- One of the U.S. auto industry's youngest and highest-ranking executives, General Motors Co's (GM) chief financial officer Dhivya Suryadevara, jumped ship on Tuesday for Silicon Valley and the technology sector, where she was named CFO of Stripe, the online payments startup.
Canadian housing starts rose in July as groundbreaking increased on multiple-unit and single-family urban homes, data from the national housing agency showed on Tuesday, as the market continued to bounce back from the COVID-19 crisis.
Singapore's economy contracted faster in the second quarter than previously estimated amid continued fallout from Covid-19, revised data showed Tuesday. The economy shrank 42.9% in the quarter from a year earlier, compared with the prior estimate for a 12.6% contraction, due to domestic measures to slow the virus combined with weak external demand, the Ministry of Trade and Industry said. The wholesale-and-retail trade sector shrank 8.2% in the second quarter, worsening...
Oil industry investors have been rocked by two jarring dividend cuts this year, but the biggest oil company of them all has stayed the course. That discipline will do little to attract foreigners to Saudi Aramco, though. It was a brutal second quarter for the entire oil sector: Profits were hit hard by Covid-19 lockdowns exacerbating an ill-timed price war.
Today, NuoDB announced that it has released a new version of its distributed SQL database. This capability positions NuoDB to remain the leading distributed SQL database provider as the need to turn data into actionable analytics continues to grow rapidly.
An index measuring employment trends in the U.S. rose in July for the third consecutive month as the labor market continued to recover from the coronavirus shock to the economy, data from the Conference Board showed Monday. The Conference Board Employment Trends Index stood at 50.89 in July, compared with an upwardly revised figure of 49.46 in June. The labor market is still far from making up all lost ground, as the index is down 53.8% from a year ago, the report said.
* Euro STOXX 600 gains 0.4% * Oil and gas sector up 1% on rising crude prices. * Chinese data stokes bode well for global recovery - analysts. * Gains checked by U.S.-China tensions, wait for U.S. stimulus. * Tech sector falls 0.1% on tensions. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Tom Wilson.
* Euro STOXX 600 gains 0.5% * Oil and gas index up 2.1% * Chinese data stokes bode well for global recovery - analysts. * Gains checked by U.S.-China tensions, wait for U.S. stimulus. * Tech sector falls 0.1% on tensions. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Tom Wilson.
The electric vehicle industry must pay more for lithium in order to spur investment and prevent future supply crunches of the battery metal, the chief executive of lithium producer Livent Corp (LTHM) said on Friday. Demand for EVs is expected to surge in coming years, spurred in part by government mandates, rising concern about climate change and other factors.
Canada's main stock index fell on Friday, weighed down by energy stocks as oil weakened on demand concerns due to a resurgence in coronavirus cases globally, and as U.S. President Donald Trump imposed tariffs on some Canadian aluminum products. * COVID-19 cases in the United States have been rising in several states, while India reported a record daily jump in infections on Friday.
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