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MSCI, FTSE Russell cut Chinese telecom firms from global indexes By Reuters

SHANGHAI/SINGAPORE (Reuters) -Global index providers MSCI Inc and FTSE Russell said they would cut three Chinese telecom companies from their benchmarks in response to a U.S. investment ban, crushing the share prices and widening the fallout from the U.S. sanctions. The deletions add to the suite of firms already cut from world indexes because of the U.S. government ban and it likely...

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Hyundai Shares Jump Most Since 1988 After Report on Apple Tie-Up By Bloomberg

(Bloomberg) -- Hyundai Motor Co. shares surged 18% in Seoul, the most intraday since 1988, after a report said that Apple Inc (NASDAQ:AAPL). was in talks with the automaker to cooperate on developing self-driving electric vehicles. The report by a cable TV unit of Korea Economic Daily said that the two companies were currently negotiating terms, but didn’t elaborate on where it obtained...

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Elon Musk overtakes Amazon’s Bezos to become world’s richest person – Bloomberg News By Reuters

(Reuters) - Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc (NASDAQ:AMZN)'s top boss Jeff Bezos to become the world's richest man, Bloomberg News reported on Thursday. Including Thursday's gains in Tesla shares, Musk had a net worth of more than $188.5 billion, $1.5 billion more than Bezos, according to the report. (https://bloom.bg/3nnOz3U) ...

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England to require travellers to show negative COVID tests By Reuters

LONDON (Reuters) - Britain's government will require people entering England to present a negative COVID-19 test result on arrival starting next week to protect against new strains of the coronavirus from other countries, the government said on Friday. Passengers arriving by boat, plane or train will have to take a test up to 72 hours before departing for England, the transport ministry...

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Asian stocks jump as revived recovery hopes push Wall St to new highs By Reuters

By Imani Moise NEW YORK (Reuters) - Asian stocks opened higher on Friday, with Japan hitting a three-decade high as investors looked beyond rising coronavirus cases and political unrest in the United States and bet on an economic recovery later in the year. Futures for the S&P 500 jumped 1.48% and Japan's Nikkei 225 rose 0.84%, hitting its highest level since August...

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Nasdaq Closes Above 13K for First Time Ever on Bets for Stronger Recovery By Investing.com

By Yasin Ebrahim Investing.com – The Dow, S&P 500 and Nasdaq closed at record highs Thursday, led by tech as calls on lawmakers to remove President Donald Trump from office did little to cool bets on a stronger recovery on expectations that further fiscal stimulus is on the way after Democrats won control of the Senate. The Dow Jones Industrial Average rose 0.69%, or 211 points....

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Samsung Elec says Q4 profit likely rose 26%, in line with estimates By Reuters

SEOUL (Reuters) - Samsung Electronics (LON:0593xq) Co Ltd said on Friday fourth-quarter operating profit likely rose 26% as pandemic-driven remote working and TV-watching fuelled sales of chips and display panels, offsetting weaker smartphone sales. The South Korean tech giant said operating profit was likely 9 trillion won ($8.23 billion) in the quarter ended December, in line with the 9.1 trillion won...

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Micron Earnings, Revenue beat in Q1 By Investing.com

Micron (NASDAQ:MU) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Micron announced earnings per share of $0.78 on revenue of $5.77B. Analysts polled by Investing.com anticipated EPS of $0.6928 on revenue of $5.66B. Micron shares are up 5% from the beginning of the year and are trading at $79.11 , down-from-52-week-high.They are...

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