Hong Kong Racing Tips: Fighter to come Racing home in Valley finale July 14, 2020 IT HASN’T been easy for form students in Hong Kong this season with plenty of surprise results and the form-book disappearing into orbit on numerous occasions. If there has been one redeeming feature of the action at Happy Valley it has been the impressive form of jockey Zac Purton, and it’s easy to see why [...]
Hong Kong Racing Tips: Be Prepared for a big run from Sell My Sole July 14, 2020 HONG Kong’s 2019/20 season finally draws to a close with a nine-race card at Happy Valley on Wednesday. Unlike most racing jurisdictions around the globe, forced to close due to the COVID-19 pandemic, racing in Hong Kong has continued for the past six months, despite the action taking place behind closed doors. Reigning champion jockey [...]
FTSE 100 drops amid rising coronavirus cases and slow growth July 14, 2020 The FTSE 100 fell and US stocks were mixed as rising coronavirus cases around the world and the start of earnings season gave investors the jitters. London’s main stock index was 0.3 per cent lower in afternoon trading at 6,158 points. The FTSE 250 index of slightly smaller companies had fallen 1.4 per cent. Read [...]
Citigroup tops profit estimates on trading bounce July 14, 2020 Citigroup beat analysts’ estimates for profit in the second quarter as its trading desks cashed in on the market volatility caused by the coronavirus outbreak. The uptick allowed it to set aside $5.6bn for a potential surge in loan defaults. The New York-based bank reported a profit of $1.32bn for the three months to the [...]
Vegan milk firm Oatly raises $200m from investor group including Oprah Winfrey and Howard Schultz July 14, 2020 Vegan milk producer Oatly has raised $200m from a group of investors led by Blackstone, including Oprah Winfrey, actress Natalie Portman and former Starbucks boss Howard Schultz. The investment round, which was also backed by Jay Z’s Rocnation, will be used to fund the company’s growth plans, which include expansion in current markets and new [...]
Happy Bastille Day as Binance turns 3 July 14, 2020 Greetings from the Jurassic coast where young Lady Luna (my fast growing puppy) and I are on holiday with my relatives enjoying all the Dorset countryside has to offer! My French husband and I celebrated our 23rd Anniversary on the 12th July over WhatsApp and my old university French friend Carine Remy Greenwich celebrates her [...]
Blackrock punishes 53 companies over inaction on climate change July 14, 2020 Blackrock has punished more than 50 companies over their inaction on global warming after warning of huge investment risks from climate change. In January chief executive Larry Fink said Blackrock would get tough on companies that were too slow to take action on climate change. It announced it would put environmental strategy at the core [...]
Virgin Atlantic secures £1.2bn rescue deal after months of turbulence July 14, 2020 Sir Richard Branson’s Virgin Atlantic has secured a £1.2bn rescue deal after nearly four months of uncertainty over its future. The deal, which Sky News reported could be unveiled this afternoon, will save thousands of jobs at the embattled carrier. In a statement, chief executive Shai Weiss hailed the deal, saying that the “last six [...]
JP Morgan sets aside $10.5bn to cover loan defaults due to coronavirus pandemic July 14, 2020 Investment bank JP Morgan Chase & Co has set aside $10.5bn (£8.38bn) of reserves to cover a potential surge of loan defaults due to the coronavirus pandemic as US cases of Covid-19 continued to rise. The bank increased its provision for credit losses by $9.3bn compared to the previous year reflecting the “deterioration and increased [...]
Huawei banned from UK’s 5G network after government U-turn July 14, 2020 The government will ban new Huawei products from being a part of the UK’s 5G network from next year and all its existing infrastructure will be removed by 2027 in a major U-turn. Huawei will also be banned from supplying equipment to the UK’s new full fibre broadband network, with the embargo likely to begin [...]
