Tuesday, 3 November 2020

Exclusive: Trump administration shelves bid to blacklist China's Ant Group - sources

Exclusive: Trump administration shelves bid to blacklist China's Ant Group - sources

The Trump administration has put on hold an effort to blacklist Ant Group Co Ltd , the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a phone call between a company executive and a top U.S. government official, four people familiar with the matter said.

Dollar slides, stocks rise as markets lean toward Biden

The dollar slid and global equity markets rose Tuesday on bets of increased stimulus if Joe Biden wins the U.S. presidential election against President Donald Trump, but gold prices gained on the prospect of contested voting results.

Wall Street rallies with Election Day underway

U.S. stocks rallied on Tuesday as Americans voted in one of the country's most turbulent presidential elections and investors bet it would be decided without a drawn-out process, leading to a swift deal on more fiscal stimulus.

Western Union expects better 2021 after COVID-19 hit, says CFO

Western Union Co , the world's largest money transfer firm, expects an improved outlook for 2021 as people adjust to the novel coronavirus and on expectations for additional U.S. government stimulus to help the economy, its chief financial officer said on Tuesday.

China slams the brakes on Ant Group's $37 billion listing

China suspended Ant Group's $37 billion listing on Tuesday, thwarting the world's largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma.

Explainer: Ant juggernaut jackknifes on $37 billion road to market

With more than 730 million monthly users in China on its Alipay app and a growing role linking lenders and borrowers, Ant Group had appeared unstoppable as it marched towards the world's largest stock market debut this week.

Abrupt halt of Ant Group's mega-IPO leaves investors guessing

Investors were left reeling by the suspension of Ant Group's $37 billion stock market listing on Tuesday, with many having spent weeks studying the deal and lobbying bankers for shares in what was set to be the world's biggest initial public offering.

JPMorgan warns of potential fine over 'historical deficiencies' in internal controls

JPMorgan Chase & Co is facing a potential fine over "historical deficiencies" in internal controls in its role as an adviser to customers within its U.S. bank, it disclosed in a regulatory filing late on Monday.

Instant View: China halts Ant Group's mega IPO

China suspended Ant Group's $37 billion stock market listing on Tuesday, thwarting the world's largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers.

EU, UK so far fail to bridge gaps to secure trade deal

The European Union and Britain have so far failed to reach agreement on three most persistent sticking points in talks, both sides said on Tuesday, suggesting any breakthrough in securing a trade deal is still a way off.

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