The euro topped $1.12 for the first time in 11 weeks, extending the shift in the currency market amid optimism over economic reopenings across the globe. The euro traded at $1.1226 vs. $1.1168 on Monday. The New Zealand dollar and Australian dollar also rose against the greenback, as did the British pound which flirted with the $1.26 level.
Davos will open itself up to allow people all around the world to share their views at a virtual summit, as part of what the event says is a "great reset" of capitalism.
The Global Electronic Musical Instruments Market will grow by $ 425.43 mn during 2020-2024
MyWave.AI announced today that its MyWave.AI Intelligent Personalization Platform is now an SAP endorsed app, available for online purchase on SAP® App Center. SAP Endorsed Apps are a new category of solutions from SAP’s partner ecosystem to help customers become best-run, intelligent enterprises. Endorsed apps are meant to deliver value with desired outcomes.
Pricefx’s Optimized Dynamic Pricing solution named a SAP Endorsed App, now available for digital discovery and purchase on SAP App Center
The "Satellite-based Earth Observation Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
Novo Ventures, part of Novo Holdings, today announced that it has led the $55 million (£44 million) Series B financing in NodThera, a UK and US based clinical stage biotechnology company developing a new class of medicines to treat diseases driven by chronic inflammation. Nanna Lüneborg, Partner at Novo Ventures, will join the NodThera board.
PepsiCo, Inc. (NASDAQ: PEP) today announced that Wern-Yuen Tan has been appointed Chief Executive Officer of Asia Pacific, Australia, New Zealand and China ("APAC"), overseeing all of PepsiCo's operations in the region. Mr. Tan, who will begin his new role on June 15, 2020, will be based in Singapore and will report to PepsiCo CEO Ramon Laguarta.
Polestar, the premium electric vehicle maker owned by China's Geely, plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc's locally made Model 3. Polestar, which currently has only one showroom in Beijing, plans to have 20 in 17 Chinese cities, the automaker said in a statement on Wednesday. The Gothenburg, Sweden-based company is manufacturing cars in China's eastern city of Taizhou.
Global stocks and oil prices jumped as hopes for a swift global economic recovery from the coronavirus pandemic and further central bank support helped offset rising geopolitical risks. Global stock markets have hit their highest levels since March this week, driven by green shoots of economic recovery and significant central bank support. “Compared to market drawdowns in past recessions, the speed and scale of this rebound is unusual,” said Kerry Craig, global market strategist at JPMorgan.
Annual General Meeting of Baltic Horizon Fund investors took place on 26 May 2020 in Tallinn, Estonia. As announced to the market on 26 May 2020, the quorum was not reached and investors were not able to adopt the proposed resolution, and so a new general meeting will be convened by Northern Horizon Capital AS with the same agenda. The new general meeting of unit-holders of Baltic Horizon Fund is to be held on 9 June 2020 at 15:00 (Eastern European Summer Time, local Estonian time) at the office of Northern Horizon Capital AS at Tornimäe 2, 24th floor, 10145 Tallinn, Estonia.
The "Engine Manufacturers (GLOBAL) - Industry Report" report has been added to ResearchAndMarkets.com's offering.
European stocks were poised for a third day of gains on Wednesday, as upbeat economic data helped investors set aside concerns over U.S. domestic unrest. The Stoxx Europe 600 index climbed 0.7% and the German DAX index gained 0.9%. A private gauge of China's service sector activity showed a sharp rebound, as investors waited for PMI services data out of Europe and unemployment data. In the U.S., protests against the death of an unarmed black man by a white police officer continued, and earlier curfews were largely ignored, but President Donald Trump appeared to back away from a threat to send the military to the streets. Dow futures [S: YM00] rose 124 points, with investors waiting for a private-sector payrolls survey due later.
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2020) - Sweet Earth Holdings Corp. (CSE: SE) (the "Company" or "Sweet Earth") is pleased to announce that it has listed on the Frankfurt Stock Exchange (FSE) under the ticker-symbol: (FSE: 1KZ1)1. The Company is also pleased to announce that it has joined the National Hemp Association ("NHA"), an American Organization established to support the growth and development of all aspects of the industrial hemp ...
