James Bond actor Daniel Craig is defending the decision to delay the much-anticipated film “No Time to Die” until April 2021.
James Bond actor Daniel Craig is defending the decision to delay the much-anticipated film “No Time to Die” until April 2021.
TransEnterix, Inc. (NYSE American: TRXC) announced today that it plans to release third quarter financial and operating results after the market closes on Thursday, November 5, 2020. The Company will host a conference call to discuss these results starting at 4:30 p.m. Eastern Time the same day. The call will be concurrently webcast.
AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, will hold a conference call and webcast with analysts and investors on November 16, 2020 at 12 P.M. Eastern Time, during which management will present the Company's fourth quarter and full year fiscal 2020 financial results, strategic accomplishments and market trends.
Dublin, Oct. 26, 2020 (GLOBE NEWSWIRE) -- The "Global Gastroparesis Market and Competitive Landscape - 2020" report has been added to ResearchAndMarkets.com's offering. The research report Global Gastroparesis Market and Competitive Landscape - 2020, provides comprehensive insights into the Gastroparesis pipeline, epidemiology, market valuations, drug sales, market forecast, drug forecasts, and market shares. This research analyzes and forecasts the Gastroparesis market size and drug sales. It also provides insights into Gastroparesis epidemiology and late stage pipeline. This research covers the following: Gastroparesis treatment options, Gastroparesis late stage clinical trials pipeline, Gastroparesis prevalence by countries, Gastroparesis market size and forecast by countries, key market events and trends, drug sales and forecast by countries, and market shares by countries. The research scope includes the countries US, Germany, France, Italy, Spain, UK, Japan, Europe, Global (G7 Countries). Research Scope: * Countries: US, Germany, France, Italy, Spain, UK, Japan, Europe, Global * Gastroparesis pipeline: Find out drugs in clinical trials for the treatment of Gastroparesis by development phase 3, phase 2, and phase 1, by pharmacological class and company * Gastroparesis epidemiology: Find out the number of patients diagnosed (prevalence) with Gastroparesis by countries * Gastroparesis drugs: Identify key drugs marketed and prescribed for Gastroparesis in the US, including trade name, molecule name, and company * Gastroparesis drugs sales: Find out the sales value for Gastroparesis drugs by countries * Gastroparesis market valuations: Find out the market size for Gastroparesis drugs in 2019 by countries. Find out how the market advanced from 2016 and forecast to 2024 * Gastroparesis drugs market share: Find out the market shares for key drugs by countriesBenefits of this Research: * Evaluate commercial market opportunities for Gastroparesis drugs * Synthesize insights for business development & licensing * Track market size, competitor drug sales, market shares in the Gastroparesis market * Develop in-depth knowledge of competition and markets * Analyze Gastroparesis drug sales data to update your brand planning trackers * Develop tactics and strategies to take advantage of opportunities in the market * Track Market Events and Trends and analyze key events in the Gastroparesis market * Develop forecast models, healthcare frameworks, or economic models * Answer key business questions; supports decision making in R&D to long term marketing strategiesKey Topics Covered: 1\. Gastroparesis Treatment Options 2\. Gastroparesis Pipeline Insights 2.1. Gastroparesis Phase 3 Clinical Trials 2.2. Gastroparesis Phase 2 Clinical Trials 2.3. Gastroparesis Phase 1 Clinical Trials 3\. Gastroparesis Epidemiology Analysis by Countries 4\. US Gastroparesis Market Insights 4.1. Marketed Drugs for Gastroparesis in US 4.2. US Gastroparesis Market Size & Forecast 4.3. US Gastroparesis Drugs Sales & Forecast 4.4. US Gastroparesis Market Share Analysis 5\. Germany Gastroparesis Market Insights 5.1. Marketed Drugs for Gastroparesis in Germany 5.2. Germany Gastroparesis Market Size & Forecast 5.3. Germany Gastroparesis Drugs Sales Forecast 5.4. Germany Gastroparesis Market Share Analysis 6\. France Gastroparesis Market Insights 6.1. Marketed Drugs for Gastroparesis in France 6.2. France Gastroparesis Market Size & Forecast 6.3. France Gastroparesis Product Sales Forecast 6.4. France Gastroparesis Market Share Analysis 7\. Italy Gastroparesis Market Insights 7.1. Marketed Drugs for Gastroparesis in Italy 7.2. Italy Gastroparesis Market Size & Forecast 7.3. Italy Gastroparesis Product Sales Forecast 7.4. Italy Gastroparesis Market Share Analysis 8\. Spain Gastroparesis Market Insights 8.1. Marketed Drugs for Gastroparesis in Spain 8.2. Spain Gastroparesis Market Size & Forecast 8.3. Spain Gastroparesis Product Sales Forecast 8.4. Spain Gastroparesis Market Share Analysis 9\. UK Gastroparesis Market Insights 9.1. Marketed Drugs for Gastroparesis in UK 9.2. UK Gastroparesis Market Size & Forecast 9.3. UK Gastroparesis Product Sales Forecast 9.4. UK Gastroparesis Market Share Analysis 10\. Europe Gastroparesis Market Insights 10.1. Europe Gastroparesis Market Size & Forecast 10.2. Europe Gastroparesis Product Sales Forecast 10.3. Europe Gastroparesis Market Share Analysis 11\. Japan Gastroparesis Market Insights 11.1. Marketed Drugs for Gastroparesis in Japan 11.2. Japan Gastroparesis Market Size & Forecast 11.3. Japan Gastroparesis Product Sales Forecast 11.4. Japan Gastroparesis Market Share Analysis 12\. Global Gastroparesis Market Insights 12.1. Global Gastroparesis Market Size & Forecast 12.2. Global Gastroparesis Product Sales Forecast 12.3. Global Gastroparesis Market Share Analysis 13\. Research Methodology For more information about this report visit https://www.researchandmarkets.com/r/3zncqyResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
The "Online Dating Services Market Research Report by Services, by Subscription, by Age Group, by Gender - United States Forecast to 2025 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
New York, New York--(Newsfile Corp. - October 26, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Fastly, Inc. ("Fastly") (NYSE: FSLY) between May 6, 2020 and August 5, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Northern District of California. To get ...
Chief EU negotiator Michel Barnier is due in London on Monday for talks with Britain to find out whether a deal on future relations can be struck to avoid widespread trade disruption at the end of the year. The United Kingdom left the European Union in January but the two sides are trying to clinch a deal that would govern nearly a trillion dollars in annual trade before a transition period of informal membership ends on Dec. 31. After a brief hiatus when London walked away from the negotiating table, both sides are now meeting daily to try to find common ground.
Millions of highly polluting, unsafe used cars from rich countries are exported to African and Asian countries.
Futures fell sharply. The stock market could go either way, along with leaders such as Microsoft and Tesla. It's peak earnings week as elections loom and coronavirus cases surge.
Hasbro's iconic Monopoly game, which is increasing seeing growth in online play, helped support a jump in gaming revenues over the third quarter.
Protalix BioTherapeutics, Inc. (NYSE American: PLX) (TASE: PLX), a biopharmaceutical company focused on the development, production and commercialization of recombinant therapeutic proteins produced by its proprietary ProCellEx® plant cell-based protein expression system, today announced that on Wednesday, October 28, 2020, at 10:00 a.m. EDT, it will participate in the Virtual KOL Roundtable, covering both the Company and pegunigalsidase alfa, or PRX–102, the Company's lead drug candidate for the treatment of Fabry Disease. The KOL Roundtable is taking place virtually on Tuesday, October 27 through Thursday, October 29.
Advanced Micro Devices Inc.'s stock price target was raised Monday to $95 from $85 by Susquehanna analyst Christopher Rolland, who cited expectations that the chip maker will beat expectations, when it reports third-quarter results after Tuesday's close. The stock slipped 0.3% in premarket trading, while futures for the S&P 500 dropped 0.9%. Rolland reiterated the positive rating he's had on AMD since July. He said that while Wall Street expectations provide a "challenging bar" for AMD to clear, "we believe the next-gen gaming console ramp and continued strength in the PC market should be enough for AMD to clear it," Rolland wrote in a note to clients. The FactSet consensus is for earnings of 35 cents a share on revenue of $2.56 billion. Rolland said his research suggests AMD continues to gain market share in both desktops and laptops. Rolland said the set up for the stock is "favorable" ahead of the earnings report, especially given how it has underperformed the sector since the second-quarter report. The stock has rallied 78.7% year to date through Friday, while the PHLX Semiconductor Index has advanced 27.6% and the S&P 500 has gained 7.3%.
