International News
Europe close: Stocks end mixed but off early lows
European stocks ended on a mixed note but off the lows seen at the start of trading after China's central bank boosted short-term liquidity and thanks to positive 'market chatter' regarding the phase one trade deal between the US and China.
BofA says investors giving Tesla a 'blank check', doubles target price
Analysts at Bank of America upgraded their recommendation for shares of electric vehicle manufacturer Tesla to 'neutral' in recognition that investors were in effect writing the firm a blank check to build out its manufacturing capabilities via a higher stock price.
NY Fed factory index slips in August
The Federal Reserve Bank of New York's regional manufacturing sector index slipped in August.
SpaceX increases new funding round to $2bn
Elon Musk’s SpaceX company has increased the size of its latest funding round to $2bn due to strong demand.
Tata Motors denies plans to sell stake in Jaguar Land Rover
Tata Motors on Monday denied reports it planned to sell its stake in Jaguar Land Rover after the collapse of talks with the UK government on a rescue package.
CureVac shares surge following IPO
Shares in German pharmaceutical group CureVac surged ahead of the bell on Monday after having raised $213. 0m in a US stock market listing on Friday.
US pre-open: Futures point to early gains despite stimulus stalemate, trade tensions
Wall Street futures had stocks opening higher ahead of the bell on Monday despite a continued stalemate between lawmakers in regards to further stimulus payments and heightened tensions between Washington and Beijing.
Huawei CFO calls for release of classified document in Canada trial
Huawei Technologies Chief Financial Officer Meng Wanzhou and her lawyers are calling for the release of confidential documents ahead of her trial in Canada.
Goldman hikes target for S&P 500 on vaccine optimism
Equity strategists at Goldman Sachs boosted their year-end 2020 fair value target for the S&P 500, even after the rally from the March lows that had seen the benchmark rise by over half.
Danske Commodities purchases 3.6GW British wind farm
Danske Commodities acquired Britain’s Dogger Bank3. 6GW offshore wind farm in a 15-year purchase, the company said on Monday.
Berkshire Hathaway buys into Barrick Gold, holds onto Apple
Shares of Barrick Gold were wanted ahead of the opening bell on Wall Street on the back of news that Berkshire Hathaway had taken a position in its stock even as it slashed its holdings across a swathe of the biggest US financial institutions.
Asia report: Markets mixed as Japan records biggest GDP contraction ever
Markets in Asia finished in a mixed state on Monday, as investors held their breath over tensions between Washington and Beijing, and digested the latest economic data out of Japan.
Sanofi to buy Principia Biopharma for $3.68bn
French pharmaceutical group Sanofi has agreed to buy US rival Principia Biopharma for $3. 68bn, further strengthening its core research and development areas of autoimmune and allergic diseases.
PBoC delivers bigger than expected short-term liquidity injection
The People's Bank of China added liquidity to the financial system at the start of the week following the release of weaker than expected readings for the country's industrial production and retail sales for July during the previous session.
Roche gets FDA approval for NMOSD treatment
Roche announced on Monday that the US Food and Drug Administration (FDA) has approved ‘Enspryng’, ir satralizumab-mwge, as “the first and only” subcutaneous treatment for adults living with anti-aquaporin-4 (AQP4) antibody-positive neuromyelitis optica spectrum disorder (NMOSD).
Japan suffers worst GDP contraction on record in Q2
The Japanese economy suffered its worst contraction on record in the second quarter as the coronavirus pandemic took its toll.