(Bloomberg) -- Thousands of people marched in protest in cities from New York to Los Angeles as curfews went into effect to help police stem violence and vandalism. Protesters clashed again with law enforcement near the White House, though overall the night appeared calmer in most cities than it had been in nights before.Protests are taking place in cities across the U.S. over the killing of George Floyd, an unarmed black man who died after a white Minneapolis police officer knelt on his neck for more than eight minutes. The incident renewed concerns about police use of force that helped spark the Black Lives Matter movement.Night fell more quietly than it did a day ago. While a standoff on the Manhattan Bridge in New York ended peacefully, tensions remained as dozens were arrested in Houston, while protesters in Los Angeles called for the police chief’s job. Meanwhile in Ferguson, Missouri, epicenter of similar protests in 2014, voters there elected the city’s first-ever black mayor.Key Developments:Chicago to expedite police reforms; NYC extends curfewFloyd family joins tens of thousands protesting in HoustonMinnesota files civil-rights charge against police departmentUnrest Spotlights Depth of Black Americans’ Economic StruggleHow ‘Black Lives Matter’ Became a U.S. Protest Cry: QuickTakeU.S. Embassy in Kenya Corrects Arrests Claim (3:18 a.m.)The U.S. Embassy in Nairobi, Kenya, corrected claims it had made that the “officers involved” with Floyd’s death “have been arrested”. Just one has been.Floyd’s death has sparked outrage across sub-Saharan Africa, with protests staged in Kenya and Nigeria, and political leaders voicing angry criticism. In response, several U.S. embassies and officials on the continent issued statements openly critical of the circumstances surrounding Floyd’s death.The protests in Africa add to international pressure on American authorities to ensure there is justice for Floyd. The objections are all the more stinging given that many African nations have been at the receiving end of U.S. criticism for violating their own citizens’ rights.Protesters Clash With Police in Paris (3:02 a.m.)Demonstrators in Paris were ordered to disperse last night after sporadic outbreaks of violence, according to police in the French capital.Around 20,000 people gathered in the north east of the city and police reported incidents of missiles being thrown, fires being lit and tear gas deployed, according to Agence France-Presse.The protest was organized by campaigners seeking justice for a 24-year-old black man who died in police custody in France in 2016. The risk for President Emmanuel Macron is that global anger over George Floyd’s death ignites racial tensions in France, especially in the immigrant neighborhoods around Paris that have been among the worst hit by Covid-19.Nearly 10,000 Arrested in Floyd-Related Protests (2.25 a.m. NY)At least 9,300 people have been arrested in connection with protests across the U.S. in the days following the death of George Floyd, according to an Associated Press count.Skirmish at Park Near the White House (1:27 a.m. NY)Law enforcement deployed a pepper spray-style chemical and pepper bullets against protesters at Lafayette Square in Washington, D.C., the Washington Post reported. Video showed a TV camera operator being sprayed at a fence erected at the edge of the park just north of the White House.Reporters on the scene said some protesters threw water bottles and shook the fence separating them from the security officials, while others were yelling at them to stop. Some protesters set off a firework, the Post said.A tall chain-link fence had been erected around the park Tuesday, expanding a protective zone around the White House itself. At the same spot one day earlier, federal law enforcement violently dispersed a crowd of peaceful protesters minutes before President Donald Trump walked across the park for a photo op in front of historic St. John’s Episcopal Church.The crowds have since mostly dispersed.Ferguson, Missouri, Elects First Black Mayor (12:46 a.m. NY)The Missouri city at the epicenter of protests in 2014, sparked by the fatal shooting of a black teenager by a white police officer, elected its first-ever black mayor, the St. Louis Post-Dispatch reported.Ella Jones is a city councilwoman in Ferguson, which saw a fresh round of protests in recent days similar to those that followed the death of Michael Brown nearly six years