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General Motors said it may resume paying dividends next year after a recovery in the global car market drove its third-quarter profits higher. The Detroit automaker’s net income surged 74 per cent from the same period a year ago, even as revenue stayed flat at just under $36bn. Adjusted earnings per share climbed 65 per

President Donald J. Trump dances at the end of the rally just before he leaves. Ben Hasty | MediaNews Group | Getty Images SINGAPORE — Asia investors should focus on the strong data coming out of the region instead of the outcome of the U.S. election, said Aberdeen Standard Investments’ Head of Asian Sovereign Debt

Millions of mail-in ballots and extraordinarily narrow margins in several battleground states mean the results of the 2020 presidential election remain in the balance. To further complicate the outcome, President Donald Trump’s legal team spent much of Wednesday peppering several states with lawsuits in an attempt to stop the counting of ballots where his lead

Futures for big US technology stocks advanced in Asian trading on Thursday, as investors awaited results from some of the final battleground states that will decide the US election. Nasdaq 100 futures climbed 1.6 per cent while those for the S&P 500 rose 0.9 per cent, a day after US stocks posted their best ever

Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the outcome, short of getting anarchy in the street, that this would be good for stocks,” the

Joe Biden won Wisconsin and Michigan in two critical victories that boosted his chances of winning the presidential election as the Trump campaign demanded a recount in one of the states and launched lawsuits designed to delay vote counts. After Wisconsin and Michigan were called for Mr Biden, he reached 264 electoral college votes —

Joe Biden’s victory in Michigan late on Wednesday put the former Democratic vice-president within six electoral college votes of hitting the crucial 270-vote threshold to win the White House. It significantly narrowed the path for Donald Trump to win re-election, with just four battleground states undeclared, and Mr Biden in striking distance of winning several

Eric Platt and Colby Smith in New York and Katie Martin in London Fading expectations of a decisive election win for Joe Biden have boosted bonds and lifted the dollar as a set of trades based on a “blue wave” Democratic sweep of the White House and Congress stumbled. Investors had ramped up bets in

Lloyds Banking Group has unveiled a second round of job cuts, taking the number of reductions it has made since the pandemic began to more than 1,900, in a sign of the pressure coronavirus is piling on retail lenders. The bank said on Wednesday that about 1,040 positions would be eliminated — primarily in back-office

Fading expectations of a decisive presidential election win for Joe Biden have boosted bonds and lifted the dollar as a set of trades based on a “blue wave” Democratic sweep of the White House and Congress stumbled. Investors had bet in recent days that decisive Democratic victories in line with pre-vote opinion polls would spark

Elections are meant to resolve differences. But whichever of Donald Trump or Joe Biden prevails in the presidential race — at this point too close to call — will inherit a country in which roughly half the electorate rejects his legitimacy. It could get worse than that. As in 2016, a US presidential count looks

More than 100m Americans cast their ballots before election day, shattering previous records for early voting and putting the country on track for its highest voter participation rate in more than a century. The mail-in and early ballot total, tallied on Tuesday by the US Elections Project, is equivalent to almost 73 per cent of

Presidential results based on0 out of 538 electoral college votes calledChart showing Biden (Democrat) has won 0 electoral votes and Trump (Republican) has won 0 electoral votes0Joe BidenDEMOCRAT0Donald TrumpREPUBLICAN270 to win Electoral college votes by state US map showing electoral vote results by stateMEVTNHNYMAWACTMTNDMNMIWIRIORSDIDPAWYOHNJNVNEIAILINMDUTCOKSMODEWVAZOKDCARKYCAVANMNCTNGALAALSCAKMSTXHIFLBiden winTrump winYet to be called In most states, electoral votes are

Harry Dempsey Pinellas county in Florida, along the Gulf Coast to the west of Tampa, is a particularly accurate political bellwether: it has reliably picked the winner of each presidential election since 1980, with the exception of George W Bush in 2000, writes James Politi. Four years ago, Donald Trump won it by a little

A renewed presidency for Donald Trump is likely to be nowhere more consequential than for climate change. The coming decades will determine whether the threat of damaging and irreversible change is averted, or not. Without active US engagement, success seems inconceivable. Even with it, it would be unlikely. But, crucially, it would be conceivable. We

