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Slowing US labour market, rising COVID-19 cases cast cloud over economic recovery

The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.

Markets

Salesforce in talks to acquire workplace app Slack – sources

Cloud-based software company Salesforce.com Inc is in talks to acquire workplace messaging app Slack Technologies Inc as it seeks to expand its offerings to businesses, people familiar with the matter said on Wednesday.

Markets

Delta pilots vote for pay cuts in deal that avoids furloughs through 2022

Delta Air Lines Inc pilots voted in favor of a deal that avoids furloughs through Jan. 1, 2022 in exchange for pay cuts, a union representing the pilots said on Wednesday.

Markets

Stock trades by Senator Perdue said to have prompted DoJ Inquiry – NYT

Republican Senator David Perdue's stock trades in financial firm Cardlytics Inc earlier in 2020 prompted a Justice Department inquiry that has since been shut without charges, the New York Times reported https://www.nytimes.com/2020/11/25/us/politics/david-perdue-cardlytics.html on Wednesday.

Markets

Exxon and Total in talks over Mozambique LNG resource-sharing deal: Report

ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters.

Markets

Wall Street banks slam lending proposal as ‘unworkable’ and ‘political’

Major U.S. banks on Wednesday pushed back on a proposal to bar them from snubbing controversial business sectors, such as oil and gas giants, in an unlikely turn of events that has pitched Wall Street against one of the Trump administration's industry-friendly regulators.

Markets

Exclusive: Exxon and Total in talks over Mozambique LNG resource-sharing deal – sources

ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters.

Markets

Fed policymakers may give new bond-buying guidance ‘fairly soon’: minutes

U.S. Federal Reserve policymakers may soon give new guidance on their plans for asset purchases, including for how long and in what maturities, as they seek to provide more support to markets and the economy, minutes from their November policy-setting meeting show.

Markets

Exxon to cut up to 300 jobs in Canada

U.S. oil major Exxon Mobil Corp said on Wednesday it plans to reduce up to 300 positions in Canada as part of an ongoing cost-cut plan due to a coronavirus-driven slump in oil prices.

Markets

Italy, Vivendi seek entente on single network, despite Mediaset tussle: sources

Italy and France's Vivendi are trying to work together on Rome's plan for a national broadband network, easing tensions after the media giant complained about an Italian bill potentially curbing its business in the country, sources said.

Markets

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