Factbox: China’s Key Commodities Targeted By Beijing’s Recent Measures
As a key producer, importer and consumer of most of the world’s major commodities, China is uniquely sensitive to sharp price rises or supply disruptions in the raw materials on…
Tyson Foods, Microsoft Mandate Vaccinations, U.S. Automakers Mask Up
Tyson Foods Inc (TSN.N), Microsoft Corp (MSFT.O) and Detroit’s Big Three automakers joined a growing list of U.S. companies that are changing their vaccination and masking policies as the Delta…
Toyota, Honda Beat Profit Estimates But Warn Of Extended Chip Crunch
Toyota Motor Corp (7203.T) posted record quarterly earnings and Honda Motor Co (7267.T) raised its annual profit forecast on Wednesday as post-lockdown sales surge, but the pair joined other automakers…
Ether Falls 1% Ahead Of Major Upgrade To Ethereum Network
Ether fell about 1% on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are processed. The revamp is currently anticipated to…
Sony Posts Record Q1 Profit On Pandemic Demand For Devices And Content
Sony Corp (6758.T) raised its earnings outlook on Wednesday after a record first-quarter operating profit helped by pandemic stay-at-home demand for PlayStation 5 consoles, TVs, music and movies. Operating profit…
Stocks making the biggest moves premarket: General Motors, CVS Health, Kraft Heinz, Tupperware and others
General Motors (GM) – General Motors missed the consensus estimate of $2.23 per share with an adjusted second-quarter profit of $1.97 per share, though revenue did top Wall Street forecasts.…
General Motors Misses Wall Street Second-Quarter Earnings Expectations, Raises 2021 Guidance
General Motors missed Wall Street’s earnings expectations for the second-quarter despite a strong profit and raising its guidance for the year. Here’s how GM did compared with what Wall Street…
Elon Musk’s Photos Show SpaceX Rolling Out Its Massive Rocket Booster For Starship
SpaceX on Tuesday rolled out the rocket booster that the company plans to use to launch the first Starship orbital flight, and Elon Musk shared photos of the enormous vehicle,…
CENTRAL BANKS Inflation Pressure To Test Bank Of England’s Patience At Key Meeting, Economists Warn
Economists broadly expect the Bank of England’s Monetary Policy Committee to raise its inflation forecasts on Thursday after two straight months of overshoots. However, investors should not expect a hawkish…
Janet Yellen, United State Treasury secretary Says Enacting Biden’s Agenda Key To Keeping America As ‘World’s Pre-Eminent Economic Power’
Treasury Secretary Janet Yellen will warn Wednesday that enacting President Joe Biden’s economic agenda is critical to maintaining America’s status as the world’s superpower, according to a copy of her…
Indian Shares Hit Record Highs As Investors Focus On Earnings And Interest Rate Decision
Indian shares hit a record high on Wednesday as investors remained upbeat in the middle of corporate earnings season and ahead of the central bank’s policy meeting. The Nifty 50…
ECONOMY Household Debt Jumps By The Most In 14 Years To Nearly $15 Trillion In The Second Quarter
Household debt rose by its highest dollar amount in 14 years during the second quarter, thanks mostly to a surge in the housing market that brought the collective American IOU…
Made in China’ Products Are Running Into New Logistics Problems
Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses an advantage overseas. But it’s turning into a disadvantage now,…
After $75b Investments In 20 Years, Telecoms Service Still Struggling
Twenty years after the Nigerian Communications Commission (NCC) licensed the first two Mobile Network Operators (MNOs) that birthed the revolution of Global System for Mobile (GSM) telecommunication technology in the…
Kiwi Dollar, Aussie Jump On Central Bank Talk
The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday, helped by talk from their central banks, while the U.S. dollar took a backseat to…
Oil Falls A Second Day With Delta’s Spread Threatening Demand
Oil fell for a second day as the spread of the delta coronavirus variant, including in the key market of China, continues to pose a risk to demand. West Texas…
Sterling Gains On Optimism For UK’s COVID-19 Restrictions Outlook
Sterling rose on Tuesday, helped by recent falls in COVID-19 infections in Britain, optimism around Britain’s easing of lockdown restrictions and market anticipation of hawkish signals when the Bank of…
UK Inflation Forecast To Hit 3.9% In Early 2022
UK consumer price inflation has been forecast to hit 3.9% next year, a think tank said on Monday. The National Institute of Economic and Social Research (NIESR) said that inflation…
Moscow Exchange To Extend Bond Trading Hours To Attract Retail Investors
The Moscow Exchange (MOEX) plans to extend the hours during which bonds can be traded from this autumn in a move aimed at attracting a greater number of retail investors,…
Africa’s Most Populous City Is Battling Floods And Rising Seas. It May Soon Be Unlivable, Experts Warn
Lagos, Nigeria (CNN)Cars and houses submerged in water, commuters wading through buses knee-high in floods, and homeowners counting the cost of destroyed properties. Welcome to Lagos during rainy season. Residents…
Dollar On Back Foot Vs Safe-Haven Peers As Delta Virus Spreads
The dollar was on the back foot against the safe-haven yen and Swiss franc on Tuesday after soft U.S. manufacturing data and rising concerns about the coronavirus Delta variant prompted…
China’s Yuan Slips As Domestic Coronavirus Cases Rise
China’s yuan weakened on Tuesday as a surge of coronavirus cases of the Delta variant in the country prompted tough measures including mass testing, fuelling worries over the potential economic…
Businesses Face Many Challenges In Nigeria, Says US Envoy
The United States Consul General in Nigeria, Claire Pierangelo, has said that businesses in Nigeria face many challenges, while expressing optimism that the Lagos Free Zone provides opportunities for businesses…
Marvell Tech To Acquire Innovium For $1.1 Bln As It Courts More Cloud Customers
Marvell Technology Inc (MRVL.O) on Tuesday said it has agreed to acquire chip startup Innovium in a $1.1 billion all-stock deal aimed at bolstering Marvell’s share of networking chips sold…
Amazon Warehouse Workers Overwhelmingly Rejected A Union. Now They May Vote Again
A U.S. labor board official has recommended a rerun of a landmark Amazon.com Inc (AMZN.O) union election in Alabama where employees had voted overwhelmingly against making their warehouse the online…
UK Takeovers Hit 14-Year High In First Seven Months Of 2021
Takeovers of British companies hit a 14-year high by value in the first seven months of 2021, Refinitiv data shows, with no sign the buying spree is slowing after U.S.…
Hong Kong Regulator Fines UBS $1.5 Mln For Compliance Breaches
Swiss bank UBS (UBSG.S) was fined HK$11.55 million ($1.5 million) by Hong Kong’s securities regulator for failing to disclose its holdings in some companies covered in its research reports, the…
Hippo CEO Hopes Listing Will Fuel Better Insurance Coverage For Homeowners
Hippo Enterprises Inc (RTP.N) wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The…
SolarEdge Shares Surge After Quarterly Earnings Top Estimates
Shares of SolarEdge jumped nearly 12% during premarket trading on Tuesday after the company topped expectations during the second quarter and provided an upbeat forecast. SolarEdge’s results come as the…
Bill Gates And Melinda French Gates Are Officially Divorced Following 27-Year Marriage
Microsoft co-founder Bill Gates and Melinda French Gates have gotten divorced after 27 years of marriage. A Monday filing with the King County Superior Court in Washington made the move…