28 May

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Take Five: A looming labour crunch? By Reuters

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(Reuters) - 1/PRIME TIME PAYROLLS How fast is the U.S. recovery? Friday's U.S. monthly jobs report will add fuel to the debate. In April, U.S. job growth unexpectedly slowed, possibly because of shortages of workers and raw material. Non-farm payrolls added a mere 266,000 jobs compared to predictions for more than 3-1/2 times that. Optimism over jobs has offset concerns about rising inflation and diminishing government financial support, lifting May U.S. consumer confidence to a 14-month high. For May jobs, a Reuters poll predicts a 621,000 rise. Strong data could again...

28 May

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Nissan to set up EV battery plants in Japan, UK – Nikkei By Reuters

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(Reuters) - Nissan Motor Co will partner with China-based battery maker Envision AESC group to build new battery plants for electric vehicles in Japan and United Kingdom and will invest over 200 billion yen ($1.82 billion), Nikkei reported https://s.nikkei.com/34qpSwG on Friday. The Japanese automaker will start turning out batteries in two new plants as early as 2024, aiming for total capacity sufficient to power 700,000 EVs per year, the report said. ($1 = 109.8500 yen) ...

28 May

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Moody’s flags Big Oil’s rising risk from climate battle By Reuters

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LONDON (Reuters) - Rating agency Moody's said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell (LON:RDSa) losing a Dutch climate lawsuit this week and Exxon (NYSE:XOM) losing a battle with shareholders. Chevron (NYSE:CVX) also lost a vote to shareholders demanding it cut emissions further. "These actions represent a substantial shift in the landscape for oil companies, which had previously prevailed in courts, and largely fend off significant shareholder votes, on climate related matters," Moody's said. Moody's said it considered Exxon losing...

28 May

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Royal academy seeks 1 million vaccines as Thailand approves Sinopharm By Reuters

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BANGKOK (Reuters) - A royal academy chaired by Princess Chulabhorn, the youngest sibling of Thailand's king, on Friday said it would import 1 million doses of Sinopharm's COVID-19 vaccine next month, after the Food and Drug Administration (FDA) authorised its use. "We want to help plug in the gaps for business, schools, so they can move forward," Nithi Mahanonda, secretary-general of the Chulabhorn Royal Academy told a news briefing. Earlier this week, the academy announced it would import "alternative vaccines" to supplement the government campaign. The government's chaotic and widely criticised mass vaccinations programme is...

28 May

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Europe has passed turning point but still needs ECB support: Schnabel By Reuters

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By Balazs Koranyi, Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) - The euro zone economy has reached a turning point and the recent rise in borrowing costs reflects improved fundamentals, European Central Bank board member Isabel Schnabel told Reuters, playing down concerns that rising yields risk choking off growth. Facing a persistent uptick in borrowing costs, the ECB must decide on the future pace of its emergency bond buys at a June 10 meeting and a growing chorus of policymakers is calling for a steady flow of stimulus, fearing that the recovery might otherwise falter. ...

28 May

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UK financial watchdog to protect home, motor insurance customers from ‘loyalty penalty’ By Reuters

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By Huw Jones and Tom Wilson LONDON (Reuters) - Britain's financial regulator said on Friday it will move to protect consumers from so-called "loyalty penalties" in motor and home insurance, potentially saving an estimated 4.2 billion pounds ($5.95 billion) over 10 years. The Financial Conduct Authority (FCA) said in a statement it would set new rules to ensure consumers renewing quotes for home and motor insurance are not charged more than new customers. Many insurers increase prices for existing customers each year when they renew policies. The practice, known as "price walking", means consumers must...

28 May

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Investors flock to safety on concerns over peaky markets – BofA By Reuters

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LONDON (Reuters) - Safe-haven assets such as cash and gold funds drew investors during the week to Wednesday, BofA's fund flow statistics showed on Friday, a sign of growing concern over inflation and the potential roll back of central bank stimulus. Money market funds attracted $68 billion, the largest weekly inflow since April 2020, BofA said citing EPFR data. Gold sucked in $2.6 billion, the largest inflow in 16 weeks. But investors did not stop chasing stocks, which took in $17.9 billion, though BofA warned that peak positioning, policy and profits could lead to low or...

28 May

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European shares inch closer to record high By Reuters

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(Reuters) - European shares inched towards a record high on Friday as investors cheered more stimulus measures in the United States, but fears of an uptick in inflation ahead of key U.S. data kept the gains in check. The pan-European STOXX 600 index rose 0.3% to 447.69 points in early trade, after notching a record high of 447.86 in the previous session. It was also set for mild weekly gains. Bank stocks led early gains with a 0.7% rise, while resource stocks added 0.4%, benefiting from higher base metal prices. Global equities gained on...

28 May

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FTSE 100 rises on banks, commodity boost By Reuters

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(Reuters) - London's FTSE 100 index edged higher on Friday, led by gains in heavyweight banking and commodity stocks, while investors awaited key U.S. inflation data that has kept them on edge this week. The blue-chip index rose 0.3% with banks adding more than 1%. HSBC Holdings (LON:HSBA) provided the biggest boost. Miners and oil majors BP (LON:BP) and Royal Dutch Shell (LON:RDSa) also supported the index. [MET/L] A rally in Asia put global equities on track for a seventh day of gains as investors bet the United States will lead...

28 May

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Ireland to resume EU travel from mid-July, cautious on Britain By Reuters

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DUBLIN (Reuters) - Ireland plans to adopt a COVID-19 certificate to help citizens move more freely across the European Union from mid-July, but is not in a position "just yet" to allow unencumbered travel from neighbouring Britain, senior ministers said on Friday. "The advice that we have (from health officials), and we're accepting this advice, is that there are real concerns about the Indian variant and for that reason, we're not in a position to restore the common travel area (with Britain) just yet," Deputy Prime Minister Leo Varadkar told national broadcaster RTE. He said...

Меню

Take Five: A looming labour crunch? By Reuters

Nissan to set up EV battery plants in Japan, UK – Nikkei By Reuters

Moody’s flags Big Oil’s rising risk from climate battle By Reuters

Royal academy seeks 1 million vaccines as Thailand approves Sinopharm By Reuters

Europe has passed turning point but still needs ECB support: Schnabel By Reuters

UK financial watchdog to protect home, motor insurance customers from ‘loyalty penalty’ By Reuters

Investors flock to safety on concerns over peaky markets – BofA By Reuters

European shares inch closer to record high By Reuters

FTSE 100 rises on banks, commodity boost By Reuters

Ireland to resume EU travel from mid-July, cautious on Britain By Reuters

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