Patrick Hamilton | Bloomberg | Getty Images Rio Tinto said on Monday that it would cut short-term bonuses from its chief executive Jean-Sébastien Jacques and two other seniors following a review of the destruction of the company’s two old caves in Australia. The world’s largest iron ore miner recently stopped …
Read More »Asia-Pacific shares higher; new rules over China’s Nasdaq-style ChiNext board launch
Action in the Asia-Pacific fell to trading Monday morning as developments on the coronavirus pandemic continue by investors. Hong Kong’s Hang Seng Index led gains regionally as it jumped 1.43% in early trading. Chinese parts of the mainland were mixed. The composition of Shanghai was slightly higher, while the Shenzhen …
Read More »US dollar still unrivaled as global reserve currency versus yuan, euro
The weakening of the US dollar is set to slide even further, but its importance as the world’s reserve currency is unlikely to diminish, according to analysts. The greenback had benefited when investors flew to safety amid the pandemic, which carried it to a half-and-a-half-year high in March. But now …
Read More »Marco becomes a hurricane, heading for the Gulf Coast
An employee of the Emergency Operations Center (EOC) is monitoring tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Marco intensified Sunday in a hurricane over the Gulf of Mexico en route to the coast of Louisiana, according to data from an …
Read More »Tesla, Apple grows 5% to record highs as both companies prepare for their distribution (AAPL, TSLA)
} Richard Drew / AP Photo Tesla and Apple both grew 5% at record highs on Friday as both companies prepared to share on their next week. Tesla’s shareholder date is Friday at the end of the business, while Apple’s shareholder date is Monday, August 24th. After their respective record …
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