Tuesday 29 September 2020

Huawei lawyers wrap up arguments in Canadian court, saying U.S. extradition case is 'ineffective'

Huawei lawyers wrap up arguments in Canadian court, saying U.S. extradition case is 'ineffective'

Lawyers for Huawei Technologies Chief Financial Officer Meng Wanzhou wrapped up their arguments in a Canada courtroom on Tuesday, calling the United States extradition request "ineffective," and sought to add a new charge in their effort to stay the case.

Facebook names Alex Schultz as marketing head

Facebook Inc is tapping Alex Schultz, a company veteran who runs product growth, analytics and internationalization at the social media giant, as its new chief marketing officer.

Exclusive: World Bank seeks board approval for $12 billion coronavirus vaccine financing plan

World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.

Equities slip, bonds rise ahead of U.S. presidential debate

Global equity benchmarks slid and government bonds inched higher Tuesday as investors remained hesitant ahead of the first U.S. presidential debate and watched for progress in talks for further fiscal stimulus in Washington.

Wall Street closes lower, ending three-day rally ahead of U.S. presidential debate

Wall Street closed lower on Tuesday, snapping a three-day winning streak as investors took money off the table hours before the first U.S. presidential debate.

NY Fed's Williams sees about three years for full U.S. recovery

The U.S. recovery from the coronavirus-linked recession has been more robust than expected, a top Federal Reserve policymaker said on Tuesday, though he added it could be about three years before the economy regains its full strength.

Dollar skids as investors await 1st U.S. presidential debate

The dollar on Tuesday dropped from last week's two-month highs, as investors capitalized on recent gains in the greenback and cautiously looked ahead to the first debate between U.S. President Donald Trump and Democratic challenger Joe Biden.

Wall Street's IPO enemies ready one-two punch

There have only been two direct listings on the New York Stock Exchange in the last two years. There are about to be two more in a single day.

Meatpackers deny workers benefits for COVID-19 deaths, illnesses

Saul Sanchez died in April, one of six workers with fatal COVID-19 infections at meatpacker JBS USA's slaughterhouse in Greeley, Colorado, the site of one of the earliest and deadliest coronavirus outbreaks at a U.S. meatpacking plant.

Oil falls over 3% as virus cases mount and U.S. debate looms

Oil prices fell over 3% on Tuesday to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the United States grappled with a surge in new coronavirus infections.

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