US elections: Investors react to first Trump-Biden presidential debate

US elections: Investors react to first Trump-Biden presidential debate


SINGAPORE (Reuters) – Republican President and Democratic rival sparred on stage for the first time on Tuesday in a pivotal debate ahead of the Nov. 3 U.S. presidential election.


S&P 500 index futures dropped 0.5% after the heated and chaotic debate ended, erasing earlier gains of 0.7%.


With more than a million Americans already casting early ballots, the debates kick off as investors worry about prolonged uncertainty if Trump were to lose, after his refusal to commit to accepting the election outcome.


For Reuters’ main story on the debate, click on


 


 


Here are analysts’ reactions:


 


SHANE OLIVER, HEAD OF INVESTMENT STRATEGY, AMP CAPITAL, SYDNEY


“I didn’t see a lot in there on the policy front to change things fundamentally from what was already known.

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Amazon Promoting Small Business Sellers with $10 Prime Day Credit

Amazon Promoting Small Business Sellers with $10 Prime Day Credit

Amazon has launched a new initiative designed to promote small business sellers. Prime members who purchase $10 in products from a small business selling on Amazon will earn a $10 credit to spend on Prime Day.

The promotion is taking place between September 28, 2020 and October 12, 2020. Consumers can shop for eligible products from a range of categories, including home and kitchen, jewelry, books, grocery, and more. The $10 credit can be redeemed on Prime Day. Prime Day takes place at 12.00am (PT), October 13, 2020 to 11.59pm (PT), October 14, 2020.



Buy from Small Businesses on Amazon to Earn Prime Day Credit

For small businesses, selling on Amazon can be a lucrative move. Research shows small business owners are 2.5 times likelier to register 25%-plus growth than those not selling in Amazon stores. 34% of small businesses selling on Amazon have witnessed 25% – 50% of growth.

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RBI defers CCB implementation by six months due to Covid-19 pandemic

RBI defers CCB implementation by six months due to Covid-19 pandemic


The Reserve Bank on Thursday deferred the implementation of the capital conservation buffer (CCB) requiring to set aside additional reserves of 0.625 per cent by a further six months due to the COVID-19 pandemic.


The implementation of the regulations was to happen by September 30, and the same has been now deferred to April 1, 2021, the said in a notification.



“In view of the continuing stress on account of COVID-19, it has been decided to defer the implementation of the last tranche of 0.625 per cent of the CCB from September 30, 2020 to April 1, 2021,” it said.


Accordingly, the minimum capital conservation ratios shall continue to apply till the CCB attains the level of 2.5 per cent on April 1, 2021, the said.


The pre-specified trigger for loss absorption through conversion/

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Amnesty International shuts India operations, says govt ‘freezing dissent’

Amnesty International shuts India operations, says govt ‘freezing dissent’


Over a week after the froze the bank accounts of in India, the organisation has shut its Indian operations with several human rights projects set to be stalled. The development has also led to the laying off of around 150 employees across India and paused several research works.


“The continuing crackdown on India over the last two years and the complete freezing of bank accounts is not accidental. The constant harassment by government agencies including the is a result of our unequivocal calls for transparency in the government, more recently for accountability of the Delhi police and the Government of India regarding the grave human rights violations in the Delhi riots and Jammu & Kashmir,” Avinash Kumar, Executive Director of India said in a statement.



The (ED) began proceedings

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Govt opens dumping probe on Malaysia, Vietnam, Thai copper tube imports

Govt opens dumping probe on Malaysia, Vietnam, Thai copper tube imports


NEW DELHI (Reuters) – India is investigating imports of tubes and pipes from Malaysia, and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said.


The investigation by India’s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said a government circular posted on Friday.



The probe covers imports shipped between April 1, 2019 and March 31, 2020.


“The Authority has also received the import data of customs of the subject goods during the past four years which indicate increased imports mainly from Malaysia, and collectively account for more than 90% of total imports of subject goods,” the circular said.


In a statement to Reuters, the Vietnamese foreign ministry said strictly adhered to World Trade Organization

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The Top Tech Myths People Believe in 2020

The Top Tech Myths People Believe in 2020

The rapid development of technology often captures our imaginations to the extent that we are ever wearier of tech taking over the world. This has helped one too many tech myths to be spun and circulate across the internet.

Tech Myths of 2020

In its annual survey Highspeedinternet.com has identified some of the most popular tech myths popular among Americans in 2020.  

From fears of radiation to myths about 5G and others, here is how the myths stack up:

  • A whopping 86% believe that 5G internet will replace 4G internet.
  • A third 33% of Americans believe low-Earth orbit satellites could ruin the view of the night sky.
  • A quarter of Americans believe that 5G towers can make you sick.
  • 17% of Americans think Macs can’t get viruses.

As in previous years, Highspeedinternet.com has also helped dispel these myths. For one, 5G’s radiation is not strong enough to make humans sick.

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