As the world continues to face challenges in dealing with the Coronavirus (COVID-19) pandemic, we are taking steps to provide some safety measures to our clients and staff.
Given the wide-ranging impact of the pandemic and in line with advice from government and the World Health Organisation (WHO), limiting unnecessary human contact is an invaluable precaution. We therefore strongly encourage you to use our suite of digital tools and trading platforms for your financial needs. Digital platforms provide an efficient, fast, safe and nearly instantaneous solution to many, if not all your investing requirements, away from public spaces.
KEEPING EVERYONE SAFE
The safety of our employees and clients is something that we care deeply about. While the extent of COVID-19 is still unknown, our plans have the necessary flexibility to evolve as the situation requires.
As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. As soon as the situation changes, we will advise you, our valuable clients accordingly.
The widespread concern around COVID-19 creates the perfect opportunity for cybercriminals to defraud customers. To ensure protection against targeted ransomware and Malware attacks, remember to install the latest version of a Multi-layered Antivirus program and never share your account details online or via email.
Sharenet remains fully operational and should you experience any technical difficulty, rest assured that our superior support staff is ready to assist with any technical queries and can be reached on:
06h08 Tankers carrying
Iranian fuel cargoes covered by a U.S. warrant for seizure are
sailing to the United States after talks between U.S.
authorities and ship owners, a U.S. government source and a
shipping source said. . .
06h00 Top U.S. and Chinese
trade officials are expected to recommit to a Phase 1 trade deal
during a review on Saturday, even though China's promised
purchases of U.S. exports are far behind schedule.. . .
04h38 The owner of money-losing
shared office provider WeWork told employees on Thursday it has
slashed its cash burn rate almost in half from the end of last
year and obtained a $1.1 billion commitment. . .
04h24 China's commerce ministry said
on Friday it has started an anti-subsidy probe into imports from
the United States of polyphenylene ether, a polymer prized for
its heat resistance and used in the automotive and. . .
03h50 China plans to merge domestic
broker First Capital Securities with smaller rival
Capital Securities, three sources said, underscoring Beijing's
determination to consolidate the brokerage industry to take on
the giants of Wall Street.. . .
02h45 The U.S. government is
threatening to delist Chinese companies that do not meet U.S.
accounting standards, but mainland firms are rushing to offer
their shares on New York exchanges, sometimes in blockbuster
deals.. . .
01h28 The U.S. Treasury Department's
biggest auction ever of 30-year bonds met weak demand on
Thursday, as the market struggled to absorb debt aimed at
supporting an economy hit by the coronavirus pandemic.. . .
00h58 The U.S. government has for the first
time seized vessels allegedly loaded with Iranian fuel in
violation of sanctions imposed by the Trump administration, the
Wall Street Journal reported on Thursday, citing U.S.. . .
00h48 Brazil's JBS SA on
Thursday posted second-quarter net profits nearly twice as high
as the average of analysts' estimates, buoyed by a strong
performance in its beef and pork divisions in the United States
and. . .
00h32 Plant-based burger maker Impossible Foods
said on Thursday it secured $200 million in funding, less than
six months after it raised the largest investment ever for a
food tech startup, bringing total funds raised. . .
00h29 White House economic adviser
Larry Kudlow on Thursday said the Trump administration is
satisfied with China's progress in meeting commitments to
purchase U.S. goods in a Phase 1 trade deal, signaling that the
pact will. . .
00h19 Applied Materials Inc forecast
fourth-quarter revenue above analysts' estimates on Thursday as
demand rebounds for semiconductor equipment and services from
the coronavirus-driven slump, and predicted sustained spending
into 2021.. . .
13/08 Australian mining magnate Gina
Rinehart's Hancock Prospecting Pty is hoping a charm offensive,
from annual fundraising parties to local refurbishments at a
golf course, will help overcome opposition to a massive new coal
mine in. . .
13/08 Brazil-based JBS SA
, the world's largest meat-packer, posted net profit
of 3.378 billion reais ($629.3 million) in the second quarter,
nearly doubling the average of analysts' estimates in a
Refinitiv poll, according to an. . .
13/08 Applied Materials Inc forecast
fourth-quarter revenue above analysts' estimates on Thursday,
signaling a rebound in demand for semiconductor equipment and
services from supply chain disruptions caused by the COVID-19
pandemic.. . .
13/08 Israel and
the United Arab Emirates announced on Thursday that they will
normalise diplomatic ties and forge a broad new relationship, a
move that reshapes the order of Middle East politics from. . .
13/08 A California judge on Thursday refused to
give Uber Technologies Inc and Lyft Inc more
time to appeal his decision forcing them to classify drivers in
that state as employees, which they have said. . .
13/08 Benchmark U.S. Treasury yields
surged to seven-week highs on Thursday after the Treasury sold a
record amount of 30-year bonds to weak demand, the final sale of
$112 billion in new coupon-bearing supply this. . .
13/08 The agreement between Israel and
the United Arab Emirates will not secure peace in the region,
tweeted a special adviser on international affairs to the
speaker of Iran’s parliament, in reaction to a Thursday. . .
