Indian Rupee Rises to Three-Month High on Strong Inflows

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Indian Rupee Rises to Three-Month High on Strong Inflows

The Indian rupee rose to the highest in more than three-months as strong inflows continued to buoy the currency amid expectations that the central bank may be slowing its dollar purchases. The rupee rose as much as 0.6% to 74.5562 to a dollar, its highest …
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Wall Street sees Exxon paring asset values on weakening demand

HOUSTON (Reuters) – Exxon Mobil Corp (XOM.N) assets are likely overvalued in light of weak oil-demand outlook, according to Wall Street analysts, and face write-downs as soon as this month. A roughly 30% drop in global fuel demand from the COVID-19 …
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Sprint 5G is no more, as T-Mobile focuses on its own network

A day after formally completing the sale of Boost, Virgin and other Sprint prepaid networks to Dish, T-Mobile is pulling the plug on Sprint 5G. The move is one in a long list of issues that need sorting out in the wake of April’s $26.5 billion merger. And like a …
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Bloomberg Wall Street Week: Reich, Boom, McChrystal (Podcast)

Former Treasury Secretary Lawrence H. Summers warns that the spike in cases is the new normal until the U.S. Gets a vaccine. Running time 32:17.
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8 Hawaiian Airlines employees test positive for coronavirus

Eight Hawaiian Airlines employees, who recently attended flight attendant training at the carrier’s Honolulu headquarters, tested positive this week for coronavirus after feeling ill. Hawaiian spokesman Alex Da Silva confirmed today that among the infected …
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