Italy's business lobby Confindustria said on Saturday it saw just a "partial" rebound for the country's gross domestic product (GDP) in 2021 after an expected 10% contraction this year, as the coronavirus epidemic still loomed.
COVID-19 shattered records for new cases in the U.S. Midwest, while Europe surpassed 100,000 daily cases for the first time after countries including Russia and the UK saw no respite in the mounting number of infections every day in the past five days.
Norwegian Air is considering laying off staff at its base at Gatwick Airport, a spokesman said on Friday, as the struggling budget airline steps up its cost-cutting drive to survive the industry's worst crisis.
Swiss watch brand Frederique Constant, owned by Japan's Citizen Watch Co, is hoping to limit the fall in sales to 25% this year as September business was almost back to normal, its chief executive told Reuters.
BASF slashed its outlook on Friday after heavy writeoffs sent it to a quarterly net loss of 2.6 billion euros ($3.1 billion), blaming a slump in demand caused by the coronavirus pandemic and a glut in basic chemicals.
Rolls Royce shares on Friday were heading for their best weekly gain since listing in 1987 as the British aircraft engine maker's plan to raise money to cope with the coronavirus travel crisis triggered bargain hunting among investors.
German chemicals maker Covestro raised its full-year guidance as it reported a better-than-expected quarterly core profit on Friday, citing cost-cutting measures, improved volume growth and better margin development.
After U.S. Q2 results beat expectations, Q3 will show whether dire forecasts for companies' bottom lines were justified.
Poland's biggest fashion retailer LPP aims to pay out dividends next year after deciding against any payout this year, its deputy head Przemyslaw Lutkiewicz said on Friday.
British Land said on Friday it would resume paying dividends in November, as the mall and office owner collected 69% of its September-quarter rent and expects collections to improve further over the coming weeks.
| Symb | Index | Time | Last | Chg | Chg % |
|---|---|---|---|---|---|
| .DJI | Dow Jones Industrial Average | 9 Oct 2020 | 28,586.90 | +161.39 | +0.57% |
| .IXIC | Nasdaq Composite Index | 9 Oct 2020 | 11,579.94 | +158.96 | +1.39% |
| .TRXFLDUSP | Thomson Reuters Equity US Index | 9 Oct 2020 | 307.87 | +2.69 | +0.88% |
| .TRXFLDCAP | Thomson Reuters Equity Canada Index | 9 Oct 2020 | 300.93 | +0.59 | +0.20% |
| .GSPTSE | S&P/TSX Composite Index | 9 Oct 2020 | 16,562.81 | +28.27 | +0.17% |
| .XAX | AMEX Composite Index | 9 Oct 2020 | 1,997.03 | +10.33 | +0.52% |
| .MXX | MXSE IPC | 9 Oct 2020 | 38,478.58 | +74.53 | +0.19% |
| SENSEX » | 40,509.49 | +0.81% |
| NIFTY50 » | 11,914.20 | +0.67% |
| S&P » | 3,477.13 | +0.88% |
| Nikkei 225 » | 23,619.69 | -0.12% |
| IN 10 YR |
+5.937
|
-0.002 |
| US 10YR |
+0.779
|
+0.000 |
| JP 10YR |
+0.032
|
+0.001 |
| INR / USD » | 0.0137 | +0.00% |
| INR / EUR » | 0.0116 | +0.00% |
| INR / GBP » | 0.0105 | -0.01% |
Twitter announced it will remove tweets calling for people to interfere with the U.S. election process or implementation of election results, including through violence, as the company also announced more labels and restrictions to slow the spread of misinformation. Conway G. Gittens has the changes.