News Wire

China stocks dip weighed by policy tightening concerns; Hang Seng up

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. . .  Full story

Dollar on back foot with Fed's Powell likely to sound dovish note

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.. . .  Full story

BOJ's ETF holdings reaping 12-13 trln yen in unrealised profits, says Kuroda

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.. . .  Full story

Gold dips pressured by stronger dollar; focus on Fed policy

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.. . .  Full story

Indian shares slip as Reliance falls after Amazon tries to block Future deal

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.. . .  Full story

Thai Dec factory output falls 2.44% y/y, worse than forecast

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.. . .  Full story

Asian shares slip, Microsoft's brisk earnings boost tech sector

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.. . .  Full story

S.Korea stocks slide; Fed meeting, U.S. stimulus in focus

05h36 Round-up of South Korean financial markets: ** South Korean shares slid on Wednesday, led lower by selling from foreigners, as investors eye the outcome of the U.S.. . .  Full story

Zinc falls to more than 2-month low on rising inventories

05h17 Zinc prices fell on Wednesday to their lowest in more than two months after stockpiles in exchange warehouses jumped ahead of a traditionally weak demand season in top consumer China.. . .  Full story

Hong Kong home prices post marginal gain in 2020 - preliminary data

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. . .  Full story

Australia, NZ dlrs probe resistance, inflation tops forecasts

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.. . .  Full story

U.S. state regulator says GameStop trading could be 'systemically wrong' - Barron's

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. . .  Full story

S.Korea's c.bank seen standing pat through to 2022 - S&P chief economist

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.. . .  Full story

Japan shares rise as IMF's outlook lifts optimism for corporate earnings

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. . .  Full story

Corn hits 2-week high on China demand, Brazil rains support soybeans

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. . .  Full story

Oil rises as U.S. oil stockpiles drop, new Chinese COVID-19 cases decline

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. . .  Full story

China's industrial profits extend growth in Dec amid brisk factory recovery

04h21 Profits at China's industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its COVID-19 slump.. . .  Full story

Most Asian currencies gain; S.Korean won, Malaysian ringgit edge higher

04h19 The following table shows rates for Asian currencies against the dollar at 0213 GMT. Currency Latest bid Previous day Pct Move Japan yen. . .  Full story

Southwest Airlines makes new voluntary leave offer to cut costs

04h17 Southwest Airlines Co said late on Tuesday it was offering employees another round of voluntary leave as its staffing levels remain high and the coronavirus outbreak crimps travel.. . .  Full story

ANALYSIS-Chinese majors to struggle to extend shale gas boom beyond 2025

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.. . .  Full story

Nippon Express may sell Tokyo HQ building; report says could fetch $965 mln

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).. . .  Full story

Australian consumer prices lifted by taxes, COVID stimulus in Q4

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.. . .  Full story

Walgreens names outgoing Starbucks executive Brewer as CEO

03h14 Walgreens Boots Alliance said on Tuesday it named Roz Brewer, the outgoing chief operating officer of Starbucks, as the company's chief executive officer.. . .  Full story

Global economy threatened by COVID-19 resurgence

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. . .  Full story

COLUMN-U.S. gas market tightens despite mild winter: Kemp

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. . .  Full story

AMD sees strong 2021 on data center, gaming chips demand

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. . .  Full story

Australian Q4 consumer prices rise 0.9% q/q

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. . .  Full story

Australia shares fall from 11-month high as big miners, energy stocks weigh

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. . .  Full story

Biden administration aims to have enough vaccine for most Americans by summertime

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. . .  Full story

Indian economy to get shot in the arm from federal budget -economists

02h05 India's path to economic recovery will be stronger than previously thought as fiscal expansion and vaccine hopes help the country heal from COVID-19, a Reuters poll of economists showed.. . .  Full story

UK, Switzerland to push ahead with financial services deal

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.. . .  Full story

Allstate to sell most of life insurance unit to Blackstone for $2.8 bln

01h34 Allstate Corporation said on Tuesday it had agreed to sell most of its life insurance business to entities managed by buyout firm Blackstone Group Inc for $2.8 billion.. . .  Full story