The "Two Wheeler Accessories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- Emerging markets head into the last full trading week before the U.S. election with stocks and currencies near their highest levels since January and dollar-bond spreads close to their narrowest since February.Don’t expect it to get much better than that in coming days.Caution is likely to be the watchword for investors, with the Nov. 3 vote set to reveal not just whether Joe Biden’s opinion-poll lead over Donald Trump will propel him to victory, but also determine the fate of the much-anticipated U.S. stimulus package. And there’s always the risk of a contested result.“It makes sense for emerging-market investors to maintain only light (risk-bullish) positions in the remaining days before the U.S. election,” a Credit Suisse SA team including Kasper Bartholdy, managing director of fixed-income strategy in London, wrote in a report. “This is in part because we see sizable residual scope for the ‘Biden/Trump U.S. voter-support gap’ to fluctuate. It is also because we see a large risk that ongoing negotiations in the U.S. about pre-election fiscal-policy stimulus will falter and cause some temporary market consternation.”That investors are wary of putting too much on the line right now is already apparent. Implied currency volatility declined for a fourth week in the past five trading days, the longest streak since June. The main MSCI indexes of stocks and currencies barely budged Friday. A Bloomberg-Barclays gauge of emerging-market dollar bonds was also little changed.That’s not to say there aren’t plenty of emerging-market events to keep traders on their toes this week. China said Monday it will impose unspecified sanctions on the defense unit of Boeing Co., Lockheed Martin Corp., and Raytheon Technologies Corp. after the U.S. approved $1.8 billion in arms sales to Taiwan last week. South Africa will present its medium-term budget, which will set out the nation’s spending and borrowing targets for the next three years. And there are monetary-policy meetings in Brazil and Colombia.Listen: EM Weekly Podcast: Election Countdown; China Plenum; FX ReportChina’s Five-Year PlanThe central committee of China’s Communist Party meets Monday through Thursday to discuss the next five-year plan. At the close of the plenum there should be a broad sense of what the plan will be, although the details will only be revealed in MarchThe plenum is a chance for China’s planners to emphasize their vision for technological leadership and supply-side reformsSome emphasis may also be placed on expanding domestic financial markets, which may attract more foreign capital, as opposed to allowing too much growth of already bloated bank loan booksThere’s also likely to be a debate about whether to announce a growth target. An ambitious number, say above 5-5.5%, would suggest more emphasis is being placed on the quantity of growth rather than its quality, and may increase the possibility of additional stimulusThe nation recently completed a comprehensive review of its strategy for the internationalization of the yuan. People’s Bank of China Governor Yi Gang said that promoting broader use of the yuan will continue alongside the opening of marketsThe currency reached the strongest level in more than two years last week as the dollar weakened and China’s recovery from the pandemic showed signs of broadening in SeptemberChina will publish September industrial profits on TuesdayOfficial October PMI numbers due on Saturday are expected to show continued expansionCentral Banks on HoldBrazil’s central bank will probably hold its key interest rate steady on Wednesday as investors search for clues on the policy makers’ next steps, according to Bloomberg EconomicsOn Friday, money managers will watch for August unemployment figures, September’s primary budget balance and a reading of net debt as a percentage of GDPColombian policy makers may keep their key interest rate at a record low on Friday, according to the median forecast of economists surveyed by BloombergThe Colombian peso is the best-performer among Latin American peers this month after its Mexican counterpartMedium-Term BudgetSouth Africa’s Finance Minister Tito Mboweni will present the medium-term budget policy statement on Wednesday after asking parliament to delay it by a week so the Treasury can assess the implications of the government’s economic recovery plan on spendingThere’s “limited potential” for the rand to strengthen beyond the 16.08 per-dollar intraday peak seen in September and investors should trim their