01 December

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Powell & Mnuchin Show, Bitcoin ATH, Stocks at New Highs – What’s up in Markets

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By Geoffrey Smith Investing.com -- Congress hears testimony from Fed Chair Powell and Treasury chief Mnuchin for the first time since their spat over the Fed’s crisis lending facilities. Zoom fails to match sky-high expectations but stocks are set to open at new highs anyway. Bitcoin hits an all-time high as the dollar languishes and OPEC fails to agree on how much oil to...

01 December

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France to seek immediate EU riposte if U.S. punishes French digital tax

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PARIS (Reuters) - France will immediately seek EU retaliation if Washington goes ahead in January with planned trade sanctions over a French tax on digital services, French Finance Minister Bruno Le Maire said on Tuesday. The Trump administration announced additional duties of 25% on French cosmetics, handbags and other imports valued at $1.3 billion in response to France's digital services tax, but said...

01 December

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Debenhams to be liquidated in hammer blow for UK retail sector

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By James Davey LONDON (Reuters) - British department store group Debenhams is to be liquidated with the potential loss of 12,000 jobs, the country's second major corporate failure in as many days, as the COVID-19 pandemic pushes struggling retailers over the edge. The decision to wind down Debenhams, which traces its history back...

01 December

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Amazon says sellers racked up $4.8 billion in global sales over holiday weekend

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(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Tuesday independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from a year earlier. More than 71,000 small- and medium-sized businesses worldwide have surpassed $100,000 in sales this holiday season to date, Amazon said. (https:// ...

01 December

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Credit Suisse shifts senior EMEA dealmakers to new client advisory group – memo

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By Pamela Barbaglia LONDON (Reuters) - Credit Suisse (SIX:CSGN) is shifting three of its most senior dealmakers in EMEA to a new team focused purely on bringing in business as part of its efforts to increase M&A revenue and market share, according to a memo seen by Reuters. The bank has promoted two London-based bankers - Max Mesny and Chris...

01 December

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Euro zone may need more fiscal, monetary support because of second COVID wave – IMF

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By Jan Strupczewski BRUSSELS (Reuters) - Euro zone governments and the European Central Bank may need to provide more fiscal and monetary support than initially expected because of the effects of the second wave of the COVID-19 pandemic, the International Monetary Fund said on Monday. The overall value of fiscal and monetary support on offer, combined with access to trillions of euros of...

01 December

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Global Banks Reverse Back-to-Office Push in Hong Kong

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(Bloomberg) -- Global banks in Hong Kong, from Goldman Sachs Group Inc (NYSE:GS). to Standard Chartered (OTC:SCBFF) Plc, have reversed a back-to-office push as virus cases surge in the Asian finance hub. Goldman Sachs will go back to a full work-from-home approach in Hong Kong starting Wednesday except for staff...

01 December

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Asian shares extend gains on recovery hopes, following stellar November

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By Paulina Duran and Jessica DiNapoli SYDNEY/NEW YORK (Reuters) - Asian share markets began the new month with a bang on Tuesday, buoyed by the prospect of a COVID-19 vaccine fueling a global economic recovery, buoyant Chinese factory activity and expectations of continuing fiscal and monetary support. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.08% after closing the month 9% higher,...

01 December

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UK’s Topps Tiles posts loss, sees more pain on virus hit

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(Reuters) - British tile retailer Topps Tiles on Tuesday swung to an annual loss and predicted more pain ahead for its commercial business, as it struggles with coronavirus disruptions to the construction industry. "During the most intense period of the UK lockdown during the third quarter a number of our construction and refurbishment...

01 December

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Debenhams’ future in doubt as JD Sports ends takeover talks

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LONDON (Reuters) - The future of struggling British department store chain Debenhams is in doubt after JD Sports Fashion said on Tuesday it would not pursue a rescue takeover. "JD Sports Fashion...

Меню

Powell & Mnuchin Show, Bitcoin ATH, Stocks at New Highs – What’s up in Markets

France to seek immediate EU riposte if U.S. punishes French digital tax

Debenhams to be liquidated in hammer blow for UK retail sector

Amazon says sellers racked up $4.8 billion in global sales over holiday weekend

Credit Suisse shifts senior EMEA dealmakers to new client advisory group – memo

Euro zone may need more fiscal, monetary support because of second COVID wave – IMF

Global Banks Reverse Back-to-Office Push in Hong Kong

Asian shares extend gains on recovery hopes, following stellar November

UK’s Topps Tiles posts loss, sees more pain on virus hit

Debenhams’ future in doubt as JD Sports ends takeover talks

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