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COVID-19 TOTAL DAILY

Reuters

Yields edge up as safe-haven buying sputters
Markets

Yields edge up as safe-haven buying sputters

  • Guy LeBas, chief fixed income strategist at Janney Capital Management in Philadelphia, said the session's earlier risk-on tone switched to risk off as Wall Street pared losses.
  • "You see it in the pretty substantial reversal after a big morning rally in Treasuries," he said.
Published 16 Oct, 2020 01:38am
Johnson to set out UK's Brexit approach on Friday, Frost says
World

Johnson to set out UK's Brexit approach on Friday, Frost says

  • Britain left the EU in January and the estranged allies have since been locked in complex negotiations to try to agree a free trade deal for when a status-quo transition period ends on Dec. 31.
  • The European Union on Thursday said Britain needed to compromise to secure an agreement.
Published 16 Oct, 2020 01:34am
Biden to raise $2.4 trillion from taxes over a decade
World

Biden to raise $2.4 trillion from taxes over a decade

  • Analysts at the Urban-Brookings Tax Policy Center revised a March estimate that suggested Biden would raise around $4 trillion in taxes,
  • The $4 trillion figure became a regular attack leveled by President Donald Trump against Biden ahead of their Nov. 3 election contest.
Published 16 Oct, 2020 01:32am
EU wheat extends rally after Chicago jumps to near 5-year high
Markets

EU wheat extends rally after Chicago jumps to near 5-year high

  • Benchmark December milling wheat on Paris-based Euronext unofficially closed 1.7% higher at 207.00 euros ($242.1) a tonne after touching a new contract high of 207.25 euros.
  • "The market is factoring signs that dry weather could hamper wheat crops in many large growing regions," a trader said.
Published 16 Oct, 2020 01:27am
UAE, Israel working on double tax treaty to encourage investment
World

UAE, Israel working on double tax treaty to encourage investment

  • Several commercial agreements have been signed between the two countries since mid-August, when they agreed to normalise relations.
  • There is a preliminary agreement between both countries to start negotiations with Israel on Double Taxation Avoidance Agreement soon.
Published 16 Oct, 2020 01:25am
Fiat Chrysler to invest up to $1.5bn to build EVs at Canadian plant
Business

Fiat Chrysler to invest up to $1.5bn to build EVs at Canadian plant

  • The auto union said FCA would invest in a state-of-the-art vehicle platform that will enable the assembly of plug-in hybrid and battery electric vehicles.
  • The announcement comes less than a month after Unifor said Ford Motor Co would invest C$1.95 billion ($1.46 billion) in its Oakville and Windsor plants.
Published 16 Oct, 2020 01:20am
France's Renault draws down part of state-backed loan
Business

France's Renault draws down part of state-backed loan

  • Jean-Dominique Senard did not detail how much of the loan Renault had tapped, but added that the group had ample liquidity.
  • There will not be a single euro of public money used for Renault, I'm stating this clearly, unless the world collapses.
Published 16 Oct, 2020 01:16am
Twitter unblocks Trump campaign account that shared NY Post story on Biden
World

Twitter unblocks Trump campaign account that shared NY Post story on Biden

  • The Trump campaign, with 2.2 million followers, said in a new tweet it was "re-posting the video Twitter doesn't want you to watch.
  • It's going to all end up in a big lawsuit and there are things that can happen that are very severe that I'd rather not see happen, but it's probably going to have to,
Published 16 Oct, 2020 01:10am
Gold edges up after Trump offers larger US stimulus
Markets

Gold edges up after Trump offers larger US stimulus

  • Spot gold rose 0.3% at $1,906.15 per ounce by 1:46 p.m. EDT (1746 GMT). US gold futures settled up 0.1% at $1,908.90.
  • Trump said he would agree to go higher than the $1.8 trillion that the White House has offered in coronavirus stimulus to strike a deal.
Published 16 Oct, 2020 12:56am
US CDC reports 216,025 deaths from coronavirus
World

US CDC reports 216,025 deaths from coronavirus

  • The CDC reported its tally of cases of the respiratory illness known as COVID-19, caused by a new coronavirus.
  • The CDC figures do not necessarily reflect cases reported by individual states.
Published 16 Oct, 2020 12:54am
France's new COVID-19 cases set new 24-hour record, above 30,000
World

France's new COVID-19 cases set new 24-hour record, above 30,000

  • French President Emmanuel Macron on Wednesday ordered a nightly curfew in Paris and eight other big cities where the coronavirus is rampant.
  • The number of people in France who have died from COVID-19 infections rose by 88 to 33,125, versus 104 on Wednesday.
Published 16 Oct, 2020 12:34am