earlier. Now mayor-elect, she will also be the first woman to lead the St. Louis-area suburb.Crowds Exit NYC Bridge as Protest Standoff Eases (11:40 p.m. NY)Police allowed demonstrators to get off the Manhattan Bridge on the Brooklyn side of the East River, as a standoff there diffused largely without incident.Meanwhile, New York Mayor Bill de Blasio visited a protest site in Brooklyn, where he said his city was calmer than it had been a day ago, crediting the decision to impose a curfew.President Donald Trump, however, said the police in New York weren’t being allowed to do their job and will need additional help. De Blasio and New York Governor Andrew Cuomo “MUST PUT DOWN RIOTING NOW,” he said.National Guard Probes Chopper Use in D.C. (11:25 p.m. NY)The D.C National Guard will open an investigation into the use of low-flying military helicopters against protesters in the nation’s capital.The highest echelons of the National Guard had ordered for the helicopter maneuvers, the New York Times reported citing a military official familiar with Monday’s episode. The helicopters were directed with an intent that had been provided by the secretary of the Army and the Army’s chief of staff in an extensive meeting earlier, the official told the Times.Demonstrators, Police in Standoff in New York City (11:12 p.m. NY)Hundreds of demonstrators who had marched through Brooklyn and headed to the Manhattan Bridge were stopped by police who prohibited their entry into Manhattan Tuesday night.Twitter users described a confrontation in which demonstrators challenged the police to let them pass, and the two sides remained at a standoff with police refusing to let them move into Manhattan.New York Representative Alexandria Ocasio-Cortez, a Democrat, in responding to video of the bridge protests, said “this is dangerous,” and she’s “heading there now.”Shooting, Looting Incidents in New York, Police Report (10:54 p.m. NY)The New York City police’s public information office reports a looting incident in downtown Brooklyn at Flatbush Avenue and Pacific Street. The department also said there was a shooting in the Crown Heights section of Brooklyn in which an officer shot “someone with a firearm.” No condition was reported on the gunman; the officer is not injured, according to the public information office. Police later said the shooting incident was unrelated to demonstrations.Pentagon Moves More Troops Into Washington Region (10:20 p.m.)The Pentagon “moved multiple active duty Army units into the National Capitol Region as a prudent planning measure in response to ongoing support to civil authorities operations,” Defense Department spokesperson Jonathan Rath Hoffman said in statement.Approximately 1,600 troops were moved into the Washington area from Fort Bragg and Fort Drumm over the last 24 hours. Active duty forces are “postured on military bases in the National Capitol Region but are not in Washington, D.C.”Voting Continues in D.C. Despite Curfew (9:51 p.m.)Washington D.C. is managing a conflict between its curfew, which started at 7 p.m., and voting locations that weren’t due to start closing until 8 p.m. In many of those, lines stretched for over an hour, meaning scores of people were waiting to vote as curfew hit.Voters in line by 8 p.m. are exempt from the curfew, Mayor Muriel Bowser said, though in at least one precinct voters reported a police officer telling them they needed to go home. A city official said police were told Sunday that voters were an exception to the curfew and one officer appears to have misunderstood the rules.Brooklyn Protesters Attempt to Cross Into Manhattan (8:46 p.m. NY)As the sun set and the city-imposed curfew took effect, thousands of demonstrators headed from Brooklyn’s Barclays Center toward Manhattan. Police wearing helmets and wielding batons stood watch as protesters marched down Flatbush Ave, while workers continued to board up store windows.Protesters chanted, “Black Lives Matter” as they walked. Dozens of police and parked squad cars blocked the entrance to both the Manhattan and Brooklyn bridges. Traffic snarled behind the crowd.Allen Mintz, 35, an attorney, said the protesters were aware the rally could end in violence, as similar gatherings have in recent days. “Yes, this is dangerous, but you know what else is dangerous? Injustice.”L.A. Protesters Gather in Front of Mayor’s House (8:45 p.m. NY)Crowds gathered in Los Angeles, including in front of Mayor