LONDON — Sterling got support on Friday from data showing British shoppers kept increasing spending last month, taking sales further above their pre-COVID-19 levels, although the outlook for the pound remains bleak. The currency was flat versus the euro at 0.9131 at 1001 GMT , and up 0.1% against the dollar at $1.2984, after falling

Central Intelligence Agency-backed data analytics firm Palantir Technologies Inc said on Friday its shares would begin trading on the New York Stock Exchange on Sept. 29. Shares of Palantir, which last week said it would debut on Sept. 23, are scheduled to go public through a direct listing. (Reporting by Niket Nishant in Bengaluru; Editing

1/SNOWFLAKES ON FIRE IPOs are back. And how. A market that was enduring its worst slump in eight years has been revived by red-hot equity markets and floods of central bank stimulus, with listings coming thick and fast. Alibaba’s fintech arm Ant Group is planning for what could be the largest ever IPO, while e-commerce

By Kate Mackenzie (Bloomberg) — BP Plc is probably the first oil major that has made concrete plans for the end of oil–or at least the shrinking of its role. The company announced a big strategic pivot last month that would see it turn from an “integrated oil company” to an “integrated energy company.” The

LONDON — Oil prices ticked up on Friday on track for a weekly gain of about 9%, after Saudi Arabia pressed allies to stick to production quotas and banks including Goldman Sachs predicted a supply deficit. Brent crude was up 14 cents at $43.44 a barrel by 1000 GMT while U.S. oil futures rose 9

By Rachel Morison (Bloomberg) — A project using giant Tesla Inc. batteries was used to help balance supply and demand in Britain’s electricity market for the first time this week. The plant is made up of six Tesla megapack batteries that can store energy from renewable sources to be used at times of peak consumption.

BUDAPEST — Most Central European stock markets and currencies slid on Friday, as rising coronavirus cases both globally and in the region, with Hungary and the Czech Republic reporting record numbers of new infections, weighed on investor sentiment. Instead of lockdowns earlier that led to massive economic contractions, governments in the region are tightening mask-wearing

HONG KONG/SYDNEY — One of the 14 foreign judges on Hong Kong’s highest court has resigned due to concerns over a sweeping new national security law imposed by Beijing on the city, Australia’s national broadcaster reported on Friday. The office of the city’s leader Carrie Lam confirmed the resignation of Australian judge James Spigelman but

BRUSSELS/PARIS — The European Union has agreed to buy a potential COVID-19 vaccine from Sanofi and GSK in its second such deal to secure supplies, as a deadline for joining the World Health Organization’s (WHO) vaccine purchase program looms. The deal will see the French and British drugmakers, which have teamed up to manufacture a

Trading on TSX Venture Exchange to commence September 22, 2020 under ticker symbol ROMJ VANCOUVER, British Columbia, Sept. 18, 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (CSE:ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified, premium cannabis, is pleased to announce that further to its press

Shares of Dave & Buster’s Entertainment tumbled over 26.1% on Thursday, after the Wall Street Journal reported that the company might have to file for bankruptcy if it fails to strike a deal with a lender.Meanwhile, shares of the dining and entertainment company rose 4.8% in the extended trading session as Truist Financial said that investors are overreacting to the news.According to the Wall Street Journal report, Dave & Buster's (PLAY) is planning to layoff about 1,300 employees across seven US states in a move to cut costs.Truist Financial analyst Jake Bartlett called the share […]

Nvidia Corporation's (NASDAQ: NVDA) $40 billion acquisition deal of the British semiconductor Arm Ltd. is acting as an accelerant for a smaller market rival.What Happened: Patrick Little, CEO and President of SiFive Inc. in an interview with Reuters claimed that customer interest in their technology is on the rise.Patrick was a former Qualcomm Inc. (NASDAQ: QCOM) executive and was declared the new CEO and President of SiFive on Thursday.SiFive operates in the commercial RISC-V processor business, an open-source chip technology. Reportedly, since his appointment, Little was contacted by many […]

Ericsson has agreed to buy U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday, as part of plans to expand its 5G-related products for business customers. The deal, Ericsson's largest in more than a decade, would give it access to tools that can connect devices using the so-called Internet of Things over a 4G or a 5G network. "We think this will give our customers a chance to generate new income sources within the enterprise segment," Ericsson finance chief Carl Mellander told Reuters.