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Markets

Wall Street rallies on prospect of divided US Congress

U.S. stock index futures jumped on Thursday as investors were optimistic that a potential gridlock in Washington could reduce the chance of major policy changes, although concerns remained about the risk of a contested presidential election.

Markets

Bitcoin hits highest level since Jan. 2018 amid post-election volatility

Bitcoin's price rose to more than US$14,900 on Thursday, its highest level since January 2018, amid volatility caused by the U.S. election and investor hopes that more central bank stimulus to support economies hit by the COVID-19 pandemic will push up the value of digital assets.

Markets

UK’s SFO probes Bombardier for suspected bribery, corruption in Indonesia

Britain's Serious Fraud Office on Thursday confirmed https://bit.ly/3p1BIGI its investigation into Bombardier Inc over suspected bribery and corruption relating to contracts and or orders from Garuda Indonesia.

Markets

Disappearing messages come to Facebook-owned WhatsApp

WASHINGTON: Facebook-owned WhatsApp said Thursday (Nov 5) it would introduce disappearing messages on WhatsApp, a move ramping up its challenge to rival Snapchat. The messaging service used by more than two billion people globally said it would enable people to choose whether to keep their ...

Markets

TikTok owner ByteDance in fundraising talks that will value it at US$180 billion: sources

TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at US$180 billion after the investment, according to two people familiar with the matter.

Markets

Unsettled by election drama, markets look on bright side

Those who banked on a big U.S. government spending splurge may be dismayed but two days on from U.S. Election Day, investors are looking on the bright side - less regulatory tightening than feared and a central bank still in full money-printing mode.

Markets

US weekly jobless claims fall marginally

The number of Americans filing new claims for unemployment benefits fell slightly last week, but remained extraordinarily high amid signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends.

Markets

GM profit beats as truck, SUVs sales rebound from pandemic lows

General Motors Co on Thursday posted a stronger-than-expected quarterly profit, driven by renewed demand for trucks and SUVs in the United States and a rebound in China sales, sending its shares higher in premarket trading.

Markets

Malaysia’s Petronas aims for ‘net zero’ emissions by 2050

Malaysian state energy giant Petronas on Thursday set a target of "net zero" carbon emissions by 2050, the latest major oil company to step up efforts to combat climate change.

Markets

GM posts stronger-than-expected profit

General Motors Co on Thursday posted a stronger-than-expected quarterly profit, driven by strong demand for trucks and SUVs in the United States.

Markets

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