Author: Vitaliy Dadalyan

Euro-Area Economic Confidence Rises for Fifth Straight Month

(Bloomberg) -- Economic confidence in the euro area improved for a fifth month, albeit at a slower pace as resurgent virus infections cast uncertainty over the outlook.A European Commission sentiment index rose more than expected in September, sending the euro to the highest level in nearly a week. Yet confidence remains more than 30% below its pre-crisis level and evidence is building that the steep rebound following the end of lockdowns has started to level off.Production expectations in industry, which initially bounced back sharply, have barely moved over the past two months, and the outlook for demand in services waned for a second straight month. A gauge measuring employment prospects also signaled a continued but weaker recovery in September.“The euro-zone economy is already showing signs of rebound fatigue,” said Bert Colijn, a senior economist at ING. “Second-wave worries add to expectations of further slowing of economic growth.”The European Central Bank has...

Global Stocks Rally Reverses; S&P 500 Futures Slip: Markets Wrap

(Bloomberg) -- The September rebound in global equities reversed as investors assessed a scaled-back fiscal-stimulus proposal in the U.S. against the rising toll of the pandemic.European share declines were led by banks and other cyclical stocks. The pound added to gains from Monday amid speculation that successful Brexit trade talks could help shield Britain from a messy rupture with the European Union. Earlier in Asia, NTT Docomo Inc. jumped after its parent offered $40 billion for the remaining shares in its wireless carrier unit.S&P 500 futures slipped after the U.S. gauge climbed the most in more than two weeks Monday. Stocks sensitive to the pandemic fell in premarket trading including Norwegian Cruise Line Holdings. With the September selloff, the index is set for its worst month relative to global peers since 2018.As the global death toll from the pandemic exceeds one million, investors are looking for direction. They’re reviewing a $2.2...

Shares of LG Chem rise after report of Tesla's interest in battery unit

Shares of LG Chem Ltd, which supplies batteries to Tesla Inc, climbed on Tuesday, after media said the U.S. electric vehicle maker was looking to acquire a stake in a battery unit the South Korean company wants to dispose of. "Tesla is said to be exploring taking up to a 10 percent stake in LG Energy Solution," the Korea Times quoted an unidentified banking source as saying, in the U.S. firm's quest for a stable supply of batteries. Tesla delivered 367,500 vehicles last year....

Amazon Manager, Family Charged With Insider Trading Worth Over $1.4M By SEC

An Amazon.com, Inc (NASDAQ: AMZN) senior manager and her two family members were charged with insider trading by the United States Securities and Exchange Commission on Monday.What Happened: Laksha Bohra is alleged to have tipped her husband Viky Bohra about highly confidential information about the e-commerce giant's financial performance between January 2016 and July 2018, the SEC said in a statement.According to SEC, the Amazon manager came into possession of the information as she prepared and reviewed earnings calculations used to finalize numbers for the retailer's quarterly and annual earnings filed with the regulator.The SEC's complaint, filed in a federal court in Seattle, states that Viky Bohra and his father Gotham Bohra used the information to trade using 11 separate accounts maintained by different members of the family.The family allegedly reaped benefits to the tune of $1.4 million from the unlawful trading.The Bohras have agreed to return nearly $1.5 million they...