Opponents say Ivory Coast incumbent president Alassane Ouattara's (C) bid for a third term is illegal
Opponents say Ivory Coast incumbent president Alassane Ouattara's (C) bid for a third term is illegal
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(Bloomberg) -- U.S. and European equity futures and most Asian stocks climbed Tuesday after the triggering of a formal transition process to President-elect Joe Biden. The dollar dipped.S&P 500 contracts advanced after the General Services Administration acknowledged Biden as the apparent winner of the presidential election. Stocks outperformed in Japan, which reopened after a holiday, and Australia. They fluctuated in Hong Kong and China after a report that senior Trump administration officials are pushing for new hard-line measures against Beijing. European equity futures climbed.Earlier, U.S. equities closed in the green, with tech shares lagging and small caps jumping. AstraZeneca Plc became the latest firm to deliver positive vaccine news, bolstering demand for cruise-line operators and airlines. Gold added to overnight losses and oil gained. Sentiment also was boosted after people familiar with the matter said Biden plans to nominate former Federal Reserve Chair Janet Yellen to be Treasury Secretary.The General Services Administration’s acknowledgment reduces political uncertainty in the U.S., giving Biden and his team access to current agency officials, briefing books, some $6 million in funding and other government resources.“Markets love certainty and the move by Trump overnight partially removes ambiguity over the presidential succession,” Jeffrey Halley, senior market analyst Asia Pacific at Oanda, said in a note. “A Biden administration is expected to be much less isolationist, with hopes that the U.S. will reengage on global trade and improve relations with China.”Markets had already been buoyed by the latest vaccine successes and data showing U.S. business activity powered ahead in November at the fastest pace since March 2015. Investors have snapped up assets that could benefit from the end of lockdowns, even as the virus rages across the U.S. and Europe. Traders have also started to anticipate Congress will again deliver a spending bill to stave off the economic effects of new restrictions aimed at slowing the pathogen.“Having that end date on the calendar, with what looks like possibly three effective vaccines defines the bottom,” Brent Schutte, Northwestern Mutual Wealth Management Chief Investment Strategist, said on Bloomberg TV. “I think investors will come in and buy the dip, and I do think you will continue to have the rotation to those value names, small-cap names, things that are leveraged to the economic cycle.”Elsewhere, the New Zealand dollar jumped to its highest since 2018 while bonds declined as rate-cut bets were pared after a government proposal to add home prices to the central bank’s remit. Such a move would dim prospects of further rate cuts. Here are some key events coming up:Minutes of the most recent Federal Open Market Committee meeting are due Wednesday.U.S. jobless claims, GDP and personal spending data come Wednesday.U.K. expected on Wednesday to deliver the government’s spending plans for next year.Thursday sees a policy decision and briefing from the Bank of Korea.U.S. celebrates the Thanksgiving holiday on Thursday.The week ends with Black Friday, the traditional start of the U.S. holiday shopping season.These are the main moves in markets:StocksS&P 500 futures rose 0.7% as of 6 a.m. in London. The S&P 500 Index climbed 0.6%.Topix index rose 2.1%.Australia’s S&P/ASX 200 Index gained 1.3%.Kospi index added 0.5%.Hang Seng Index was little changed.Shanghai Composite Index fell 0.4%.Euro Stoxx 50 futures gained 0.5%.CurrenciesThe yen traded at 104.37 per dollar, up 0.1%.The Bloomberg Dollar Spot Index dipped 0.2%.The offshore yuan was at 6.5815 per dollar.The euro traded at $1.1850.BondsThe yield on 10-year Treasuries edged up to 0.86%.Australia’s 10-year bond yield rose four basis points to 0.89%.CommoditiesWest Texas Intermediate crude gained 1.3% to $43.61 a barrel.Gold dipped 0.6% to $1,826.31 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 Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. The jewelry-store rush by Kuwait's long-coddled citizens is a symptom of a looming disaster. Kuwait, one of the world’s wealthiest countries, is facing a debt crisis.
Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest oil and gas hot spot, two people familiar with the matter said. The deal reflects rising interest in Guyana, a small South American country of 750,000 whose oil discoveries are set to transform an economy dependent on agriculture and mining. Five years ago, a consortium led by Exxon Mobil Corp struck oil off the Guyanese coast in the 6.6 million-acre (26,800 square kilometer) Stabroek block that has been shown to hold more than 8 billion barrels of recoverable oil and gas.
Donald Trump has accepted that a formal transition can begin for Joe Biden to take office. Mr Biden was declared the “apparent winner” of the US election by a key federal agency, clearing the way for the start of the transition. A federal official said the determination was made after Mr Trump's efforts to subvert the vote failed across battleground states, most recently in Michigan.
President has finally admitted a transition process must begin, but still vows to continue his legal battles
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Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. Going from $18,000 to $100,000 in one year is not a stretch, Brian Estes, chief investment officer at hedge fund Off the Chain Capital, said.
David Dinkins, who broke barriers as New York City’s first African-American mayor, but was doomed to a single term by a soaring murder rate, stubborn unemployment and his mishandling of a race riot in Brooklyn, has died. Dinkins died Monday, the New York City Police Department confirmed. Dinkins, a calm and courtly figure with a penchant for tennis and formal wear, was a dramatic shift from both his predecessor, Ed Koch, and his successor, Rudolph Giuliani — two combative and often abrasive politicians in a city with a world-class reputation for impatience and rudeness.
