Archive of 29 May 2020

ICCO sees global cocoa deficit of 80,000 tonnes in 2019/20

In its latest quarterly update, the inter-governmental body, cut its forecast for global production by 74,000 tonnes to 4.75 million. Grindings, a proxy for...

UK PM Johnson and US President Trump criticise China’s Hong Kong plan

China's parliament has approved a decision to go forward with national security legislation for Hong Kong that democracy activists. Johnson and Trump also discussed...

Sanofi stops enrolling COVID-19 patients in hydroxychloroquine trials

Sanofi to no longer supply anti-malaria drug to treat COVID-19 patients WHO paused its study into drug amid safety concerns PARIS: Sanofi has temporarily stopped...

Wall Street retreats ahead of Trump’s response on Hong Kong

Salesforce falls after slashing profit, revenue outlook Nordstrom dives after reporting quarterly loss Indexes down: Dow 1.06%, S&P 0.71%, Nasdaq 0.12% Wall Street's main indexes...

US/Canadian oil & gas rig count falls to record low

The Canadian rig count fell by one to an all-time low of 20 this week, according to Baker Hughes. That was 65 rigs, or...

Lloyd’s of London considers part-virtual underwriting room

Lloyd's shut its "underwriting room" in its London tower on March 19 in response to the coronavirus pandemic and has said it will not...

China’s Kunlun says U.S approves sale of Grindr to investor group

 The panel, the Committee on Foreign Investment in the United States (CFIUS), ordered Kunlun last year to divest Grindr amid concerns regarding the safety...

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