Tuesday, 15 September 2020

Exclusive: Britain has moved to break fisheries deadlock in Brexit trade talks - EU sources

Exclusive: Britain has moved to break fisheries deadlock in Brexit trade talks - EU sources

Britain offered tentative concessions on fisheries in trade talks with the European Union last week, two diplomatic sources told Reuters, just as London was publicly threatening to breach the terms of its divorce deal with the bloc.

Global stocks gain on economic data, dollar steady as Fed meets

Global equities markets rallied on Tuesday, first on upbeat Chinese data and later on an increase in U.S. factory output, while the dollar see-sawed on uncertainty regarding the Federal Reserve's outlook on the economy when policymakers meet this week.

Kohl's cuts 15% of corporate workforce after pandemic hit

Kohl's Corp said on Tuesday it has cut about 15% of its corporate jobs as the department store operator looks to save cash at a time when the COVID-19 has hammered demand for its products.

S&P 500 ends higher on growing hopes Fed will stay accommodative

U.S. stocks rose on Tuesday as investors hoped the Federal Reserve would stick with its supportive policy stance as the central bank's two-day meeting got under way.

TikTok to become standalone U.S. company: FT

ByteDance will place short-video app TikTok's global business in a new US-headquartered company with Oracle Corp investing as a minority shareholder, the Financial times reported https://www.ft.com/content/58eb7c26-2154-477f-af19-19157ae29261 on Tuesday, citing people familiar with the matter.

FedEx profit, revenue beat as pandemic drives e-commerce bounce

U.S. package delivery company FedEx Corp beat Wall Street estimates for quarterly profit and revenue on Tuesday, boosted by an increase in shipment volumes during the COVID-19 pandemic, sending its shares up 6.4% after the bell.

Spotify criticizes new Apple services bundle on antitrust grounds

Streaming music firm Spotify Technology SA on Tuesday criticized rival Apple Inc , saying that a new subscription bundle offer from the iPhone maker abuses its dominant market position by favoring its own Apple Music service.

WTO finds Washington broke trade rules by imposing tariffs on China

The World Trade Organization found on Tuesday that the United States had breached global trading rules by imposing multi-billion dollar tariffs in President Donald Trump's trade war with China, a ruling that drew anger from Washington.

Trump says 'will have to do something' about WTO after China ruling

U.S. President Donald Trump said on Tuesday he was not aware of the World Trade Organization ruling on a trade dispute with China but said he would take a look at it.

JPMorgan sends some traders home after worker contracts COVID-19: Bloomberg News

JPMorgan Chase & Co sent some of its Manhattan workers home this week after an employee in equities trading tested positive for COVID-19, Bloomberg News reported on Tuesday, citing a person familiar with the matter.

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