A new round of social distancing rules took effect on Tuesday in the South Korean capital of Seoul, dealing a blow to small business owners despite brighter hopes for economic recovery after earlier success in battling the coronavirus. The Korea Disease Control and Prevention Agency (KDCA) reported 349 cases, as the daily tally ticked up again after a slight drop reflecting fewer weekend tests.
While all eyes have been on Boko Haram in Nigeria northeast, the northwest of the country has also been unraveling spiking food insecurity risk
'Orwellian' government unit obstructs freedom of information, says report. ‘Clearing house’ requires Whitehall departments to send it sensitive requests for vetting
TV tonight: mystery and angst in Luca Guadagnino's coming-of-age dramaTeenager Fraser arrives in Italy and struggles to fit in with his peers on a US army base. Plus: the Bake Off finalists wrestle with puff pastry and towering desserts. Here’s what to watch this evening
Croydon council outlines drastic cuts to jobs and services. Council, which in effect declared insolvency this month, said it would adopt a bare legal minimum approach
I'm a survivor! How resilience became the quality we all craveDuring the pandemic it has become a buzzword for successfully steering through adversity. But what exactly is resilience - and can you cultivate more of it?
Will New York's elite give Ivanka and Jared a warm welcome or the cold shoulder?It looks as though the knives are out for the one-time power couple as they plan a return to their former city. But there may be some surprises yet
By freezing pay and benefits, Sunak will be levelling down, not upThe chancellor’s spending review will hit the north hardest: prepare yourselves for a new austerity
Easing Covid controls could lead to Christmas travel chaos, warns LabourMinisters urged to set out how transport network will cope with potential festive surge * Coronavirus – latest updates * See all our coronavirus coverage
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Amsterdam, The Netherlands, November 24, 2020 – Kiadis Pharma N.V. ("Kiadis" or the "Company") (Euronext Amsterdam and Brussels: KDS), a clinical-stage biopharmaceutical company developing innovative NK-cell-based medicines for the treatment of life-threatening diseases, today announces that Kiadis will participate in the 2020 Piper Sandler 32nd Annual Virtual Healthcare Conference. Arthur Lahr, the company’s chief executive officer, will participate in a fireside chat and host one-on-one meetings with investors on Thursday, December 3, 2020. A recording of the fireside chat may be accessed by visiting the "For Investors" section of the Company's website under the "Events and Presentations". A replay of the fireside chat will be available for 90 days. Dutch Translation/Nederlandse vertaling Kiadis Pharma N.V. (‘Kiadis’), een biofarmaceutisch bedrijf in de klinische fase dat innovatieve op NK-cellen gebaseerde geneesmiddelen ontwikkelt voor de behandeling van levensbedreigende ziekten, maakt bekend dat het zal deelnemen aan de virtuele 32e Piper Sandler Health Conference. CEO Arthur Lahr zal op donderdag 3 december 2020 deelnemen aan een zogeheten ‘fireside chat’ en één-op-één meetings hebben met investeerders. Een video-opname van de chat kan worden bekeken door naar het gedeelte "For Investors" te gaan op de Kiadis-website onder het tabblad "Events and Presentations". Een replay van de fireside chat blijft 90 dagen beschikbaar. Dit persbericht vormt een samenvatting van het gepubliceerde Engelstalige persbericht. Bij eventuele verschillen is de tekst van het Engelstalige persbericht altijd leidend. Contacts Kiadis: Maryann Cimino, Sr. Manager, Corporate Affairs Tel: +1 (617) 710-7305 firstname.lastname@example.org LifeSpring Life Sciences Communication:Leon Melens (Amsterdam)Tel: +31 538 16 email@example.com Optimum Strategic Communications: Mary Clark, Supriya Mathur Tel: +44 203 950 9144 firstname.lastname@example.org About KiadisFounded in 1997, Kiadis is building a fully integrated biopharmaceutical company committed to developing innovative cell-based medicines for patients with life-threatening diseases. With headquarters in Amsterdam, The Netherlands, and offices and activities across the United States, Kiadis is reimagining medicine by leveraging the natural strengths of humanity and our collective immune system to source the best cells for life. Kiadis is listed on the regulated market of Euronext Amsterdam and Euronext Brussels since July 2, 2015, under the symbol KDS. Learn more at www.kiadis.com. Forward Looking Statements Certain statements, beliefs and opinions in this press release are forward-looking, which reflect Kiadis' or, as appropriate, Kiadis' officers' current expectations and projections about future events. By their nature, forward-looking statements involve a number of known and unknown risks, uncertainties and assumptions that could cause actual results, performance, achievements or events to differ materially from those expressed, anticipated or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. A multitude of factors including, but not limited to, changes in demand, regulation, competition and technology, can cause actual events, performance, achievements or results to differ significantly from any anticipated or implied development. Forward-looking statements contained in this press release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. As a result, Kiadis expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this press release as a result of any change in expectations or projections, or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. Neither Kiadis nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the anticipated or implied developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.