13/08 Chicago corn prices surged to a
four-week high on Thursday as forecasts of warmer weather and
worries over recent storm damage in the U.S. Midwest countered
pressure from huge government harvest forecasts.. . .
13/08 UBS Group AG's
Chairman for the Americas Bob McCann will step down later this
year after a nearly 40-year-career that included stints leading
U.S. brokerage operations for both UBS and Merrill Lynch,
according to an. . .
13/08 Hedge fund Bridgewater Associates
raised its investment in gold-backed exchange-traded funds by a
third in the second quarter, buying the equivalent of 170,000
ounces of gold worth $340 million at current prices, a
regulatory filing. . .
said on Thursday it has reached agreements costing nearly $3
billion to settle civil investigations by U.S. regulators and
lawsuits from vehicle owners stemming from a long-running probe
into software to cheat diesel emissions. . .
13/08 Wells Fargo & Co's compliance
chief is leaving after two years of trying to turn around the
scandal-plagued bank's internal oversight and risk management
functions, the Financial Times reported on Thursday, citing
people familiar with. . .
13/08 Increased transfer payments
and expanded liquidity measures aimed at companies should help
buffer U.S. households and businesses from the worst of the
economic crisis unleashed by the coronavirus pandemic in coming
months, the White House. . .
13/08 The U.S. push to fire up its economy in
the middle of a pandemic remained stalled last week with signs
the lapse of emergency unemployment benefits and business grants
may have begun taking a. . .
13/08 Shares of SoftBank-backed KE Holdings Inc
jumped 75% in their New York debut on Thursday, after
the Chinese online real estate broker raised $2.12 billion in
its initial public offering that was priced above. . .
13/08 White House economic adviser Larry Kudlow
on Thursday said he expects the U.S. unemployment rate to return
to single-digit levels as early as this month and growth in the
third quarter should be 20%. . .
13/08 The number of Americans
seeking unemployment benefits dropped below one million last
week for the first time since the start of the COVID-19 pandemic
in the United States, but that was likely as. . .
13/08 Policymakers, economists and investors
are turning increasingly to so-called high-frequency data to get
a more timely snapshot of the U.S. economy during the
fast-moving coronavirus pandemic than traditional monthly and
quarterly indicators can provide.. . .
13/08 The U.S. Agriculture Department
on Thursday said Chinese buyers booked deals to buy 197,000
tonnes of U.S. soybeans, the seventh weekday in a row that the
government has reported a sale to the world's. . .
13/08 New regulations took effect
on Thursday barring the U.S. government from buying goods or
services from any company that uses products from five Chinese
companies including Huawei Technologies, Hikvision and Dahua, a
U.S. official said.. . .
13/08 KE Holdings, operator of housing
platforms Beike Zhaofang and Lianjia, is open to a secondary
listing in Hong Kong or mainland China, after raising around $2
billion on Thursday in the biggest U.S. IPO. . .
13/08 Canada's main stock index fell on
Thursday, weighed down by energy stocks as crude prices weakened
after the International Energy Agency (IEA) cut its 2020
forecast for oil demand due to coronavirus-led travel
restrictions.. . .
13/08 Thermo Fisher has walked away
from its takeover deal with Qiagen after the German
genetic testing specialist's earnings were boosted by
coronavirus diagnostics, leaving its shareholders reluctant to
cash out.. . .
13/08 U.S. petroleum inventories show
clear signs of trending lower as consumption slowly recovers
from the epidemic and lockdowns, while Saudi Arabia restricts
production and directs volumes away from North America.. . .
13/08 NetSTREIT Corp said on Thursday
it had raised $225 million in its U.S. initial public offering
after the real estate company sold fewer-than-expected shares at
a price below its target range.. . .
13/08 The United States should waive
tariffs imposed on European Union goods because the bloc abides
by all World Trade Organization rules on planemaker Airbus
, Spain's trade minister said on Thursday.. . .
13/08 On July 7, the board of directors at
Texas fracking sand supplier Hi-Crush granted nearly $3 million
in bonuses to four top executives, including $1.35 million for
CEO and founder Robert Rasmus.. . .
13/08 Roper Technologies Inc said on
Thursday it would buy Vertafore Inc, a private equity-owned
insurance software vendor, for about $5.35 billion, in what
would be its largest takeover deal to date.. . .
13/08 China hopes the United States
will stop taking restrictive and discriminatory action against
Chinese firms and create conditions for the implementation of a
Phase 1 trade deal, Assistant Minister of Commerce Ren Hongbin
said on. . .
13/08 San Francisco's district attorney on
Wednesday filed a preliminary injunction against food delivery
firm DoorDash to reclassify its contractors as employees, days
after a judge granted a similar request in a case against
ride-hailing firms. . .
13/08 German minerals miner K+S on
Thursday said it had reached an agreement for a 350-million-euro
($412 million) loan to help it deal with the coronavirus crisis
while reporting quarterly core profit above forecasts. . .
13/08 China's ByteDance is in early talks with
Reliance Industries Ltd for an investment in its
video-based app TikTok's business in India, TechCrunch reported
on Thursday, citing sources.. . .
