Top officials in Iran say the upcoming U.S. election doesn't matter, but nearly everyone else there seems to be holding their breath. The race for the White House could mean another four years of President Donald Trump’s “maximum pressure” campaign. Or it could bring Joe Biden, who has raised the possibility of the U.S. returning to Iran's 2015 nuclear deal with world powers.
(Bloomberg) -- Asian stocks dropped Thursday after shares tumbled in the U.S. and Europe, as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic. U.S. futures rebounded from the worst of the overnight declines.Losses were more modest across Asia than in the American session, with shares in Australia faring worst and those in China rising. S&P 500 contracts climbed about 1% after the benchmark lost 3.5% Wednesday -- its biggest drop since June. European futures also gained. The dollar gave back some of its overnight advance and 10-year Treasury yields held around 0.78%. Oil was steady after tumbling more than 5% on concern rising infections will sap demand.In China, nearly 1,000 firms are releasing third-quarter earnings on Thursday, with traders looking to see if the results confirm the nation’s accelerating recovery. The yen held a small decline after the Bank of Japan kept its key interest rate and asset purchases unchanged.An MSCI gauge of global equities is down almost 5% this week as virus cases surge, and after American lawmakers failed to agree on an economic aid package before the Nov. 3 election. Germany and France are imposing stricter lockdowns, while Italy, Spain and the U.K. all reported record case numbers on Wednesday.“Market sentiment is turning with investors buffeted by U.S. election uncertainty and now economic worries from rising Covid-19 cases across Europe,” said Kerry Craig, global market strategist at JPMorgan Asset Management. “These short-term forces are well beyond the control of individual investors, underscoring the need to maintain balance through the immediate uncertainty.”Elsewhere, the pound gained as European Union and U.K. negotiators made progress toward resolving some of the biggest disagreements, raising hopes that a Brexit deal could be reached by early November. The European Central Bank’s policy decision is due later Thursday, with the new coronavirus lockdowns by the euro zone’s biggest economies boosting the chance of preemptive monetary stimulus.These are some events to watch this week:Bank of Japan and the European Central Bank briefings from Governor Haruhiko Kuroda and President Christine Lagarde will follow policy decisions on Thursday.The Chinese Communist Party’s Central Committee holds its plenum through Friday, where it’s expected to chart the course for the economy’s development for the next 15 years.Brexit negotiating teams have started intense daily talks, and these are likely to continue as both sides push to finalize a deal by the middle of November.The first reading of U.S. third-quarter GDP Thursday is anticipated to be the strongest on record following a record dive in the prior quarter as many businesses were shuttered by the pandemic.Here are the main moves in markets:StocksS&P 500 Index futures added 1.1% as of 3 p.m. in Tokyo. The gauge dropped 3.5% on Wednesday.Japan’s Topix index fell 0.1%.South Korea’s Kospi index was down 0.8%.Hang Seng Index fell 0.8%.Shanghai Composite rose 0.3%.Australia’s S&P/ASX 200 Index retreated 1.6%.Euro Stoxx 50 futures rose 0.7%.CurrenciesThe Bloomberg Dollar Spot Index slipped 0.1%.The yen fell 0.1% to 104.40 per dollar.The offshore yuan gained 0.3% to 6.7087 per dollar.The euro bought $1.1754.The British pound rose 0.3% to $1.3018.BondsThe yield on 10-year Treasuries was at 0.78%, up one basis point.Australia’s 10-year yield rose more than three basis points to 0.82%.CommoditiesWest Texas Intermediate crude was at $37.49 a barrel, up 0.3%.Gold rose 0.3% to $1,883.05 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
When banks were flooded with loan requests from businesses struggling with the fallout of the coronavirus pandemic, hastily built robots helped several lenders cope with the deluge. The bots were one of many quick technology changes deployed across the industry during the crisis, a contrast to the slow progress it's made in the past two decades to improve technology in the face of increasing competition from fintech rivals. Now the jolt from the COVID-19 pandemic has accelerated the process even though banks globally are having to cut IT spending this year for the first time since 2009, based on data from research company IDC.
Few expected the Fighting Irish to struggle there, particularly with grad student Ian Book back at the helm after throwing for 3,034 yards and 34 touchdowns in 2019. While a veteran offensive line has cleared the way for sophomore running back Kyren Williams and the defense has been sound, Book finally looked like his old self last week in a 45-3 victory at Pittsburgh, throwing for 312 yards and three touchdowns. “We’re ascending at the right time,” Book said.
Pakistani authorities have ordered all businesses, including restaurants, wedding halls and markets, be closed after 10 p.m. to contain a coronavirus resurgence that began this month. Also, authorities in the capital, Islamabad, asked police to arrest anyone violating social distancing rules by not wearing masks at public places. Pakistan has reported 311,108 confirmed coronavirus infections, including 6,775 deaths.
