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06h50 China stocks dropped on Wednesday
on worries that policy makers would shift to a tighter stance to
cool gains in share prices and property markets after the
week-long Lunar New Year holiday.
** At the. . .
06h37 The dollar was stuck on the back
foot against major peers on Wednesday as markets wait on
comments from Federal Reserve Chair Jerome Powell, who is likely
to renew a commitment to ultra-easy policy.. . .
06h35 The Bank of Japan's holdings of
exchange-traded funds (ETF) is likely reaping unrealised profits
of around 12-13 trillion yen ($116 billion-125 billion), BOJ
Governor Haruhiko Kuroda said on Wednesday.. . .
06h16 Gold prices edged lower on Wednesday,
weighed by a firmer dollar, as markets awaited the U.S. Federal
Reserve's monetary policy decision and developments around a
stimulus package in the world's largest economy.. . .
06h15 Indian shares opened lower on
Wednesday, weighed down by heavyweight Reliance Industries after
U.S. e-commerce giant Amazon.com requested a court to block
Future Group's $3.4 billion retail asset sale to the
conglomerate.. . .
06h05 Thailand's manufacturing
production index (MPI) in December dropped a more than expected
2.44% from a year earlier, dragged down by lower production of
petroleum, sugar and rubber, the industry ministry said on
Wednesday.. . .
05h44 Asian equities slipped on
Wednesday as investors looked to the Federal Reserve's guidance
on its monetary policy while futures for U.S. tech shares jumped
after strong earnings from Microsoft.. . .
05h15 Hong Kong private home prices,
among the most expensive in the world, eked out a tiny gain in
2020 amid the coronavirus pandemic, data showed on Wednesday,
barely extending a run of increases dating. . .
05h12 The Australian and New Zealand
dollars were again challenging chart resistance on Wednesday as
their U.S. counterpart waned and domestic data extended their
recent habit of surprising on the upside.. . .
05h00 Top securities regulator in Massachusetts
thinks trading in GameStop Corp stock, which skyrocketed
for a fourth straight day, suggests there is something
"systemically wrong" with the options trading surrounding the
stock, Barron's reported https://bit.ly/3iRbdRB on. . .
04h50 South Korea's central bank is
expected to keep its policy interest rate at the
current 0.50% "all the way through 2022," the Asia-Pacific chief
economist at S&P GLobal Ratings said on Wednesday.. . .
04h42 Japanese stocks gained on
Wednesday as hopes rose for better corporate earnings after the
International Monetary Fund raised its forecast for global
growth, while shares of Nikko Denko raced to the top of the
Nikkei. . .
04h42 Chicago corn futures rose to a
two-week high on Wednesday as China's purchase of U.S. supplies
of the grain hit the highest level since July, while slow
harvesting in Brazil due to rains supported. . .
04h32 Oil prices climbed on
Wednesday after industry data showed U.S. crude stockpiles fell
unexpectedly last week and China, the world's second-biggest oil
user, reported its lowest daily rise in COVID-19 cases,
bolstering hopes of a. . .
03h33 Chinese oil majors will
struggle to extend fast growth in shale gas production beyond
2025, as complex geology and failure to draw in more investors
make it expensive to develop the unconventional resource.. . .
03h21 Leading Japanese logistics firm
Nippon Express Co said on Wednesday it was considering
selling its headquarters building in Tokyo, a sale which the
Yomiuri newspaper reported could fetch more than 100 billion yen
($965 million).. . .
03h14 Australian consumer prices rose a
little faster than forecast last quarter as the unwinding of
COVID-19 subsidies and higher tobacco taxes made an outsized
impact, yet core inflation remained very much subdued.. . .
03h05 There is a high risk of a
resurgence in COVID-19 infections derailing the world economy
this year, according to a firm majority of economists in a
Reuters poll, who forecast global GDP would reach. . .
03h00 U.S. natural gas inventories
remain elevated, but the surplus to the five-year average has
been shrinking, despite milder than normal weather this winter,
signalling the market is tightening and prices are likely to
rise in. . .
02h47 Advanced Micro Devices on Tuesday
beat quarterly revenue estimates and forecast robust 2021 sales
on strong demand for its chips used in PCs, data centers and
gaming consoles from companies and customers adapting to. . .
02h35 Australia's December-quarter
consumer price index (CPI) figures, including two of the several
underlying measures that the central bank looks at, released by
the Australian Bureau of Statistics on Wednesday.
CPI. . .
