  

  Bloomberg Oil advanced near $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into White House even as Donald Trump rejected the outcome of US election. Crude futures in New York rise 2.3% and spot gold added 0.2% amid a broader rally in global stocks. The dollar extended declines. While Biden declared …

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• 9 November

  Canada’s Enbridge joins Shell, BP with 2050 emissions goal

  

  Bloomberg Enbridge Inc became the largest company in the North American oil industry to set a goal of eliminating all net emissions from its operations by 2050, joining major European producers in providing climate-conscious investors with a plan to tackle global warming. The pipeline giant also established an interim target of reducing the intensity of greenhouse-gas emissions from its operations …

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