23 June

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U.S. June Manufacturing Index at Record High, Services Dip By Bloomberg

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(Bloomberg) -- A measure of U.S. manufacturing activity expanded in June at the fastest pace in records dating back to 2007, fueled by easing pandemic restrictions and a strengthening domestic economy. The IHS Markit flash index of purchasing managers at manufacturers increased for a fourth straight month to 62.6 from 62.1 a month earlier, the group reported Wednesday. The services measure fell to 64.8, though remains near record levels. “The early PMI indicators point to further impressive growth of the U.S. economy in June, rounding off an unprecedented growth spurt over the second quarter as a...

23 June

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Swedish PM Lofven welcomes Centre Party decision to drop rent reform plan By Reuters

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STOCKHOLM (Reuters) - Swedish Prime Minister Stefan Lofven on Wednesday welcomed a decision by the Centre Party to drop its insistence the government goes ahead with a plan to partially ease rent controls which led parliament to pass a vote of no-confidence in him earlier this week. "It is important that more parties now do what is best for the country," Lofven said in a text to Reuters. ...

23 June

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Ryanair CEO sees travel ‘mushrooming’ despite COVID-19 restrictions By Reuters

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By Catarina Demony LISBON (Reuters) -As the summer holiday season kicks off, the number of passengers hopping on Ryanair (I:RYA) planes is "mushrooming" despite travel restrictions in place to control the spread of the coronavirus, Group Chief Executive Michael O'Leary said on Wednesday. In an interview with Reuters ahead of a news conference in Lisbon, O'Leary said bookings had recovered very strongly over the last eight weeks, with particularly high volumes of bookings to Portugal and other summer destinations from Germany, Scandinavia, and the Benelux countries. "Traffic is mushrooming and a lot of that folk...

23 June

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From game-changer to back-up – J&J’s COVID vaccine struggles in Europe By Reuters

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By Francesco Guarascio, Emilio Parodi and Matthias Blamont BRUSSELS (Reuters) -At the height of Europe's vaccine supply crisis in March, Johnson & Johnson (NYSE:JNJ)'s (J&J) single-dose COVID-19 vaccine was touted as a game-changer. But two months into its rollout, the shot has the lowest uptake of all four approved vaccines. Supply problems, safety concerns, improved deliveries of rival vaccines and countries' inoculation strategies have all played a part in holding back usage. Despite the shot's clear logistical advantage of not requiring a booster, the European Union has only administered about half of the delivered...

23 June

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Warren Buffett resigns from Gates Foundation, has donated half his fortune By Reuters

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By Jonathan Stempel and Eva Mathews (Reuters) - The billionaire investor Warren Buffett said he is resigning as a trustee of the Bill and Melinda Gates Foundation, and has donated half his wealth to philanthropy since pledging 15 years ago to give away his fortune from running Berkshire Hathaway Inc . (NYSE:BRKa) Buffett, 90, said in a Wednesday statement that he has been an "inactive trustee" for years at the foundation, but fully supported its Chief Executive Mark Suzman and that their goals were "100% in sync." He also announced a new $4.1 billion donation...

23 June

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Exclusive-UK’s Tide breaks ranks on crisis loan payment deferrals By Reuters

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By Lawrence White and Iain Withers LONDON (Reuters) - British business lender Tide said it would not provide payment deferrals for small firms that took out state-supported loans during the COVID-19 pandemic, the first lender to break ranks and withhold such support. The government announced new "Pay As You Grow" (PAYG) measures in February, offering struggling companies the chance to push back repayment on state-backed loans to 10 years from six, among other options. Tide's decision not to offer PAYG is an early indication of how lenders are making difficult choices between their own commercial interests...

23 June

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Global regulators to introduce first oversight of ESG raters By Reuters

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By Huw Jones LONDON (Reuters) - A global securities watchdog plans to publish its first regulatory guidance for raters of corporate environmental, social and governance (ESG) performance in July to stem growing concern among asset managers about overstated green credentials. The concern over so-called greenwashing has grown as more investments are channelled into climate-friendly funds, giving rise to a burgeoning market for ratings on how different companies deal with ESG challenges. Ashley Alder, chair of the IOSCO body that groups securities regulators from the United States, Europe and Asia says that many countries have no rules...

23 June

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GSK Gains On Plans To Spin Off Consumer Healthcare Business By Investing.com

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By Dhirendra Tripathi Investing.com – GlaxoSmithKline (NYSE:GSK) shares rose more than 4% in Wednesday’s premarket session on the company’s plans to spin off its consumer healthcare business into a separate company. Calling itself "New GSK" in a note, the company said it will receive approximately $11.2 billion in dividends from the spin off. New GSK will prioritize R&D and commercial investment in vaccines and specialty medicines as thrust areas. The parent company will adopt a progressive dividend policy targeting a pay-out ratio of 40% to 60%. New GSK will retain up to 20% of GSK’s holding...

23 June

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Tesla opens solar charging station in Tibet, its first in China By Reuters

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BEIJING (Reuters) -U.S. electric vehicle maker Tesla Inc has opened a solar-powered charging station with on-site power storage in the Tibetan capital Lhasa, the company said in a Weibo post on Wednesday, its first such facility in China. Tesla does not have a showroom in Tibet, a remote and long-impoverished region. In its post, the company cited the ample sunlight in the mountainous area as behind the move. China is Tesla's second-biggest market, but the charging site is its first in the country with dedicated solar power and on-site power storage. China's power grid is predominantly...

23 June

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German cabinet hikes pandemic-related borrowing to 470 billion euros By Reuters

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BERLIN (Reuters) - The German cabinet approved a draft budget for next year with new debt of nearly 100 billion euros ($119 billion) to finance more COVID-19 measures, pushing up pandemic-related borrowing to 470 billion euros from 2020 to 2022, an official said on Wednesday. The revised fiscal plans confirm a Reuters report from last Thursday and mark an increase of additional debt in 2022 of some 18 billion euros compared to earlier estimates. Finance Minister Olaf Scholz is expected to present his updated budget plan for next year in a news conference later...

Меню

U.S. June Manufacturing Index at Record High, Services Dip By Bloomberg

Swedish PM Lofven welcomes Centre Party decision to drop rent reform plan By Reuters

Ryanair CEO sees travel ‘mushrooming’ despite COVID-19 restrictions By Reuters

From game-changer to back-up – J&J’s COVID vaccine struggles in Europe By Reuters

Warren Buffett resigns from Gates Foundation, has donated half his fortune By Reuters

Exclusive-UK’s Tide breaks ranks on crisis loan payment deferrals By Reuters

Global regulators to introduce first oversight of ESG raters By Reuters

GSK Gains On Plans To Spin Off Consumer Healthcare Business By Investing.com

Tesla opens solar charging station in Tibet, its first in China By Reuters

German cabinet hikes pandemic-related borrowing to 470 billion euros By Reuters

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