02h15 Australian shares slipped on Wednesday
from an 11-month peak scaled in the previous trading session,
dragged down by big miners and energy stocks, while investors
awaited inflation data and outcome of the U.S. Federal. . .
02h13 The United States aims to
acquire an additional 200 million doses of COVID-19 vaccines,
President Joe Biden said on Tuesday, enough to inoculate most
Americans by summertime, as he races to curb a pandemic. . .
02h01 Britain and Switzerland will
press on with plans to strike a trade deal for their vast
financial services industries, finance minister Rishi Sunak said
on Wednesday ahead of talks with his Swiss counterpart.. . .
01h16 Amateur investors piled further into
niche stocks on Tuesday, sending professional short sellers
scrambling to cover losing bets, with GameStop
skyrocketing for a fourth straight day, thanks in part to Elon
Musk.. . .
01h13 Microsoft Corp on Tuesday
reported its Azure cloud computing services grew 50%, the second
quarter of acceleration in a business that had begun to slow as
the global pandemic benefited the software maker's investment. . .
01h12 Goldman Sachs Chief
Executive David Solomon's annual pay fell by $10 million, or
36%, in 2020, according to regulatory disclosures filed Tuesday,
reflecting the bank's role in Malaysia's 1MDB scandal.. . .
00h59 Technology investor Chamath Palihapitiya,
the early Facebook Inc executive and minority owner of
the Golden State Warriors basketball team, threw his hat in the
ring on Tuesday to replace Gavin Newsom as governor of
California.. . .
00h45 A blank-check acquisition firm backed by
veteran investment banker Alan Mnuchin is in talks to merge with
digital health startup Sharecare Inc and take it public, people
familiar with the matter said on Tuesday.. . .
00h37 Papua New Guinea-focused Oil Search Ltd
said on Wednesday it expects 2021 to be another
challenging year and forecast lower annual output due to planned
maintenance activity at the PNG liquefied natural gas (LNG)
plant.. . .
00h28 Apollo Global Management Inc
shares surged more than 7% on Tuesday after the
resignation of CEO Leon Black, which investors viewed as
bolstering the private equity firm's fundraising efforts.. . .
00h13 U.S. Treasury yields were
mostly down in choppy trading on Tuesday, after earlier hitting
three-week lows on the long end of the curve, as investors
remained cautious about the size of a proposed U.S.. . .
26/01 Global stocks slipped from
record levels on Tuesday, with investors cautious as the Federal
Reserve kicked off its two-day policy meeting and U.S. lawmakers
continued to debate a new stimulus plan.. . .
26/01 Volkswagen AG and
a German auto supplier on Tuesday asked the U.S. Supreme Court
to reverse a lower-court ruling that said two counties could
seek financial penalties over excess diesel emissions that could
total billions. . .
26/01 Serbia plans to spend about 2.5
billion euros ($3.04 billion) in loans and subsidies to
businesses and payments to pensioners and other citizens to help
them cope with the economic impact of the coronavirus,. . .
26/01 Individual investors continued to pile
into niche stock market plays on Tuesday, causing a scramble by
short-seller funds to cover losing bets, with companies like
GameStop skyrocketing for the fourth straight day even
as. . .
26/01 The Biden administration will
purchase 200 million more coronavirus vaccines and funnel more
to states now, in a bid to deliver on the U.S. president's
promise to curb the pandemic, a senior administration official
said. . .
26/01 Advanced Micro Devices forecast
current-quarter and full-year revenue above analysts' estimates
as a coronavirus-led shift to working and playing from home
drives demand for its chips used in PCs, data centers and gaming
consoles.. . .
26/01 The S&P and Nasdaq slipped on
Tuesday from record closing levels as investors digested a batch
of corporate earnings results, while an expected policy
announcement from the Federal Reserve on Wednesday helped to
limit moves.. . .
26/01 Ecuador's state-run oil company,
Petroecuador, on Tuesday responded to the exit of several big
European banks from financing the Amazon oil trade by saying it
compensates communities for environmental impact associated with
infrastructure development.. . .
26/01 Companies will press ahead with
some new liquefied natural gas (LNG) projects despite pressure
on lenders to divert funding from fossil fuels, industry
executives said at the annual European Gas Conference, but
scrutiny of their. . .
26/01 The U.S. dollar edged lower
across the board as traders showed a preference for riskier
currencies on Tuesday, a day after worries over vaccine rollouts
and the outlook for U.S. fiscal stimulus boosted demand. . .
26/01 Saudi Arabia said it will allow
payment for the issuance and renewals of work permit-related
residencies to be made on a quarterly basis instead of an annual
lump sum basis, SPA reported on Tuesday,. . .