GameStop extends Reddit driven hyper-rally after Musk tweet

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.. . .  Full story

Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

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. . .  Full story

Goldman Sachs CEO Solomon pays price of 1MDB scandal

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.. . .  Full story

Investor Palihapitiya says he wants to be governor of California

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.. . .  Full story

Alan Mnuchin-backed SPAC in talks to take Sharecare public -sources

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.. . .  Full story

Oil Search sees 'another challenging year', lower output in 2021

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.. . .  Full story

Apollo Global Management's shares surge on resignation of CEO Black

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.. . .  Full story

U.S. yields flat to slightly lower on stimulus plan doubts

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.. . .  Full story

MARKETS-Stocks slip from highs; investors wait on Fed

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.. . .  Full story

Oil prices steady as virus deaths rise, demand worries persist

26/01 Oil prices were little changed on Tuesday as rising coronavirus deaths fed worries about the global demand outlook, but losses were capped by reports of a blast in Saudi Arabia.. . .  Full story

Volkswagen asks U.S. Supreme Court to reverse ruling on local emissions claims

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. . .  Full story

Serbia to spend 2.5 billion euros to aid recovery from coronavirus crisis -president

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,. . .  Full story

-GameStop closes up 92.7%, extending Wall Street's retail frenzy

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. . .  Full story

Biden administration to purchase millions more vaccine doses to curb virus

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. . .  Full story

AMD sees full-year, current-quarter revenue above estimates

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.. . .  Full story

S&P, Nasdaq slip from record levels as earnings season gains speed

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.. . .  Full story

Ecuador's state oil firm defends practices after European lenders exit Amazon oil trade

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.. . .  Full story

New LNG projects will start going ahead, but green credentials to be closely watched - execs

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. . .  Full story

Dollar retreats as riskier currencies recover

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. . .  Full story

Saudi Arabia to allow payment of work permit-related residencies on quarterly basis -SPA

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,. . .  Full story

Venezuela crude stocks drop as exports pick up despite sanctions

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.. . .  Full story

White House says Biden believes Nord Stream 2 pipeline is 'bad deal' for Europe

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. . .  Full story

Latest on worldwide spread of the coronavirus

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. . .  Full story

Canadian dollar rallies as records fall on Wall Street

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. . .  Full story

UAE's biggest bank FAB posts 16% drop in 2020 net profit

26/01 First Abu Dhabi Bank, UAE's biggest lender, on Tuesday posted a 16% drop in 2020 net profit on higher impairment charges as the economy suffered from the coronavirus pandemic.. . .  Full story

Czech central bank chief: no need to change policy at moment -E15

26/01 The Czech National Bank might raise interest rates this year, but probably not as fast as its current macroeconomic outlook suggests, Governor Jiri Rusnok was quoted as saying on Tuesday.. . .  Full story

IMF lifts global growth forecast for 2021, still sees 'exceptional uncertainty'

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. . .  Full story

GE's strong cash flow, upbeat outlook signal turnaround gathering steam

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.. . .  Full story

UniCredit set to appoint Andrea Orcel as CEO - source

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. . .  Full story

NextEra doubles down on renewables as energy transition gathers steam

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. . .  Full story

Algeria's oil producer Sonatrach expects output, sales increase in 2021 -state news agency

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.. . .  Full story

Widespread internet outage hits U.S. East Coast

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.. . .  Full story

Corn soars 4% on fresh sales to China; soy, wheat also climb

26/01 U.S. corn futures surged 4% on Tuesday as news of fresh export sales to China re-ignited concerns about tightening U.S. and global grain supplies, analysts said.. . .  Full story

Brazil's Petrobras says Rodrigo Costa Lima e Silva to lead refining unit

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. . .  Full story

U.S. yields mixed as caution on stimulus package persists

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. . .  Full story

Brazil's real jumps 2%; Argentine stocks shine

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.. . .  Full story

U.N. report accuses Yemen government of money-laundering, Houthis of taking state revenue

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. . .  Full story

Renewables firm Voltalia posts record quarterly sales

26/01 French renewables company Voltalia SA on Tuesday reported its highest quarterly sales ever, a 65% jump at constant currency, boosted by new wind and solar plants.. . .  Full story

