31 May

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Australian Copper Miner 29Metals Launches $471 Million IPO By Bloomberg

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(Bloomberg) -- Australian copper miner 29Metals Ltd. and its shareholders are seeking to raise as much as A$609.1 million ($471 million) in an initial public offering in Sydney, potentially marking the country’s second-largest listing to date this year. The company plans to issue A$245 million worth of new stock while current shareholders including EMR Capital Advisors are offering as much as A$364.1 million of existing shares, according to terms of the deal obtained on Monday by Bloomberg News. The listing could revive a strong start to the year for IPOs in the country, where three prospective...

31 May

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Intel reiterates chip supply shortages could last several years By Reuters

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TAIPEI (Reuters) - Intel Corp (NASDAQ:INTC)'s CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics. Pat Gelsinger told a virtual session of the Computex trade show in Taipei that the work-and-study-from-home trend during the COVID-19 pandemic had led to a "cycle of explosive growth in semiconductors" that has placed huge strain on global supply chains. "But while the industry has taken steps to address...

31 May

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Dollar near 2-month high vs yen, U.S. inflation beats expectations By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The dollar held near a two-month high against the yen on Monday after a key measure of U.S. inflation showed stronger price gains than expected, keeping alive expectations of an eventual tapering in the Federal Reserve's asset buying. The dollar traded at 109.87 yen, having reached a 110.20 on Friday, coming within striking distance of the one-year peak of 110.97 marked at the end of March. The U.S. inflation data also drove the greenback higher against other currencies briefly as well, though the currency run out of steam ahead of...

31 May

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How will China’s latest oil probe affect the world’s biggest crude importer? By Reuters

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By Chen Aizhu SINGAPORE (Reuters) -This year China's government has been gradually ramping up scrutiny of its sprawling oil industry, reinforcing its authority with new taxes on refined products while investigating crude imports by state energy giants and independent refiners. Last Tuesday, the country's top economic planning agency gave five state-owned companies just two days to report on their historic use of imported oil, part of a broader effort by the world's largest oil importer to control inbound shipments as domestic supplies swell. HOW IMPORTANT IS CHINA IN GLOBAL OIL MARKETS? China is the world's...

31 May

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Asia shares look to rally for third week, focus on U.S. jobs By Reuters

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By Wayne Cole SYDNEY (Reuters) - Asian shares edged higher on Monday, looking to extend their recent rally to a third week should U.S. jobs figures show the expected revival in hiring in May and keep the global recovery on track. MSCI's broadest index of Asia-Pacific shares outside Japan was a fraction firmer, having rallied 2.2% last week. Japan's Nikkei was flat, while Australia rose 0.2% to a fresh all-time peak. Markets in the U.S. and UK are closed for a holiday, but futures were still trading in Asia with the Nasdaq up 0.2% and S&P...

31 May

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UK vaccine passport plans to be scrapped – The Telegraph By Reuters

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(Reuters) -Britain plans to drop COVID-19 passports as a legal requirement for large events, The Daily Telegraph reported on Sunday. The UK officials working on the review into COVID-19 status certificates believe there is no chance the law will be changed to mandate their use within the UK, the report added. A government spokesman said in an emailed statement to Reuters that the COVID-19 vaccine certification review is still in process and no decision has yet been made. There has been mounting concern over the prospect of vaccine certificates voiced by the UK's...

30 May

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Renault-Nissan’s south India plant staff to stay away on Monday By Reuters

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By Sudarshan Varadhan CHENNAI (Reuters) - Workers at the Renault-Nissan plant in southern India will not report for work on Monday over coronavirus-related safety concerns, according to a union letter to the company seen by Reuters, and two sources familiar with the matter. Ford and Hyundai have also shut plants in the south over the last week following protests over COVID safety concerns. "It will not be secure for workers to report to work on Monday the 31st of May, 2021," the Renault-Nissan India workers union said in a letter sent late on Sunday. Two sources...

30 May

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COVID: Britain reports 3,240 cases and six deaths on Sunday By Reuters

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LONDON (Reuters) - Britain reported 3,240 new cases of COVID-19 on Sunday, a drop from 3,398 cases the previous day, and six deaths within 28 days of a positive test compared with seven on Saturday. The total number of people who had received the first dose of a vaccine increased to 39,259,168, Public Health England said. ...

30 May

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Bitcoin rises 5.2% to $36,448 By Reuters

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(Reuters) - Bitcoin rose 5.24% to $36,447.68 at 12:00 GMT on Sunday, adding $1,815.60 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 31.4% from the year's low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 8.25 % to $2,467.58 on Sunday, adding $187.99 to its previous close. Bitcoin has been less volatile in the past week but is down by 32% this month, weighed by growing regulatory pressures on the sector. It is currently trading at levels last seen in January and...

30 May

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Volkswagen plans to change management structure -Automobilwoche By Reuters

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BERLIN (Reuters) - Volkswagen (DE:VOWG_p) The move is aimed at ensuring better cooperation among the brands and at resolving conflicts of interest, the weekly said. Two long-serving managers should take over the new roles. Volkswagen did not immediately reply to a request for comment. ...

Меню

Australian Copper Miner 29Metals Launches $471 Million IPO By Bloomberg

Intel reiterates chip supply shortages could last several years By Reuters

Dollar near 2-month high vs yen, U.S. inflation beats expectations By Reuters

How will China’s latest oil probe affect the world’s biggest crude importer? By Reuters

Asia shares look to rally for third week, focus on U.S. jobs By Reuters

UK vaccine passport plans to be scrapped – The Telegraph By Reuters

Renault-Nissan’s south India plant staff to stay away on Monday By Reuters

COVID: Britain reports 3,240 cases and six deaths on Sunday By Reuters

Bitcoin rises 5.2% to $36,448 By Reuters

Volkswagen plans to change management structure -Automobilwoche By Reuters

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