Category: Uncategorized

Brazil’s real led Latin American Read More

Brazil’s real continues to underperform; Central bank meetings watched — Financial Post

NEW YORK — The U.S. Securities and Exchange Commission on Wednesday voted to order exchanges and the Financial Industry Regulatory Authority to create a new governance plan for the dissemination of stock market data needed for trading. Read More

U.S. SEC orders new governance plan for stock market data — Financial Post

NEW YORK — Oil prices soared on Tuesday, as some European and Asian countries along with several U.S. states began to ease coronavirus lockdown measures. Read More

Oil prices surge as coronavirus lockdowns ease — Financial Post

NEW YORK — Capital One Financial Corp told staff on Tuesday the bank’s offices in the United States, Canada and the UK will remain closed to all non-essential staff due to the coronavirus outbreak through at least Sept. 7. Read More

Capital One’s North American, UK offices to stay closed until September -memo — Financial Post

U.S. agencies are probing Wells Fargo & Co’s handling of the Paycheck Protection Program (PPP) for coronavirus relief, the country’s fourth largest lender said on Tuesday. Read More

Wells Fargo gets federal inquiries over handling of PPP loans — Financial Post

WASHINGTON — Drugmaker AbbVie has won U.S. antitrust approval to buy Botox-maker Allergan, a blockbuster $63 billion deal when it was announced last year, the companies announced on Tuesday. Read More

AbbVie wins U.S. antitrust approval to buy Allergan — Financial Post

NEW YORK/WASHINGTON — In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. Read More

How Boeing went from appealing for government aid to snubbing it — Financial Post

LONDON — U.S. petroleum consumption has fallen by a third since the economy went into lockdown in March but showed signs of stabilizing last week, …

U.S. oil consumption stabilizes but stockpiles continue to swell: Kemp

BENGALURU — Pummeled into recession by the coronavirus pandemic, the global economy will suffer its steepest contraction on record this year, with a…

Global economic contraction to be steepest on record, recovery U-shaped

WASHINGTON — The Small Business Administration on Wednesday said it would be temporarily closing its Paycheck Protection Program (PPP) for small businesses hurt by the novel coronavirus to all but the country’s smallest lenders, in a bid to give them fair access. Read More

Big U.S. banks to be temporarily locked out of small business lending program – SBA — Financial Post