positions in local-currency bonds before then, according to Credit SuisseCredit Suisse sees a “high chance that the Treasury will fail to deliver meaningful fiscal consolidation measures in the near term,” a team including Kasper Bartholdy saidThe rand is one of the best-performing developing-nation currencies this monthData and EventsSouth Korea will announce third-quarter GDP on Tuesday, with economists projecting growth of 1.3% over the previous three monthsThe country will also release October consumer confidence on Wednesday, and November business confidence on Thursday. Industrial production for September due on Friday is expected to show the first year-on-year growth since MarchOctober trade numbers are due on Sunday. The month had fewer working days than October 2019, meaning the data are expected to show a year-on-year declineSouth Korea’s won was the strongest currency in Asia again last week despite warnings of intervention from authoritiesMalaysia’s September trade accounts are due on Wednesday, with the consensus for a slight widening of the surplusThe ringgit was little changed last week amid a decline in political noiseHowever, the King’s refusal to grant the Government a state of emergency to tackle the pandemic -- which was viewed by the opposition as an attempt by the premier to retain control amid a power struggle -- will keep markets on the alertThailand’s cabinet is due to meet Monday and Tuesday to discuss how to respond to the ongoing anti-government protestsSeptember manufacturing production is due on Wednesday, with economists forecasting a slower pace of decline. Balance-of-payments and trade numbers are due on FridayThe baht was Asia’s worst-performing currency last week after the Indian rupee. The currency dropped despite attempts by the prime minister to calm political tensions by lifting the state of emergencyRead: Here’s What May Happen Next in Thailand’s Historic ProtestsTaiwan will release third-quarter GDP on Friday, with a small return to growth anticipatedTaiwan’s dollar maintained its recent pattern of strengthening during the day and erasing its advance toward the close of tradingTurkey’s central bank will reveal its latest inflation forecast in its quarterly report on WednesdayThe lira weakened through 8 per dollar for the first time amid deepening skepticism over the central bank’s efforts to shore up the currency at a time of rising geopolitical tensionsAfter an unexpected rate hike in September stoked bets that the central bank had shifted to a hawkish stance, policy makers surprised the markets by keeping the policy rate on hold last weekChile voted overwhelmingly on Sunday to draft a new constitution, which is expected to blunt the neo-liberalism that has made it an investor favorite but plunged it into riots over inequalityCentral bank minutes, to be released on Friday, will likely reflect the monetary authority’s plans to keep its rate steady through 2021Unemployment, retail sales and copper-production figures for September, also expected on Friday, will provide clues on how the nation’s economy has fared amid the pandemic and uncertainty over constitutional reformA preliminary reading of Mexico’s third-quarter gross domestic product, scheduled for Friday, is expected to show that activity bottomed in the second quarter, according to Bloomberg EconomicsArgentine traders will be watching for any developments on how the government plans to handle its currency crisis as the gap between the official peso and the blue-chip swap rate widensU.S. Treasury Secretary Steven Mnuchin is unlikely to release a much-watched report on international currency manipulation that was due in April until after the Nov. 3 presidential election, according to people familiar with the matterEmerging-market currencies could rally 5% by the end of the year should Biden win the presidential election, Morgan Stanley strategists including James Lord and Jaiparan Khurana wrote. In its recommendation to investors, the firm said it entered long positions in the South African rand and Russian ruble against the dollar, and has moved to shorts on the U.S. currency versus the Brazilian real, Mexican peso and Colombian pesoFor 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.
Czech consumer confidence fell the second most in October, according to a regular statistics office survey, although the crown took the data somewhat in stride, with markets keeping an eye out for preliminary third-quarter growth data due on Friday. Stock markets fell with global peers on Monday, with Warsaw down 0.7% and Prague off 0.3%.