OSLO, NORWAY (29 October 2020) – Following the authorization from the Annual General Meeting on 12 May 2020, the Board of TGS NOPEC Geophysical Company ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.125 per share (NOK 1.17 per share) in Q3 2020. Key information relating to the cash dividend: Dividend amount and declared currency: USD 0.125 per share (equivalent to NOK 1.17 per share)Last trading day including right: 4 November 2020 Ex-date: 5 November 2020Record date: 6 November 2020Payment date: 19 November 2020Date of approval: 28 October 2020 Company SummaryTGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.For more information visit TGS online at www.tgs.com. Forward Looking StatementAll statements in this press release other than statements of historical fact are forward-looking statements, which are subject to several risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data product at costs commensurate with profitability, as well as volatile market conditions, which have been exacerbated by the COVID-19 pandemic and the severe drop in oil prices. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
Kirk Ferentz's best Iowa teams tend to improve by the week, which means the Hawkeyes better get going if they want to be a factor in the Big Ten West. Ferentz is looking for his team to make a big jump at home against Northwestern on Saturday after its season-opening loss at Purdue. The Wildcats' offense has a polished quarterback in Peyton Ramsey and a rushing attack that generated 325 yards in the season opener against the Terrapins.
Purdue is fresh off a minor upset over Iowa. Illinois is reeling from a 45-7 drubbing at Wisconsin. Purdue coach Jeff Brohm made it clear the Boilermakers are taking nothing for granted when the two teams meet on Saturday.
Arkansas has won two Southeastern Conference games this season after going winless in the league the past two years. After snapping their streak of conference futility, the Razorbacks (2-2) will attempt to end another long skid when they visit No. 8 Texas A&M (3-1) on Saturday. The Aggies have won eight straight meetings in the series with the last victory by Arkansas coming in 2011.
Thank you, and welcome to Civeo's third-quarter 2020 earnings conference call. Today, our call will be led by Bradley Dodson, Civeo's president and chief executive officer; and Carolyn Stone, Civeo's senior vice president, chief financial officer, and treasurer.
With me today are John Gatling, president, and chief operating officer; and Jonathan Stein, chief financial officer. Today, I will review our operating performance and highlights as we continue to execute our strategy, and discuss Hess Corporation's latest results and outlook for the Bakken. Third-quarter results reflect continued strong Bakken performance by Hess Corporation an increased gas capture by Hess Midstream which drove throughput above expectations.
Ladies and gentlemen, thank you for standing by, and welcome to the SunPower third-quarter 2020 results conference call. On the call today, we'll start out with a strategic overview of the quarter from Tom Werner, CEO of SunPower, followed by Manu Sial, our CFO, who will review our third-quarter 2020 financial results before turning the call back to Tom for guidance.
Joining me on today's call are Dan Knotts, RRD's president and chief executive officer; and Terry Peterson, our chief financial officer. Beginning in the third quarter of 2020, we have reflected our logistics business as discontinued operations for all products presented in the consolidated statements of operations.
A group of British opposition lawmakers have filed a legal case against Prime Minister Boris Johnson over what they say is his failure to protect the public's right to free and fair elections after allegations of Russian interference. A parliamentary report released in July said the government failed to find out whether Russia meddled in the 2016 referendum on membership of the EU, and recommended the intelligence services investigate further. Johnson's government immediately rejected that recommendation and said it had not been complacent over the "enduring and significant threat" posed by Russia.
Good afternoon, everyone, and thank you for joining us today for Avid Technology's third quarter 2020 earnings call for the period ending September 30, 2020. With me this afternoon are Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP.
CERN earnings call for the period ending September 30, 2020.
Please note that this call is being recorded today, Wednesday, October 28, 2020 at 1:30 PM Pacific Time and that will be available on the Investors section of GenMark's website at www.genmarkdx.com. Before we begin, I would like to inform you that certain statements made by GenMark during the course of this call may constitute forward-looking statements. Any statement about our expectations, beliefs, plans, objectives, assumptions or future events or performance are forward-looking statements.
Good afternoon, everyone, and welcome to the M/I Homes Third Quarter Earnings Release Conference Call. At this time, I'd like to turn the conference call over to Phil Creek. Joining me on the call today is Bob Schottenstein, our CEO and President; Tom Mason, EVP; Derek Klutch, President of our Mortgage Company; Ann Marie Hunker, VP, Corporate Controller; and Kevin Hake, Senior VP.
The Buckeyes are coming off a 35-point win over Nebraska and are a double-digit road favorite against the Nittany Lions. Justin Fields, superb in his season debut, can continue building his Heisman Trophy credentials in prime time. The main question for the Buckeyes is the availability of wide receiver Chris Olave, who left last week's game in the second half with an upper body injury.
Djokovic saved four set points in the opener against Croatia's Borna Coric to win 7-6(11) 6-3 to reach the third round of the Erste Bank Open in the Austrian capital. The win meant that the 17-times Grand Slam winner could only be stopped from tying Pete Sampras' record of finishing as year end No.1 for the sixth time if Rafael Nadal accepts a wild card in competing in Sofia next month. The 19-year-old Sinner won the Next Gen ATP Finals in 2019 and is currently at a career-high ranking of 43, having reached his maiden Grand Slam quarter final at this month's French Open.