10 June

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Exclusive-Paytm, MakeMyTrip, Infosys offer to help India with COVID vaccine bookings By Reuters

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By Uday Sampath Kumar and Aditya Kalra BENGALURU (Reuters) - Paytm, Infosys and MakeMyTrip are among companies seeking approval in India to provide online COVID-19 vaccine bookings, the head of the government's tech platform said, as the country tries to make it easier for its huge population to book shots. The government relaxed rules last month to potentially allow third-party apps to offer vaccine bookings and has taken back control of procurement from states following delays and shortages. It also faced initial problems with its own vaccine booking platform. Around 15 state agencies and private companies,...

10 June

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Bank regulators plan ‘conservative’ capital rule for bitcoin By Reuters

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By Huw Jones LONDON (Reuters) - Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global banking regulators proposed on Thursday, in a "conservative" step that could prevent widescale use of the cryptocurrency by major lenders. The Basel Committee on Banking Supervision, made up of regulators from the world's leading financial centres, proposed a twin approach to capital requirements for cryptoassets held by banks in its first bespoke rule for the nascent sector. El Salvador has become the world's first country to adopt bitcoin as legal tender even though...

10 June

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Interview: What to expect from the ECB announcement By Investing.com

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Investing.com's Samuel Indyk interviews Newsquawk Senior Market Analyst Adam Linton on the upcoming ECB decision. The two discuss what is expected on interest rates, the asset purchase program, latest inflation data and the state of the euro currency. Watch the interview below to help prepare for the important policy announcement. ...

10 June

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ByteDance launches Volcano Engine brand to offer TikTok ‘secret’ to businesses By Reuters

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BEIJING (Reuters) - ByteDance launched on Thursday its new Volcano Engine brand to offer the proprietary algorithm used to power TikTok's personalised recommendations to more corporate clients, as the company seeks to expand beyond mainstay consumer products. The algorithm is considered the "secret sauce" behind short-video app TikTok's global success and was one of the focal points when China's ByteDance was forced into talks to sell part of TikTok's U.S operations last year following former President Donald Trump's executive order. China at the time had revised its export restrictions so that it would have a say...

10 June

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Billionaire’s Altice group buys 12% BT stake but has no bid plans By Reuters

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By Paul Sandle and Mathieu Rosemain LONDON/PARIS (Reuters) - Telecoms billionaire Patrick Drahi has bought a 12.1% stake worth about 2.2 billion pounds ($3.1 billion) in Britain's BT Group (LON:BT), becoming its largest shareholder. Drahi's Next Alt announced the holding in a statement on Thursday which drove BT's shares to a 17-month high. They were trading up 3% at 189 pence at 0910 GMT. Next Alt, whose Altice France owns SFR, the second largest telecoms operator in France behind Orange, said it had no intention of making a takeover offer for BT. The British company...

10 June

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UK competition watchdog probing National Grid’s $11 billion WPD deal By Reuters

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(Reuters) - The UK's competition regulator said on Thursday it was investigating National Grid (LON:NG)'s proposed $11 billion purchase of England's largest electricity distribution business, Western Power Distribution (WPD). The Competition and Markets Authority (CMA), in its initial enforcement order, said that it has reasonable grounds for suspecting that if the deal went through, it would result in National Grid and WPD "ceasing to be distinct." National Grid in March had agreed to buy WPD from U.S.-based PPL Corp (NYSE:PPL) as the company positions itself for a climate-driven transition from gas to electric...

10 June

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Upbeat earnings lift UK stocks ahead of ECB meeting, U.S. inflation data By Reuters

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(Reuters) - A clutch of upbeat corporate earnings reports lifted UK stocks on Thursday, while investors turned to a European Central Bank policy meeting and U.S. inflation data for cues on whether global central banks could start tightening monetary policy. The export-heavy FTSE 100 rose 0.2%, tracking small gains in Asian stocks. The mid-cap FTSE 250 was flat. Pharmaceutical, personal goods and insurance stocks were among the biggest sectoral gainers in the UK by 0702 GMT. In company news, online trading platform CMC Markets rose 1.5% as it said annual profits more than doubled....

10 June

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Britain’s Go-Ahead sees improved profit on travel demand recovery By Reuters

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(Reuters) - Britain's Go-Ahead Group (LON:GOG) said on Thursday its annual outlook "had improved", as rising vaccination rates drove passenger volumes for its bus and rail services to the highest since the pandemic began, sending its shares up 4%. Without providing figures for its outlook for the year ending July 3, the company said profit expectations for its London and international bus units have also increased. Bus and rail operators took a big hit last year as multiple lockdowns in England hampered non-essential travel, with people avoiding public transport due to fears of contracting...

10 June

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Probe concludes Toshiba, with government, sought to pressure shareholders at AGM By Reuters

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By Makiko Yamazaki TOKYO (Reuters) - An independent probe into Toshiba Corp's controversial annual shareholders' meeting last year concluded that the company, together with the government's industry ministry, effectively colluded to undermine shareholders' rights. Activist investors including Effissimo Capital Management had successfully pushed for an investigation into whether the Japanese conglomerate applied pressure on shareholders over voting at the meeting. "Toshiba, so to speak in unison with METI, devised a plan to prevent Effissimo from exercising its shareholder proposal right at the AGM," investigators said in the report which was released by Toshiba. The...

10 June

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Analysis – The great British reopening: how investors are picking their bets By Reuters

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By Tommy Wilkes and Joice Alves LONDON (Reuters) - Cinema tickets, traffic jams, office footfall, web conferencing, even private jet leasing: investors are parsing motley metrics for clues about how to make money when a major economy reopens. Britain's blistering COVID-19 vaccine rollout is helping its economy open quicker than much of continental Europe, potentially providing a blueprint for investors trying to map how the recovery trade will play out across the rest of the region. The United Kingdom has been gradually loosening restrictions, with much of the country set to fully reopen...

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Exclusive-Paytm, MakeMyTrip, Infosys offer to help India with COVID vaccine bookings By Reuters

Bank regulators plan ‘conservative’ capital rule for bitcoin By Reuters

Interview: What to expect from the ECB announcement By Investing.com

ByteDance launches Volcano Engine brand to offer TikTok ‘secret’ to businesses By Reuters

Billionaire’s Altice group buys 12% BT stake but has no bid plans By Reuters

UK competition watchdog probing National Grid’s $11 billion WPD deal By Reuters

Upbeat earnings lift UK stocks ahead of ECB meeting, U.S. inflation data By Reuters

Britain’s Go-Ahead sees improved profit on travel demand recovery By Reuters

Probe concludes Toshiba, with government, sought to pressure shareholders at AGM By Reuters

Analysis – The great British reopening: how investors are picking their bets By Reuters

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