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West Ham had to ride their luck at times on Monday evening, but after a couple of seasons during which it did not feel like they had the rub of the green too often, few will be complaining. The 2-1 win over Aston Villa moves the Hammers up to fifth in the Premier League table after 10 games and will invariably spark questions over whether they can hold sincere hopes of playing European football next season. Villa missed out on what would have been a deserved point as Ollie Watkins struck the crossbar with a penalty before seeing an injury-time leveller chalked off because his shoulder had strayed centimetres offside.
Tesla Inc shares jumped 4% in extended trade on Monday after S&P Dow Jones Indices said it would add one of Wall Street's most valuable companies to the S&P 500 index all at once on Dec. 21. Adding Elon Musk's Tesla to Wall Street's most followed benchmark will force index funds to buy about $73 billion worth of its shares, S&P Dow Jones Indices said. The electric car maker's stock has surged over 40% since Nov. 16, when it was announced Tesla would join the index.
"WHAT THE HELL WAS THAT."
U.S. President-elect Joe Biden spoke with U.N. Secretary-General Antonio Guterres on Monday, Biden's transition team said, discussing the need for a "strengthened partnership" to combat COVID-19 pandemic and climate change - two areas where President Donald Trump shunned a multilateral approach. Trump has referred to climate change as a "hoax" and in 2017 pulled the United States out of a global accord to tackle climate change - a decision which took effect on Nov. 4.
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The World Cup hero died on International Day for the Elimination of Violence against Women
(Bloomberg) -- South Korea’s economy grew at a faster pace than initially estimated last quarter, as greater investment boosted the country’s rebound from its pandemic-driven slump.Gross domestic product increased a revised 2.1% in the third quarter from the previous three months, the Bank of Korea reported Tuesday, compared with 1.9% in earlier calculations. Analysts had expected the reading to be unchanged.The revision comes after the central bank last week raised its forecast for the full year, projecting a 1.1% contraction that was less smaller than seen in August. More investment and construction were among reasons for the upward revision to last quarter’s growth figure, the bank said Tuesday.South Korea’s shipments have been recovering in recent months, as Covid-related demand boosted its tech sales and the economy in China, its largest trade partner, continued to gain momentum. Exports probably increased 7.5% in November from a year earlier, the biggest gain since 2018, according to economists’ estimate before official data due later Tuesday.From a year earlier, the economy contracted 1.1% last quarter, unchanged from the previous estimate.(Adds chart.)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.
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Brazilian federal prosecutors have filed a lawsuit seeking damages from oil trading company Trafigura and former executives on corruption allegations involving Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras), according to a statement on Monday. The prosecutors are also seeking a court order to block up to 1 billion reais ($187.55 million) from of the defendants pending a final ruling on the matter. Trafigura did not have an immediate comment.
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Applova Inc., the Palo Alto based restaurant tech creator, has just launched a FREE digital menu to help restaurants navigate the pandemic. Applova believes in operating like a silent partner, supporting small and medium players in the food industry, with accessible and sometimes entirely free technology to help businesses bounce back to normal.
The scientists say that their results highlight this group may need to be prioritised for vaccination against the flu and Covid-19.
(Bloomberg) -- S&P Global Inc. grew out of a firm that provided bond ratings and railroad data. IHS Markit Ltd. traces its roots to a British barn and an effort to offer prices for the opaque world of credit derivatives.Now, the second-biggest acquisition of 2020 will combine the two into a data Goliath that tracks everything from the price of wheat to the movements of hundreds of thousands of ships criss-crossing the world’s oceans.The $39 billion deal underscores the central role of data in financial markets and the ever-growing demand from investors for information that gives them an edge in increasingly fast and computerized markets. Global spending on market data and analysis rose almost 6% to $32 billion last year, according to Burton-Taylor International Consulting.“Data is the lifeblood of markets,” said Roman Ginis, chief executive officer of Imperative Execution, an equities-trading venue. “Diversifying into data makes a lot of sense, and the more people need this data, the more you can charge for it.”S&P is widely known for its ratings and index businesses, and the purchase of IHS Markit would give it a stronger foothold in more opaque markets for financial derivatives including credit default swaps and collateralized loan obligations. In commodities, S&P Global Platts is the main provider of benchmark prices for key raw materials, including oil and refined products. That business could be complemented by IHS Markit’s maritime products, which include ship tracking, port data and information on trade flows.In an interview, S&P Global CEO Doug Peterson said the small business of providing data on energy transition and climate initiatives could be one of the biggest areas of growth. IHS Markit CEO Lance Uggla said the indexing and private markets business could also bring new opportunities.“With IHS Markit, they’ve got benchmarks and data on battery metals, hydrogen, wind, solar, biofuels, as well as information that’s coming out of every single car in the the United States,” Peterson said in a Bloomberg Television interview. “That is a real exciting growth area.”Bloomberg LP, the parent of Bloomberg News, competes with IHS Markit and S&P Global in providing financial analytics and information. Other providers include Moody’s Analytics, FactSet and Intercontinental Exchange Inc., according to Burton-Taylor.Some recent transactions in the industry have come under scrutiny. London Stock Exchange Group Plc is still negotiating with the European Union over its agreement last year to acquire Refinitiv Holdings Ltd. for $27 billion, over concerns that the company’s control of data could make it the gatekeeper for an entire industry.But Bloomberg Intelligence analyst Larry Tabb said he doesn’t see significant antitrust risk in the S&P deal. The primary competitive overlap between the companies’ businesses is in energy research and data, but otherwise they have different specialties, he said.Peterson said on a conference call with analysts Monday that S&P doesn’t foresee any regulatory issues “that can’t be resolved if they do come up.”The deal will likely get separate scrutiny from merger regulators in the European Union and U.K. as the British authority starts weighing deals after the country’s exit from the EU.The combination could also reduce S&P Global’s reliance on a ratings business whose fortunes are somewhat tied to market activity. IHS Markit said almost 90% of its revenue in the nine months ended in August was recurring.S&P shares rose 3% in New York trading. IHS shares climbed more than 7%.“With a more diversified portfolio of assets and increased visibility (i.e. more recurring revenue) on earnings, we believe the combined entity can command a higher earnings multiple longer term,” Oppenheimer & Co. analyst Owen Lau wrote in a note. “We believe the potential merger will benefit the shareholders of both companies.”IHS Markit has grown rapidly over the past two decades and has faced regulatory concerns about competition before. A civil probe by the U.S. Justice Department examined whether banks conspired to use Markit before the financial crisis to maintain their dominance in credit-default swaps and prevent new players from gaining a foothold. The DOJ probe was dropped after government concerns were addressed by new rules under the Dodd-Frank Act, people said at the time.The European Commission said in 2013 it probed difficulties faced by Deutsche Boerse AG and Chicago-based CME Group Inc., two of the world’s largest derivatives clearinghouses, as they sought to start a central clearing platform for instruments including credit default swaps from 2006 to 2009. Markit and the International Swaps and Derivatives Association, which was also under investigation, settled the claims in 2016.(Adds CEO comment in sixth paragraph.)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.
West End star Ruthie Henshall and Paralympic gold medallist Hollie Arnold had previously been voted off this year's series.