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Qatar leads most Gulf bourses higher; Egypt plummets
On Sunday, almost all of the major Gulf indices shelved solid gains with Qatari bourse leading the tally of the gains
Sourav D
Reporter
Sourav has been a finance enthusiast since early-teens who later became a dedicated author, editor and publisher for several publications, magazines and newspapers working in the field more than a decade despite being a doctor.
He graduated in medicine and surgery in 2015 and has currently been pursuing his passions on finances & economics alongside engaged with organizations to generate solid hits through web based technologies apart from working as a physician. '
Boston utility giant General Electric, Vietnamese firm ink power plant MoU
Less than a month after Vietnamese Government had agreed to release an American national who had been sentenced to 12 years in prison, US utility conglomerate GE reached an MoU with a Vietnamese firm to invest as many as $1 billion in a natgas power plant
Ottawa, Downing Street agree to $27 billion post-Brexit rollover trade deal
On Saturday, British PM Boris Johnson and his Canadian counterpart Justine Trudeau had reached an informal accord over a $27 billion post-Brexit rollover trade deal
Cupertino’s Apple, Verizon team up to swap out corporate-owned phones with 5G iPhones
Later this week, Apple and Verizon said in a joint statement that the companies had teamed up to swap out the entire fleet of corporate-owned phones with Apple Inc.'s iPhone 12
Denver’s Western Union buys 15% stake in Saudi Telecom’s STC Pay unit
On Saturday, Saudi's STC Group said in a statement that the American money transfer mogul Western Union had purchased a 15 per cent stake in its digital payment unit STC Pay
Oil climbs 1%, clocks third straight week of gains on vaccine hope
Both US and Brent crude rose over 1 per cent on Friday, securing a third straight week of percentage gain over pandemic vaccine hopes
Wall St. plunged as pandemic resurgence offset vaccine hopes
Despite renewed vaccine hopes ahead of Pfizer Inc.'s filing for an emergency use of its pandemic vaccine, all three key indices of Wall St. fell sharply on Friday, mostly due to an overwhelming rise in pandemic cases
San Diego's Pfizer supplier Maravai LifeSciences jump 18 per cent in US debut
On Friday, pandemic vaccine deloper Pfizer Maravai LifeSciences Holdings Inc. had reported an 18 per cent spike in US public market debut
Chicago Soybean futures hit 4-year peak on supply worries, dryness in S. America
On Friday, US soybean futures' prices jumped to a four-year peak over concerns of a rapidly declining US stockpile amid droughts in S. America, compounding the narratives further
New York pharmaceutical giant Pfizer files pandemic vaccine application to US FDA
Late on Friday, American multinational pharmaceutical giant Pfizer Inc. had filed an application for an emergency use of its pandemic vaccine that had reported a 95 per cent efficacy to block out the pandemic pathogen a couple day earlier
Bitcoin boasts three-year peak, all-time high in focus
On Friday, Bitcoin, the original crypto hit its highest level since December 2018, while other crypto assets had followed by footprints of Bitcoin with Ethereum rising as much as 7.2 per cent
European bourses log third straight week of gain on commodity rally, vaccine hope
On Friday, European bourses had rounded off the session broadly higher with Italy's FTSE MIB leading the region
Ohio’s Medical sterilization firm Sotera Health shares climb 17% in NYSE debut
On Friday, private equity fund GCTR-backed medical sterilization firm Soleta Health soared as much as 17 per cent in Nasdaq debut
US existing home sales surge 4.3% in October amid multi-year low mortgage rates
On Thursday, National Association of Realtors data had unveiled that the US homes sales surged by 4.3 per cent last month, largely catalyzed by a multi-year low mortgage rate
Ohio’ Macy’s Inc. reports lower-than-expected Q3 loss, but sales slumped 20%
American Departmental store chain Macy's Inc. had reported a 20 per cent plunge in sales over its fiscal third quarter that ended on October 31, however, had posted a much-lower than anticipated loss
Nasdaq Inc. to purchase Canadian fraud detection firm Verafin for $2.75 billion
Nasdaq Inc. had issued a statement on Thursday saying that it had agreed to purchase a Canadian financial fraud detection firm Verafin
Wall St. ends higher as new stimulus talks offset shutdown fears
On Thursday, despite a rapidly surging pandemic cases across the United States, Wall St. had managed to round off the session in an affirmative territory with Nasdaq leading the tally of gains
American Dollar dips for sixth straight session on report US stimulus talks to resume
On Thursday, following media headlines that the US Senate had agreed to resume talks on a pandemic stimulus package, the American Dollar Index (DXY) slid further to 92.29 against a basket of six major currencies on an average
Vancouver’s West Fraser Timber to purchase rival Norbord in $3bn buyout deal
On Thursday, Canadian forestry industry behemoth West Fraser Timber Ltd. said in a statement that it was going to purchase smaller rival Norford Inc. at a C$4 billion all-stock takeover deal
US weekly jobless claims rise; slowdown in labour market recovery lingers
On Thursday, US Labour Department said in a statement earlier in the day that the US weekly initial jobless claims for state unemployment benefits rose last week
Russian online retailer Ozon seeks to raise up to $825 million in US IPO
On Tuesday, in a regulatory filing with US SEC (Securities and Exchange Commission), Ozon Holdings, widely known as the Amazon of Russia, said that the Russ retailer was seeking to raise up to $825 million at its US IPO
US retail sales lose steam as lack of fiscal stimulus weigh;factory activity steps up
On Tuesday, US Commerce Department said in a statement that the US manufacturing activity stepped up last month, though retail sales increased less-than-anticipated amid a lack in much-required Govt. stimulus
Seattle's Amazon opens online pharmacy in challenge to traditional retailers
On Tuesday, Amazon.com Inc., the world's No. 1 online retailer, had rolled out online pharmacies in latest bid to rattle the online drug delivery networks
Bitcoin hits three-year peak as demands soar on expectation of mainstream acceptance
On Tuesday, Bitcoin, the largest cryptocurrency by market cap, had soared to its highest level since December 2017 when it had reached its all-time high of roughly $20,000
BBVA & Sabadell in talks to create Spain’s second-largest domestic lender
In latest sign of consolidation of a scuffling banking sector in Spain, BBVA & Sabadell said in a joint statement on Monday that they had been engaged in an advanced-staged merger talk which in effect would create a €800 billion entity
San Francisco’s Twitter names famed hacker ‘Mudge’ as head of security
On Monday, California-based micro-blogging and social networking service provider Twitter Inc. had named a famed hacker Peiter Zatko as the company's head of security
Cambridge’s Moderna vaccine 94% effective, easier to distribute as Pfizer stocks sour
On Monday, shares' prices of Pfizer fell as much as 3.5 per cent after Moderna's pandemic vaccine had shown a 94.5 per cent efficacy to prevent pandemic cases in a late-stage human trial
Palo Alto EV trailblazer Tesla Inc. to join S&P 500 in December 21 as shares soar 14%
Late on Monday, S&P Dow Jones Indices said in a statement that the electric vehicle pioneer Tesla Inc. stocks would be included into S&P 500 prior to December 21 trading session
Crude oil gains 3 per cent after Moderna vaccine progress
On Monday, both US and UK crude oil futures' prices rallied over advancement on a potential pandemic vaccine
California’s DoorDash shows surge in revenue growth, profitable growth in IPO filing
On Friday, California-based on-demand food delivery start-up DoorDash had reported a quarterly profit for the first time at its IPO filing with US SEC