Eric Garcetti’s house, ahead of a 6 p.m. curfew, according to local news channels. The city was on edge all day, with retailers from giant chains like Starbucks and Rite Aid to local mom and pop shopkeepers picking up the pieces of the previous night’s looting and vandalism. Particularly hard hit were Hollywood and the San Fernando Valley, neighborhoods that had been skipped earlier. Garcetti said in a radio interview Tuesday that it was a peaceful day, and that he intended to make moves including eliminating chokeholds for police.Police chief Michael Moore listened to public comments calling for his resignation during a virtual meeting of the police commission. The calls followed comments he made Monday equating looters in the city with the police officers who killed George Floyd.Chicago Mayor Announces Expedited Police Reforms (8:40 p.m. NY)Chicago Mayor Lori Lightfoot said Tuesday evening that she will expedite some planned reforms for the city’s police department like changes to training, officer wellness and recruitment over the next 90 days. The department is already under a consent decree.Lightfoot, the city’s first black female mayor, called out the officers involved in the death of George Floyd in Minneapolis last month.“I have watched all of the video coverage of George Floyd’s encounter with the four, shameful Minneapolis police officers who took his life,” she said. “I say all four, and not just the one who had his knee on his neck. All four were complicit. None followed their training, none intervened, and all felt entitled to abuse the privilege and honor of their badge to rob George Floyd of his humanity, his future and his life.”Houston Crowds Linger After Event Organized by Floyd Family (7:30 p.m. NY)Thousands gathered in downtown Houston Tuesday afternoon for a protest organized by two of the city’s rappers and George Floyd’s family. The organized portion of the demonstration was largely peaceful.A couple hours after the official end of the event, tensions escalated between police officers and lingering protesters. At one point, pepper spray or mace was used, and a handful of demonstrators and a police officer were seen rubbing their eyes. Houston police announced via loudspeaker they no longer considered the protest a peaceful assembly around 6:30 p.m. local time.New York Curfew Takes Effect (8:15 p.m. NY)New York’s curfew took force at 8 p.m., a day after scores of stores in the Midtown shopping district were smashed and looted. Under the curfew order, no traffic will be allowed south of 96th Street in Manhattan except for essential workers only. Hire vehicles like those of Uber and Lyft are suspended until 12:30 a.m. while taxis were told to take essential workers only.The curfew will run until 5 a.m. The largest U.S. city’s evening curfew will take effect nightly through June 7.Minnesota Files Civil Rights Charge in Floyd Death (4:56 p.m. NY)The state of Minnesota filed a human-rights complaint Tuesday against the Minneapolis Police Department in Floyd’s death. Governor Tim Walz and the Minnesota Department of Human Rights announced the filing at a news conference Tuesday afternoon, the Associated Press reported.The officer who kept his knee on Floyd’s neck for more than eight minutes, Derek Chauvin, has been fired and charged with third-degree murder and second-degree manslaughter. Three other officers involved were fired but have not been charged.Walz said the investigation into the police department’s policies, procedures and practices over the past 10 years will determine if the force has engaged in systemic discrimination toward people of color, and work out how to stop it.The Minneapolis Board of Education took action of its own Tuesday evening, voting in favor of a resolution to cut ties with the Minneapolis Police Department, the HuffPost reported. The resolution was introduced last Friday, four days after the deadly encounter between Chauvin and Floyd.Curfews, Protests Spread, Even to Hamptons (6:51 pm NY)Several hundred people gathered in Bridgehampton to protest the death of Floyd. Bridgehampton is a small but luxurious beach town on the East End of Long Island where privileged New York City dwellers escaped to when the pandemic began.Protesters gathered in the small downtown area, marching past a historic community house and ice cream parlor while chanting “hands up, don’t shoot” and “black lives matter.” Most protesters wore face coverings. The