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Ahmad Tariq

Business Published 24 Sep, 2020 02:27pm

Japan upgrades view on exports and output, but flags economic weakness

Japan upgrades view on exports and output, but flags economic weakness
TOKYO (Reuters) - Japan’s government upgraded its view on exports, factory output and the job situation in its September economic report but said the overall assessment was unchanged from last month with Japan still struggling with the coronavirus pandemic.
Business Published 22 Sep, 2020 04:03am

Wall Street ends lower on lockdown fears, likely delay of stimulus

Wall Street ends lower on lockdown fears, likely delay of stimulus
NEW YORK (Reuters) - Wall Street’s main indexes tumbled on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for.
Business Published 22 Sep, 2020 03:41am

Musk sees no immediate boost from 'Battery Day' tech unveil

Musk sees no immediate boost from 'Battery Day' tech unveil
(Reuters) - Tesla Inc TSLA.O Chief Executive Officer Elon Musk said on Monday improvements unveiled at the electric-car maker's "Battery Day" event would not reach serious high-volume production until 2022.
Business Updated 22 Sep, 2020 03:36am

Nikola share slump deepens as founder resigns

Nikola share slump deepens as founder resigns
(Reuters) - Shares of electric-truck maker Nikola Corp NKLA.O tumbled as much as 30% on Monday after founder Trevor Milton stepped down following claims of nepotism and fraud by a Wall Street short-seller that have drawn interest from U.S. regulators.
Business Published 21 Sep, 2020 03:48pm

ECB has major influence on euro, whether it likes it or not: Bundesbank

ECB has major influence on euro, whether it likes it or not: Bundesbank
FRANKFURT (Reuters) - The European Central Bank may protest that it does not intend to steer the euro’s exchange rate, but it has a large and growing influence on the single currency through its policy and communication, Bundesbank research suggested on Monday.
Business Published 21 Sep, 2020 03:13pm

HSBC, StanChart shares fall to 22-year lows on reports of illicit money flows

HSBC, StanChart shares fall to 22-year lows on reports of illicit money flows
HONG KONG/LONDON (Reuters) - HSBC’s shares in Hong Kong and Standard Chartered’s in London fell on Monday to their lowest since at least 1998 after media reports that they and other banks, including Barclays and Deutsche Bank, moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money.
Business Published 20 Sep, 2020 11:40pm

China's ByteDance gets Trump nod to avoid TikTok shutdown

China's ByteDance gets Trump nod to avoid TikTok shutdown
WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China’s ByteDance to divest the video app.
World Published 18 Sep, 2020 06:48pm

Fearing supply shortfall, EU wants to buy more COVID vaccines

Fearing supply shortfall, EU wants to buy more COVID vaccines
BRUSSELS (Reuters) - The European Union wants to raise more money to shore up its supplies of potential COVID-19 vaccines after estimating that the number of shots available next year around the world might fall short of demand, two EU sources said.