European and US stocks climbed on Friday as investors kept a watch on developments at a G20 summit in Japan, where US President Donald Trump and Chinese counterpart Xi Jinping are due to hold key trade talks.
Stock markets rallied on Monday after US President Donald Trump’s top economic adviser hailed “positive” trade talks with Chinese negotiators.
Wall Street’s main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.
Bangladesh has joined the select group of countries that manufacture world-class, large-scale PPE by shipping 6.5m PPE gowns to US brand Hanes for ultimate delivery to FEMA.
MoU aims for enhanced collaboration to implement initiatives and projects in the field of innovation and future technologies in Sharjah and the Northern Emirates.
The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to all the employees, said a top official of All India Bank Employees’ Association (AIBEA).