Thursday , 22 October 2020


Corporate sleuths on edge after China detains foreign consultants

(Reuters) – The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into pharmaceutical giant GlaxoSmithKline has had a chilling effect on other risk consultants working in China. It’s unclear why Peter Humphrey and Yu Yingzeng, whose firm ChinaWhys has done work for GSK and other drug makers, were detained. But corporate …

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US Treasurys widen losses after data hints at less stimulus

U.S. Treasurys prices weakened on Wednesday after reports showing economic growth accelerated in the second quarter and that private sector employment grew more than forecast in July arguably inched the Federal Reserve a step closer to cutting back its monetary stimulus. U.S. Treasurys opened lower, widened losses when payroll processor ADP said private sector employers added 200,000 jobs in July, and extended …

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Global stocks, dollar gain on data; Fed statement ahead

(Reuters) – Stocks and the dollar rallied on Wednesday ahead of three key central bank announcements after data showed the U.S. economy grew more quickly than expected in the second quarter. But even amid the positive sentiment after the data, investors remained focused on the potentially game-changing central bank policy decisions in the next 24 hours. A Federal Reserve statement …

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U.S. Economy Grew at 1.7% Rate in 2nd Quarter, Faster Than Expected

The United States economy performed a bit better than expected in the second quarter, shrugging off some of the impact from higher taxes and lower federal spending in the spring, the government reported Wednesday. The gross domestic product grew at an annual rate of 1.7 percent, hardly indicative of an economic boom, let alone enough to bring down elevated levels …

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China Molybdenum to Pay $820 Million for Rio Copper Mine in Australia

China Molybdenum Co. (3993), the nation’s second-biggest producer of the steelmaking material, agreed to pay $820 million for Rio Tinto Group’s Northparkes mine in Australia to add copper production. The sale is expected to be completed by the end of the year, Rio said today in a statement. London-based Rio owns 80 percent of the mine with the balance held …

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Former Israeli Intelligence Operatives Now Working For #Hedge Funds

A company staffed with former operatives ofIsrael’s top intelligence agencies and founded with the help of the former head of the Mossad is being used by hedge funds looking for an edge in the financial markets. Kela Israeli Intelligence has increasingly become a popular service on Wall Street. The firm employs about 40 former intelligence operatives and analysts, most of them …

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