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FP Trading Desk (Canada) 05/31/2020 22:26
SEOUL — South Korea’s Celltrion Inc said on Monday its experimental treatment of COVID-19 demonstrated a 100-fold reduction in viral load of the disease in animal testing. Drugmakers worldwide are rushing to develop treatments and vaccines for the illness that has caused more than 371,000 deaths globally. The pre-clinical study of the drug showed improved […]
FP Trading Desk (Canada) 05/31/2020 22:21
SYDNEY — Australia’s three decades of uninterrupted prosperity are coming to an abrupt end as the global coronavirus pandemic crashes one of its most lucrative sources of income – immigration. The country has been successful in managing the outbreak and reopening its A$2 trillion ($1.33 trillion) economy, thanks in part to an early closure of […]
FP Trading Desk (Canada) 05/31/2020 21:01
NEW YORK — Target Corp and Walmart said on Sunday they shuttered stores across the United States as retailers already reeling from closures because of the coronavirus pandemic shut outlets amid protests that included looting in many U.S. cities. Protests turned violent in places including New York and Chicago following the death in Minneapolis of […]
FP Trading Desk (Canada) 05/31/2020 20:32
SEOUL — South Korea’s manufacturing activity shrank at the sharpest pace in more than a decade in May, as worldwide lockdowns continued to weigh on demand and production, dashing hopes of a near-term recovery from the coronavirus crisis. The IHS Markit purchasing managers’ index (PMI) edged down to 41.3 in May, the lowest since January […]
FP Trading Desk (Canada) 05/31/2020 20:16
Bloomberg News (Bloomberg) — China is quietly reinforcing its car industry, pushing a range of support measures and levers to help salvage its world-leading push into electric vehicles. The coronavirus pandemic and oil-price slump slammed the nascent industry for EVs, which until this year looked like the undisputed future of transportation. Sales have declined for […]
FP Trading Desk (Canada) 05/31/2020 17:28
(Bloomberg) — U.S. stock futures fell as investors weighed the violent protests in some American cities that have stoked concerns about a reacceleration in infection rates and a damper on the economic recovery. The yen and gold edged up. S&P 500 futures opened lower. With Amazon scaling back deliveries and Apple closing some stores Sunday, […]

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