Oil jumps 3% on weaker dollar after seven days of losses
Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.
Australian trading system upgrade was not ready, report into outage finds
An independent review of the Australian stock exchange outage last November found that the bourse operator’s new trading system was not ready to go live, the country’s corporate regulator said on Monday.
Court rules California gig worker initiative is unconstitutional
A 2020 ballot measure that exempted ride-share and food delivery drivers from a state labor law is unconstitutional, a California judge ruled on Friday, as it infringes on the legislature’s power to set workplace standards.
Massmart holdings limited, S.Africa, Announces a lower H1 headline loss!
Massmart Holdings Limited (MSMJ.J) of South Africa said on Friday that its half-year headline loss had fallen by 40.8 %, thanks to rising sales despite new COVID-19 limits and effective expense control. In the 26 weeks to June, the Walmart majority-owned retailer said its headline loss from total operations fell to 645.4 million rand, down […]
Germany is considering selling up to a quarter of its Lufthansa stock
The German finance ministry said on Monday that it expects to sell up to a quarter of its 20% interest in Lufthansa (LHAG.DE) in the next weeks, noting favorable progress at the bailed-out airline. Following the announcement, Lufthansa shares fell as much as 4.9 % to 8.81 euros in early trading. The state bought a […]
PayPal will no longer charge late fees for Buy-Now
PayPal Holdings, Inc. (NASDAQ: PYPL) recently announced that it will no longer charge late fees on buy now, pay later purchases anywhere in the globe. Beginning October 1, new client purchases made with Pay in 4 in the United States, Pay in 3 in the United Kingdom, and Pay in 4X in France will be […]
Most flares from Texas Permian oil drilling lack permits -study
Oil producers such as Exxon Mobil (XOM.N) and Royal Dutch Shell (RDSa.L) are burning off gas in the largest oil field in the United States without required Texas state permits, the environmental group Earthworks said in a report on Thursday.
Cisco’s profit forecast disappoints on supply chain overhang
Cisco Systems Inc’s (CSCO.O) first-quarter profit forecast fell short of estimates on Wednesday, with the network gear maker warning that supply chain issues would continue to drive up component costs and delivery backlogs.
Marketmind: A delta-driven drop
After an August in which stock markets have repeatedly hit record highs, the mood music turned decisively more sombre on Thursday, led by a late slump in U.S. stocks which cascaded into already jittery Asian markets.
CME denies media report of $16 bln takeover bid for rival Cboe
CME Group Inc (CME.O), the world’s biggest futures exchange operator, on Wednesday denied a media report that it approached rival Cboe Global Markets Inc (CBOE.Z), home to the VIX volatility index, with a $16 billion all-share takeover offer.