fashion designer Donna Karen attended the protest. “Who would not come here?” she told a News Day reporter. “This [police brutality] is unacceptable.”In Chicago, curfews expanded to a number of suburbs, including Oak Park and Downers Grove.In New York City, Manhattan traffic south of 96th Street wil be shut down Tuesday at 8 p.m., when the citywide curfew goes into effect, the New York Police Department said.Apple, Spotify and YouTube Join BlackOutTuesday (5:45 p.m. NY)Apple Inc., Spotify Technology Inc. and YouTube joined BlackoutTuesday, an initiative tied to the music industry’s TheShowMustBePaused movement, which supports protests across the U.S. against police brutality and racism toward African Americans.The iPhone maker paused the browse feature on its Apple Music service, presenting users with a message about standing in solidarity “with the Black voices that define music, creativity, and culture.” Spotify created a “Black Lives Matter” playlist while the music division of Google’s YouTube canceled all meetings on Tuesday. Executives for YouTube’s business and music teams also invited staff to take the day off.Warner Music Group’s Atlantic Records announced plans to contribute to “Black Lives Matter and other organizations that are doing crucial work to combat racial injustice.Colorado Governor Says No to National Guard (5:30 p.m. NY)“Denver is not Little Rock in 1957, and Donald Trump is not President Eisenhower,” Colorado Governor Jared Polis and Denver Mayor Michael Hancock, both Democrats, said in a joint statement in response to Trump’s threat to unleash federal troops across the U.S. “This is a time for healing, for bringing people together, and the best way to protect civil rights is to move away from escalating violence.”Denver has been under a curfew since the weekend with Colorado National Guard troops assisting city police to contain rioting and stop looting.Barr Moves to Forefront, Vows Greater Resources (5 p.m. NY)As President Donald Trump weighs whether to deploy active-duty military troops to confront protesters across the U.S., he’s getting advice from someone who’s been there before: Attorney General William Barr.Barr was attorney general in 1992 when the Insurrection Act authorizing such an extraordinary deployment was last invoked by President George H.W. Bush to quell riots in Los Angeles over the police arrest and beating of a black man, Rodney King. Now, Barr is playing a central and visible role in orchestrating Trump’s hard-line federal response to the demonstrations.In an unusual public appearance Monday, Barr stood in a park across from the White House as police prepared to rush a group of peaceful protesters and push them back. The move followed a decision earlier in the day to extend the protective perimeter around the White House -- a decision one senior Justice Department official said Barr was heavily involved in making in order to avoid the mayhem of previous nights in the nation’s capital.What the Law Says About Deploying Troops on U.S. Soil: QuickTakeNYC Businesses Crushed by Covid Face Riot Rubble (3:39 p.m. NY)New York City’s reopening is days away. After months of lockdown, businesses were prepared for a marathon slog back to normal. Now, after days of rioting, many are crawling just to reach the start line.Peaceful crowds have gathered in each of the five boroughs for the last five days to protest police killings of black people. Looters followed. They have broken windows and taken goods from small bodegas to icons of America’s commercial capital and everything in between.On Tuesday, after a fresh spasm of violence, the streets were carpeted with shattered glass. Stores throughout Midtown and downtown, the once-thriving centers of commerce and pleasure, were sacked. Shop owners and managers wearily prepared to welcome customers who might keep their stores alive and feed their families amid a plague that has killed more than 21,000 New Yorkers and thrown millions into the unemployment lines.