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Money › Finance

3M Stock Is a ‘Sell’ Because a Blue Wave Could Mean Trouble

Barrons | Jan 7, 2021 at 11:11 PM

Bank of America analyst Andrew Obin said Democratic control of Congress might mean more environmental liabilities for the industrial conglomerate.

Thailand Skipped Lockdown to Save Economy, But Growth Takes Hit

Bloomberg | Jan 7, 2021 at 10:00 PM

Thailand’s latest virus outbreak is likely to crimp consumer spending and delay a tourism revival, prompting warnings the economy may undershoot expectations for a rebound this year and next.

Provinces Kick Off Local Bank Bailouts With Initial $7.8 Billion Injection

Caixin Global | Jan 7, 2021 at 9:32 PM

China’s strategy to beef up weak local banks and provide them with funds to increase lending has taken a step forward with five provincial governments raising 50.6 billion yuan ($7.84 billion) over the past month through the sale of special-purpose bonds (SPBs) after the State Council gave the policy the green light in July.

Qatar Banks Agree to $2.2 Billion Deal to Leapfrog Larger Rivals

Bloomberg Quint | Jan 7, 2021 at 9:23 PM

Masraf Al Rayan QSC agreed to share-swap deal with Al Khalij Commercial Bank PQSC in a transaction that will create Qatar’s second-largest lender, following a wave of bank mergers and acquisitions in the Middle East.

Taiwan Is Doing Everything Possible to Avoid Negative Yields

Bloomberg | Jan 7, 2021 at 9:00 PM

As the world’s pile of negative-yielding debt rose to a record $18 trillion in December, authorities in Taiwan were working hard to keep the government’s bond yield above zero.

Roku Stock Is Climbing Because It Won Streaming

Barrons | Jan 7, 2021 at 8:47 PM

Needham’s Laura Martin raised her Roku price target to $400 from $315 in a note, maintaining a Buy rating.

Bank of Punjab, Akhuwat Islamic Microfinance sign MoU

The Nation | Jan 7, 2021 at 8:42 PM

LAHORE    –  The Bank of Punjab (BOP) and Akhuwat Islamic Microfinance (AIM) have signed an MoU to provide financing to applicants referred by Akhuwat under Prime Minister’s Kamyab Jawan Entrepreneurship Scheme.

Biden Picks California Official Isabel Guzman to Head SBA

Bloomberg | Jan 7, 2021 at 8:21 PM

President-elect Joe Biden announced Thursday that he picked California official Isabel Guzman to lead the Small Business Administration.

No hidden rise in overall deaths during Covid months

Luxembourg Times | Jan 7, 2021 at 8:03 PM

WHO warns Europe is probably in the most acute phase of the disease right now

SoFi to go public in latest blank cheque deal from Social Capital

Financial Times | Jan 7, 2021 at 7:06 PM

…investors typically buy into a Spac. Clover Health, a medical technology company that went public via a merger with Social Capital Hedosophia III, will start trading on Friday. But Spacs have also drawn…

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