26/01 Venezuelan state oil company PDVSA's
inventories of its main export crude grade dipped
this week to their lowest levels since late November, internal
company documents seen by Reuters showed.. . .
26/01 President Joe Biden believes
the Nord Stream 2 natural gas pipeline is a "bad deal for
Europe" and his administration will be reviewing restrictions on
the project included in a bill that passed during. . .
26/01 The United Kingdom's COVID-19 death toll
passed 100,000 on Tuesday, while delivery cuts and delays in
roll-outs of vaccines prompted Europe to urge pharmaceutical
companies to honour their commitments as talk of protectionism
and hoarding. . .
26/01 The Canadian dollar strengthened
against its U.S. counterpart on Tuesday, recovering from an
earlier eight-day low, as corporate earnings bolstered Wall
Street and the greenback broadly declined.
The loonie. . .
26/01 The International Monetary
Fund on Tuesday raised its forecast for global economic growth
in 2021 and said the coronavirus-triggered downturn last year -
the biggest peacetime contraction since the Great Depression -
would be nearly. . .
26/01 General Electric Co on
Tuesday offered an upbeat outlook for its business this year
after reporting a surge in quarterly free cash flow, showing
Chief Executive Larry Culp's turnaround plan is gaining
traction.. . .
26/01 UniCredit is set to name
Andrea Orcel as chief executive, a person familiar with the
matter said on Tuesday, putting one of Europe's best-known
dealmakers at the helm just as the coronavirus crisis is. . .
26/01 NextEra Energy Inc, the world's
largest producer of wind and solar energy, said on Tuesday it
would invest more in renewable power generation, hoping to make
the most of a global transition from dirty. . .
26/01 Algeria's state oil and gas
company Sonatrach expects to increase production and sales in
2021, the North African nation's state news agency cited Chief
Executive Officer Toufik Hakkar as saying on Tuesday.. . .
26/01 Thousands of users across the U.S. East
Coast faced widespread internet outage from providers including
Verizon Communications Inc on Tuesday, disrupting
services offered by Google, Amazon, Zoom, Slack and other tech
firms.. . .
26/01 Brazil's state-run oil
company, Petrobras, said in a statement on Tuesday it has
approved Rodrigo Costa Lima e Silva as the firm's new refining
head, after signing off on the exit of Anelise Lara. . .
26/01 U.S. Treasury yields were
narrowly mixed in choppy trading on Tuesday, after hitting
three-week lows on the long end of the curve, as investors
remained cautious about the size of a proposed U.S. stimulus
package. . .
26/01 Brazil's real rose 2.2% on Tuesday in
catch-up trade after a long weekend, although sentiment in Latin
America was dampened by increased COVID-19 infections and
concerns over fiscal health in the region.. . .
26/01 Independent U.N. sanctions
monitors accused Yemen's government, in a report seen by Reuters
on Tuesday, of money-laundering and corruption "that adversely
affected access to adequate food supplies" and said the Houthi
group collected at least. . .
26/01 Tesla's quarterly report on
Wednesday could trigger a $7 billion options payout to Chief
Executive Elon Musk, while owners of the electric car maker's
soaring stock are keen to hear the company's target for. . .
26/01 U.S. President Joe Biden's
proposed $1.9 trillion economic stimulus package could boost
U.S. economic output by 5% over the next three years, the chief
economist of the International Monetary Fund said on Tuesday,
citing preliminary. . .
26/01 Gold prices edged lower on Tuesday on
concerns over a fresh U.S. coronavirus aid package, while a
slightly weaker dollar and subdued treasury yields limited
losses and investors kept a close eye on the. . .
26/01 Europe urged pharmaceutical
companies on Tuesday to honour their commitments to supply
coronavirus vaccines, as delivery cuts and delays dim hopes of a
quick fix to COVID-19 and increase talk of protectionism and
hoarding.. . .
26/01 Aviva has set late February
deadlines to receive final offers for its operations in France
and Poland - a deal that would help the British insurer
streamline operations and raise an overall 5.5 billion. . .
26/01 American Express Co said on
Tuesday it expects an uptick in holiday travel this summer, but
not business travel, as it seeks to recover from a year which
dented airline traffic and hotel bookings,. . .
26/01 The bosses of airlines including
British Airways, Virgin Atlantic and easyJet criticised on
Tuesday a possible plan for mandatory quarantine in hotels for
some or all arrivals to Britain and called for a support
package.. . .
