News & Events

RSS Fortune
  • Stocks, Futures Rise on Stimulus Hope; Bonds Fall: Markets Wrap October 19, 2020
    (Bloomberg) -- Stocks in Europe advanced with U.S. futures amid fresh optimism about progress on stimulus talks in Washington. Treasuries dipped.In Europe, banks and insurers led gains while health care and energy firms lagged. Julius Baer posted one of the biggest jumps after third-quarter inflows accelerated at the Swiss wealth manager.S&P 500 Index futures climbed […]
  • Danone Plans Biggest Shakeup in Years With Portfolio Review October 19, 2020
    (Bloomberg) -- Danone Chief Executive Officer Emmanuel Faber is reviewing the French yogurt maker’s entire portfolio for underperforming assets as the shares languish near a six-year low.The company is studying a sale of the Vega protein powder brand as well as a unit in Argentina, potentially getting rid of businesses that contribute 500 million euros […]
  • Election Update: Early Voting, Polls, Senate Clues October 19, 2020
    Oct.19 -- With the presidential election little more than two weeks away, Bloomberg's Derek Wallbank considers the importance of early voting, the latest polls, and a subtle shift in the rhetoric of Republican senators which could indicate which whether Donald Trump or Democrat Joe Biden are heading for victory. Wallbank reports on "Bloomberg Markets: European […]
  • Unique market position of ‘Made in Hong Kong’ companies vanishes under US relabelling order October 19, 2020
    US president Donald Trump announced on August 11, 2020, that the “Made in Hong Kong” label could no longer be used on US-bound exports from the city. The order, which requires Hong Kong exports to be labelled as “Made in China”, came as Washington imposed sanctions against Hong Kong over a national security law imposed […]
  • Almost 60% of Mutual Fund Assets Will Be ESG by 2025, PwC Says October 19, 2020
    (Bloomberg) -- ESG investing is the most significant development in money management since the creation of the exchange-traded fund two decades ago and it will reshape finance just as passive funds have.That’s the finding of a new report from PwC that forecasts as much as 57% of mutual fund assets in Europe will be held […]
  • Tech Still Offers Value, `Vaccine or No Vaccine': Barings October 19, 2020
    Oct.19 -- Tech is "having the time of its life and is not going anywhere, vaccine or no vaccine," says Baring Investment Services Chief European Strategist Agnes Belaisch. She speaks on "Bloomberg Markets: European Open."
  • Oil Steady Near $41 Before OPEC+ Meets to Assess State of Market October 19, 2020
    (Bloomberg) -- Oil was steady near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.The Joint Ministerial Monitoring Committee, which typically reviews compliance to the group’s pledged output cuts, will meet online Monday. While no supply […]
  • GLOBAL MARKETS-Asian markets jump on vaccine, U.S. aid hopes; China data caps gains October 19, 2020
  • Founders Love Listing in Amsterdam. Maybe a Little Too Much. October 19, 2020
    (Bloomberg Opinion) -- Founders who want to list their company in Europe while retaining control usually have a shortlist of one bourse: Amsterdam.The Dutch capital’s stock exchange promises the flexibility of London with an added perk: It allows dual classes of stock in its benchmark indexes, meaning the biggest shareholders can keep control of the voting […]
  • Alibaba Takes Over China’s Top Hypermart Chain for $3.6 Billion October 19, 2020
    (Bloomberg) -- Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of China’s largest chain of hypermarts to try and fend off rivals like Inc. in e-commerce’s hottest growth arena.Alibaba will raise its direct and indirect stake in the grocery chain to […]
  • China's Key Policy Rate to Remain Unchanged This Year: BofA October 19, 2020
    Oct.19 -- Helen Qiao, chief Greater China economist at BofA Securities, discusses the health of the world's second-largest economy and its policies. Gross domestic product climbed 4.9% in the third quarter from a year ago. That’s lower than economists forecast. Retail sales expanded 3.3% in September, industrial production grew 6.9% in the month and investment growth […]
  • Oil prices decline after China economic data disappoints October 19, 2020
    Oil prices fell on Monday after reports that China's third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world's largest oil importer. Refiners in China, the world's second-largest oil user, slowed their processing rates in September and industrial metal imports, underpinned by […]
  • American Airlines Seeks To Relaunch Boeing 737 Max Flights In December October 19, 2020
    American Airlines Group Inc (NASDAQ: AAL) is reportedly planning to return Boeing Co's (NYSE: BA) 737 MAX passenger jets back to service at the end of the year.What Happened: American Airlines will fly the planes provided they are certified by the U.S. Federal Aviation Administration, the company said in a statement to Reuters.The airline intends […]
  • GLOBAL MARKETS-Asian markets jump on vaccine, U.S. aid hopes; gains capped by China data October 19, 2020
  • Tesla Accounts For Majority Of EV Sales In South Korea This Year: Report October 19, 2020
    Tesla Inc (NASDAQ: TSLA) has registered substantial growth in South Korea this year due to increasing demand for electric vehicles in the country, Yonhap News Agency reported Monday (Seoul time).What Happened: The Elon Musk-led automaker sold 10,518 vehicles in the country between January and September -- making up for 79.6% of electric vehicle sales in […]
  • Speculators Reverse Big Nasdaq Short October 19, 2020
    (Bloomberg) -- Hedge funds have pulled back from one of the biggest short positions in U.S. tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.Net speculative positions in Nasdaq 100 mini contracts surged by the most in more than 13 years in the week through Oct. 13, according […]
  • Vaccine hopes drive stocks higher on 'Black Monday' anniversary October 19, 2020
    European stocks rallied on Monday as rising hopes of a coronavirus vaccine by the end of the year and a U.S. fiscal package before elections offset concern over record daily infections in the region. Parts of the UK were put into lockdown and France imposed curfews. Boosting overall sentiment, drugmaker Pfizer Inc said on Friday […]
  • Oil Majors Stuck Between A Rock And A Hard Place October 18, 2020
  • Fed, Central Banks Will Find Exit From Massive Stimulus Impeded October 18, 2020
    (Bloomberg) -- The Federal Reserve and other central banks will eventually discover that breaking up isn’t easy after partnering with their governments and the financial markets to avert a pandemic-driven depression.Investors and lawmakers enamored with cheap money may well balk when monetary authorities try to throttle back their quantitative easing and other stimulus measures.“They are […]
  • WSJ Opinion: Hits and Misses of the Week October 18, 2020
    Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Getty Images Composite: Mark Kelly