NEW YORK: Wall Street and financial industry executives urged caution as no clear winner emerged in the hours after polls closed in the 2020 US presidential election, threatening a drawn-out count that keeps markets and businesses hanging. 

LONDON: Volatility gripped financial markets yesterday with the US election outcome clouded by huge uncertainty. European stock markets, which opened sharply lower after President Donald Trump said he would go to the Supreme Court to dispute the US vote count, turned higher in late morning deals.

HONG KONG: Hong Kong’s “mom and pop” investors had been looking forward to an instant jackpot via Ant Group’s record-busting $34 billion IPO. 

KUWAIT: The Ministry of Health announced yesterday registering 763 new coronavirus (COVID-19) infections in the past 24 hours, raising the total to 128,843. Deaths reached 794 with the addition of five fatalities. 

FRANKFURT: German pharmaceuticals and chemicals giant Bayer yesterday posted another huge loss in its third quarter as it struggles to manage legal issues surrounding its glyphosate weed killer linked by plaintiffs to cancer cases. 

SYDNEY: Australia’s central bank trimmed interest rates to near zero yesterday and ramped up its bond-buying plans in a much-needed salve to aid economic recovery from the country’s worst downturn in a generation. 

WASHINGTON: US manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years amid a shift in spending toward goods like motor vehicles and food as the COVID-19 pandemic drags on. 

KUWAIT: Zain Group, the leading telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the third-quarter (Q3) and nine-month periods (9M) ended 30 September, 2020. 

KUWAIT: Kuwait’s Central Blood Bank yesterday appealed to all those recovering from COVID-19 to donate blood in order to meet the growing demand for immune plasma.