Ad man Sorrell eyes roaring recovery, more deals

© Reuters. LONDON (Reuters) – Martin Sorrell, the world’s most famous advertising executive, expects global economies to roar back to life as they recover from the pandemic over the next two years, but is worried about what comes after that.     “The drum beat in our daily meetings is getting louder and louder and louder, […]

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Asian shares set for mixed opening, eyes on Fed, stimulus

© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Alwyn Scott NEW YORK (Reuters) – Asian equities looked set to rise on Wednesday, bouncing back from a steep sell-off on Tuesday, while Australian stocks were seen opening weaker in a catchup […]

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Futures slip on rising virus cases; eyes on stimulus deal

© Reuters. FILE PHOTO: A trader wearing a protective face mask walks, as the global outbreak of the coronavirus disease (COVID-19) continues, at the New York Stock Exchange (NYSE) in the financial district of New York By Shriya Ramakrishnan (Reuters) – U.S. stock index futures dipped on Monday as surging coronavirus cases threatened to further […]

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Rivian CEO eyes smaller electric vehicles for China, Europe

© Reuters. FILE PHOTO: Rivian introduces all-electric R1S SUV at LA Auto Show in Los Angeles, California By Ben Klayman and Paul Lienert DETROIT (Reuters) – Electric vehicle startup Rivian, which is backed by Amazon (O:) and Ford Motor Co (N:), on Wednesday said it plans to follow up its first two products, a full-size […]

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IMF eyes relationship reset with biggest shareholder after Biden win

© Reuters. FILE PHOTO: The IMF logo is seen outside the headquarters building in Washington By David Lawder and Andrea Shalal WASHINGTON (Reuters) – The election of Joe Biden as U.S. president gives the International Monetary Fund a chance to reset its relationship with its largest shareholder and make green initiatives a bigger part of […]

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Exclusive: Workhorse Eyes Electric Van Sales, With or Without USPS

© Reuters By Christiana Sciaudone Investing.com — It pays to be in the business of electric vehicles.  Workhorse Group Inc (NASDAQ:) has rallied nearly 1,500% since hitting a 2020 low in March, but the stock really took off in late June, when the company received federal approval for its C650 and C1000 delivery vans. That […]

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Trump redoubles vow to withdraw troops from Iraq; eyes prospects for oil deals

2/2 © Reuters. U.S. President Trump meets with Iraq’s Prime Minister Mustafa al-Kadhimi at the White House in Washington 2/2 By Jeff Mason and Andrea Shalal WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday redoubled his promise to withdraw the few U.S. troops still in Iraq, but said Washington would remain ready to help […]

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U.S. eyes October deadline to end exemptions on Venezuela oil sanctions: sources

2/2 © Reuters. FILE PHOTO: A worker stands at a closed gas station of the state oil company PDVSA in San Cristobal 2/2 By Jonathan Saul and Marianna Parraga LONDON/MEXICO CITY (Reuters) – The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still […]

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Gold eyes $2,000 mark in speedy record-breaking run

By Arpan Varghese and Peter Hobson LONDON/BENGALURU (Reuters) – Gold’s record rally is moving tantalisingly close to the psychologically key $ 2,000 level, powered by investors seeking cover from COVID-19’s global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China trade tensions. prices have surged 53% in the last 14 months, blowing past […]

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