26/01 U.S. consumer confidence rose
moderately in January while lingering concerns about the
COVID-19 pandemic led to a further deterioration in households'
perceptions of the labor market, raising the risk of a second
straight month of. . .
26/01 Europe's biggest utility Enel
is considering joining the race for British power
utility Western Power Distribution (WPD), as part of a
consortium advised by investment bank Rothschild, two sources
close to the matter said.. . .
26/01 Morgan Stanley and Goldman Sachs
Group Inc's investment bankers are getting the biggest
bonus bumps among peers in Asia, Bloomberg News reported on
Tuesday, citing people familiar with the matter.. . .
26/01 Working from home has been surprisingly
successful for global banks during the first year of the
coronavirus pandemic but is losing its effectiveness, two
prominent industry executives said on Tuesday at a virtual
meeting of. . .
26/01 Trading house Gunvor's founder
Torbjorn Tornqvist has increased his stake in the firm after a
bumper profit year as he bought out some leaving partners and
expanded the board to bring in a new. . .
26/01 European Union governments plan to remove
Japan from their list of nations whose residents should be
allowed to visit the bloc during the ongoing phase of the
coronavirus outbreak, Bloomberg https://bloom.bg/2KVUzUs
reported on Tuesday, citing. . .
26/01 Spanish Prime Minister Pedro
Sanchez appointed Regional Policy Minister Carolina Darias as
the new health minister on Tuesday after her predecessor
resigned to run in an election in a move criticised by the
opposition amid. . .
26/01 Political support is needed for a
global scheme to vaccinate people in poor and middle income
countries as wealthier nations strike fresh bilateral deals with
developers to secure limited supplies, the head of the. . .
26/01 Copper rose on Tuesday as the
dollar weakened, making metals cheaper for buyers outside the
United States, but the slow progress of U.S. stimulus measures
and concerns about Chinese demand capped gains.. . .
26/01 Britain will see more deaths from
coronavirus before a vaccination programme takes effect,
England's chief medical officer Chris Whitty said on Tuesday
after the country's death toll exceeded 100,000.. . .
26/01 The European Medicines Agency
(EMA) is in the process of offering advice to the developers of
the Russian Sputnik V COVID-19 vaccine, but is not currently
reviewing it for approval, the agency's chief said. . .
26/01 Recovery prospects for Europe's
coronavirus-stricken airlines are slipping from bad to worse, as
a British minister warned on Tuesday against booking summer
holidays and Germany mulled a drastic new clampdown on travel
even within the. . .
26/01 Ivory Coast's domestic cocoa
traders association GNI has called for the regulator in the
world's top bean producer to introduce reforms that would end
the dominance of six multinationals in handling the West African
country's. . .
26/01 European stocks rose on Tuesday as strong
earnings from wealth manager UBS and auto parts maker Autoliv
added to a string of upbeat corporate updates, while the
International Monetary Fund raised its forecast for. . .
26/01 China has bought "roughly 200
million gallons" of U.S. ethanol for the first half of 2021,
matching its previous record for annual imports of the
corn-based biofuel, Archer Daniels Midland Co CFO Ray
Young said. . .
26/01 Ireland is to introduce a 14-day
quarantine in hotels for all people arriving from Brazil and
South Africa, and for anyone arriving without evidence of a
negative coronavirus test, the government said on Tuesday.. . .
26/01 Thousands of Indian farmers
protesting against agricultural reforms on Tuesday overwhelmed
police and stormed into the historic Red Fort complex in New
Delhi after tearing down barricades and driving tractors through
roadblocks.. . .
26/01 Freeport McMoRan Inc posted a
quarterly profit on Tuesday that narrowly beat analysts'
estimates on rising production and prices for copper and gold,
with executives forecasting continued growth for 2021.. . .
26/01 British stocks ended higher on Tuesday
after drugmaker AstraZeneca denied reports that its COVID-19
vaccine was less effective in the elderly population, while
Indivior surged after its former parent withdrew a $1.4 billion
legal claim.. . .
26/01 Champagne fell flat last year,
with sales tumbling as the pandemic forced drinking venues to
close and celebratory events were put on ice, although some
year-end cheer meant the decline was less steep than. . .
26/01 Italian government bond yields
dropped across the curve on Tuesday as Prime Minister Giuseppe
Conte prepared to try to form a new government, raising hopes
for a return of some political stability.. . .
26/01 Lenders took control of Polarcus's
ships on Tuesday after the seismic surveyor defaulted
on its bank loans and bonds, hit by a drop in spending by energy
companies struggling with the COVID-19 pandemic and. . .
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