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(RTTNews) - The China stock market has finished lower in two straight sessions, sliding more than 25 points or 0.7 percent along the way. The Shanghai Composite Index now sits just above the 3,270-point plateau and it may extend its losing streak on Friday. The global forecast for the Asian markets is soft on concerns over the economic recovery following the COVID-19 pandemic. The European and U.S. markets were down and the Asian markets are tipped to open in similar fashion. The SCI finished modestly lower on Thursday following losses from the properties and oil companies, while the financials and insurance companies were mixed. For the day, the index lost 13.49 points or 0.41 percent to finish at 3,270.44 after trading between 3,248.50 and 3,290.41. The Shenzhen Composite Index rose 1.76 points or 0.08 percent to end at 2,186.99. Among the actives, China Construction Bank collected 0.33 percent, while China Merchants Bank shed 0.50 percent, Bank of Communications fell 0.22 percent, C

Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides, and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange ahead of Virgin Galactic trading on October 28, 2019. The company was taken public through a SPAC. Brendan McDermid/ReutersSPACs used to be a small segment of the market, but elite law firms have flocked to the sector in 2020. They stand to make millions on deal advice. Such companies often pay around $300,000 for legal advice on their IPOs, and the eventual merger often results in legal fees that can be 3 to 5 times what it cost to go public, attorneys say. Underwriters, sellers and investors often have to retain their own lawyers, creating more work for the fees aren't often disclosed. Visit Business Insider's homepage for more stories. Special purpose acquisition companies have taken 2020 by storm, and it's not just the banks that are cashing in. Law firms stand to collect more than $30 million in fees fro

Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook's proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign and how it handles its users’ data and privacy. Chip Somodevilla | Getty Images News | Getty Images Facebook CEO Mark Zuckerberg on Thursday outlined to employees a new set of principles to guide debates and conversations within Workplace, the company's internal social network. Zuckerberg outlined the changes to address "a lot of very tense conversations happening out in the world," according to company spokesman Joe Osborne. The new principles follow a set of similar changes at Google, which is increasing the moderation of its internal message boards, CNBC reported earlier this week.  "We deeply value ex

MONTREAL, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Dominion Water Reserves Corp. (“DWR- CSE”), a holding company with water reserves and operations across Quebec proudly announces further development of its unique glacier water source as part of its strategic asset and growth strategy. This unique reserve of esker water is one of only two permitted esker reserves in Quebec, with an anticipated annual permitted volume of nearly 1 billion liters. Coupled with DWR’s 25-year water sale contract with Aquanor, DWR will be distributing and selling this exceptional quality and specialised esker water in packaging that features recyclable bags in 1.5L formats. This fully recyclable packaging, in line with DWR’s environmental consciousness, features a box containing 6 or 9 bags of 1.5L water. This packaging process unique to Aquanor results from an on-site installation featuring a 1500L reservoir and 500 gallon per minute pump. This strategically located esker reserve exhibits exceptional water qualit

LONDON (REUTERS) - US Democratic presidential candidate Joe Biden has warned the United Kingdom that it must honour the Northern Irish peace deal as it extracts itself from the European Union or there will be no US trade deal. "We can't allow the Good Friday Agreement that brought peace to Northern Ireland to become a casualty of Brexit," Mr Biden said in a tweet. "Any trade deal between the US and UK must be contingent upon respect for the Agreement and preventing the return of a hard border. Period." Prime Minister Boris Johnson unveiled legislation last week that would break parts of the Brexit divorce treaty relating to Northern Ireland, blaming the EU for putting a revolver on the table in trade talks and trying to divide the United Kingdom. Mr Biden retweeted a letter from Mr Eliot Engel, chair of the Foreign Affairs Committee of the US House of Representatives, that called on Mr Johnson to honour the 1998 Good Friday peace deal. Mr Engel urged Mr Johnson

(RTTNews) - The China stock market on Wednesday snapped the three-day winning streak in which it had gained more than 55 points or 1.8 percent. The Shanghai Composite Index now sits just beneath the 3,285-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets is mixed to lower after the Federal Reserve downgraded its GDP forecast. The European markets were mixed and the U.S. bourses were mostly in the red and the Asian markets also figure to open lower. The SCI finished modestly lower on Wednesday as losses from the insurance companies were mitigated by support from the financial shares and property stocks. For the day, the index lost 11.76 points or 0.36 percent to finish at 3,283.92 after trading between 3,271.07 and 3,302.46. The Shenzhen Composite Index dropped 20.14 points or 0.91 percent to end at 2,185.22. Among the actives, Industrial and Commercial Bank of China collected 0.41 percent, while China Construction Bank rose 0.16 percent,

LIVERMORE, Calif., Sept. 16, 2020 (GLOBE NEWSWIRE) -- UNCLE Credit Union, serving four counties in the eastern region of the San Francisco Bay Area and Central Valley, is proud to announce that Charles Crohare has been appointed to lead the organization’s business banking initiatives. As AVP, Business Banking Manager, Crohare will focus on expanding the role of the credit union as a vital resource and trusted financial partner for local small businesses. “An industry veteran of over three decades and fourth-generation stakeholder of a family-operated agribusiness with deep roots in his Livermore Valley hometown, Charles brings a wealth of expertise as a banking executive and business owner to the program,” said UNCLE Credit Union Senior Vice President of Member Services, Dree Johnson. “His unique background has contributed to an exceptional ability to perceive and successfully address the big-picture financial needs and challenges of those whose livelihoods are based on owning or runni