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Scientists hail dexamethasone as "major breakthrough" in treating COVID-19

福利网站Dexamethasone, a cheap and widely used steroid, has become the first drug shown to be able to save lives among COVID-19 patients in what scientists hailed as a "major breakthrough".

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Stocks are 'overvalued', but investors scream buy - BofA

A whopping 98% of investors surveyed by Bank of America believe markets are "overvalued" after world stocks bounced back from March lows at a record pace driven by government stimulus measures.

Cerberus vows no let up in push for change at Commerzbank

Cerberus will use "alternative paths" to force leadership change at Commerzbank if it continues to resist calls to reform, the activist investor said in a letter to Germany's second-biggest bank seen by Reuters on Tuesday.

For Nomura's shoe-leather sales force, an uncertain future after coronavirus

福利网站For years Nomura Holdings Inc has relied on an army of retail salespeople to peddle stocks and bonds to investors sitting on one of the world's largest pool of household savings, generating revenue even in the bleakest of markets.

Extension of G20 debt freeze may make PSI mandatory - JP Morgan

The Group of 20 wealthy economies may make private sector involvement mandatory if they extend debt payment holidays for the world's poorest countries beyond this year, analysts at JP Morgan said.

Intesa, BPER revise terms to try to clear antitrust hurdles to UBI deal

福利网站Italy's Intesa Sanpaolo has agreed to sell more branches and assets to rival BPER to try to overcome antitrust objections to its proposed takeover of UBI Banca .

Nationwide seeks 100 redundancies due to coronavirus - source

Britain's Nationwide Building Society has offered redundancy packages to around 200 staff with a view to around 100 accepting the offers, a source familiar with the matter told Reuters on Monday.

Commerzbank preparing to make more job cuts -board member

Commerzbank will announce "considerably" more branch closures and job cuts when it lays out its strategy review in August, a member of the bank's supervisory board said on Monday.

Recovery rally has further to run, so buy stocks - Morgan Stanley

Stock market gains have further to run and investors are still under-pricing the scale of the world's coronavirus recovery, investment bank Morgan Stanley said in an outlook note.

Italian bank BPER approves revised Intesa deal-source

Italian lender BPER Banca on Sunday approved a revised deal with Intesa Sanpaolo to address antitrust issues in Intesa's takeover bid for UBI Banca , a source close to the matter said.

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Business News

More than 600,000 lose work in UK as COVID hits jobs market

The number of people on British employers' payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, data showed on Tuesday.

Stock tear higher on record U.S. retail sales rebound

European airlines face longer haul to recovery