Cranes and diggers busily prepare land beneath the red and white-striped chimneys of the Mengtai Group coal-fired power plant at the northern city limits of Ordos, in northern China’s Inner Mongolia.  Privately owned Mengtai will soon add another two smoke stacks to the sprawling complex in an expansion that is the group’s biggest investment in

Peter Wells in New York The US reported one of its biggest single-day jumps in coronavirus infections since the start of the pandemic, adding nearly 83,000 new cases on Monday and another rise in hospitalisations. States reported a collective 82,895 cases on Monday, according to Covid Tracking Project data, up from 74,181 on Sunday and

Democratic officials in key swing states lashed out at Donald Trump after he pledged to mount a legal challenge before all the votes are counted as the US prepared for a chaotic election. Democrats fear Mr Trump is trying to boost his re-election chances by making baseless claims about voter fraud, in an effort to

Austria was rocked on Monday evening by multiple shootings across Vienna in what police described as a major terrorist incident. Police reported several injuries and at least one fatality in incidents across the capital, including an attack outside the city’s main synagogue. Video footage sent to the Financial Times by eyewitnesses recorded dozens of shots,

The global governmental response to the coronavirus pandemic has been rife with shortcomings that have prolonged the acute phase of the health crisis, “Black Swan” author Nassim Taleb told CNBC on Monday. “I think this is a case study of government worldwide incompetence in dealing with a problem and denial,” said Taleb, whose best-selling 2007

Sports stadiums blast out the refrain “I get knocked down, but I get up again” when players scramble to their feet after a tackle. But repeated tumbles make recovery slower. The outlook for swaths of business is grim as England prepares to follow France and Germany into national lockdown. A large chunk of equity is

Wall Street shares rebounded following last week’s rout, with investors repositioning their portfolios as Joe Biden holds a strong lead in national polling ahead of election day. The S&P 500 gained 1.2 per cent while the tech-focused Nasdaq rose 0.8 per cent. The S&P lost 5.6 per cent last week, in its worst week since

Trailing in the national polls, Donald Trump spent the final week of the US presidential campaign on a frenetic sprint across the country — a last-ditch burst of rallies that seemed impossible just a month ago when he was in hospital with Covid-19. In a desperate attempt to shift the momentum of the race, the

Jacinda Ardern has appointed the most diverse cabinet in New Zealand’s history, with indigenous Maori ministers making up a quarter of its 20-strong members, women taking eight posts and the nomination of a gay deputy prime minister. Although Labour won enough seats in the October 17 election to govern alone, the prime minister also handed

Donald Trump on Sunday launched an eleventh-hour blitz of five crucial swing states, as polls showed the president continuing to lag behind Democrat Joe Biden with less than 72 hours until polls close. As of Sunday afternoon, more than 93m ballots had been cast in the election, according to the US Elections Project, a database

Scott Atlas, who has emerged as one of US president Donald Trump’s chief advisers on the coronavirus pandemic, on Sunday apologised for accepting an interview with a broadcaster funded by the Russian government. “I recently did an interview with RT and was unaware they are a registered foreign agent,” Dr Atlas wrote on Twitter. “I

The New York Stock Exchange is on track to steal back the crown for US stock market listings from its rival Nasdaq this year after tapping into the booming market for blank cheque companies. Companies have raised $66bn through listings on NYSE this year compared with $61bn on Nasdaq, according to Dealogic, with nearly two-thirds

Ben Silbermann, co-founder and chief executive officer of Pinterest Tomohiro Ohsumi | Bloomberg | Getty Images The U.S. Presidential election is only days away, and Wall Street is bracing for market turbulence. However, given the lingering uncertainty, it’s unclear whether market volatility could persist post-election. “Time will tell if expected volatility turns into realized market

Belarus opposition leader Svetlana Tikhanovskaya has called on the EU to step up sanctions against the regime of strongman Alexander Lukashenko, who has faced months of protests since claiming victory in August’s deeply flawed presidential election. Ms Tikhanovskaya, who was forced to flee the country after disputing the result, welcomed the action taken by the

Anji Clarke, landlady of a 150-year-old pub in north London, noticed big changes to her shopping habits after the UK introduced the first coronavirus lockdown in March. She switched some of her purchases to “the dreaded Amazon”, became a connoisseur of hand sanitisers and disinfectant wipes, and snapped up flour for baking while stuck at