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Uber, Postmates agree on US$2.65 billion all-stock deal: Bloomberg News

Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a US$2.65 billion all-stock agreement, Bloomberg News reported https://bloom.bg/2Z0TVcd late Sunday, citing people familiar with the matter.

Markets

France won’t ban Huawei, but encouraging 5G telcos to avoid it – report

The head of the French cybersecurity agency ANSSI said there would not be a total ban on using equipment from Huawei in the rollout of the French 5G telecoms network, but that it was pushing French telcos to avoid switching to the Chinese company.

Markets

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said.

Markets

SoftBank governance reforms stop short of Vision Fund: sources

SoftBank Group Corp has no plans to increase board oversight of its US$100 billion Vision Fund, two sources said, disregarding calls from activist investor Elliott Management and signalling governance reforms have stopped short of the fund.

Markets

Asia shares at four-month peak, stimulus trumps virus fears

Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.

Markets

Buy now, pay whenever? Lockdown lift for online shopping loans

Browsing online during lockdown, Jessica Friend spotted a pair of Ray-Ban sunglasses she liked, but the price tag made the 30-year-old Ohio resident think twice.

Markets

Dollar in tight range ahead of US services sector data

The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the coronavirus pandemic.

Markets

Samsung’s Q2 chip sales unlikely made up for smartphone weakness

SEOUL: At Samsung Electronics Co Ltd , demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. The world's biggest supplier of DRAM and NAND memory...

Markets

Banks urge Britain and EU to sort out financial market access

Britain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, banking lobby AFME said on Monday.

Markets

Britain’s finance ministry pledges funding to triple number of UK traineeships

Britain will offer its largest ever expansion of traineeships, its finance ministry said on Sunday, ahead of a highly-anticipated update due later in the week on the government's support for the economy through the coronavirus crisis.

Markets

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