Posted at 16:51h
in
News
by KMFSLLP
Several banks in Sudan are
introducing Visa payment systems as the country seeks to
develop its financial sector following decades of isolation, a
central bank official and the U.S. financial services company
said.
...
Posted at 16:33h
in
News
by KMFSLLP
States with high tax rates
like New York and California should consider lowering their
taxes, U.S. Treasury Secretary Steven Mnuchin told lawmakers on
Tuesday, when challenged about the negative impact of a U.S.
government cap on a popular tax break on those states.
Posted at 16:29h
in
News
by KMFSLLP
Fidelity Investments said on
Tuesday operating profit in 2019 climbed 10% to $6.9 billion as
investors pushed their cash into money-market and passively
managed products while pulling billions of dollars from actively
managed stock funds.
Posted at 16:27h
in
News
by KMFSLLP
* LME Copper Stocks Arrival Events: https://tmsnrt.rs/2TByj2b
...
Posted at 16:12h
in
News
by KMFSLLP
Chilean miner SQM,
the world's No. 2 lithium producer, saw profits tumble in the
last quarter of 2019 and warned that early 2020 sales in China,
a key market for the battery metals used in electric vehicles,
could be hit by the impact of the coronavirus.
Posted at 16:01h
in
News
by KMFSLLP
U.S. Treasury Secretary
Steven Mnuchin on Tuesday said he supports the Federal Reserve's
decision to cut interest rates in response to the fast-spreading
coronavirus, its first emergency rate cut since 2008 at the
height of the financial crisis.
Posted at 16:00h
in
News
by KMFSLLP
Electric vehicle maker Nikola Corp said
on Tuesday it plans to list on the Nasdaq by merging with a
publicly traded special purpose acquisition company (SPAC),
backed by investors including Fidelity and ValueAct.
Posted at 15:53h
in
News
by KMFSLLP
European stocks and bonds
steadied after a brief spike in reaction to the U.S. Federal
Reserve's emergency 50 basis point rate cut on Tuesday, which
was aimed at countering the economic fallout from the
fast-spreading coronavirus.
Posted at 15:53h
in
News
by KMFSLLP
The World Bank said it would
announce a package of financial and technical support later on
Tuesday to assist with the health and economic impacts of the
global coronavirus outbreak.
...
Posted at 15:38h
in
News
by KMFSLLP
Chilean miner SQM said it
plans to produce as much as 70,000 tonnes of battery metal
lithium in 2020 amid a drive to boost the volume it sells to
China to 40% of its total sales, the company's chief executive
said on Tuesday.
(Reporting by Dave Sherwood)
