12 April

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Powell Talks, Indian Crisis, Alibaba Fine, Microsoft M&A – What’s up in Markets By Investing.com

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By Geoffrey Smith Investing.com -- Jerome Powell predicts a surge in hiring and economic growth - but still wants you to wear a mask and keep socially distanced. India's pandemic woes go from bad to worse, and take the rupee and local stocks lower. The U.K. meanwhile has opened its pubs and non-essential shops again after reaching key thresholds in its vaccination campaign. U.S. stocks are edging lower ahead of the start of a big earnings season, while Alibaba (NYSE:BABA) stock leaped after the Chinese Communist Party chose not to impose the harshest possible...

12 April

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Police seek arrest of Italian middleman in Vatican property deal By Reuters

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By Philip Pullella ROME (Reuters) - Italian magistrates have issued an arrest warrant for Gianluigi Torzi, a financial broker caught up in a scandal involving the Vatican's purchase of a building in an upscale London area, police said on Monday. Financial police said in a statement that they were looking for Torzi and three Italian associates on suspicion of fraudulent billing practices and tax fraud. Torzi was also suspected of money laundering. A financial police spokesman said they could not serve the warrant on Torzi because he was currently in Britain. Torzi's London-based lawyer,...

12 April

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BoE’s Tenreyro says removing policy support too early could be costly By Reuters

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LONDON (Reuters) -Bank of England interest rate-setter Silvana Tenreyro said removing fiscal or monetary policy support for the economy too early after last year's coronavirus slump could have a damaging effect on the labour market. "One lesson that we learned from the financial crisis is that withdrawing policy support too early can be very costly," Tenreyro said in an online discussion hosted by Swedish think tank SNS. "Withdrawing it too early ...

12 April

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Ireland set to restrict use of AstraZeneca vaccine -RTE By Reuters

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DUBLIN (Reuters) - Ireland's National Immunisation Advisory Committee is expected to recommend that AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine be restricted for use for people over the age of 60, national broadcaster RTE reported on Monday. The expert group met to discuss the issue on Monday and RTE said it was due to sign off on the issue shortly. A formal announcement is expected later, it added. A European Medicines Agency (EMA) investigation of blood clots in the brain reported by some people given the AstraZeneca vaccine has prompted some European countries to change their recommendations on...

12 April

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Microsoft to buy AI firm Nuance Communications for about $16 billion in healthcare push By Reuters

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By Chavi Mehta and Krystal Hu (Reuters) -Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion in cash, as it builds out its cloud strategy for healthcare. The deal comes as both companies, which partnered in 2019 to automate clinical administrative work such as documentation, gain from a boom in telehealth services with medical consultations shifting online due to the COVID-19 pandemic. "Nuance provides the AI layer at the healthcare point of delivery," Microsoft (NASDAQ:MSFT) CEO Satya Nadella said in a statement,...

12 April

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GM marketing spend will return to normal levels post pandemic-chief marketing officer By Reuters

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DETROIT (Reuters) - General Motors Co (NYSE:GM)'s marketing and promotional spending will return to normal levels after the COVID-19 pandemic caused that budget to drop last year, the U.S. automaker's top marketing officer said on Monday. "What we went through in the pandemic was certainly severe and we should be moving back up to our normalized levels," GM Chief Marketing Officer Deborah Wahl said in an online appearance at a Reuters Events conference. Wahl declined to discuss how much GM will spend this year, but GM cut its advertising and promotional spending last year by...

12 April

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China’s Ant to become financial holding firm under enforced revamp By Reuters

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BEIJING (Reuters) - China's Ant Group, the fintech giant whose $37 billion IPO was derailed by risk-wary regulators days before it was due to list in November, will restructure as a financial holding company, the country's central bank said on Monday. The overhaul comes two days after e-commerce giant Alibaba (NYSE:BABA) Group Holding Ltd, of which Ant is an affiliate, was hit with a $2.75 billion antitrust penalty as China tightens controls on the "platform economy". Under terms of the settlement, Ant will restructure as a financial holding company, a move that, along with...

12 April

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UK PM Johnson has haircut as some lockdown limits lift By Reuters

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LONDON (Reuters) - Prime Minister Boris Johnson has his haircut on Monday morning, his spokesman said, as non-essential shops and hairdressers in England were among those to resume operating as some lockdown measures eased. ...

12 April

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UK, EU talks on N.Ireland are constructive, differences remain, says UK PM’s spokesman By Reuters

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LONDON (Reuters) - Talks between Britain and the European Union on part of their Brexit deal which governs trade with Northern Ireland are constructive but there are still differences on how to overcome issues that have triggered violence in the British province. "The discussions have been constructive but there are still significant differences that need to be resolved," the spokesman told reporters, adding that British negotiator David Frost had spoken to European Commission vice president Maros Sefcovic on Friday. ...

12 April

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Alibaba Soars After $2.8 Billion Fine Lifts Overhang From Stock By Investing.com

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By Dhirendra Tripathi Investing.com – Alibaba (NYSE:BABA) shares popped in Monday’s premarket as a $2.8 billion fine by the Chinese regulators on Saturday lifted the cloud of uncertainty that had been hovering over the internet company. The fine was only 4% of Alibaba's domestic sales, rather than the 10% maximum allowed by law. Analysts interpreted as a broader sign of detente between regulators and a company whose financial power threatened to give it growing political clout. “Despite the record fine amount, we think this should lift a major overhang on BABA...

Меню

Powell Talks, Indian Crisis, Alibaba Fine, Microsoft M&A – What’s up in Markets By Investing.com

Police seek arrest of Italian middleman in Vatican property deal By Reuters

BoE’s Tenreyro says removing policy support too early could be costly By Reuters

Ireland set to restrict use of AstraZeneca vaccine -RTE By Reuters

Microsoft to buy AI firm Nuance Communications for about $16 billion in healthcare push By Reuters

GM marketing spend will return to normal levels post pandemic-chief marketing officer By Reuters

China’s Ant to become financial holding firm under enforced revamp By Reuters

UK PM Johnson has haircut as some lockdown limits lift By Reuters

UK, EU talks on N.Ireland are constructive, differences remain, says UK PM’s spokesman By Reuters

Alibaba Soars After $2.8 Billion Fine Lifts Overhang From Stock By Investing.com

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