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Markets

US producer prices rise moderately; COVID-19 seen taming inflation

WASHINGTON :U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare-up in new COVID-19 infections restrains the labor market and demand for services.

Markets

Big tech firms to face 6% fines if breach new EU content rules

Big tech firms such as Google and Facebook will face fines of up to 6per cent of turnover if they do not do more to tackle illegal content and reveal more about advertising on their platforms under draft European Union rules.

Markets

Tiny activist investor’s arguments against Exxon draw crowd to its side

Exxon Mobil Corp, a giant of the energy world and once the world's most valuable company, is being pressured by a small investment company whose campaign for spending cuts and management change has been gathering more supporters.

Markets

Brazil prosecutors sue Maersk, seek to freeze US$200 million

Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former employees of state-run oil firm Petroleo Brasileiro SA, for alleged corruption involving shipping contracts, they said on Friday.

Markets

US producer prices increase modestly in November

WASHINGTON :U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare up in new COVID-19 infections restrains the labor market and demand for services.

Markets

Britain’s Asda paid parent Walmart US$1.52 billion dividend

Asda, the British supermarket arm of Walmart, paid its parent a 1.15 billion pound (US$1.52 billion) inter company dividend of surplus cash in March this year, according to Asda's annual report and accounts for 2019 published on Friday.

Markets

Wall Street shakes off labor market data with stimulus in focus

The S&P 500 was nearly flat on Thursday as investors weighed signs of progress in fiscal stimulus talks against data showing a surge in jobless claims, while energy stocks soared on a sharp jump in oil prices.

Markets

Asda paid parent Walmart US$1.52 billion dividend in March, annual report shows

Asda, the British supermarket arm of Walmart, paid its parent a 1.15 billion pound (US$1.52 billion) inter company dividend of surplus cash in March this year, according to Asda's annual report and accounts for 2019 published on Friday.

Markets

Britain finalises free trade pact with Vietnam

Britain and Vietnam on Friday finalised a free trade agreement, the second deal London has reached in Southeast Asia in as many days while deadlock continues over post-Brexit European Union arrangements.

Markets

No deal on Brexit trade more likely than agreement: EU Commission chief

BRUSSELS: Britain is more likely to leave the European Union's orbit on Dec 31 without a trade deal than with an agreement, the head of the European Commission was quoted as telling the bloc's 27 national leaders on Friday (Dec 11). Britain quit the EU in January but remains an informal...

Markets

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