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The "Melamine: 2020 World Market Outlook and Forecast up to 2029 (with COVID-19 Impact Estimation)" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- The global rally in stocks held its momentum Wednesday as investors showed more optimism of quick economic recovery from the coronavirus pandemic. Treasuries dipped with gold, and a dollar gauge hit its lowest level since early March.Gains in insurance and auto shares pulled the Stoxx Europe 600 Index higher, while contracts on all three American equity benchmarks also rose. In Asia, South Korea shares advanced the most after the country detailed a third round of fiscal stimulus. Brent crude oil extended its rebound above $40 as investors eyed a potential extension of record production curbs by OPEC+.Stocks have advanced globally for eight days to their highest level versus estimated earnings since the early 2000s, as more businesses reopen around the world and manufacturing gauges show economies stabilizing following shutdowns. That’s despite a slew of risks, including tense U.S.-China relations that may jeopardize a hard-won trade deal as well as violent protests and looting across much of America.“If I look at the markets, I see a V-shaped recovery,” Mark Mobius, co-founder at Mobius Capital Partners, said on Bloomberg TV. “That’s what the markets are telling us.”Elsewhere, Indonesia’s rupiah was the outperformer in currencies, after record orders at a local bond auction Tuesday. MSCI’s gauge of emerging-market stocks climbed close a three-month high.Here are some key events coming up:In Europe, the ECB is expected to top up its rescue program with an additional 500 billion euros of asset purchases at a meeting on Thursday. Anything less than an expansion would be a big shock, Bloomberg Economics said.The U.S. labor market report on Friday will probably show American unemployment soared to 19.5% in May, the highest since the 1930s.These are the main moves in markets:StocksThe Stoxx Europe 600 Index climbed 0.9% as of 8:16 a.m. London time.Futures on the S&P 500 Index rose 0.3%.Italy’s FTSE MIB Index gained 1.4%.The MSCI Asia Pacific Index increased 1.4%.CurrenciesThe Bloomberg Dollar Spot Index declined 0.4%.The euro gained 0.4% to $1.1215.The British pound jumped 0.4% to $1.2603.The Japanese yen was little changed at 108.66 per dollar.The Indian rupee was little changed at 75.371 per dollar.BondsThe yield on 10-year Treasuries climbed two basis points to 0.70%.Germany’s 10-year yield increased three basis points to -0.38%.Britain’s 10-year yield climbed two basis points to 0.243%.CommoditiesBrent crude gained 1.8% to $40.27 a barrel.Gold weakened 0.3% to $1,722.45 an ounce.LME copper dipped 0.3% to $5,510 per metric ton.Iron ore was little changed at $98.15 per metric ton.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares in Glu Mobile (GLUU) pulled back 3% in after-hours trading on Tuesday after the company announced that it intends to offer $100 million of its common stock in an underwritten public offering.In addition, Glu expects to grant the underwriters a 30-day option to purchase up to an additional $15 million of its common stock. All of the shares are being offered by Glu.Glu intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include potential acquisitions and strategic transactions.Goldman Sachs & Co. LLC, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the proposed offering. Cowen, Wedbush Securities and Roth Capital Partners are acting as co-managers.The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering, GLUU said.Shares in GLUU have exploded 65% year-to-date, and analysts have a cautiously optimistic Moderate Buy consensus on the stock with 7 recent buy ratings, 1 hold and 1 sell. Meanwhile the average analyst price target stands at $10, for upside potential of 5%. (See Glu stock analysis on TipRanks).Indeed, on May 28, GLUU announced an increase to prior Q2 guidance based on ongoing momentum across its live game portfolio, and the Q2 bookings and adjusted EBITDA raises were passed through to FY:20 guidance.“We continue to remain encouraged by these trends helping to strengthen GLUU’s bookings base, ahead of multiple growth catalysts still on the horizon for 2H20/FY21” stated Roth Capital’s Darren Aftahi on May 29 as he praised the company’s ‘diversified game portfolio.’Related News: Lyft Rises 5% After-Hours On Strong May Performance Zoom Lifts Full-Year Sales Guidance As Quarterly Revenue Balloons 169% Carl Icahn Initiates Position in Delek US Holdings, Boosts Occidental Petroleum More recent articles from Smarter Analyst: * Zoom Lifts Full-Year Sales Guidance As Quarterly Revenue Balloons 169% * Microchip Gains 7% After-Hours On Boosted Guidance; Top Analyst Ups PT * Cheesecake Factory Spikes After-Hours As 75% Sales Recaptured * Lyft Rises 5% After-Hours On Strong May Performance