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Markets

Asia billionaire wealth up 36%; tech, healthcare players pull ahead of peers

THE fortunes of Asia's wealthiest have grown more polarising, with billionaires in the booming tech and healthcare sectors pulling ahead of their peers as the Covid-19 crisis accelerates the divergence.

Markets

Discount broker Schwab completes acquisition of rival TD Ameritrade

THE Charles Schwab Corporation, the largest discount brokerage in the US financial world, has completed its acquisition of rival TD Ameritrade in an all-stock deal valued at about US$22 billion.

Markets

Citigroup fined US$400 million by US regulators for ‘longstanding deficiencies’

A pair of U.S. bank regulators ordered Citigroup Inc to clean up "several longstanding deficiencies" in a new enforcement order against the bank.

Markets

Arm exec says ‘firewalls’ will protect customer info after Nvidia deal

If Nvidia Corp buys Arm Ltd from SoftBank Group Corp , Arm will keep "firewalls" in place to ensure the data center chip company does not access confidential information from Arm's customers or get early access to Arm's products, a top Arm executive told Reuters on Tuesday.

Markets

Microsoft says investigating accessibility issues with 365 services

Microsoft Corp said https://twitter.com/MSFT365Status/status/1313914157243269121 on Wednesday it was investigating an issue affecting users' access to its 365 services, including Teams and Outlook.

Markets

Failed US stimulus talks could threaten economic recovery

The White House's sudden exit from fiscal stimulus talks with Democrats in Congress has added another level of doubt to a U.S. economic recovery that already seemed to be weakening, choking off perhaps US$1.5 trillion or more in future income and spending.

Markets

Scathing congressional report suggests big trouble for Big Tech if Biden wins

A scathing report detailing abuses of market power by four top technology companies suggests a tough road ahead of new rules and stricter enforcement for Big Tech should Democratic presidential candidate Joe Biden win the White House.

Markets

Activist investor Dan Loeb urges Disney to stop dividend to fund content

Activist investor Dan Loeb on Wednesday urged Walt Disney Co to stop its dividend payment and redirect the money to make more content.

Markets

Tesla has a shot at producing 500,000 cars this year, Musk says in memo

Tesla Inc has a chance at producing 500,000 cars this year, Chief Executive Officer Elon Musk told employees, according to an internal mail viewed by Reuters.

Markets

Tesla has a shot at producing half a million cars in 2020: memo

Tesla Inc has a chance at producing 500,000 cars this year, Chief Executive Officer Elon Musk told employees, according to an internal mail viewed by Reuters.

Markets

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