Dublin, Oct. 26, 2020 (GLOBE NEWSWIRE) -- The "Worldwide Adhesives in the Composites Industry Competitive Analysis and Leadership Study" report has been added to ResearchAndMarkets.com's offering. The adhesives in the composites industry manufacture landscape is diverse and continually evolving. Major players in adhesives in the composites industry market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the adhesives in the composites industry market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success. Over the years, the level of demand for adhesives in the composites industry has increased due to the growing demand in end user industries. Adhesives in the composites industry are used for a variety of applications, such as automotive, marine, aerospace, wind energy, and others and is forecast to grow at a CAGR of 7.5%. The major growth drivers for this market are the growth of end-use industries, increasing focus of the original equipment manufacturers on weight reduction with cost advantage, and replacement of fasteners with adhesives. Firms that produce adhesives in the composites industry are approaching market opportunities with starkly different strategies. The analyst, a leading global management consulting and market research firm, has analyzed the global adhesives in the composites industry suppliers and has come up with a comprehensive research report, "Leadership Quadrant and Strategic Positioning of Adhesives in the Composites Industry Suppliers". Using its proprietary research methodology, the analyst has developed a comparative analysis tool, the 'Leadership Quadrant,' which identifies leaders, contenders, visionaries, and specialists in the adhesives in the composites industry market and rates each adhesives in the composites industry producer. This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, eight companies such as Henkel, 3M, Momentive, Dow, Huntsman, SIKA AG, LORD, and ITW were analyzed and profiled because they are the top revenue producers for adhesives in the composites industry. The eight profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics. A total of 60 figures/charts and 6 tables are provided in this 140-pages report to help in your business decisions. Collected from a series of primary vendor interviews and secondary sources, the analyst provides its own scorecard for determining which of these companies is better aligned with future market opportunities and which has the ability to gain additional market share. Using its proprietary research methodology, the analyst has developed a comparative analysis tool, the 'Leadership Quadrant,' which identifies leaders and challengers in the adhesives in the composites industry market and rates each adhesives in the composites industry producer on two primary criteria as shown below: * Alignment with market opportunity * Ability to gain market shareIn addition to the Leadership Quadrant, this comprehensive research report also offers for consumers of adhesives in the composites industry as well as the investment community content-rich comparative analysis detailing which producers have the production capacity, service capabilities and vision to deliver fully on its promises. Some of the features of this research study are as follows: Leadership and competitive analysis: * Product mapping of leading players * Benchmarking of financial strength of leading players * Leadership quadrant/strategic positioning of players * Leaders * Contenders * Visionaries * SpecialistsMarket shares of leading players in various regions: * North America * Europe * Asia Pacific * The Rest of the WorldProfiles of leading players in terms of below parameters: * Product positioning * Market positioning * Financial strength * Revenue breakdown by market segments * Revenue breakdown by regions * Organizational capabilities * Innovation and market leadershipDesigned for the industry professionals, financial services firms, and users of adhesives in the composites industry, this report titled "Leadership Quadrant and Strategic Positioning of Adhesives in the Composites Industry Suppliers" is the industry's comprehensive examination of the adhesives in the composites industry producers' competitive landscape. This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. This report answers the following key questions: * What are the market shares of suppliers in various applications segments such as in automotive, marine, aerospace, wind energy, and others market? * Who are the market leaders in various regions and what are their market shares? * Which companies are more aligned with market opportunities and which companies have ability to gain market share? * What are the key differentiators for major suppliers? * Which company has the widest product range and how the product mapping looks among various players? * Which companies will gain market share?Key Topics Covered: 1\. Leadership Analysis 1.1: Market Description 1.2: Scoring Criteria 1.3: Leadership Quadrant Analysis 1.3.1: Leaders (Top Right) 1.3.2: Contenders (Bottom Right) 1.3.3: Visionaries (Top Left) 1.3.4: Specialists (Lower Left) 2\. Competitive Benchmarking 2.1: Product Portfolio Analysis 2.2: Financial Strength 2.3: Market Share Analysis 2.3.1: Market Share in Various Segments 2.3.2: Market Share in Various Regions 3\. Henkel Profile 3.1: Company Overview 3.1.1: Henkel Company Description and Business Segments 3.1.2: Henkel Company Statistics 3.2: Adhesives in the Composites Industry Business Overview 3.2.1: Adhesives in the Composites Industry Business Segment 3.2.2: Global Adhesives in the Composites Industry Operations 3.2.3: Key Differentiators and Strengths 3.3: Products and Product Positioning 3.3.1: Product Line Overview 3.3.2: Adhesives in the Composites Industry Product Mapping 3.3.3: Product Positioning in Market Segments 3.4: Markets and Market Positioning 3.4.1: Market Position in Global Adhesives in the Composites Industry Business 3.5: Revenue Breakdown by Market Segments 3.6: Revenue Breakdown by Regions 3.7: Production 3.7.1: Global Manufacturing Operations 3.8: Innovation and Market Leadership 3.9: Marketing, Sales, and Organizational Capabilities 3.9.1: Marketing and Sales 3.9.2: Management Commitment and Track Record 3.10: Financial Strength 4\. 