Bloomberg A program with Quest Diagnostics and the Mayo Clinic will “test virtually all employees in the next four weeks,†Delta said in a statement, outlining one of the more ambitious plans in corporate America. The carrier also told employees it would introduce at-home testing in the viral hot spots of Florida and Texas, as well as for workers based …
Read More »TSMC’s $35b rally puts Taiwan stock index above 1990 peak
Bloomberg Taiwan’s equity benchmark broke a record that stood for three decades, helped by the biggest surge in years for the economy’s biggest stock. The Taiex closed 2.3% higher Monday as Taiwan Semiconductor Manufacturing Co. soared the 10% daily limit. The $35 billion addition to its market capitalisation makes TSMC the 12th most valuable stock worldwide, ahead of US retail …
Read More »European stocks fall again on fears of 2nd wave of infections
Bloomberg European equities moderately extended last week’s drop, as new virus data suggested setbacks in global efforts to contain coronavirus pandemic, with airlines and other travel-exposed stocks leading declines. The Stoxx Europe 600 Index was down 0.4% as of 8:20 am in London, with most sectors in negative territory. German stocks rose 0.4%, while Spain’s IBEX was the worst-performing large-country …
Read More »South African stocks surge
Bloomberg South Africa’s main stock index gains 0.3% in Johannesburg, as a weaker dollar boosts prices of precious metals, with record bullion prices lifting gold producers to a fresh all time record, and higher platinum prices bolstering local producers. Risk sentiment has been strengthened by optimism over the upcoming US Federal Reserve meeting, which has drowned fears over simmering Sino-American …
Read More »Europe’s economy to outpace US in upending of past roles
Bloomberg The euro area economy is for once set for a sprightlier recovery from crisis than the US, thanks to starkly different responses to the coronavirus. America’s failure to get a grip on the pandemic is putting the brakes on its rebound compared with Europe, where many former virus hot spots managed to resume economic activity without causing a similar …
Read More »Sharjah Media City signs JV with Connected Circles
Sharjah / WAM Sharjah Media City (Shams) a world-class media hub for innovative facilities and services, joined forces with Connected Circles, an Amsterdam-based company which helps retain and attract talents, boost brands reach, and gain trust through transparency, consistency, and relevant content. The joint venture aims to bring knowledge, experience, and business processes from Amsterdam to the Middle East. The …
Read More »Ajman, Zambia discuss ways to boost trade
Ajman / WAM Representatives of the Ajman Chamber of Commerce and Industry and Consulate of Zambia discussed joint economic cooperation and various investment opportunities available to both sides, in a bid to increase the value of trade and promote partnerships between investors from Ajman and Zambia. The chamber was represented at the meeting by Salem Al Suwaidi, Director-General of the …
Read More »FirstEnergy works to distance itself from ex-unit amid probe
Bloomberg FirstEnergy Corp’s chief executive officer pushed to distance the company from its former unit that owns nuclear plants benefiting from an Ohio state law at the crux of an alleged racketeering and bribery conspiracy. CEO Charles Jones said the company hasn’t had control of decisions made by its former FirstEnergy Solutions unit, now Energy Harbor, since November 2016. And …
Read More »Cenovus Energy takes advantage of ‘credits’ to boost oil production
Bloomberg Cenovus Energy Inc is taking advantage of a plunge in the price for credits that allow the oil-sands company to produce more than output limits imposed by Alberta. For August, those credits are trading at about $1.25 a barrel, compared with $7 or more before the global pandemic, according to people familiar with the market who asked not to …
Read More »Oil sands’ return keeps Canadian pipelines empty
Bloomberg Canada’s oil-sands producers are taking their time at restoring production, leaving the country’s normally congested pipelines with room to spare. Enbridge Inc said that nominations to ship heavy oil on its Mainline, the country’s biggest oil-export network, exceeded capacity by 7% in August versus 3% in July. For the sixth straight month, no rationing was imposed for light oil …
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