Tesla's report could trigger $7 billion payout to Musk

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. . .  Full story

Biden stimulus plan could boost U.S. output by 5% over three years -IMF

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. . .  Full story

Gold edges down on U.S. stimulus worries, softer dollar limits losses

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. . .  Full story

Enthusiasm over COVID-19 vaccines tempered by talk of protectionism and hoarding

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.. . .  Full story

Aviva sets Feb deadlines for $6.6 bln disposals in France, Poland -sources

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. . .  Full story

Retail trading frenzy sparks jitters for noted GameStop short-seller

26/01 Short-seller Andrew Left does not usually smoke. But on Monday he had a cigarette to calm his nerves as shares of GameStop Corp, the stock he had shorted, continued to rocket higher.. . .  Full story

AmEx sees consumer travel recovery after lower spending hits profit

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,. . .  Full story

UK airline bosses criticise hotel quarantine plan, seek support

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.. . .  Full story

U.S. consumer confidence edges higher; house prices accelerate

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. . .  Full story

Kimmeridge launches proxy fight for seats on Ovintiv board

26/01 Kimmeridge Energy Management Co on Tuesday launched a proxy fight against Ovintiv Inc to win three seats on the oil producer's board.. . .  Full story

Italy's Enel joins race for U.S. utility PPL's British unit - sources

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.. . .  Full story

Morgan Stanley, Goldman lead bonus jump for bankers in Asia - Bloomberg News

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.. . .  Full story

Working from home is losing its effectiveness, bank execs say

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. . .  Full story

Gunvor founder raises stake, expands board

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. . .  Full story

Saudi Arabia raises $5.5 billion via dual-tranche bonds

26/01 Saudi Arabia launched $5.5 billion in a dual-tranche bond sale on Tuesday with tenors of 12 and 40 years, a document showed, as it seeks to plug a large fiscal deficit.. . .  Full story

European Union plans to shut door to travelers from Japan amid COVID-19 surge -Bloomberg

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. . .  Full story

Spanish PM appoints new health minister amid worsening pandemic

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. . .  Full story

GAVI seeks political support for COVAX as rich nations strike fresh vaccine deals

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. . .  Full story

Weakening dollar lifts copper as rally loses momentum

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.. . .  Full story

UK will see 'quite a lot more' COVID deaths - England's Chief Medical Officer

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.. . .  Full story

EU drugs agency says it is advising makers of Russian vaccine

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. . .  Full story

Airline outlook dims again as new travel curbs threaten summer

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. . .  Full story

Ivorian cocoa traders seek to end multinationals' dominance of exports

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. . .  Full story

Earnings lifts European shares, German DAX outperforms

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. . .  Full story

China bought 'roughly 200 mln gallons' of U.S. ethanol for H1 2021 - ADM

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. . .  Full story

UK PM Johnson: We did everything we could to minimise COVID loss of life

26/01 British Prime Minister Boris Johnson said his government had done everything it could to minimise loss of life in the coronavirus pandemic after the country's death toll exceeded 100,000.. . .  Full story

Ireland introduces hotel quarantine for arrivals from Brazil, SAfrica

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.. . .  Full story

Indian farm protesters battle police to plant flags at historic Red Fort

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.. . .  Full story

Freeport sees rising copper demand boosting 2021 results

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.. . .  Full story

UK PM Johnson: Sorrow of 100,000 COVID-19 death toll "hard to compute"

26/01 The sorrow of Britain's COVID-19 death toll, which passed 100,000 on Tuesday, was hard to compute, Prime Minister Boris Johnson said.. . .  Full story

London stocks climb as AstraZeneca, Indivior jumps

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.. . .  Full story

Champagne loses its fizz as pandemic hits sales

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. . .  Full story

Italian yields drop as PM looks to form new government

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.. . .  Full story

Evotec shares rise amid speculation Melvin Capital closing short positions

26/01 Evotec rose sharply on Tuesday amid market speculation that Melvin Capital Management was unwinding its positions in the German drugmaker after some of its investments turned sour.. . .  Full story

Lenders take control of Polarcus assets after default, shares plunge

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. . .  Full story