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Reuters

McAfee software creator jailed in Spain, sources say
World

McAfee software creator jailed in Spain, sources say

  • Anti-virus software founder arrested in Barcelona airport.
  • To face US extradition request on fraud charges.
  • Arrested trying to reach Turkey on British passport.
  • 'Free McAfee' posted on his Instagram account.
Published 07 Oct, 2020 01:51am
Dry weather pushes CBOT wheat, soybeans to multi-year peaks
Markets

Dry weather pushes CBOT wheat, soybeans to multi-year peaks

  • Corn futures hit their highest level in 8-1/2 months, joining in the rally as the US harvest pace fell below expectations despite ideal weather for field work.
  • The dry conditions in South America could boost already-robust demand for US supplies as farmers in Brazil struggle to plant in the parched soils.
Published 07 Oct, 2020 01:49am
GE receives notice from US regulator of possible civil action
Business

GE receives notice from US regulator of possible civil action

  • In a regulatory filing, the US industrial conglomerate said the issues the regulator could pursue relate to the company's run-off insurance operations.
  • GE has fully cooperated with the SEC's investigation related to past reserve practices at our run-off insurance subsidiary.
Published 07 Oct, 2020 01:37am
UK's Raab: US wants to see leadership from Europeans
World

UK's Raab: US wants to see leadership from Europeans

  • On Sept. 29, Britain and Canada imposed travel bans and asset freezes on Belarusian President Alexander Lukashenko.
  • I think there's a feeling ... that the Europeans will put out the communique, possibly even do some censure.
Published 07 Oct, 2020 01:33am
US bond yields whipsawed by stimulus halt
Markets

US bond yields whipsawed by stimulus halt

  • Range-bound US Treasuries popped higher on Monday as the yield curve continued to steepen, dropping bond prices further away from record highs.
  • Indeed, Federal Reserve Chair Jerome Powell warned on Tuesday of the risk in not enough policy support.
Published 07 Oct, 2020 01:29am
Qualifier Podoroska living the dream at French Open
Sports

Qualifier Podoroska living the dream at French Open

  • The Argentine beat third seed Elina Svitolina 6-2 6-4 to become the first female qualifier to reach the semi-finals at the French Open.
  • The toughest part for me was like two or three years ago. I had too many injuries. My ranking dropped.
Published 07 Oct, 2020 01:09am
US natgas output, demand to fall in 2020 from peaks due to coronavirus
Markets

US natgas output, demand to fall in 2020 from peaks due to coronavirus

  • The EIA projected dry gas production will drop to 90.64 billion cubic feet per day (bcfd) in 2020 and 86.81 bcfd in 2021 from the all-time high of 93.06 bcfd in 2019.
  • It also projected gas consumption would fall to 83.66 bcfd in 2020 and 78.73 bcfd in 2021, from a record 85.20 bcfd in 2019.
Published 07 Oct, 2020 01:07am
Canada signs deal with Abbott for Panbio COVID-19 antigen tests
Business

Canada signs deal with Abbott for Panbio COVID-19 antigen tests

  • It works in 15 minutes, and is similar to Abbot's BinaxNOW, already on the market in the United States.
  • These antigens tests will have a role to play in avoiding large cluster outbreaks, when results are needed quickly to avoid further spread of the virus.
Published 07 Oct, 2020 01:01am