Wednesday, 12 August 2020

Deutsche Boerse expels Wirecard from Germany's blue-chip index DAX

Deutsche Boerse expels Wirecard from Germany's blue-chip index DAX

Exchange operator Deutsche Boerse will remove Wirecard , the payments company that folded after an accounting scandal, from the DAX index of Germany's leading blue-chip stocks this month following an index rule change.

Airport contractors to be included in COVID-19 stimulus program audit -Treasury watchdog

The U.S. Department of the Treasury's internal watchdog said on Wednesday it is including a group of airport contractors in its audit of a coronavirus stimulus program aimed at aiding the aviation sector, after lawmakers pressed the agency to halt their funding.

Fed policymakers say economic growth will be muted until virus contained

The U.S. economic recovery will be gradual and slow until the coronavirus is under control, and Americans will have to learn to "live with" the virus for the next several months, three Federal Reserve policymakers said on Wednesday.

S&P 500 finishes within points of record high close

The S&P 500 jumped on Wednesday but finished just short of its February record closing high, in a broad rally led by tech-related stocks.

Cisco's first-quarter forecast disappoints, shares fall

Cisco Systems Inc on Wednesday forecast first-quarter revenue and profit below Wall Street estimates, as the top network equipment maker struggles with the coronavirus crisis disrupting its supply chains and also forcing clients to hold back spending.

United Airlines bets on Florida, adding dozens of flights a day starting November

United Airlines is adding up to 28 daily nonstop U.S. flights to Florida starting Nov. 6 as the Chicago-based airline bets on a rebound in leisure travelers heading to sunny skies.

German prosecutors appeal for public help in tracing Wirecard boss

German prosecutors appealed on television on Wednesday for help in tracking down Jan Marsalek, a former boss of collapsed payments company Wirecard, and issued a wanted notice for a manager they suspect of embezzling billions of euros.

Chevron's interest in giant gas field led to $5 billion bid for Noble Energy

(This August 11 story corrects paragraph 8 to say Chevron dropped a force-the-vote provision during negotiations instead of "Noble dropped")

Top Democrats say Mnuchin sought coronavirus meeting, showed no movement

The two top Democrats in the U.S. Congress said on Wednesday that the White House sought a new meeting on stalled coronavirus aid talks but showed no sign of moving away from the positions it held when negotiations broke down last week.

Crude rises 2% after draw in U.S. oil stocks spurs demand hope

Crude prices rose more than 2% on Wednesday after government data showed U.S. oil inventories fell across the board, bolstering hopes that fuel demand in the world's biggest economy will withstand the coronavirus pandemic.

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