Wednesday 25 November 2020

Canada police supervisor denies requesting Huawei CFO's phone passcodes

Canada police supervisor denies requesting Huawei CFO's phone passcodes

Canadian border agents who interrogated Huawei Chief Financial Officer Meng Wanzhou before her arrest collected the passcodes for her electronic devices even though that had not been requested by police, an RCMP supervisor testified on Wednesday.

Stocks dip on U.S. jobs data; dollar down, oil up

Stocks ended near the previous session record high on Wednesday as Wall Street bumped up against disappointing job market data, while oil continued to rise and the dollar weakened further.

U.S. grants ByteDance new seven-day extension of TikTok sale order: filing

The Trump administration on Wednesday granted ByteDance a new seven-day extension of an order directing the Chinese company to sell its TikTok short video-sharing app, according to a court filing. The administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Donald Trump on Aug. 14 had directed ByteDance to divest the app within 90 days. The new deadline is Dec. 4, TikTok said in th

S&P 500, Dow pull back from all-time closing highs after grim jobless data

The S&P 500 index closed lower on Wednesday as mounting U.S. layoffs in the wake of new mandated lockdowns to contain surging COVID-19 infections dampened investor risk appetite.

Stock trades by Senator Perdue said to have prompted DoJ Inquiry - NYT

Republican Senator David Perdue's stock trades in financial firm Cardlytics Inc earlier in 2020 prompted a Justice Department inquiry that has since been shut without charges, the New York Times reported https://www.nytimes.com/2020/11/25/us/politics/david-perdue-cardlytics.html on Wednesday.

Wall Street banks slam lending proposal as 'unworkable' and 'political'

Major U.S. banks on Wednesday pushed back on a proposal to bar them from snubbing controversial business sectors, such as oil and gas giants, in an unlikely turn of events that has pitched Wall Street against one of the Trump administration's industry-friendly regulators.

U.S. rejects permit for Alaska mine, company vows appeal

The U.S. Army Corps of Engineers on Wednesday issued its final decision to deny a key water permit for the contentious Pebble Mine in Alaska, putting the project's future in doubt even as the company behind it plans to appeal the decision.

Rising U.S. weekly jobless claims, COVID-19 cases point to slowing economic recovery

The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.

Brazil aviation regulator sees end to Boeing 737 MAX ban

Brazilian aviation regulator ANAC on Wednesday lifted the grounding of the Boeing 737 MAX, following U.S. clearance of the plane for flight, after a redesign prompted by two fatal crashes that killed 346 people.

Oil rallies past 8-month high on U.S. crude inventory draw, vaccine hopes

Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.

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