Financial

Wall Street slides as Mnuchin says stimulus difficult before election

“The market is a little worried about not having that extra support for the next couple of months into the holidays,” said Thomas Hayes, chairman at Great Hill Capital LLC in New York.

Bank of England asks banks how ready they are for sub-zero rates

“We are also seeking to understand whether there may be potential for short-term solutions or workarounds, as well as permanent systems changes,” he said.

Wall Street’s IPO enemies ready one-two punch

NEW YORK (Reuters) - There have only been two direct listings on the New York Stock Exchange in the last two years....

Vanguard, BlackRock add new climate-focused ETFs as demand soars

The demand partly reflects the performance of the funds, which has often topped traditional investment products this year. That was despite many funds being held back by strategies such as not owning high-performing energy stocks, as second-quarter results showed.

Ghana plans $500 million London listing of gold royalty fund: sources

While the spot gold price has come off a record high hit in August, it is still up a whopping 27% so far this year at $1,931 an ounce

Tech rout deepens, Nasdaq set for worst two-day fall since March

The data added pressure on the White House and Congress to restart stalled negotiations over the next coronavirus relief package to lift the economy out of the worst recession since the Great Depression..

Tesla launches $5 billion capital raise, tapping in on share surge

With a market capitalization now around $465 billion, it became the world’s biggest car company by value in July and has propelled Chief Executive Officer Elon Musk’s personal fortune past $100 billion

South African state firms request bailouts over COVID-19

JOHANNESBURG (Reuters) - South African state companies have requested billions of rand in funding from the government to help them weather the...

South Africa’s Denel not planning to seek further bailouts

JOHANNESBURG (Reuters) - South African state defence firm Denel is not planning to seek new government equity injections despite a liquidity crunch...

S.Africa’s Absa says full-year dividend unlikely after interim profit tumbles

The lender, in the midst of a turnaround drive when the pandemic struck, had already warned that bad loans would blow a...

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