13/08 Oil major Chevron Corp said on
Wednesday it is investing in Zap Energy Inc, joining Italy's ENI
and Norwegian state oil company Equinor who
have also backed nuclear fusion startups to reduce their carbon
footprint.. . .
13/08 Wind turbines and solar panels
produced a record 10% of the world’s electricity in the first
half of 2020 as coal-power declined, but steeper change is
needed to meet targets set under the 2015. . .
13/08 The U.S. economic recovery will be slow
until the coronavirus is under control, and Americans will have
to manage life with the virus for at least the next several
months, three Federal Reserve policymakers. . .
12/08 Chevron Corp's $5
billion offer to acquire Noble Energy emerged after the U.S. oil
major first proposed taking a stake of at least 50% in Noble's
Eastern Mediterranean natural-gas fields, a proxy filing on
Tuesday. . .
12/08 Chicago Board of Trade corn and
soybean futures rose on Wednesday as short covering and position
squaring emerged after the U.S. Department of Agriculture
confirmed expectations for massive crops, traders said.. . .
12/08 Short-term home rental company Airbnb
Inc's quarterly revenue plunged 67% as fewer people traveled due
to the COVID-19 pandemic, but its plans for a stock market debut
before year's end are still on, Bloomberg. . .
12/08 U.S. Treasury yields dipped
from one-month highs on Wednesday after the Treasury saw good
demand for a record $38 billion auction of 10-year notes, but
they remained higher on the day ahead of a. . .
12/08 A federal judge in Missouri said on
Wednesday a group of hair salons and restaurants can sue their
insurance carrier for business interruption losses caused by the
coronavirus pandemic, which they say caused a. . .
12/08 U.S. farmers will reap their
biggest corn harvest and their second biggest soybean harvest
this fall as good summer weather shepherded the crops through
key phases of development, the U.S. Agriculture Department said
on Wednesday.. . .
12/08 The U.S. recovery has been "muted" by the
resurgence of the coronavirus in recent weeks and could mar
improvement in the unemployment rate, Dallas Federal Reserve
president Robert Kaplan said on Wednesday.. . .
12/08 The slowdown in economic activity is
likely to continue as states put more restrictions in place to
control the virus, and the momentum to return to full employment
could fade as consumers remain cautious,. . .
12/08 Goldman Sachs Group Inc is looking
to buy General Motors Co's credit card unit as it looks
to double down on its consumer banking arm, the Wall Street
Journal reported on Wednesday, citing people. . .
12/08 Duck Creek Technologies Inc, a
software company that serves the property and casualty (P&C)
insurance market, on Wednesday raised the price range for its
initial public offering (IPO) and expects to raise about $375
million.. . .
12/08 Off-price retailer Stein Mart Inc
filed for Chapter 11 bankruptcy protection on
Wednesday, becoming the latest apparel seller to crumble under
the economic stress caused by coronavirus-led lockdowns.. . .
12/08 U.S. consumer prices
increased more than expected in July, but high unemployment is
likely to keep inflation under control, allowing the Federal
Reserve to continue pumping money into the economy to aid the
recovery from. . .
12/08 There is growing understanding
among many countries that security issues must be taken into
account when developing new-generation 5G communication
networks, U.S. Secretary of State Mike Pompeo said on Wednesday.. . .
12/08 The coronavirus pandemic dealt a
relatively modest $2.5 billion blow to five insurers with large
U.S. operations in the second quarter - a cost that was far less
than feared and which the industry. . .
12/08 Foxconn, the world's largest
contract electronics manufacturer, posted a
better-than-expected quarterly profit and forecast its
smartphones business would see sustained revenue weakness but at
a slightly slower pace this quarter.. . .
12/08 Hong Kong's Cathay Pacific
Airways Ltd warned it did not expect a meaningful
recovery in passenger demand for some time due to the
coronavirus pandemic after posting a record first-half loss, but
signalled a brighter. . .
12/08 The COVID-19 pandemic has hit Black
Americans especially hard after decades of social and economic
injustices, but it also presents an opportunity for systemic
change, said financier Robert Smith, the wealthiest
African-American according to Forbes.. . .
12/08 Alibaba-backed Best Inc
is seeking a Hong Kong listing for its express delivery
and freight delivery businesses, keen to boost its valuation and
establish an investor base closer to China, said three sources
with knowledge. . .
12/08 Freenet is being
richly rewarded for its bet on Swiss telecom Sunrise
after backing Liberty Global's $7.4 billion takeover,
and will use most proceeds to pay down debt, CEO Christoph
Vilanek said.. . .
12/08 Eastman Kodak Co increased
spending on lobbying the U.S. government in the months before
the Trump administration announced a $765 million loan to the
photographic equipment maker, public disclosures filed with the
Congress show.. . .
12/08 The United States, European
Union, Canada and Switzerland, home to some of the world's
biggest food companies, have pressed Mexico to delay upcoming
health warnings on processed food and drinks, a World Trade
Organization document. . .
11/08 Monday's Derecho storm
potentially impacted some 10 million acres (4 million hectares)
of Iowa farmland and millions of bushels of grain storage in the
top U.S. corn growing state, Iowa Agriculture Secretary Mike
Naig said. . .
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