06 January

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German economy can get through long virus lockdown – finance minister By Reuters

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BERLIN (Reuters) - Europe's biggest economy can hold out through a coronavirus shutdown for a long time, German Finance Minister Olaf Scholz said on Wednesday, adding he expected lower levels of government debt than after the financial crisis of 2008. "We can hold out for a long time," Scholz told ZDF television. "Budget legislators in the German parliament have authorised us...

06 January

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Auto dealer Lookers appoints retail veteran as interim CFO By Reuters

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(Reuters) - Auto retailer Lookers Plc on Wednesday named retail veteran Anna Bielby as the company's finance chief on an interim basis, filing in the role that has been vacant since Mark Raban was promoted to chief executive officer. The British car dealership has been shuffling its top management since 2019, when it sounded profit warnings and was hit by an accounting...

06 January

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UK’s ‘Herculean’ vaccine target can be achieved, minister says By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson's "Herculean" aim to vaccinate around 14 million of the most vulnerable people against COVID-19 by the middle of next month is achievable, his vaccine minister said on Wednesday. Johnson has set a target of vaccinating the elderly, including care home residents, the clinically vulnerable and frontline workers - around 14 million people - by...

06 January

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Events firm Informa sees 2020 profit to plummet on pandemic hit By Reuters

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(Reuters) - Events group Informa Plc (LON:INF) on Wednesday forecast a more than 70% plunge in 2020 profit as the industry was ravaged by coronavirus-driven restrictions and halts in physical exhibitions worldwide. The world's largest exhibitions group said it expects adjusted operating profit in the range of 250 million pounds ($341.13 million) to 270 million pounds for the year ended...

06 January

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Japan shares lower at close of trade; Nikkei 225 down 0.38% By Investing.com

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Investing.com – Japan equities were lower at the close on Wednesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 0.38%. The biggest gainers of the session on the Nikkei 225 were Chiyoda Corp. (T:6366), which rose 6.69% or 19.0 points to...

06 January

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Topps Tiles warns of hit to sales from new lockdown By Reuters

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(Reuters) - Britain's Topps Tiles Plc warned on Wednesday that the new lockdown in England, which has shut the tile retailer's stores for browsing, is expected to hit sales and margins. The company, which has over 340 stores nationwide, also said its retail like-for-like sales rose 19.9% in the 13 weeks ended Dec 26, helped by demand from professional fitters and...

06 January

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Starting a job? Dream big and don’t be afraid to fail, says Wella CEO

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By Cheryl Lu-Lien Tan NEW YORK (Reuters) - As a little girl who spoke no English when she moved to the United States from Taiwan, Annie Young-Scrivner learned early on about challenging times. But the new CEO of Germany-based hair care company Wella AG likes to remind people that nothing is impossible, even in a pandemic. "Look at me, a little...

06 January

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Chinese fund managers rush to capitalize on investors’ green fever

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By Samuel Shen and David Stanway SHANGHAI (Reuters) - Chinese money managers are rushing to launch new energy funds, seeking to capitalize on investors' green fever which has been fuelled by President Xi Jinping's carbon neutrality pledge. China's first photovoltaic industry exchange-traded fund (ETF), launched by Huatai-PineBridge Fund Management Co in December attracted hot demand, with assets under management jumping nearly six-fold...

06 January

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Exclusive: Alibaba plans to raise at least $5 billion via dollar bond this month – sources

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HONG KONG (Reuters) - Chinese e-commerce leader Alibaba (NYSE:BABA) Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, four people with direct knowledge of the matter said. Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the...

06 January

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Asian stocks mixed as markets await U.S. runoff results

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By Imani Moise NEW YORK (Reuters) - Asian stocks were mixed on Wednesday as investors anxiously awaited results of U.S. runoff elections that would determine the legislative balance of power in the world's largest economy while oil prices rose on news of planned output cuts. Adding to broader uncertainty in markets was the latest twist in a regulatory saga over whether the...

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German economy can get through long virus lockdown – finance minister By Reuters

Auto dealer Lookers appoints retail veteran as interim CFO By Reuters

UK’s ‘Herculean’ vaccine target can be achieved, minister says By Reuters

Events firm Informa sees 2020 profit to plummet on pandemic hit By Reuters

Japan shares lower at close of trade; Nikkei 225 down 0.38% By Investing.com

Topps Tiles warns of hit to sales from new lockdown By Reuters

Starting a job? Dream big and don’t be afraid to fail, says Wella CEO

Chinese fund managers rush to capitalize on investors’ green fever

Exclusive: Alibaba plans to raise at least $5 billion via dollar bond this month – sources

Asian stocks mixed as markets await U.S. runoff results

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