3M Profile 5\. Momentive Profile 6\. Dow Profile 7\. Huntsman Profile 8\. SIKA AG Profile 9\. LORD Corporation Profile 10\. ITW Profile For more information about this report visit https://www.researchandmarkets.com/r/djpo44Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
(Bloomberg) -- Amazon.com Inc. and Mukesh Ambani’s Reliance Industries Ltd.’s fight for dominance of India’s lucrative e-commerce space is turning into a face-off, with both sides battling over the assets of a supermarket chain that could be key to their wider ambitions.Ambani and Jeff Bezos, two of the world’s wealthiest men, want the stores and warehouses of Future Retail Ltd., which has penetrated Indian cities and small towns with sales of everything from grocery to fashion and electronics. Amazon, which owns stake in a Future unit, and Reliance have in recent months made pacts with the Future Group, which they say are now being violated.Reliance intends to purchase Future Retail’s assets “without any delay,” the conglomerate’s unit said in a statement late Sunday, after a Singapore arbitration court restrained Future from going ahead with the transaction. Reliance had agreed to buy Future’s retail, wholesale, logistics and warehousing units for $3.4 billion in August, pushing Amazon to request an emergency hearing to stall it.In a separate statement Monday, Future Retail said it wasn’t party to the Singapore proceedings and the matter “will have to be tested” under Indian arbitration law.“One can expect legal proceedings to be initiated in Indian courts from both” Future and Amazon, said Amit Jajoo, a partner at law firm IndusLaw. “If Future Group is stopped from going ahead with the sale, effectively it also stops Reliance.”Amazon wants to block Reliance’s purchase of Future’s brick-and-mortar assets because such a deal would give Ambani unparalleled dominance in the only billion-people economy open to foreign firms. Bezos has bet more than $6 billion on India, and Future’s assets will allow it to reach small towns that house key consumers in a market estimated to swell to $1 trillion.Representatives for Amazon declined to comment beyond its Sunday statement, which welcomed the Singapore order and committed to an expeditious arbitration.Battle LinesAmazon drew the battle lines earlier this month when it accused Future of violating a contract between the two sides by agreeing to a buyout by Reliance. The deal would have been a bailout for Future, which faces another potential cash crunch as competition in the Indian retail space intensifies and the economy slows amid the coronavirus pandemic.Shares of Future Retail fell 5.1% in Mumbai on Monday. Reliance Industries Ltd., the conglomerate’s flagship, dipped 4%, the biggest decline since May that helped drag the benchmark Sensex index down 1.3%.A spokeswoman for the Seattle-based e-tailer told Bloomberg on Oct. 8 that it had initiated steps to enforce its contractual rights with Future, without giving more details. The deal between Reliance and Future, announced late August, is awaiting regulatory approval, which won’t necessarily be delayed by the Singapore court’s order.‘Very Attractive’Amazon agreed to purchase 49% of one of the Future Group’s unlisted firms last year, with the right to buy into their flagship, Future Retail, after a period of between three and 10 years. But about two months ago, rival Reliance announced it would buy the retail, wholesale, logistics and warehousing units of the indebted Future Group, almost doubling its footprint.In May, Amazon was considering increasing its stake in Future’s retail unit to as much as 49%, people familiar with the matter said at the time. But that transaction didn’t materialize in time for Future, seeing it instead cut a deal with Ambani’s refining-to-retail conglomerate.“Amazon is establishing itself as a reliable online retailer and to take their marketshare will need a huge effort from Reliance, which is not structured for online retail,” said K.S. Raman, a Mumbai-based retail adviser to the Consumer Electronics & Appliances Manufacturing Association. “But any online retailer will need strong offline support, and that’s why Future’s huge store presence is very attractive to them both.”(Updates shares in ninth 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.
Pop superstars The Beatles were handed MBEs at Buckingham Palace. (Oct. 26)
A plurality of voters in both said states thought Biden won Tuesday's debate and more than half disapproved of the president's behavior.
The political bromance between Boris Johnson and Donald Trump leaves Britain and its transatlantic "special relationship" exposed if Joe Biden wins next week, just as the country needs all the friends it can get.
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