07 December

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World Economic Forum to be held in Singapore in May – WEF president in email

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ZURICH (Reuters) - The World Economic Forum (WEF) will be held in Singapore instead of Switzerland next year as the COVID-19 pandemic would make it difficult to ensure the health and safety of participants in Europe, WEF president Borge Brende said in an email on Monday. "The Managing Board took a very important decision today to move the Special Annual Meeting 2021...

07 December

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Kodak Shares Surge 60% Premarket on Report of Loan Probe Outcome

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(Bloomberg) --Eastman Kodak Co. (NYSE:KODK) surged about 60% in premarket trading after a press report that a probe found no wrongdoing regarding a government loan to the photography giant turned pharmaceutical manufacturer. The inspector general of the agency that brokered the deal, the U.S. International Development Finance Corp., discovered no evidence that employees of the agency had any conflicts of interest in the...

07 December

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Locals long for Disney magic as shuttered Paris park hits jobs

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By Noemie Olive and Sarah White VAL D'EUROPE, France (Reuters) - Sleeping Beauty's castle stands empty at Disneyland's theme park outside Paris and the giant twirling teacups and other rides have ground to a halt until at least mid-February due to France's COVID-19 restrictions. In neighbouring towns, where hotels have sprouted over...

07 December

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Wall Street Opens Mixed as Virus Surge Hits Cyclicals

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By Geoffrey Smith Investing.com -- U.S. stock markets opened mixed on Monday as tightening restrictions on economic and social life across the U.S. sent the great rotation trade of the last few weeks into reverse – if only temporarily. With no major progress over the weekend on a possible fiscal relief bill, it was the ‘long duration’ tech stocks in the NASDAQ Composite which...

07 December

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Airbus on course for 550-plus jet deliveries for 2020, sources say

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PARIS (Reuters) - Airbus is heading towards a total of 550 or more jet deliveries in 2020 after handing over more than 60 aircraft in November, according to tracking data and industry sources. November's total for deliveries is expected to be in the mid-60s and includes as many as seven A350s and more than 50 narrow-body jets. It marks a slight retreat...

07 December

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AirBnB, DoorDash IPO Buzz, Brexit Wobbles, China Exports – What’s up in Markets

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By Geoffrey Smith Investing.com -- The year is closing with two banner IPOs from AirBnB and DoorDash. However, it’s also hitting sterling as the U.K. faces up to a new chapter in trading with the EU. Stocks and commodities are running out of steam after last week’s Everything Rally and China’s exports surge as the world scrambles for PPE equipment and consumer electronics. Here’s...

07 December

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Vaccine airlift delivers shot in the arm for airlines

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By Laurence Frost, Tracy Rucinski and Jamie Freed PARIS/CHICAGO/SYDNEY (Reuters) - Airlines battered by COVID-19 are prepping for key roles in the mass vaccine rollout that promises to unlock an immediate boost for the sector - and beyond that, its own recovery and survival. Big challenges await carriers leading the airlift, as well...

07 December

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IKEA turns the page on catalogue after seven decades

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By Anna Ringstrom STOCKHOLM (Reuters) -Budget furniture giant IKEA said it has taken the emotional decision to end a seven-decade tradition and discontinue its catalogue, one of the world's biggest annual publications, as shoppers move online. The publication reached a peak in 2016, when more than 200 million copies were distributed to...

07 December

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Seeking end to 5G ban, Huawei says ready to accept terms Sweden may set

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By Supantha Mukherjee and Helena Soderpalm STOCKHOLM (Reuters) - Huawei is willing to meet any requirement the Swedish government may set on 5G network equipment and take other measures to mitigate concerns, a senior executive said, after a ban in the country delayed spectrum auctions. In a surprise move in October, Sweden's telecom...

07 December

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Euro zone investor morale surges on vaccine hopes – Sentix

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BERLIN (Reuters) - Investor morale in the euro zone rose more than expected in December, hitting its highest since February on expectations of an economic upswing thanks to the availability soon of vaccines to fight the coronavirus pandemic, a survey showed on Monday. Sentix's index for the euro zone rose to -2.7 from -10.0 in November. A Reuters poll had pointed to...

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World Economic Forum to be held in Singapore in May – WEF president in email

Kodak Shares Surge 60% Premarket on Report of Loan Probe Outcome

Locals long for Disney magic as shuttered Paris park hits jobs

Wall Street Opens Mixed as Virus Surge Hits Cyclicals

Airbus on course for 550-plus jet deliveries for 2020, sources say

AirBnB, DoorDash IPO Buzz, Brexit Wobbles, China Exports – What’s up in Markets

Vaccine airlift delivers shot in the arm for airlines

IKEA turns the page on catalogue after seven decades

Seeking end to 5G ban, Huawei says ready to accept terms Sweden may set

Euro zone investor morale surges on vaccine hopes – Sentix

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