05 July

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Hipgnosis expects higher streaming earnings after $1 billion shopping spree By Investing.com

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By Samuel Indyk Investing.com – Hipgnosis Songs Fund (LON:SONG) said it spent $1.089 billion on 84 catalogues in the last financial year, including the music of Neil Young, Fleetwood Mac, Debbie Harry, and Shakira. The purchases helped the fund record a 7% increase in profit, while operative NAV increased by 11.3% to $1.6829 per share over the year. The fund, which buys music rights and generates revenue from streaming, said streaming income increased 18.4% in the second half of the year from the previous six-month period. This allowed the fund to increase its target...

05 July

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Britain’s JD Sports transfers ownership of DTLR Villa to U.S. unit By Reuters

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(Reuters) - JD Sports Fashion said on Monday it had transferred the ownership of retailer DTLR Villa to its U.S. unit, Genesis Topco, to align all its businesses in the United States under one entity and ease its expansion in the country. "It was always JD's intention for DTLR to be part of the Genesis sub-group but the requirement for speed and certainty of execution...

05 July

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Apollo Global Management considering offer for Britain’s Morrisons By Reuters

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LONDON (Reuters) - Private equity company Apollo Global Management is in the preliminary stages of evaluating a possible offer for British supermarket group Morrisons, it said on Monday. On Saturday Morrisons greed to a takeover led by SoftBank owned Fortress Investment Group that valued Britain's fourth-largest grocer at 6.3 billion pounds ($8.7 billion) and topped a rival offer from another private equity firm Clayton, Dubilier & Rice (CD&R). ...

05 July

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Dollar pauses as rate hike fears ebb, Fed minutes up next By Reuters

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By Tom Westbrook SINGAPORE (Reuters) - The dollar took a breather on Monday, after recent gains ran into a speed bump when details of last week's U.S. jobs report soothed jitters about the timing of U.S. interest rate hikes. While the headline June job creation figure beat forecasts, unemployment ticked higher, workforce participation didn't budge and the pace of hourly earnings growth slowed - suggesting rate rises could be further away than markets have come to fear. Against the risk-sensitive Australian and New Zealand dollars the greenback slipped 0.7% and 0.9%, respectively in the wake of...

05 July

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China Blocks Didi From App Stores Days After Mega U.S. IPO By Bloomberg

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(Bloomberg) -- China’s cyberspace regulator ordered app stores to remove Didi Chuxing, dealing a major blow to a ride-hailing giant that just days ago pulled off one of the largest U.S. initial public offerings of the past decade. The Cyberspace Administration of China announced the ban Sunday, citing serious violations on Didi Global Inc.’s collection and usage of personal information, without elaborating. That unusually swift decision came two days after the regulator said it was starting a cybersecurity review of the company. That effectively requires the largest app stores in China, operated by the likes of...

05 July

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Brent Oil Steadies With OPEC+ to Resume Drive to Break Impasse By Bloomberg

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(Bloomberg) -- Brent oil was steady near $76 a barrel at the open in Asia ahead of another round of critical OPEC+ talks slated for later Monday to break a stalemate over raising production. Futures in London were little changed after settling near the highest since October 2018 on Friday. Negotiations ended without a deal to boost output last week after the United Arab Emirates stuck to demands for better terms for itself. The impasse puts the alliance’s market management at stake with a supply deficit set to widen as global demand rebounds from the pandemic....

05 July

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Asian stocks extend global rally after U.S. jobs report By Reuters

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By Kevin Buckland TOKYO (Reuters) - Most Asian stocks gained on Monday, extending the rally that took global equities to a record high after a U.S. jobs report signalled the economic recovery remained intact but didn't yet warrant any immediate withdrawal of Federal Reserve stimulus. Japanese markets, however, bucked the trend, with the Nikkei falling 0.5% following a surge in COVID-19 infections in Tokyo, just weeks before the city hosts the Olympics. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, led by a 1% gain in Taiwan. Chinese blue chips added 0.1%. Trading is...

05 July

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Japan’s service sector activity contracts for 17th month as pick-up stalls By Reuters

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TOKYO (Reuters) - Japan's services sector activity shrank for the 17th straight month in June as the coronavirus dampened demand at home and abroad, underscoring sluggish momentum for the world's third-largest economy. The decline in the services industry kept overall private-sector activity in contraction for a second month, in a sign the country's economic recovery struggles to pick up despite making progress with a coronavirus vaccine rollout. The final au Jibun Bank Japan Services Purchasing Managers' Index (PMI) was at a seasonally adjusted 48.0, up from the prior month's final level of 46.5 and a 47.2...

05 July

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Sydney Airport gets $16.7 billion buyout bid; shares surge By Reuters

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By Jamie Freed and Scott Murdoch SYDNEY (Reuters) -Sydney Airport Holdings Pty Ltd said on Monday a consortium of infrastructure investors had proposed a A$22.26 billion ($16.7 billion) cash buyout of the operator of Australia's biggest airport, sending its shares up as much as 38%. If successful, it would be the biggest such deal in Australia this year, eclipsing the $8.1 billion spin-off of Endeavour Group Ltd and Star Entertainment Group Ltd's $7.3 billion bid for Crown Resorts Ltd. A consortium comprised of IFM Investors, pension fund QSuper and Global Infrastructure Management has offered A$8.25 per...

05 July

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Didi says app takedown may adversely impact revenue in China By Reuters

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(Reuters) - China's biggest ride-hailing firm Didi Global Inc said on Sunday removal of its "DiDi Chuxing" app from smartphone app stores in China is expected to have an adverse impact on its revenue in China. Earlier on Sunday, China's cyberspace regulator ordered app stores to stop offering Didi's app after finding that the company had illegally collected users' personal data. "The Company expects that the app takedown may have an adverse impact on its revenue in China," the company said in a statement. In its filing https://www.sec.gov/Archives/edgar/data/1764757/000104746921001194/a2243272zf-1.htm from June, Didi reported revenue of about...

Меню

Hipgnosis expects higher streaming earnings after $1 billion shopping spree By Investing.com

Britain’s JD Sports transfers ownership of DTLR Villa to U.S. unit By Reuters

Apollo Global Management considering offer for Britain’s Morrisons By Reuters

Dollar pauses as rate hike fears ebb, Fed minutes up next By Reuters

China Blocks Didi From App Stores Days After Mega U.S. IPO By Bloomberg

Brent Oil Steadies With OPEC+ to Resume Drive to Break Impasse By Bloomberg

Asian stocks extend global rally after U.S. jobs report By Reuters

Japan’s service sector activity contracts for 17th month as pick-up stalls By Reuters

Sydney Airport gets $16.7 billion buyout bid; shares surge By Reuters

Didi says app takedown may adversely impact revenue in China By Reuters

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