Political News
Intel to sell NAND memory operations to SK Hynix for $9bn
Semiconductor giant Intel has clinched a deal to hive away its NAND flash memory unit to South Korea's SK Hynix for approximately $9bn.
US consumer confidence edges higher in October as Democrats grow more optimistic
US consumer sentiment was basically unchanged at the end of October as Americans loathing of the hyper-partisanship of the current elections still running at a high level, together with the drag from rising numbers of Covid-19 infections.
Facebook fixes technical errors on political ads ahead of US election
Facebook acknowledged and fixed a tech error in its systems on Thursday that was affecting political ads from both Democrats and Republicans, improperly paused them.
Brexit deal may be ready by early November - Bloomberg
A Brexit deal could be ready by early November after progress made by negotiators in unblocking disagreements on maintaining a s0-called 'level playing field' between the UK and the European Union.
JP Morgan sees increasing chances of capital returns from UK banks in 2021
"We believe it’s hard to overstate the importance of [a successful Brexit deal] (despite lower economic impact) for UK bank share prices as well as potential capital return," analysts at JP Morgan said.
US business optimism surges in October, PMIs reveal
Most US corporates were in an unexpectedly buoyant mood in October, as reflected in the results of two closely-followed surveys.
UK and Japan finalise first trade deal, CPTPP membership ahead
Britain and Japan formally signed the first major post-Brexit trade agreement on Friday with Trade Secretary, Liz Truss, also expressing the country's "strong interest" in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Nancy Pelosi says US stimulus package may be agreed soon
Talks between US lawmakers to thrash out a new fiscal stimulus package are progressing and may be ready soon, the top Democrat in Congress said.
Weekly US jobless claims surprise to the downside
Weekly jobless data in the States surprised to the downside with both initial and secondary claims retreating, alongside downwards revisions to the figures for the preceding week.
Coronavirus crisis widens inequality gap, reveals FCA
The Financial Conduct Authority revealed on Thursday that 12m UK adults are struggling to pay bills during the economic crisis caused by the coronavirus pandemic and that the financial inequality divide is widening.
US intelligence agencies accuse Iran, Russia of meddling in 2020 election
US Director of National Intelligence John Ratfcliff accused Russia and Iran late on Wednesday of trying to interfere with the 2020 US presidential election.
Sunak expands Covid job support scheme measures as cases rise
The UK government on Thursday unveiled an expansion of its furlough replacement scheme with the Treasury paying a greater share of workers’ wages to protect companies struggling under new regional Covid-19 restrictions.
US Senate's McConnell dials back opposition to stimulus, Treasury yields edge higher
The leader of the Republican majority in the US Senate dialed back on his opposition to a fourth government stimulus package.
Pound jumps as EU's Barnier says Brexit deal is within reach
The pound snapped higher in early trading after the European Union's chief Brexit negotiator told the European parliament that an agreement could be reached.
EU to back binding 'green' farming policies
Countries in the European Union have agreed on Wednesday to set aside part of the bloc’s farming policy budget for 'green' schemes that protect the environment.
Didi considering $60bn 2021 Hong Kong IPO
Chinese ride-hailing firm Didi Chuxing is considering the Hong Kong stock exchange for its initial public offering next year after discarding the option of a New York listing due to rising tensions between Beijing and Washington.
Brussels and London mull restarting Brexit talks - reports
Speculation is growing that London and Brussels are gearing up to resume stalled trade talks, despite prime minister Boris Johnson warning the UK to prepare for a no-deal Brexit.
US Treasury yields edge higher on reports lawmakers closer to stimulus deal
Stocks on Wall Street are bouncing back and Treasury yields inching higher following reports that lawmakers in the US were narrowing their differences on a fourth fiscal stimulus package.
DoJ to sue Google for abuse of dominant position in search services
America's Department of Justice is set to file an antitrust lawsuit against technology giant Google, alleging that it has been abusing its dominance in online search to stifle competition, resulting in harm to consumers.
UK claims Russia planned cyber-attack for Tokyo Olympics
UK’s National Cyber Security Centre together with US intelligence agencies revealed that the Russian military intelligence services were planning a cyber-attack on the Tokyo Olympics this summer.