Monday 22 August 2022

Futures drop as rate hike worries persist

Futures drop as rate hike worries persist

Wall Street futures fell on Monday, setting all three major U.S. stock indexes for a dour start to the week, as investors worried about hawkish signals from Federal Reserve policymakers in the face of slowing economic growth.

Germany's football body to hire Deutsche Bank for media rights sale - Bloomberg News

Germany's football body has appointed Deutsche Bank AG to lead the possible sale of a package of media rights, Bloomberg News reported on Monday, citing people familiar with the matter.

As drought risks rise, investors eye thirsty companies, solutions

As droughts worsen across the world, investors are turning up the heat on companies wasting water and trying to pick winners from a sparse crowd of specialist listed companies looking to address the problem.

Ukraine agricultural exports could rise to 4 mln T in August

Ukraine's agricultural exports are likely to rise to about 4 million tonnes in August, from 3 million tonnes in July, thanks to the U.N.-brokered deal that unblocked Ukrainian sea ports, a deputy chair of the Ukrainian Agrarian Council said on Monday.

Amazon, UnitedHealth among bidders for Signify Health, Bloomberg reports

Amazon.com Inc , UnitedHealth Group Inc and CVS Health Corp are bidding separately for home health services provider Signify Health Inc , Bloomberg News reported on Sunday, citing people with knowledge of the matter.

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Big banks expected to rack up more than $1 billion in fines for WhatsApp use

Banking giants such as JPMorgan Chase & Co and Bank of America collectively face more than $1 billion in regulatory fines for employees' use of unapproved messaging tools, including email and apps like WhatsApp.

Neo agrees to buy Greenland rare earth project from Hudson Resources

Neo Performance Materials has agreed to buy a rare earth mining project in Greenland owned by Hudson Resources to supply its growing needs for the minerals to produce permanent magnets, the two Canadian-listed firms said on Monday.

UK economy shrank record 11% in 2020, worst since 1709

Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday.

As Japanese manufacturing fades, a factory town fights to stay alive

The small factories in the western Japanese city of Higashiosaka for decades fuelled the thundering rise of the country's biggest brands - but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland.

Hyundai Motor may speed up construction of U.S. EV plant, Yonhap reports

A new U.S. law excluding electric vehicles assembled outside North America from tax credits could persuade South Korea's Hyundai Motor Co to bring forward the start-date for construction of an EV and battery plant in the United States to as early as this year, Yonhap news agency reported on Monday.

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